Wednesday, 31 July 2024 07:55

Better days ahead

Written by  Peter Burke
MPI director-general Ray Smith say recovery for the red meat sector will take approximately two years. MPI director-general Ray Smith say recovery for the red meat sector will take approximately two years.

MPI director-general Ray Smith acknowledges the tough times that sheep and beef farmers are going through in terms of loss of profitability and says he's been to many of the regions hammered by weather events. He describes the situation as heartbreaking.

"But I want them to hang on to is the fact that all the indicators are that we will return to a positive position," he says.

Smith says recovery for the red meat sector will take about two years, but the worst is over and prices are starting to come back. But he believes when they do come back, they will not be at the same high level as they were.

He says there are many positive things going on for the red meat sector. He notes NZ protein is still sought after by the growing middle classes in our markets and believes that because of our farming systems, climate change will have less impact on our farmers than our competitors.

"Our production system is highly efficient it doesn't rely on a whole lot of imported feed or other grown feed, and I think that will give us an advantage over the countries that we compete with," he says.

More like this

Dairy earnings bounce back

"We at Ministry for Primary Industries (MPI) and you at Dairy News said over six months ago that the dairy industry would bounce back, and it has done so with interest.”

China still a good option

The ongoing rise of the Chinese middle class will drag up demand for New Zealand products there in the future.

Maori ag sector 'one to watch'

The Māori agriculture sector is experiencing major growth and the Director General of Ministry for Primary Industries Ray Smith says it's an area to watch with its value trebling in the past decade.

Featured

Low interest sustainability lending from Halter, banks

Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.

National

Machinery & Products

Loosening soil without fuss

Distributed in New Zealand by Carrfields, Grange Farm Machinery is based in the Holderness region of East Yorkshire – an…

JCB unveils new models

The first of the UK’s agricultural trade shows was recently held at the NEC Centre in Birmingham.

» Latest Print Issues Online

The Hound

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers…

Hallelujah moment

OPINION: The new Public Service Commissioner Sir Brian Roche has just had the hallelujah moment of the 21st century in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter