Agri-Business
Prices for New Zealand red meat are currently ar record levels and are forecast to stay strong in the coming year, according to a new report.
The total number of sheep in New Zealand dropped by 1% in the past year, while beef cattle numbers rose 4.4%, according to a new survey.
Almost 40,000ha of sheep and beef farms in New Zealand has been sold for conversion to forestry in the past 8 months, a new report said.
Beef
Beef and Lamb New Zealand has said that the country's climate change policies on agriculture are "out of step internationally" in keys areas.
Beef + Lamb New Zealand (B+LNZ) is forecasting profit before tax on beef and sheep farms to drop by 7.4% to an average of $45,200/farm.
Even if agriculture is stopped and all catchments restored, up to 38% of New Zealand rivers would not meet targets, a review claimed.
With the arrival of winter in New Zealand, farmers are encouraged to prepare their farms for if the weather turns bad.
The rate of on-farm inflation in New Zealand has slowed to 2.8% but farm input prices continue to put pressure on profitability.
Farm profits in New Zealand could fall by 54% this financial year to an average of NZ$62,600 (€35,282) per farm, according to a new report.
Sheep
'Sheep farmers must have a quarantine drench regime in place to further prevent the spread of triple drench resistance.'
New Zealand’s red meat export revenue is down, despite increased shipments and depreciation of the New Zealand dollar.
