The Situation & Outlook report provides a clear, timely picture of what is happening in the Australian dairy industry and expectations for the future. The report is produced by Dairy Australia, with support from industry organizations -an example of collective industry activity. The report draws on results of the fifth National Dairy Farmer Survey, along with the views and opinions of global dairy market analysts, retail analysts, dairy company management, farm consultants and farm leaders. As well as informing farmers, the report aims to provide factual insights into dairy for banks, governments, regional communities, and suppliers of products and services to the dairy industry. The Situation & Outlook report is part of ongoing activity to build a comprehensive knowledge base on the Australian dairy industry, its operating environment and the factors affecting its future.