Dairy farmers have weighed in on Rabobank's seasonal dairy outlook with producers both welcoming and questioning the report.
Dairy farmer Alex Robertson, Simpson, said the forecast was hard to digest when demand was was strong, urging against panic but for people to remain cautious.
"Nobody really knows what's going on and it makes you wonder how you can continually go the supermarkets and shelves are empty yet they're telling us we'll get a price drop," he said.
"If world price comes off 15 per cent along with the Australian dollar why are saying $5.70? Shouldn't our price then stay where it is?"
Report offers good analysis
Meanwhile, dairy farmer Lisa Dwyer, Hawkesdale, welcomed Rabobank's advice to plan conservatively.
"Given the circumstances that the world is facing I cannot see how it will not impact the Australian dairy from from a domestic perspective," Ms Dwyer said.
"The new season commences on July 1 and there wouldn't be a dairy farming business that wouldn't be anxious about what the opening price may be.
"Whilst I'm very cognisant of the challenges facing processes in setting an appropriate opening price, I'm certainly hopeful they provide some guidance sooner rather than later."
At the farm gate, better seasonal conditions may relieve feed costs, while elevated cull cow prices as a buoyant live export sector would also provide opportunity to support business margins.
Have you signed up to Stock & Land's daily newsletter and breaking news emails? You can register below and make sure you are up to date with everything that's important to Victorian agriculture.
