Displaying items by tag: farm costs

"Absolutely breathtaking" is how well known economist Cameron Bagrie describes the current rural inflation rate of around 15%.

After 30 years’ dairying on the same Bay of Plenty farm, Donna and Corrie Smit have learnt lessons on weathering everything from devastating floods to milk price fluctuations.

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

ACT primary industries spokesperson and Whangarei dairy farmer Mark Cameron says one solution to rising prices in the supermarket is to reduce the rising production costs on farm.

DAIRY FARMERS should pay close attention to farm costs this season, says industry body DairyNZ, in response to the reduced 2014/15 forecast milk price.