A number of Australian farmers are celebrating following the recent decision from dairy co-operative Norco milk to increase its payments to suppliers.
The price hike will result in farmers now snaring 77 cents per litre of milk until June 30 this year, a rise of two cents.
It equates to $2million in additional revenue from Norco to over 300 of its members across northern New South Wales and southern Queensland.
Norco chief executive officer Michael Hampson said the increase would be welcome news, especially for those farmers who have endured drought conditions in recent years.
In good news for farmers across Australia Norco milk (pictured above) has increased its payments to suppliers