
Michael James and Rose Charnley, neither with a farming background, now milk 162 Holstein Friesians on a 134ha farm at Blacknuck Farm in Pembrokeshire. They built capital by renting land and rearing calves while keeping full-time jobs, then signed a 10-year farm business tenancy in July 2025.
The article is a profile of their route into dairy.
It is a farm-level profile with no new supply shock, so it has little direct effect on feed demand or dairy prices.
After 669 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.8% to +0.5%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.