date:Jul 26, 2012
The heads of terms establish a number of minimum requirements and new provisions for dairy contracts between farmers and milk buyers.
The code stipulates that dairy farmers must receive at least 30 days notice of a price change and retrospective price adjustments are no longer acceptable.
The code also puts in place conditions that must be met, where a purchaser wishes to use his discretion to set farm gate milk prices.
These include a commitment to engage with farmers and their representativ