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

 



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>