Bad numbers temper good
Food exports up, but at what cost to farmers?
Added 2 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 Your email address will not be published.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.
Good Things Start on the Farm - High Peak Station: Pioneering Sustainability and Adventure
Added 3 days ago
AI-Powered Innovation Helps Farmers Combat Rising Drench Resistance in Livestock
Added 6 days ago
