Fair prices are important in milk contracts, but more significant will be the complaint resolution procedures which processors agree to
From June 1 milk processors must publish standardised milk supply agreements to cover all circumstances in which they intend to purchase milk in 2020-21.
XCheque analyst Jon Hauser says farmgate milk opening prices will be difficult to pick as Australia won't really know the true impact of the coronavirus crisis on the local dairy industry until August.
"It is not an exaggeration to say that if we keep losing dairy farmers at this rate, we will soon be importing drinking milk in powdered form."
Dairy Australia's Cows Create Careers program is set to be delivered via an online hub this school term, giving school students the opportunity to explore diary industry careers in the virtual classroom.