Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Farm Expenses Price Index: December 1999 quarter

. Farm Expenses Price Index: December 1999 quarter

Livestock Prices Influence Rise in Farm Input Prices Farm input prices (expenses) increased 1.2 per cent in the December 1999 quarter. This is the largest quarterly increase recorded since the September 1996 quarter, Deputy Government Statistician Ian Ewing said today when releasing the Farm Expenses Price Index.

A 3.8 per cent increase in livestock prices was the main cause of the increase. Livestock was in greater demand over the December 1999 quarter, due to farmers restocking after the drought and an increase in meat export demand. The lower New Zealand dollar has contributed to improved returns for exporters of New Zealand meat products.

The next most significant contributor was a 2.3 per cent rise in interest rates, following five consecutive quarters of declining interest rates.

The continued increase in fuel prices also contributed to the overall rise in farm prices, while a fall in fertiliser, lime and seeds prices was the main offsetter to the overall rise in farm prices.

Ian Ewing Deputy Government Statistician END


© Scoop Media

Business Headlines | Sci-Tech Headlines


Fish & Game Support: Canterbury Officer Of Health Warns On Nitrates In Water

"Nitrate testing of 114 drinking water samples from across the Canterbury plains showed that more than half of them were above the level considered safe in the world's largest ever study on the impacts of nitrates in drinking water." More>>


Partnerships Investment Round: Government Invests In Cancer Research, Pines, Ryegrass

The Government will invest $14.4 million into transformative new scientific research programmes including cutting-edge cancer treatment and vertical farming, Research, Science and Innovation Minister Megan Woods announced today. More>>


Stats: Net Migration Remains High

“Since late 2014, annual net migration has ranged between 48,000 and 64,000,” population indicators manager Tehseen Islam said. “The only previous time net migration was at these levels was for a short period in the early 2000s.” More>>


Retail: Costco To Open First NZ Store At Westgate In Auckland

American multi-national discount store operator Costco Wholesale is planning to open its first New Zealand store at the Westgate shopping centre in Auckland’s north-west. More>>


RNZ Report: Fungal Disease Claims Life Of Seventh Kākāpō

A seventh kākāpō being treated for the respiratory disease aspergillosis has died. Nora 1-A was just over 100 days old and was the sickest of the kākāpō being treated at the New Zealand Centre Conservation Medicine at Auckland Zoo. More>>