Strong growth in farm salaries - report
A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.
MARCH ESTIMATES for New Zealand milk flows are for a double-digit percentage increase over the prior year when the drought had taken a firm grip, says Rabobank.
For the season, milk flow continues at about 6% ahead of the prior season to date despite dry conditions emerging in some regions, the bank says in its Agribusiness Monthly for Australia and New Zealand.
Globally milk supply from the main exporting nations also continues to pick up pace, says Rabobank.
"Producers in most regions are beginning to see the benefit of improved farmgate milk prices, lower purchased feed costs and mostly good climate conditions," the report says.
"Attention over the next few months will be on the strength of the Northern Hemisphere seasonal peak as it will play a key determinant in the market balance.
"Right now the global dairy commodity market remains firm and in many regions inventory levels are tight. The market continues to remain well supported by ongoing strong Chinese purchasing."
Rabobank says in New Zealand the added incentive for higher production came Fonterra increased the forecast 2013/14 milk price by NZ 35c/kgMS to $8.65/kgMS.
"Processors will now be looking to the end of season and the need to balance ongoing customer requirements through June and July when milk flows largely cease," it says.
Australian milk production is up 3.1% in the season to date, with improving seasonal conditions allowing producers to begin to make up the lost ground through the first half of the season.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.