Bad numbers temper good
Food exports up, but at what cost to farmers?
Added 3 years ago
MPI’s latest Situation Outlook for Primary Industries, issued late last year, projects a record $55 billion in food and fibre export returns by June next year. But …
At the same time, farm expenses have also climbed dramatically: overall, up 15% Sep 2022 over 2021; fuel up 53%; fertiliser up 37%; weed and pest control up 21%; debt servicing up 34%. Meantime a year-end survey by Federated Farmers placed the average farm overdraft at $328,000 with an interest rate of 8.59%.
Join the conversation
Be the first to leave a comment.
Leave a comment
All comments are reviewed before they are published on the website. Your email address will not be published.
Fill out my online form.
Hawke’s Bay Farmer Boosts Cattle Efficiency with Auto Weigher Technology
Added 2 days ago
Atkins Ranch - Regenerative Lamb Farming Puts More Back Into Farmers’ Pockets
Added 3 days ago
Rebuilding Soil Health in Aotearoa - Woolworths NZ’s White Paper on Regenerative Agriculture
Added 5 days ago
A Comprehensive Review of the Soil Health Status for Enhancing Agricultural Sustainability
Added 2 weeks ago