Dairy farmer profits to hit record levels in 2025
The profitability of dairy farmers is likely to increase in the coming year, accordign to the latest report by the Ministry for Primary Industries (MPI) on the outlook for the primary sector.
A lift in meat and dairy manufacturing helped increase total manufacturing sales in the June 2016 quarter, Statistics New Zealand says.
After adjusting for seasonal effects, the volume of total manufacturing sales rose 2.8% in the June 2016 quarter, with meat and dairy product manufacturing volumes rising 8.6%.
"This quarter's large rise in meat and dairy manufacturing sales followed a sizeable fall in the March 2016 quarter," business indicators manager Tehseen Islam says.
"Despite some large movements in recent quarters, the sales volumes for meat and dairy have increased just slightly from where they were in early 2014," Islam says. "This contrasts with the sales values, which have dropped significantly since then, mainly due to falling dairy prices."
Dairy manufacturing prices were 33% lower in the June 2016 quarter than in the March 2014 quarter, while meat manufacturing prices were 4.2% higher.
The trend for the meat and dairy product manufacturing sales value (which includes price effects) has fallen 20% since a series high in the March 2014 quarter, while the volume trend has risen 3.2% over the same period.
Outside meat and dairy, the sales volume rose in most other manufacturing industries in the June 2016 quarter, with notable rises in industries supplying products to the construction sector. Petroleum and coal product manufacturing had the largest fall in the latest quarter, following large rises in the previous two quarters.
The sales volume for total manufacturing excluding meat and dairy was up 1.4% in the June 2016 quarter.
Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.