DAIRY farmers have welcomed Fonterras 40 cent increase in its payout forecast for this season, but say the benefits have been offset by the effects of a tough season.
Fonterra yesterday announced a new record forecast of $7.30 per kilo of milk solids, which would see Fonterra farmers receive an average payout of $800,000.
Rangitikei farmer Jane Nugent-OLeary said the payout increase had turned a potentially disastrous year into an average year.
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