Strong global demand for dairy and constrained milk supply will keep farmgate prices high, say New Zealand’s large milk processors.

Silver Fern Farms Cooperative has reported a net profit before tax of $2.4m for the 2018 financial year.

Fonterra's milk price review last week was a mixed bag, says Federated Farmers vice president Andrew Hoggard.

Summer has seen a good start to farm sales, according to the latest data from the Real Estate Institute of New Zealand (REINZ)

Sales of tractors and farm machinery hit a new record in 2018 and there are no signs of a slow down.

Sales of tractors are up 17% on this time last year and could set a record by year-end, says NZ Tractor and Machinery Association (TAMA) president John Tulloch.

Prospects for the velvet market during the 2018-19 season are expected to be reasonably stable, says Deer Industry NZ (DINZ).

Heavy metal addicts of the farm machinery kind made a pilgrimage recently to Morrinsville for distributor and retailer Power Farming’s ‘Big Night Out’.

Farm sales remain consistent, but are well below the levels seen in 2016, says the Real Estate Institute of NZ (REINZ).

The Global Dairy Trade had its eighth consecutive fall last week putting more downward pressure on Fonterra’s $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.