At the season peak in November, Mr Anderson was milking 285 cows, and said he had a good season.
"Production is up 7% on last year.
We haven't had a bad season here [in South Otago]."
Where North Island dairy farmers relied heavily on all grass feed, South Otago dairy farmers had a provisional winter feed, which had helped maintain levels of production.
"We've got crops in the ground, and supplement feeds, like silage," he said.
While last year's production was down, spending tends to carry on at the same level, he said.
The payout has increased by 40c to $6.10 per kg of milk solids, but Mr Anderson said the costs involved with running the farm had also increased.
He expected the dividend would be "soaked up" by those expenses.