Dairy farmers remain mindful of the chance of more tough times ahead. 

Fonterra's confirmed a final farmgate milk price of $10.16 for the past season, with earnings of 71 cents per share. 

But its midpoint forecast for this season remains at $10. 

Federated Farmers Dairy Board Chair Karl Dean told Francesca Rudkin farmers will be paying off debt and investing back into their farms after battling several years of high on-farm costs. 

He says they all understand costs may rise again, and incomes may drop. 

LISTEN ABOVE 

Dairy farmers remain mindful of the chance of more tough times ahead.&nbsp;
Fonterra's confirmed a final farmgate milk price of $10.16 for the past season, with earnings of 71 cents per share.&nbsp;
But its midpoint forecast for this season remains at $10.&nbsp;
Federated Farmers Dairy Board Chair Karl Dean told Francesca Rudkin farmers will be paying off debt and investing back into their farms after battling several years of high on-farm costs.&nbsp;
He says they all understand costs may rise again, and incomes may drop.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Karl Dean: Federated Farmers Dairy Chair on Fonterra's profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/538faba6-ef5a-4dd1-b3b1-b363012cbc7a/transcript