"It was the best of times, it was the worst of times". While more than 160 years have passed since Charles Dickens first published his novel "A Tale of Two Cities", these words still ring true. It has been a tumultuous start to the 2020s, with bushfires, a pandemic, floods and war.For Australia's dairy farmers, this period has coincided with some of the most profitable years in recent times. Strong farm-gate milk prices combined with more favourable operating conditions has helped restore many balance sheets and improve farmers' confidence in the industry. While Australia's dairy industry has managed to navigate past the worse shocks so far, increasingly volatile global markets are starting to take effect, with rising cost pressures throughout the supply chain.
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