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GP81
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Registered: 02-2014
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Hello from New Zealand


Hi i milk 330 cows on split calving, Mainly grass but some [sign in to see URL] mostly registered Holstein-Friesian. Mix of NZ and Holstein genetics.I have been reading the posts on Cow talk for some time and find the discussions at times very interesting and [sign in to see URL] developers of this site need to be congratulated on it. :NZ:
13/2/2014, 4:52 Link to this post PM via Email   PM via Forum
 
smous Profile
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Cowtalk Staff
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Location: South Africa
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Re: Hello from New Zealand


Welcome, where abouts in NZ are you? What is your current milk price?

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WWS-SA
13/2/2014, 7:01 Link to this post PM via Email   PM via Forum
 
Barry99 Profile
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GP81
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Re: Hello from New Zealand


Hi Smous

Current projected payout is $[sign in to see URL] / kg milk solid's plus 10 cents dividend for each paid up share we have.[Shares are 1 share/ kg milk solids]

The milk solids is made up of protein [ usually 66% of payment] plus fat minus 5 cents per litre of milk supplied. [ processing and cartage charge ]

Season starts the 1st of June and finishes the 31st May.
We are paid an advance rate for our milk which started in July for milk supplied
in June at $[sign in to see URL]. the advance rate increases as the season goes on currently January supplied paid February is $[sign in to see URL], the final payment to bring us up to $[sign in to see URL] will be in October. During the season the Fontera board reviews the price and alters it according to market projections.

Winter milk contracts May/ June / July carry a premium of $[sign in to see URL] /kg m/s above the seasonal price. this premium is reduced by 5 cents for every 10 kilometers away from a factory that your farm is.

I realize that you are probably asking how many cents per litre we are paid but i have not worked this out since the last notified payment change
13/2/2014, 7:54 Link to this post PM via Email   PM via Forum
 
drdiederich Profile
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EX91
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Re:


Either I did some math wrong (which I wouldn't doubt) or I would love that pay price for my farm! For me that came out to over $[sign in to see URL]

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Diederich Farm
13/2/2014, 16:22 Link to this post PM via Email   PM via Forum
 
smous Profile
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Re:


I understand your payment system to a certain degree, LIC is one of my biggest competitors. That is a serious payout, is it an all time high?

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WWS-SA
13/2/2014, 18:57 Link to this post PM via Email   PM via Forum
 
Barry99 Profile
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GP81
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Re:


Yes it is an all time high. At this stage they are talking about a $[sign in to see URL] payout for next year. the uncertainty at the moment is how much more milk will be produced in the northern hemisphere with [sign in to see URL] year has been unusual with the high prices being paid for milk [sign in to see URL] global trading platform is helping with the payout as the product sold their is at current world market price. Most value added products are tied into long term price contracts and do not react quickly to changing world prices.

Drdiederich did you factor in the difference in our currency valuations the NZ dollar is currently valued at between 86 to 88 cents US to the NZ dollar.

Smous i am located just south of Palmerston North in the North Island.
13/2/2014, 20:14 Link to this post PM via Email   PM via Forum
 
Gerbrich Profile
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Ex96
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Re: Hello from New Zealand


Welcome Barry.

Visited the NZ Dairy Event in Feilding couple of weeks ago. Very nice show!
13/2/2014, 20:35 Link to this post PM via Email   PM via Forum
 
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EX91
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Re:


See! I knew I forgot something! That brings it down to around $23/cwt... still really good! I can make money at that level. OF course, we are getting better than that right now, but that price isn't for the year, just the month.

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Diederich Farm
13/2/2014, 20:58 Link to this post PM via Email   PM via Forum
 


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