A new report has found Victorian dairy farm profits in 2023–24 were above the long-term average for the fifth consecutive year.
The 2023–24 Dairy Farm Monitor is an annual survey tracking 80 dairy farm businesses across the state.
In 2023–2024, average profit was strong at $629,000 or $2.64 per kilograms of milk solids.
The varied seasonal conditions across the state for 2023-24 influenced performance and costs among the regions.

Average milk price fell slightly to $9.64 per kilogram milk solids – a