New Zealand's sheep flocks unlikely to recover to pre-drought levels

Published 2024년 8월 23일

Tridge summary

New Zealand's sheep industry is facing significant challenges, with the sheep flock not expected to recover to pre-drought levels due to drought and land use conversion into forestry. Beef + Lamb New Zealand's (B+LNZ) annual Stock Number Survey shows a notable decline in both sheep and cattle numbers as of 30 June 2024. The drought has led to farmers destocking, impacting lamb production, and causing a anticipated decrease in the lamb crop. While sheep numbers may not fully recover, beef cattle numbers may do so more quickly due to strong beef prices and farmers switching from sheep to cattle. The declining stock numbers have far-reaching economic and social implications.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

NEW Zealand’s sheep flock is not expected to recover to its level before drought in key livestock regions added to the flock and cattle herd declines from land use conversion into forestry, according to Beef + Lamb New Zealand. B+LNZ has released its annual Stock Number Survey, showing a notable decline in both sheep and cattle numbers as of 30 June 2024. The NZ farmer-owned, industry organisation said flock and herd reductions follow significant decreases in the past couple of years. While the primary driver in previous years has been land-use change as a result of the conversion of sheep and beef farms into forestry, this year’s primary driver was drought in key sheep and beef regions, Beef + Lamb NZ said. Drought has led to farmers needing to destock, impacting the outlook for lamb production for the coming season. Sheep numbers are estimated to have decreased by 4.3 percent, down to 23.31 million, with breeding ewe numbers falling by 2.9pc and trading sheep stock numbers fell ...
Source: Sheepcentral

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