The Business of Dairy

Farm Management Deposits are often discussed as a valuable tool for managing farm income and tax, but how do they actually work? In this episode, Sheena Carter talks with Chartered Accountant James Davis from HQB Accountants about the purpose of FMDs, who can use them, the rules farmers need to know, and the role they can play in managing profitability and risk. The discussion also explores alternative tax management strategies and the importance of working with professional advisers to make informed financial decisions. In this episode, we discuss: · What a Farm Management Deposit (FMD) is and why the scheme was created. · Which farmers are eligible to use FMDs and the key rules that apply. · Minimum and maximum deposit limits, holding periods and important exceptions. · How and where farmers can establish an FMD. · How FMDs are commonly used across Australian agriculture and the dairy industry. · Practical examples of using FMDs in both profitable and challenging seasons. · How FMDs can help smooth taxable income between good and poor years. · Other legal and effective tax management strategies available to farmers. · The advantages and disadvantages of FMDs as a financial management tool. · What farmers should consider before using superannuation as a tax management strategy. · The importance of proactive tax planning and working closely with your accountant. Resources: HQB Accountants Home - HQB Accountants ATO Farm management deposits scheme https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/primary-producers/managing-varying-income/farm-management-deposits-scheme This podcast is an initiative of the NSW DPIRD Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries Host – Sheena Carter (NSW DPIRD Dairy Unit) Connect with Sheena on LinkedIn It is brought to you in partnership the Hunter Local Land Services Further NSW DPIRD Dairy channels to follow and subscribe to include; NSW DPIRD Dairy Facebook page - https://www.facebook.com/NSWDairy NSW DPIRD Dairy Newsletter - Connect with us | Department of Primary Industries Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Produced by “Pacific Studio” www.pacific.studio

In this episode of The Business of Dairy , Sheena Carter explores what business coaching can offer dairy farm businesses. She is joined by NSW dairy farmers Natasha and Rod Yarrington from Bowhill Dairy, along with Liam Dooley, Senior Project Officer with the Farm Business Resilience Program. Natasha and Rod share their experience of taking part in a farm business coaching program, including how the program worked, what prompted them to participate, and why they have chosen to continue coaching beyond the initial opportunity. Liam explains the current coaching support available through the Farm Business Resilience Program and outlines other opportunities farmers can access to strengthen their business skills and decision-making. In this episode, we discuss: · What farm business coaching is and how it can support dairy businesses · Natasha and Rod’s experience participating in a coaching program · The practical format of coaching, including meetings, preparation and follow-up · The benefits of stepping back from day-to-day operations to focus on business goals · How coaching can help farm businesses improve clarity, confidence and decision-making · The current Farm Business Resilience Program coaching offer · Other support and opportunities available to farmers through the program Resources: Bowhill Dairy Facebook page - https://www.facebook.com/search/top?q=bowhill%20dairy Farm Business resilience Coaching webpage https://www.nsw.gov.au/regional-and-primary-industries/drought/business-support/business-coaching Farm Business Resilience workshops - https://events.humanitix.com/host/nswfbrp This podcast is an initiative of the NSW DPIRD Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries Host – Sheena Carter (NSW DPIRD Dairy Unit) Connect with Sheena on LinkedIn It is brought to you in partnership the Hunter Local Land Services Further NSW DPI Dairy channels to follow and subscribe to include; NSW DPI Dairy Facebook page - https://www.facebook.com/NSWDairy NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Produced by “Pacific Studio” www.pacific.studio The information discussed in this podcast is for informative and educational purposes only and does not constitute advice.

In this episode of The Business of Dairy , host Sheena Carter speaks with Sarah Legge, Lecturer in Dairy Science at The University of Sydney, about new research from the NSW DairyUP program exploring whether data from automated calf feeders can help farmers identify underperforming calves earlier. The conversation focuses on why weaning weight matters, what automated feeder data can reveal about calf performance, and how early intervention may help improve calf growth, survival and future productivity. What we cover · Why calf weaning weight is an important performance measure for dairy businesses. · What early feeder data may tell us about calf growth and future weaning weight. · The significance of identifying underperforming calves within the first five days of entering the automated feeder system. · What an unrewarded visit is, and why it may be linked to calf performance. · Practical steps farmers can take when calves are not drinking well or engaging with the feeder. · Lessons for farms that do not use automated calf feeders. · What the research suggests about the relationship between weaning weight, survival and later lactation performance. Resources: DairyUP Project Summary – P2e Calf husbandry https://dairyup.com.au/wp-content/uploads/2026/06/Project-Summary-P2e-2026.pdf Journal of Dairy Science Communications, Volume 5, Issue 5, September 2024, pages 474-478. https://www.sciencedirect.com/science/article/pii/S2666910224000346 DairyUP website (publications, final reports, factsheets and other resources) - https://dairyup.com.au/ This podcast is an initiative of the NSW DPIRD Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries Host – Sheena Carter (NSW DPIRD Dairy Unit) Connect with Sheena on LinkedIn It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Transcript - Produced by “Pacific Studio” www.pacific.studio The information discussed in this podcast is for informative and educational purposes only and does not constitute advice.

Dairy farmers are set to benefit now and into the future because of the research and development undertaken by a 5-year collaborative program in NSW that has recently come to an end. The DairyUP program was a unique collaboration that had ten key projects focussing on a broad range of areas including animals, pastures, farmer capability, future systems and products, the future climate and planning. Discussing some of the key outputs and resources for dairy farmers, our guest this episode is Sergio Garcia, better known to the dairy industry as Yani. Yani is the Professor of Dairy Science at the University of Sydney and the DairyUP program Leader. He has had a long and distinguished career in the dairy industry initially in Argentina, his country of origin, then in New Zealand and for the last 20 years or more, here in Australia. Resources: DairyUP website (publications, final reports, factsheets and other resources) - https://dairyup.com.au/ This podcast is an initiative of the NSW DPIRD Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries Host – Sheena Carter (NSW DPIRD Dairy Unit) Connect with Sheena on LinkedIn It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Transcript - Produced by “Pacific Studio” www.pacific.studio The information discussed in this podcast is for informative and educational purposes only and does not constitute advice.

For dairy farms located near poultry farms, poultry litter can be a valuable and cost-effective source of fertiliser. With ongoing volatility in fertiliser prices and availability, many farmers are taking a closer look at both the rates they apply and the alternative nutrient sources available to them. In this episode, I’m joined by agronomist Peter Beale to discuss all things poultry litter — including how to value it, when it makes sense to use it, and some of the practical limitations dairy farmers need to consider. Peter has worked extensively with dairy farmers and is also a previous guest of the podcast. Resources: Factsheet - Best practice guidelines for using poultry litter on pastures This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership with the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include; NSW DPI Dairy Facebook page - https://www.facebook.com/NSWDairy NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript - Produced by “Pacific Studio” www.pacific.studio The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Welcome to this episode of The Business of Dairy . In this live recording from the 2026 Raising the Roof conference in Shepparton, Victoria, Claire Waterman from Agriculture Victoria and Sheena Carter share the latest update from the Total Mixed Ration Feeding Systems – Dairy Farm Monitor report. Covering the 2024–25 financial year, the report now brings together nine years of analysis, with insights into farm profit and the key cost drivers shaping TMR systems, including feed, overhead and finance costs. Raising the Roof was a sold-out event hosted by Dairy Australia and its supporting partners, bringing together international speakers, Australian dairy service providers and farmers. A link to resources related to intensive farm systems can be found in the show notes. Resources: DFMP – Total Mixed Ration Feeding System reports Dairy Australia – Farm Systems resource page This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Dairy farmers and farmers generally are facing significant challenges regarding their autumn sowing plans due to high fuel and fertiliser costs because of the war in the Middle East. Decisions need to be made by farmers to enable them to minimise the effects of this situation on pasture and herd production and ultimately financial performance. Nathan Jennings from the North Coast Local Land Services in NSW joins us to talk about some of the management options that farmers should consider related to urea application and sowing strategies for ryegrass in the current environment. Resources: Nathan Jennings’ article “Ryegrass planting options considering fertiliser and fuel supply” MiniMilkBiz This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Australia’s dairy sector is rich in performance data, and herd recording remains a key source of insights for on-farm decision-making and tracking national herd trends. In this episode, host Sheena Carter is joined by Michelle Axford (DataGene) to explore key takeaways from DataGene’s latest Australian Dairy Herd Improvement Report, including emerging trends in herd performance and how genetics and new research are shaping herd improvement. Resources: Australian Dairy Herd Improvement Report 2025 DataGene website DataConnect This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Starting out as a milker and rising to herd manager of 900 cows, Tegan Gilfillan’s career is a true dairy success story. With more than 18 years spent on the one farm, Tegan has grown alongside Speldon Partnership, owned and operated by the Maslen family in the New South Wales Mid Coast region. Today, she leads both livestock and people, managing a large herd and a committed team of staff. In this episode, Tegan shares her journey and speaks candidly about the importance of people in a dairy business, developing strong teams, and the role the Maslen family has played in supporting her growth. This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript Here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

This month we revisit one of our very early episodes which was released on the 1st December 2023 which was a particularly dry period across most of NSW and other regions. My guest was Neil Moss, a veterinarian and consultant with Scibus. The focus of our discussion was on heifer management in dry times and while we currently have much of southern NSW, Victoria and SA who have been managing very dry conditions for a prolonged period, these conditions are expanding. I am recording this introduction in December 2025 and the forecast in NSW moving towards Feb 2026 when this podcast will be released, is showing expansion of dry conditions further into central NSW and some coastal pockets. Useful resources related to this podcast: · Farming Forecaster (including instructional videos) · NSW DPIRD Seasonal Conditions and drought forecast webpage · Dairy Australia’s “Nutritional Strategies” webpage – comprehensive list of feed budgeting and management resources This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

The 2024-25 financial year was one of extremes for NSW dairy farmers with extraordinarily wet conditions in the North and significantly dry conditions in the South. Despite these challenges, average profitability on our NSW Dairy Farm Monitor farms was above the long-term average for the 5th year in a row. Average Return on Total Assets managed was 4.3%, down slightly from the previous year of 4.5%. In this episode we discuss factors that impacted these results and look at some of the regional nuances between the North and South group of farms participating in the project. This project is an ongoing collaboration between NSW DPIRD and Dairy Australia and marks the 14th year of DFMP in NSW. Useful resources related to this podcast: · NSW Dairy Industry Overview 2025 and Snapshot · NSW Dairy Farm Monitor Project webpage with links to the Annual Report, Regional Summaries and the Interactive DFMP Report · Dairy Australia’s DFMP webpage with links to Annual Reports for all milk producing regions of Australia This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

This month we continue the theme of planning, not business planning but farm development planning and approvals. My guest, Wendy Goodburn, a NSW DPIRD Land Use Planner joins us to explain the development and recent release of a fantastic, freely available online tool called myFarmPlanner. myFarmPlanner assists farmers, planners, consultants and local government with the pre-lodgement process for development applications related to on farm developments and upgrades. It is designed for the dairy, horticulture, poultry and agritourism industries in NSW. While this is an audio only podcast and while we can’t actually show you what the tool looks like, you can view our recently recorded Dairy Breakfast webinar which was very well received and shows the tool being used live with a NSW dairy farm. A link to the recording is in the show notes and can also be found on the NSW Agriculture YouTube page in the Dairy playlist. Useful resources related to this podcast: · Dairy Business Breakfast webinar showcasing myFarmPlanner · myFarmPlanner · Industry resources for planning and development including “NSW Dairy Development and Environmental Guidelines 2024”, “Farm System Evaluator” tool and the “National Guidelines – Dairy Feedpads and Contained Housing” · NSW Agricultural Land Use Planning website This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

“Plans are worthless, but planning is everything.” This is a quote from Dwight D Eisenhower who was the Supreme Commander of the Allied Forces in Europe in WWII and also the 34th President of the United States. What he as saying is that a plan is a guide that can often change in the heat of battle, but because there is a plan it means different risks and scenarios have been thought through, you know what your resources, risks and goals are and having thought all this through you now have a foundation or base level that sets out your direction and you can use and adapt this when things change. In the case of a Farm Business Plan, it is also an excellent document to have when communicating within your business and to external parties such as advisers and financiers. My guest this month is Jess Bell, Senior Project Officer with NSW DPIRD’s Farm Business Resilience Program who has co-authored a book called Farm Business Planning which has been published by Tocal College and is also available online. We discuss the importance of a Farm Business Plan, when you should develop one, who should do it, what it contains, why you should have one and how it can be used, as well as providing you with lots of resources to help you through the process and set your business up for future success. Useful resources related to this podcast: · Order your “Farm Business Planning” book and access free templates · Dairy Standard Chart of Accounts · Dairy Cash Budgeting Tool | Dairy Australia · Farm Business Resilience Program This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Service s Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Farm businesses in some parts of NSW have experienced some very challenging weather events throughout 2025 including ex-Tropical Cyclone Alfred in March and the East Coast Severe Weather event in May. When disasters of this scale occur and they are declared a severe weather event, the NSW Rural Assistance Authority (RAA) is the agency that administers funding made available by the state and federal governments. In this episode my guests introduce us to the RAA, its history, and its role in administration and distribution of funds. We also discuss two types of loans made available to provide assistance with natural disasters and also drought preparedness and touch on farm debt mediation. Useful resources related to this podcast: · RAA website - NSW Rural Assistance Authority (RAA) · Phone 1800 678 593 (Monday to Friday from 8:30am – 4:30pm) · NSW DPIRD Dairy – Emergencies and risk management web page - Emergencies and risk management | Department of Primary Industries This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter Transcript here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

What is over-capitalisation, what does it look like on a dairy farm and how does it impact your business performance? It is important to be aware of how over-capitalisation can add to your business’s cost of production – adding to both cash and non-cash costs. This month, updates have been provided on average depreciation and interest costs as we revisit one of our very early podcast episodes. The content and insights provided by Jake are as relevant today as they were in 2021. Useful resources related to this podcast: · Jake Musson (Dairy Australia) – NSW System Performance presentation (~19:20 minute mark for ‘Plant and equipment vs. Depreciation) https://www.youtube.com/watch?v=HLb7Z2DU6fI · Tower of Resilience (John Mulvany) · Farm Business Snapshot calculator · NSW Dairy Farm Monitor reports This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript - Here Produced by Liam Driver The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

How do you tell if your dairy business is heading in the direction you want it to? Is it ‘gut sense’ or can you quantify it? MiniMilkBiz is a tool that we have recently updated that allows you to generate some rich physical and financial reports to see how your milking herd is currently performing. This episode explains MiniMilkBiz, what information is required and outlines the two key reports that are generated. The show notes contain a link to download the tool from our website. Learn more: MiniMilkBiz Dairy Standard Chart of Accounts DairyBase This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Video Lift The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

As Australian dairy farms have expanded and herd sizes grown, the demand for skilled labour has increased —but finding local workers can be challenging. In this episode, we explore how employing overseas staff through various visa options and the Dairy Industry Labour Agreement can help fill the gap. Migration agent Fadi Malek, who is Director of Global Skilled Employment Services and NSW dairy farmer Andrew Farr join us to unpack the process of registering, recruiting, and employing international workers. While not a one-size-fits-all solution, overseas labour—when managed well—can be a rewarding option for both employers and employees. Join us in our milestone 50th podcast, to learn about the opportunities, challenges, and practical steps involved in bringing skilled workers to your farm. Topics include: Types of visas – what might suit your situation Worker rights and pay rates Dairy Industry Labour Agreement (DILA) Registering as a potential overseas labour employer Effective working relationships and cultural considerations Assistance with recruitment and immigration processes Learn more: The People in Dairy – Hiring people from overseas. Dairy Australia fact sheets: Dairy Industry Labour Agreement (DILA) – What you need to know. DILA - Frequently Asked Questions (FAQ) Global Skilled Employment Services. This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include; NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Producing milk with less lactose – why might this be important? Our guest this month is Juan Garguilo, one of my NSW DPIRD colleagues. Juan has been involved in a number of research projects as part of the NSW Dairy Up R& D initiative and if you are a long-term listener of this podcast, you will have heard his Argentinian accent before! Juan, in conjunction with other well known dairy researchers, Professor Yani Garcia (University of Sydney) and Russ Hovey (University of California – Davis) has analysed the lactose content in milk – lactose being a milk solid that you don’t normally hear too much about. Understanding and manipulating lactose content of milk may have farm level and industry level benefits as described by Juan in discussion with Zita Ritchie in this podcast. Project Update – Producing Milk with less lactose DairyUp website Journal of Dairy Science paper This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include; NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Video Lift The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

We are now entering milk pricing season in the Australian dairy industry, which means there will be plenty of headline news as we head into milk processors announcing prices on the 1st June as required under the mandatory Dairy Code of Conduct. Joanne Bills, Director of the Global Insights team with Ever.Ag (Freshagenda) outlines their forecast around milk pricing with particular reference to the NSW industry and we also discuss some of the implications of the Trump Administration’s tariff announcements on the Australian dairy industry. Milk Value Portal (MVP) Fresh Agenda Quarterly Insights Report (MVP) Farmgate Milk Value tool (MVP - calculator) This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Video Lift The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.

Over 170 dairy farms across SE QLD and the North Coast of NSW were impacted by severe flooding and wet conditions as a result of Tropical Cyclone Alfred in early March this year, 2025. This resulted in losses of power, pasture and crop and other feed losses, for some farms a period of time where milk was unable to be picked up and infrastructure damage on farm and off farm such as land slips impacting road access to farms. Herd health is always a major issue in this situation and this month we focus particularly on the impact of mastitis, lameness and the conditions for people on the farm. While the floods have receded, the management of these conditions continues and I am very pleased to have veterinarian Dr Mark Humphris and Riverina dairy farmer, Ruth Kydd join me in discussion today. NSW Rural Assistance Authority – Natural Disaster Transport Subsidy NSW Rural Assistance Authority – Natural Disaster Relief Loan QLD Freight subsidies for disaster affected Primary Producers - Freight Subsidies for Disaster Affected Primary Producers QLD | business.gov.au QLD Rural & Industry Development Authority – Disaster Assistance Loan - Disaster Assistance Loans | Queensland Rural and Industry QLD Rural & Industry development Authority – Disaster Assistance (Essential Working Capital Loan) - Disaster Assistance (Essential Working Capital) Loan | Fact sheets – Dairy Australia: “Managing Lameness in Wet Conditions” and “Mastitis Control in Wet Conditions” This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit – further information and resources are available here - Dairy | Department of Primary Industries It is brought to you in partnership the Hunter Local Land Services Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com Further NSW DPI Dairy channels to follow and subscribe to include: NSW DPI Dairy Facebook page NSW DPI Dairy Newsletter - Connect with us | Department of Primary Industries Transcript here Produced by Video Lift The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.