Karl Dean: Federated Farmers Dairy Chair on Fonterra's profit

Dairy farmers remain mindful of the chance of more tough times ahead.  Fonterra's confirmed a final farmgate milk price of $10.16 for the past season, with earnings of 71 cents per share.  But its midpoint forecast for this season remains at $10.  Federated Farmers Dairy Board Chair Karl Dean told Francesca Rudkin farmers will be paying off debt and investing back into their farms after battling several years of high on-farm costs.  He says they all understand costs may rise again, and incomes may drop.  LISTEN ABOVE See omnystudio.com/listener for privacy information.