Displaying items by tag: Andrew Burtt

Red meat farmers are in "a slightly better place" than they were a year ago, according to Beef+Lamb NZ chief economist Andrew Burtt.

"We thought last year was bad, but this is the highest on-farm inflation rate for sheep and beef farmers in 40 years.”

A new report from Beef + Lamb New Zealand (B+LNZ) shows that sheep and beef farmers are facing on-farm inflation levels not seen since the 1980s for the second year in a row.

While the outlook for global sheepmeat and beef trade is improving, Beef + Lamb New Zealand (B+LNZ) says it expects farmer profitability to fall sharply due to reduced livestock prices and continued high inflation.

While the forecast for global sheepmeat and beef demand is generally positive, an increase in farm expenditure and inflation could significantly reduce farmers’ margins.

Despite a positive forecast for global sheepmeat and beef demand, an increase in farm expenditure and inflation could significantly reduce farmers’ profit margins.

Afforestation continues to have a negative impact on rural communities, says Beef + Lamb New Zealand (B+LNZ).

The latest on-farm inflation rate has hit 10.2%, the highest it’s been since 1985-86 according to a recent report from Beef + Lamb NZ (B+LNZ).

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.

The forecast for global sheepmeat and beef demand is positive for the 2021-22 season supported by  solid market fundamentals, strong demand and tight supply, according to Beef + Lamb New Zealand’s (B+LNZ) New Season Outlook 2021-22.