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News
Beef mince prices test consumer tolerance
1+ hour, 31+ min ago (396+ words) Consumers are paying more for beef than ever before with the average price above $24/kg and with little prospect prices will ease. Rabobank senior animal protein analyst Jen Corkran said strong demand from the United States for trim beef has…...
Agriculture does the economic heavy lifting for small businesses
3+ week, 2+ day ago (414+ words) Strong agricultural sales through June helped propel a 8.6% year-on-year increase among small New Zealand businesses in June, according to new data from Xero. It is the strongest result in almost four years and the first quarter since December 2022 when sales…...
Rising returns put farmers back in the black with banks
1+ mon, 5+ day ago (436+ words) Many farmers are taking advantage of strong returns for meat and milk to pay down debt, the latest Federated Farmers Banking Survey and Reserve Bank of New Zealand (RBNZ) data shows. Reserve Bank data that shows total agricultural lending dropped…...
Farmers tackling debt, Reserve Bank data shows
1+ mon, 1+ week ago (567+ words) New data from the Reserve Bank of New Zealand and Federated Farmers shows farmers are paying off debt thanks to the strong returns for meat and dairy. Reserve Bank data that shows total agricultural lending dropped $1.4 billion to $61.2bn in the…...
Reserve Bank must go further on capital rules: English
1+ mon, 2+ week ago (415+ words) A former prime minister says the recent backdown by the Reserve Bank on bank capital rules doesn’t go far enough to unleash the full potential of the primary sector. Bill English told Farmers Weekly that ready access to credit is…...
The reason meat co-operatives have failed
1+ mon, 2+ week ago (776+ words) The ownership of New Zealand meat companies has changed dramatically over the past quarter-century. The previous 25 years also experienced substantial change, but that period was characterised more by a series of company collapses due to the massive change in farming,…...
Interest rate cuts help to flatten on-farm inflation
1+ mon, 3+ week ago (324+ words) Annual on-farm inflation to the end of March was flat on sheep and beef farms for a second successive year. The Beef + Lamb New Zealand’s latest Sheep and Beef On-farm Inflation report shows the on-farm inflation rate was -0.9% in the…...
Lean beef the path to profit on hill country farms
2+ mon, 3+ day ago (761+ words) Visiting overseas markets where New Zealand beef is sold led Dani Darke to an epiphany of how red meat can be more profitable on hill country farms. The solution, she says, is leveraging lean, low-carbon dairy beef and virtual fencing....
Years of debt repayment paying off for farmers
2+ mon, 1+ week ago (584+ words) A decade’s fiscal discipline and solid debt repayments have put farmers in a good position to seek out new technologies and energy options at this year’s Mystery Creek Fieldays. Balance sheets are in better shape than a decade ago thanks…...
NZ premiums hold line through Aus volume shifts
2+ mon, 3+ week ago (351+ words) No matter how different the New Zealand and Australian red meat sectors become, keeping a close eye on changes in Australia is one of our best bets to avoid risk and capitalise on opportunities presented to us in the market....