Tuesday, 07 February 2023 11:55

Uncertainty prevails

Written by  Peter Burke
DairyNZ chair Jim van der Poel. DairyNZ chair Jim van der Poel.

DairyNZ chair Jim van der Poel says uncertainty in the dairy industry is causing farmers to think twice before investing big time in the sector.

He says while the banks are offering money to invest in the sector, farmers are taking quite a cautious approach.

He says this is because of several things such as the shortage of labour, government legislation and the milk price coming down.

“As a result, there is a real reluctance among farmers to borrow that extra money,” he says.

Van der Poel says that is a reflection of things at the moment, with confidence is quite low and people are worried about what the future may hold.

He says costs have gone up, the last two GDTs haven’t been positive and there is still a labour shortage. He says in the last three years farmers have had to work harder than they would have liked.

“It would appear that they are taking stock, sitting back for a while and seeing how things play out including what actions the Chris Hipkins government might take in the coming months,” he says.

More like this

Rewarding farmers who embrace sustainability

Winners of DairyNZ’s Sustainability and Stewardship awards in the Ballance Farm Environment Awards have their eyes firmly fixed on progressing a positive future for New Zealand dairy.

Herd production performance soars

New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate and lowest notin- calf rate on record.

Editorial: On the mend

OPINION: DairyNZ's latest forecast data on the Econ Tracker, that the outlook for the current season has improved, will be welcome news for farmers.

Featured

Feds make case for rural bank lending probe

Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.

National

Canada's flagrant dishonesty

Deeply cynical and completely illogical. That's how Kimberly Crewther, the executive director of DCANZ is describing the Canadian government's flagrant…

Regional leader award

Eastern Bay of Plenty farmer Rebecca O’Brien was named the 2024 Dairy Women’s Network (DWN) Regional Leader of the Year.

Machinery & Products

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…

» Latest Print Issues Online

Milking It

Substitute for cow's milk?

OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a…

Breathalyser for cows

OPINION: The Irish have come up with a novel way to measure cow belching, which is said to account for…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter