UPDATE: Â The missing headline:
Some people really are too stupid to save themselves.
Check this article from Fairfax where a poor hard done by farmer has decided to cancel Christmas in his household because the forecast payout from Fonterra is projected to be low.
Dairy farmers Liam and Louise Zander won’t be giving each other presents this Christmas after learning that Fonterra’s downward revision of the milk payout will strip hundreds of thousands of dollars from their income.
Dairy NZ figures released yesterday showed the revision from $8.40 per kg of milksolids last season down to a forecast $4.70 this season would remove $1.8 billion from the Waikato economy and hit the average dairy farmer’s income by $500,500.
“No Christmas presents for us this year,” Louise, who has two young children, said. “But that is just life as a dairy farmer.
“I will also have to look for a part-time job to help.”
Liam was more philosophical about the cut.
“You can’t really do much. You just have to keep chugging along. It’s one of those ups and downs in dairy farming.
“I try not to let it affect me too much. There’s no point dwelling over things you have no control over.”