Murray Dairy regional manager Lachlan Barnes said the Dairy Farm Monitor Project showed the 2022-23 season was a “very productive and profitable season” for northern Victorian dairy farmers.
“The farms analysed represent a good cross section of varying size, farming system and climate experienced across the northern Victorian dairy area,” Mr Barnes said.
He said the sample farms included many businesses significantly impacted by high input costs, rising interest rates and major flooding during the analysis period.
“A record milk price and good irrigation prices for many meant they were not only buffered from the headline-grabbing challenges but were able to prosper.
“This comes on top of a run of good seasons in the northern Victorian DFMP data set, allowing investment and consolidation to occur on-farm which could be critical given predictions of building climatic, market and cost pressures in the coming 12 months.”
Northern Victorian dairy farmers are invited to join Murray Dairy at its upcoming Regional Network Group meetings, where you will receive an update on the dairy industry Situation & Outlook Report, take a look at the results from this year's Dairy Farm Monitor Project and see the successful farmers presented with this year's Milk Quality Awards.
The free meetings will be held in:
- Echuca on Wednesday, November 15 from 6.45pm to 9.30pm at Echuca Workers, 165-173 Annesley St, Echuca. Register at: https://bit.ly/RNG-Echuca23
- Shepparton on Thursday, November 16 from 7.45am to 10.15am at Belcibo & Co, 129 Fryers St, Shepparton. Register at: https://bit.ly/RNG-Shepp23
