Another crack to increase B+LNZ director fees
Beef + Lamb New Zealand (B+LNZ) is having another crack at increasing the fees of its chair and board members.
Global uncertainty caused by Covid and related disruption to supply chains, as well as a global shortage of labour, are cited as contributing factors to a forecast drop in NZ red meat export returns.
That's the crux of Beef+Lamb NZ's (B+LNZ) new season outlook report, which was published last week.
Chief economist Andrew Burtt says receipts from red meat exports will be about $8 billion, slightly down on 2020-21.
While lamb export receipts are forecast to increase by 2.2% to $3.6 billion on 2020-21, beef and veal export receipts are forecast to decline by 7% to $3.9 billion, driven by a decline in production and the adverse impact of the high NZ dollar on export values.
However, Burtt says the overall outlook is positive, with the fundamentals in key markets seen as solid. He says there is strong demand and tight supply, meaning prices in export markets are forecast to lift for both sheepmeat and beef.
On farm, the lamb crop this season is expected to be 22.8 million - up point 9% on last year, reflecting an increase in ewe and hogget lambing percentages. On the beef side, export production is forecast to be down by 5%.
According to the report, farmer confidence is mixed. While on-farm profitability is positive, resilience is being tested by the volatility of adverse weather events and the extent of environmental regulation.
A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.
Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.
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The 2024-25 season apple harvest has “well and truly exceeded expectations”, says Apples and Pears NZ chief executive Karen Morrish.
Through collaborative efforts with exhibitors, visitors, and industry partners, Fieldays says it is reaffirming its commitment to environmental responsibility with new initiatives for 2025.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
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