Editorial: Farm salaries get a boost
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
China's slower than expected recovery from Covid-19 and an oversupply of Australian sheep meat is causing problems for NZ sheep farmers.
Rabobank’s senior agricultural analyst Emma Higgins says there is more pain to come before things start to settle down.
“The sheepmeat price schedule has come below the bottom of the five year price range, so it’s a bit more tricky there with some really tough market settings in the coming months.”
“They have had good lambing percentages and are now being warned about a possible dry summer.”
On the flip side, Higgins says there is some good news on the beef front with some stabilisation coming through in terms of farm gates prices in NZ. “In the last month these have started to track upwards due to the price of beef lean trimmings starting to lift in export markets.”
She adds that with milk production in NZ declining, it should mean that the schedule price will follow the normal season trend in the coming months.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
A seminar on rural dispute resolution has been organised at Lincoln University, Christchurch this month.
The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial Awards were announced at the recent National Rural Health Conference.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.