Milk price volatility is one of the biggest uncontrollable risks in dairy.
For our clients, Neer Enterprises in the Wairarapa, a lower-than-expected payout caused cashflow stress, and highlighted just how exposed they were to something they couldn’t control.
Neer is a true family business. With Sandie Shivas, Rob Steele and Olivia Clark leading day-to-day operations, and the wider Reid family, Noel and Elaine, along with many grandkids involved, the focus has always been long-term sustainability.
Instead of riding the payout wave and hoping it improved, they chose to actively manage the risk.
Working alongside Brett from Sidekick Rural, Neer implemented Figured’s Milk Price Protection, delivered in partnership with StoneX. This tool allows dairy farmers to lock in a portion or all of their milk price for the season ahead.
The result:
- Greater income certainty
- More reliable budgeting
- Reduced financial stress
- Clearer long-term planning
Milk Price Protection didn’t remove volatility from the industry. It reduced its impact on the business, and created a stronger financial environment by putting the right people, tools and structure in place.
If milk price swings are making it hard to plan with confidence, it may be time to rethink how you manage risk.
Talk to our Sidekick Rural team about whether Milk Price Protection is right for your farm.
[Watch the full case study here] https://youtu.be/dZaNZGfVHpU
