Dairy farmers received an average of €2017 more in milk money in 75.000, an increase of 30% compared to 2016. The yield from the sale of livestock also increased as a result of the phosphate reduction scheme. This is apparent from ABN Amro's 2017 liquidity monitor.
Dairy farmers in the Netherlands saw their cash position rise significantly last year. According to ABN Amro, the amount in the current account increased by an average of €2.000 per month. The yields from milk and cattle also rose sharply. On average, dairy farmers received €75.000 more per year in milk money and €18.700 from yield (minus purchase) of livestock. That is €5.000 more than in 2016.
final sprint
At the end of 2017, an average dairy farm had nearly €5.000 in current account. That is more than €6.000 more than in the last quarter and more than €24.000 more than in 2016. The yield per dairy cow is €240 more than last year. The fact that the money level was so high at the end of the year also has to do with the payment of the payment entitlements by the Netherlands Enterprise Agency.
High yields per hectare
An additional advantage is that the hectare yields for maize and grass were high in 2017, as were the feed values. As a result, less maize was purchased by dairy farmers in the fourth quarter of 2017 than usual.
Despite the high cash position, the bank warns dairy farmers who have not managed to build up a financial buffer. ABN Amro emphasizes that there are major differences in the financial situation of dairy farmers.
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