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

 

Farmer Morale High After Record Lamb & Beef Prices

18 July 2001


Farmer morale is very high after a season of record prices for lambs and beef. Profitability levels for 2000/2001 exceeded earlier farmer expectations, with the best farms achieving 10 percent return or better on opening total farm capital.

Lamb returns were up approximately $14/hd and cattle to the works were up about $100/hd.

This is according to the Ministry of Agriculture and Forestry Sheep and Beef Farm Monitoring Report released today.

Farm monitoring is a process whereby MAF monitors the production, finance, trends, issues and sectors concerns in New Zealand farms. The expectations of farmers and those servicing the sector are analysed and presented as a model farm. The report highlights the 2000/2001 seasons and forecasts the 2001/2002 season. The views reflect those of the sector, and not necessarily those of MAF.

There are nine farm monitoring reports this year. Five of these are sector specific (deer, sheep and beef, dairying, arable, and horticulture. Four are regional (South, Central South, North and North Central).

Seasonally 2000/2001 was marked by a late summer/autumn drought in nearly all of the South Island, except the West Coast, and in southern parts of Taranaki and Wairarapa.

A widespread late drought affected most of the South Island and southern parts of the North Island. This cause significant de-stocking, especially in Marlborough, Canterbury and North Otago. Winter feed supplies for remaining stock was limited and expensive.

Farmers hit by the drought will have to restock, and this will lead to lower stock kill in the next financial year.

Monitored farms show a sharp improvement in profitability over recent years. The mix of farms used in the survey has changed and direct comparisons are impossible. However, the trend is for significantly increased cash farm surpluses. Many of the model farms became bigger over the last five years, and cash farm surpluses per hectare are also up. Most farm values have increased significantly over the year.

Farmers report increasingly using new combinations of sheep breeds, with East Friesian and Finn being popular. Composite rams are also being used more.

Much lower rabbit populations have led to sharply improved production figures, particularly on Merino farms. Other dry hill farms have also benefited.

Farmers anticipating the much better farm gate production and returns spent more on repairs, maintenance and fertiliser. They also reduced bank overdrafts and term debts. More capital items such as ATVs, tractors and cars were purchased.

MAF Farm Monitoring Reports can be found on the MAF website at www.maf.govt.nz

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: