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

 


Bigger Payout Means More Will Shop At Field Days

Bigger Payout Means More Visitors Will Head To Field Days To Shop – President


A higher dairy payout means more farmers will be spending more money at the 2013 Northland Field Days in February according to Northland Field Days president Lew Duggan.

Fonterra lifted payout predictions for the end of this season from $5.25kg/MS to $5.50kg/MS also increasing 2012-2013 season to $5.90-$6.

While he says many farmers will be keen to pay down debt that extra cash should also flow through to more spending at the Northland Field Days February 21-23.

“Farmers tend to save up big purchases for the field days to take advantage of time and money saving opportunities at the event,” says Duggan “2013 should definitely reflect that with the higher payout.”

An Enterprise Northland commissioned AUT Economic Impact Study discovered that in 2008 1250 people surveyed specifically went to the field days to buy something with spending averaging out at $738 per visitor including food and accommodation.

Duggan attributes this to specials offered up at the event and the ability to talk to a lot of retailers at the same time.

“How many other times are there in the year when a farmer will have all the dealers in one small place?” asks Duggan. “It's a huge time saving opportunity and to make matters better most dealers save up some of their best specials for this time.”

Oakleigh dairy farmer Murray Byles has been going to the Northland Field Days for the past 20 years because of the savings available and the proximity of dealers."Dealers generally offer Field Days specials out there so if I'm going to buy anything I'll do it then," says Byles. "And it's in the second half of the season when you generally know where your finances are at. Byles usually goes with something in mind, in 2011 it was a quad causmag grass seed spreader."I was able to go round everybody who had spreaders and get prices," says Byles. "If it were any other time it would have taken a couple of days but they're all there."

The Northland Field Days will be held from February 21-23 in Dargaville, two and a half hours North of Auckland. For more information call Meagan on 09 439 8998, email info@northlandfielddays.co.nz or visit the website http://www.northlandfielddays.co.nz

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news