Ag 01 june 2015

Page 1

Monday, June 1, 2015

Since Sept 27, 1879

Retail $1.50 Home delivered from 95c

THE INDEPENDENT VOICE OF MID CANTERBURY

Methven through to semis

New youth pastor P4

P?

www.guardianonline.co.nz

Jewels fever Punters came from far and wide to Ashburton FULL STORY for the Harness Jewels race meeting

P3

PHOTO TETSURO MITOMO 300515-TM-295

Payout drop hitting home BY NADINE PORTER

NADINE.P@THEGUARDIAN.CO.NZ

Mid Canterbury dairy farmers will have an overdraft of $250,000 by the end of September as the district looks set to lose $1 billion dollars in income, according to Mid Canterbury Federated Farmers. At the recent annual general meeting, councillor Peter Reveley said the decreased price was already having an effect around the town.

“This district is probably $900,000 million to $1 billion dollars down. Those figures need to get out.” Some businesses had told him they would have to be very careful about what they do, he said. Mid Canterbury dairy chairperson Jessie Chan-Dorman told the meeting dairy farmers will be making a loss of around $1.19 for every kilogram of milk solids produced this season. A Dairy NZ economic survey showed it would take $5.59 to

produce a kilogram of milk solids, she said. Of that $4.38 was made up of farm working expenses and $1.21 in interest and debt servicing. “That’s a loss of $0.34 cents per kilogram even at the $5.25 just announced (for 2015/16 season).” Ms Chan-Dorman said the average Canterbury Marlborough dairy farmer will have a $250,000 overdraft by September from a zero base.

“The reason I keep saying these numbers is so that those that aren’t dairy farmers or are in town understand what a $4.40 milk pay-out means and to remind farmers we are all in the same boat.” Farmers tended to measure their success by how much profit they made, and if they didn’t make a profit they felt like a failure, she said. “But it’s not dairy farmers’ fault in this instance.” Dairy farmers should not

beat themselves up about it, Ms Chan-Dorman said. Farmers’ wellbeing was a big issue but there was a lot of support available. “Actually if we look after our farmers and our stock it will be alright while sustaining the types of losses we have had.” She admitted to feeling “nervous” when hearing farmers talking about not bringing supplements in as a cost-cutting exercise, but it was only a shortterm fix.

QUALITY WITHOUT COMPROMISE SOUTHERN PLAINS BREAD (700g Varieties & Spicy Fruit Loaf)

.00 $ 2 FOR

5

DAIRY DALE MILK (2L Varieties)

3

Or $2

.99

Weather: High 17 - Overnight 5˚ Page 22

GINGER SLICE

$ .49

2 FOR

01/06/15 to 07/06/15

Puzzles: Page 21

Ph 03 307 7900 to subscribe!

BAK ER IES

Save 50

Television: Page 23

C

Open 7 Days 7.30am - 6.00pm 110 East St, Ashburton • Ph: 03 308 8487

Family Notices: Page 22

While stocks last.

www.guardianonline.co.nz


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.