New Zealand: Flood of Aussie lamb bites into Kiwi on-farm profitability

게시됨 2024년 4월 8일

Tridge 요약

New Zealand's lamb and sheep meat producers are experiencing their lowest farm profits in nearly two decades, attributed to low returns, significant increases in input costs, and rising interest rates. The industry, represented by Beef and Lamb NZ, is facing challenges due to reduced demand from a sluggish Chinese economy and an oversupply of Australian lamb. Despite a good lamb crop in spring 2023, the increased numbers have not offset the low prices, pushing farmers towards diversification strategies. The article also explores the agricultural operations at Jericho, which is adapting to the economic conditions by managing its resources efficiently and focusing on diversified farming practices, including dairy, to maintain profitability amidst fluctuating market prices for lamb, beef, and milk.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Low returns for lamb and sheep coupled with significant hikes in input costs and ever-rising interest rates means Kiwi meat producers are facing the lowest farm profits in close to two decades. The New Zealand industry's research and development body, Beef and Lamb NZ, says the expected profitability for this financial year will be broadly similar to the 1980s, adjusting for inflation. It's mid-season update paints an outlook that has worsened from six months ago. While the sluggish Chinese economy is probably the biggest driver pushing Kiwi sheep meat prices south, Australian lamb flooding the market because producers here sold in big numbers ahead of an El Nino prediction that did not eventuate has also played a big role. An excellent lamb crop in spring 2023 will see bigger numbers of lambs to sell, but while more lambs to sell is helpful it doesn't offset the low prices, Kiwi producers say. For farmers like Dean and Sarah Rabbidge and Ed Pinckney and Harriet Bremner-Pinckney, ...

출처: Farmweekly