Co-operative insulation protects Irish dairy industry

Much feared dairy industry volatility is hurting farmers around the world.

New Zealand Reserve Bank governor Graeme Wheeler says more than 35% of their dairy farmers will operate at a loss, if their current milk price forecast is accurate.

With New Zealand dairy farm debts at €22.54 billion, and about 30% of that concentrated among the most indebted 10%, farmers down under badly need an upturn in the milk market.