Milking cash crops

By Linda Sanders In Money

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All good things must come to an end. It was a truly magnificent summer, unless you were farmer. For some, the April rain meant relief from the worst drought in more than half a century. It ended spectacularly in many regions, with flooding in a couple of places. Although mostly welcome, the big wet was too late for some areas that were already starting to feel signs of winter. Many dairy farmers will be grateful to Fonterra for speeding up its payments to them, and lifting the forecast milk price to boost their cash flow. As the longer-term effects of the drought start to bite, any ...

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