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15 Jun 2021 7:23
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  •   Home > News > Rural

    A challenging year ahead for beef and sheep farmers

    A challenging year ahead for beef and sheep farmers


    Beef and Lamb New Zealand's New Season Outlook is predicting an overall decline in sheepmeat and beef export receipts in the next year.

    Chief insights officer Jeremy Baker says they're expecting a decline of around 15 per cent in lamb exports and about nine per cent in beef and veal revenue.

    He says that will feed through to a reduction in on farm profit of around 26 per cent.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
     07 Apr: Fonterra's Global Dairy Trade auction has recorded a slight rise in prices overnight
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