date:Sep 01, 2012
of growthover the last decade as milk production growth has gone through the roof.
But, according to the Rabobank report, this growth will no longer be driven by increasing the number of dairy cows in the national herd. Instead productivity improvements will drive growth, as farmers strive to extract greater production per cow.
While forecasted growth of 30% over the next 10 years is considered rapid by most industry measures, it will be pedestrian by recent New Zealand standards,said Rabobank