Displaying items by tag: BNZ

Farmers should expect “something around $5.00/kgMS” when Fonterra this week announces its opening forecast for the new season.

The importance of people, and the knowledge they hold, to New Zealand's agricultural success has been highlighted in a new award for the Lincoln University Foundation's South Island Farmer of the Year competition.

The recent decline in the NZD, low interest rates, a good breaking of the drought, plus good dairy prices have left farmers in good heart at this year's national Fieldays, says BNZ chief economist Tony Alexander.

Milk production will be boosted up by at least 6% next season, but meat production will take longer to recover from the drought, the BNZ forecasts in its Rural Wrap.

BNZ has announced a package to provide immediate financial relief for affected farmers, in anticipation of the government's drought declaration being extended beyond the Northland region.