New Zealand in Mourning as #Fonterra Slashes Payout, Fall of 2.7% GDP
The dangers of living in an economy too dependent on agriculture hit home today in New Zealand. Dairy farmers are facing a “disastrous” year after a prediction that none will make money from Fonterra’s payout forecast, issued today. According to an article in today’s NZFarmer.co.nz: Fonterra today cut its farm gate milk price forecast for…
