An increase in livestock prices was the main
contributing factor to the 1.5 per cent rise in the Farm
Expenses Price Index for the June 2000 quarter. This has
resulted in a 4.6 per cent increase for the year in the all
farms inputs index, said Deputy Government Statistician Ian
Ewing.
Livestock prices rose 4.3 per cent in the June
2000 quarter, with prices increasing for cattle, sheep and
lambs, and deer. A shortage of stock is putting upward
pressure on livestock prices. This is the fifth consecutive
quarter that livestock prices have increased, however,
livestock prices are below the high recorded for the March
1994 quarter.
Increases in interest rates and fuel prices
also contributed significantly to the overall increase in
farm expenses.
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