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20 Jan 2021 6:48
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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
     16 Dec: Some good news for farmers, in the last Global Dairy Trade auction before Christmas
     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
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     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
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