The full scale of the effect of the dairy downturn on New Zealand’s economy has been revealed after new statistics confirmed a $4.9 billion fall in dairy-related income from the 2014-15 season.
The statistics from DairyNZ showed the value of milk production to the national economy dropped from $18.1b in 2013-14 to $13.2b in 2014-15.
Waikato took a $1.8b loss in dairy revenue (from $4.2b down to $2.4b) over the same period.
The statistics are taken following the dairy season from June to May and were released at DairyNZ’s annual meeting recently.
