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

 


Farm Expenses Fall 0.4 Percent


Farm Expenses Fall 0.4 Percent

Farm input prices including livestock fell 0.4 percent in the September 2003 quarter, according to Statistics New Zealand. This is the third consecutive quarterly fall in the Farm Expenses Price Index (FEPI), and follows on from a sustained period of quarterly increases from the June 1999 quarter to the December 2002 quarter. In the year to the September 2003 quarter, the FEPI recorded a 2.6 percent fall.

The most significant contribution to the fall in the FEPI came from a 3.9 percent fall in the index for interest rates, a result of competitive market rates. A 2.5 percent fall in the index for livestock purchases in the September 2003 quarter – reflecting lower prices for cattle, deer and sheep – also contributed to the fall in the FEPI.

Partly offsetting these falls in the September 2003 quarter was a 1.6 percent increase in the index for administration, which was mainly driven by higher labour costs. Other significant upward movements came from the indexes for rent and hire, up 2.5 percent, and the repairs, maintenance and motor vehicles index, which rose 0.6 percent.

Brian Pink

Government Statistician

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news