- dealing with more extreme market volatility
- farming within environmental limits
- consumer expectations and how we farm responsibly, in particular animal welfare standards
- the quest for talented people - a challenge we expect will become more difficult as all parts of the economy compete for the best and brightest
- the need to provide positive work environments, particularly health and safety aspects and also employment conditions
- greenhouse gases - this is an issue that remains firmly on the DairyNZ radar.
At the same time, we need to look at these as opportunities where we can position 'NZ dairy' as a producer of high-quality safe dairy products.
We need a strong story for our customers but we also know they will judge us on actions, not words. We need to be living our story as an industry - and making it real for people.
Investment value
DairyNZ has a key role to play, particularly through strategic approach to investment.
The Strategy for Sustainable Dairy Farming, also dubbed 'Making dairy farming work for everyone', was developed with industry partners and with key input from farmers.
It guides the DairyNZ board on how to best invest dairy farmers' milksolids levy and influence government investment.
Our annual budget is now around $90 million - and as a board we think very carefully and strategically how to best invest that money on behalf of farmers.
Some of our partners, including Government and Beef + Lamb New Zealand, have reduced their contributions to co-funding research and, combined with lower production and therefore less levy income, there is even more scrutiny on our investment decisions.
- First published in InsideDairy.