Fonterra is expected to announce its opening milk price forecast for 2017-18 next week and economists are picking a conservative figure in the low-$6 range.
A farm-gate milk price based on a shorter duration would help align New Zealand supply sooner with global market prices, reducing volatility, ASB senior rural economist Nathan Penny believes.
Staying in a youth hostel in Switzerland 12 years ago, Bevan and Bridget Newlands were dreaming of ways they could return to Omahau Hill Station, near Twizel.