PM Jacinda Ardern may have many talents, but an understanding of business is clearly not one of them.
Farmed deer numbers, including breeding hinds and fawns, increased in 2018, says Statistics New Zealand.
Prospects for the velvet market during the 2018-19 season are expected to be reasonably stable, says Deer Industry NZ (DINZ).
The new deer velvet season has opened strongly, with farmers reporting early enquiry from buyers at prices 10-15% above last season’s close.
Venison is hitting a ‘sweet spot’ of better prices, wider markets and reduced seasonality in prices, claims the industry.
Sales of New Zealand chilled venison are growing, boosting returns to New Zealand deer farmers, even though overall venison production is down.
As Autumn days shorten, many deer farmers are paying special attention to their rising two-year-old (R2) hinds – the first fawners.