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Karl Dean: Federated Farmers Dairy Chair on Fonterra's profit
Dairy farmers remain mindful of the chance of more tough times ahead.
Fonterra's confirmed a final farmgate milk price of $10.16 for the past season, with earnings of 71 cents per share.
But its midpoint forecast for this season remains at $10.
Federated Farmers Dairy Board Chair Karl Dean told Francesca Rudkin farmers will be paying off debt and investing back into their farms after battling several years of high on-farm costs.
He says they all understand costs may rise again, and incomes may drop.
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