Rabobank cuts loan rate
Rabobank New Zealand will reduce the variable base rate on its rural loans by 0.5%, effective from 16 October 2024.
Tools such as Farm IQ and other farming data collection tools are increasingly important to sheep producers, Blake Holgate believes.
“We can use that information to understand our system better, understand how we are producing our lambs and then we are able to manipulate it accordingly,” the Rabobank analyst told Rural News.
He says once farmers get more understanding of, for example, particular generic traits or productions systems they can start to tinker with it at that level.
Holgate believes a key take-out of the report is that farmers have started on this journey, but more investment and focus on adding value is required.
Three points are important to positioning NZ lamb as a premium high quality protein. It starts with having a consistent, high quality product.
“We can’t take for granted the quality of products; we must ensure we give consumers a high quality eating experience,” Holgate explains.
“But on top of that, if you want a premium high-value product you must also give consumers the story behind it. They want to know how and when it was produced [and what contributed to its] sustainable, ethical production.
“The grass-fed story will be an important aspect of that. Some attributes of 100% grass-fed tick some boxes for consumers so we must make them aware of that.
“But we must also have strong, robust traceability programmes and accreditation schemes so we become a trusted supplier to consumers overseas, so that what we say they believe and see as credible.”
Holgate says we can no longer rely on the good, longstanding reputation of NZ lamb.
“Competition is greater globally, both from other lamb producers starting to do this storytelling themselves, and with the rise and greater worldwide availability of low cost proteins like poultry or pork.
“There is also a pending threat of synthetic proteins and their messaging about traditional livestock production – the ethical and environmental sustainability aspects. We need to start countering that with positive messaging and correcting some of those stories.”
He says lamb sits well in targeting premium consumers because it is a reasonably scarce protein worldwide.
“If you tried to do the same with chicken it would be a lot harder; we are able to differentiate and articulate a premium story about lamb and we can do that because of the scarcity.
“It probably feeds well into the greenhouse gases story about a low carbon footprint.”
Also, health and the 100% grass-fed message sits well with its perceived benefits.
“Our processors over the last five years have done good work starting to develop these value-added lines in products and are doing more consumer research.”
Much outlined in the Rabobank report is a continuation or extension of work already underway, Holgate says.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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