New pasture guide launched to support farmers in a changing climate
A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in New Zealand.
The Vineyard Monitoring Report for Marlborough, produced by the Ministry for Primary Industries and NZW, uses financial data from 50 vineyards to create a representative model that tracks trends in revenue, expenses and profitability.
The vineyard model's economic vineyard surplus in 2023/24 was $4,755 per producing hectare, which is slightly higher than 2020/21, but the second lowest operating profit for the model since 2011/12.
Morale amongst the survey group was lower than in the past two seasons, influenced by a low yield year, a reduction in grape prices and increased costs, according to the report summary.
"The high wine stock levels carried over from the 2023 vintage was of concern to many."
mpi.govt.nz/dmsdocument/65616/direct
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