GDT results have taken a sharp dive - down 4.3 per cent.

Whole milk powder - which more or less dictates Fonterra's farmgate milk price - is down 8 per cent.

It's all painting a fairly bleak outlook for farmers..

Wayne Langford, Federated Farmers National president, joined Early Edition to discuss the impact of the figures.

LISTEN ABOVE

GDT results have taken a sharp dive - down 4.3 per cent.
Whole milk powder - which more or less dictates Fonterra's farmgate milk price - is down 8 per cent.
It's all painting a fairly bleak outlook for farmers..
Wayne Langford, Federated Farmers National president, joined Early Edition to discuss the impact of the figures.
LISTEN ABOVE

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.