New Delhi, Dec. 13 -- Dairy farmers will be told what they will be paid over the life of their contracts under a new code of conduct.
Federal Agriculture Minister Bridget McKenzie has stopped short of ordering a floor price for milk, but hopes the code will provide farmers greater certainty and bargaining power.
The code also prohibits retrospective price "step downs" by processors, and bans exclusive supply arrangements deemed detrimental to dairy farmers.
"We know right now in Queensland there are dairy farmers being pushed into five year contracts and not knowing what the price of their product will be at the end," Senator McKenzie said on Friday.
"That is unacceptable."
The code establishes dispute resolution processes, increases t...