The survey demonstrates a continued willingness to invest in businesses, with nearly two-thirds of respondents planning to expand in the five years, although 10 per cent of respondents said they intended to quit the industry within five years.
The survey, which was accessible on the FG website for a number of weeks, does not take into account reaction to the most recent price reductions, including First Milk’s 3ppl cut last week.
But it does suggest many within the industry are looking beyond the immediate price woes towards a brighter long-term future.
Optimism, profitability and expansion
There are some indications efforts to improve supply chain relations following the SOS dairy campaign have had an effect, but the majority still believe the situation is no better or worse. Views on the voluntary dairy Code of Practice are even more stark.
We also asked farmers to identify causes for optimism and concern.