Light at the end of the paddock for dairy farmers
Nathan Penny says the one of the biggest factors to this will be the US interest rate hike later this year.
The New Zealand dollar is poised to shed more value against the US by the start of next year and dairy prices may only be at the current level temporarily.
This is good news for farmers, says ASB Bank rural economist Nathan Penny, who forecasts the New Zealand dollar will be at 61c against the US
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Jason Walls
Fri, 31 Jul 2015
Fri, 31 Jul 2015
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Light at the end of the paddock for dairy farmers
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