After a multi-year drought, the outlook for dairy trusts has been turning with the downpour starting to outweigh record low prices at the farmgate.
But as with every industry, costs are also rising to make extra litres of milk. That will make the lofty return goals of Prime Value Asset Management’s Elizabeth Blackhurst and Kirsti Keightley even more challenging to achieve. Nonetheless, both are confident that the tailwinds will outlast the costs associated with labour, supply chains, and the ESG transition.
