A few months ago I wrote a blog titled Fonterra GMP scheme – should I or shouldn’t I In that blog I concluded that I would likely not take up the June 2015 GMP offer because all indications are that the 2015/16 season would start with a soft opening milk...Recent international auction prices indicate a dairy pay out below $5.00 per kg of Milk Solid due to the trifecta – high exchange rates, high supply and low demand. The exchange rate needs no explanation. Maybe the current highs are the new norm? Russian sanctions...The average Dairy Farmer should be able to save $20,000 in tax over two years by utilising the Income Equalisation Deposit Scheme as a result of the Fonterra Farmgate Milk Price falling from $8.40 for the 2013/14 Season to a forecast of $5.30 for the 2014/15 Season. ...In a market of declining international milk powder prices the Fonterra GMP scheme has been under-subscribed for two times in a row. In fact only 180 farmers took advantage of the latest offer. Go figure! The irony is that Fonterra’s June 2013 offer for the 2013/14... 