It's good news for dairy farmers, but coffee drinkers will need to fork out more for their favourite blend.
"I guess it's inevitable; everything else is going up … but we don't want to pay too much either, because we want to enjoy our coffee.Coffee drinker David Gentle is happy to pay a bit extra for his coffee if farmers get more, but he doesn’t want prices to go up too much."I think it's a necessary increase. As prices increase for the business, it needs to increase for the customer — the business can't just accumulate that cost on their own," she said.
"It's been a long time coming; dairy farmers have finally got a milk pay that reflects the amount of work and effort that we put into producing the quality milk we produce," north-east Tasmanian dairy farmer Cheryl McCartie said.Dairy farmer Cheryl McCartie says she knows high prices won't last forever.
"We are good at keeping costs down … but, when they are beyond your control, having a good milk price means we can actually still make investment in our farm and our people, and to things that help the environment," Mrs McCartie said. Then in 2016, processor Murray Goulburn ran into financial problems and retrospectively cut milk prices, meaning farmers were paid less than the cost of production.The McCarties thought about leaving the industry. Many farmers did leave and Australia's milk production plummeted by about a billion litres over five years.Janine Waller from the Australian Dairy Processors Association says milk supply has been falling.
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