DairyNZ to Increase Milksolids Levy After 16 Years

DairyNZ, the industry body representing New Zealand dairy farmers, will raise its milksolids levy for the first time since 2009. The rate, which has remained at 3.6 cents per kilogram of milksolids for 16 years, will increase to 4.5 cents starting June 1, marking the beginning of the new dairy season. DairyNZ Ltd (Ticker: DAIRYNZ) confirmed the new levy will be fixed for at least three years. This decision follows an extensive consultation process involving over 1,500 formal submissions from farmers. The levy is governed under the Commodity Levies (Milksolids) Order and is subject to a vote every six years—the most recent being in 2020. The levy contributes to research, biosecurity, and farmer support services. The increase reflects the rising cost of delivering these programmes and the need to maintain industry resilience and innovation.

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