Federated Farmers hails rural banking report
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
"It’s clear there are still locally-grown quality stock feed solutions available to farmers in regions hit by drought," Federated Farmers Arable chairperson Karen Williams says.
MPI’s just-released Situation Outlook Primary Industries (SOPI) report forecasts that arable production and export for the year ended June 2020 should see revenue increase by 10% to $260 million.
As well as a strong harvest, increased export volumes of clover seed to Europe and the UK, and vegetable seeds to Europe, Australia and the USA, are driving the lift in value.
"The overall harvest and quality of grain has been positive across New Zealand, despite hail that swept through Canterbury in November, and extensive flooding in Southland in early February," Williams said.
"Farmers had a good run at harvest with warm and dry weather in January and February but the variable weather of March has the potential to hold up harvest of later sown crops."
The next Arable Industry Marketing Initiative survey is due to be undertaken at the beginning of April, with results available at the start of May. These results will provide a more detailed illustration of harvest 2020 yields, sales and autumn planting intentions and will provide vital information on what is available domestically.
Straw, hay and grain is available to be transported where it is needed.
"Feds encourages farmers to work collectively within their own region to source bulk feed options. This approach could enable them to broker better transport deals."
