You are 100% correct. The actual market response in this case is "prices set to FALL in respose to retail slump".
Our media is economically illiterate (or paid to print this crap).
murl
joined 1 year ago
You are 100% correct. The actual market response in this case is "prices set to FALL in respose to retail slump".
Our media is economically illiterate (or paid to print this crap).
In terms of providing fat/protein for processed food, agree that it is probably a sunset industry. Milk powder will become lab 100% or close to that.
Old-school dairy will still exist, for things like boutique cheeses. Terrior is important in that market. The fonterra model of pumping out mega-tonnes of generic product is irrelevant. Those who want to remain dairy farming should be forming relationships with individual cheese makers and developing cheeses that reflect their locality.
As factory created protein takes over, there will be more focus on "destination" food experiences as a way for land based farmers to carry on. Tourism and dining with farm visits to see a cow, that sort of thing. $$$. Most people won't bother, just stick to product for their dietary needs.