Greenpeace have shown they are nothing but an anti-farming lobby group by criticising Fonterra’s new on-farm emissions targets, says Federated Farmers President Wayne Langford. “Yesterday Fonterra announced that they plan […]
Dairy
Economic Week – October 13
by Nick Clark, National Manager General Policy Fonterra lifts milk price forecast Fonterra has raised its 2023/24 forecast farmgate milk price range to $6.50-$8.00 per kgMS (up from $6.00-$7.50), with […]
Economic Week – October 6
by Nick Clark, National Manager General Policy OCR unchanged The Reserve Bank kept the Official Cash Rate unchanged at 5.50% at this week’s review. This was universally expected. In its […]
Karl Dean: Feds role is as voice for common sense
We continue our quick profiles of new provincial presidents. Karl Dean took on the top job at North Canterbury at the AGM earlier this year. What is your farming background? […]
Economic Week – August 25
by Nick Clark, National Manager General Policy Fonterra’s cut in forecast milk price Last Friday, just two weeks after revising down its milk price forecast for the season, Fonterra made […]
Tough times ahead for Kiwi dairy farmers
Another drop in Fonterra’s forecast Farmgate Milk Price will be a bitter pill to swallow for farmers who are already under significant pressure, says Federated Farmers Dairy Chair Richard McIntyre. […]
Economic Week – 18 August
by Nick Clark, National Manager General Policy (Note: Nick finalised this economic commentary prior to today’s surprise further cut in Fonterra’s forecast farmgate milk price.) OCR unchanged The Reserve Bank […]
Economic Week – August 11
Farm Confidence Survey The results are out from the July 2023 Farm Confidence Survey. They were terrible with a further slump in confidence from January 2023 when it had been […]
Economic Week – August 4
by Nick Clark, National Manager General Policy Ag debt climbs Agricultural sector lending increased in June, according to the Reserve Bank’s monthly Sector Lending Statistics. After increasing by $406 million […]
Economic Week – 21 July
by Nick Clark, National Manager General Policy Sticky inflation The annual rate of inflation slipped back to 6.0% in the June 2023 quarter, measured by Statistics NZ’s Consumer Price Index. […]
