Insight for Sunday 16 August 2009
Milk: It was dubbed white gold in 2007 when dairy farmers started to see record returns from their cows.
Less than 2 years later, a slump in commodity prices has hit dairy farmers in the pocket.
Once thought to provide insulation to the New Zealand economy from the global financial crisis there are now fears parts of the sector may be going bust.
What's in store for farmers and what will be the knock-on effect for the rest of the economy?
Economics Correspondent, Nigel Stirling explores the prospects for the dairy industry and what it might look like in the post credit-crunch world.