by Nick Clark, Federated Farmers Manager General Policy Fonterra lifts payout forecast Fonterra has lifted its farmgate milk price forecast for the current 2020/21 season to a range of $7.30-$7.90 per kgMS with a midpoint of $7.60. This is up from its previous range of $6.90-$7.50 and midpoint of $7.20. Fonterra said its milk price […]
economics
GDT surges, commodities up, exports down
by Nick Clark, Federated Farmers Manager General Policy GDT surges Dairy prices leapt at this week’s Global Dairy Trade auction, up a whopping 15.0% at this week’s auction. Whole milk powder, by far the biggest commodity by volume, led the way in jumping 21.0% compared to a fortnight ago. Almost all the other commodities also […]
Economic Week – February 19
by Nick Clark, Federated Farmers Manager General Policy Seven in a row Continued strong demand from China saw dairy prices increase again in this week’s Global Dairy Trade auction. The GDT Price Index was up 3.0% compared to the previous auction a fortnight ago. All six commodities on offer increased in price, led by whole […]
Economic Week – February 12
by Nick Clark, Manager General Policy, Federated Farmers of NZ Budget 2021 The Government this week released Budget Policy Statement 2021 for the upcoming Budget. Last year’s Budget was focused mainly on the immediate need to keep New Zealand safe from COVID-19 and combatting the economic fallout. While continuing this work, Budget 2021 will move […]
Economic Week – February 5
A round-up of the week’s economic news by Nick Clark, Federated Farmers Manager General Policy Farmer confidence bounces back The results are out from Federated Farmers’ latest six-monthly Farm Confidence Survey. The survey showed a strong recovery in farmer confidence, albeit off a low base, returning it to levels of a year ago. Key points […]
Feds survey shows farmer confidence has bounced back
Farmer confidence has bounced back to where it was pre-Covid19 but attracting and retaining staff remains a headache, the latest Federated Farmers Farm Confidence Survey shows. Of the nearly 1,100 farmers who completed the Research First survey in the second week of January, a net 5.5% considered current economic conditions to be good. That’s a […]