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ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.
ASB HAS revised down it milk price forecast for the 2014/15 season for the second time in less than a month to $5.80/kg of milk solids.
With 11 of the last 12 dairy auctions have recorded price falls, the sheer magnitude of the falls is bringing other factors in to play, according to the latest ASB Farmshed Economics Report.
"With dairy prices down by 37% on a year ago, the NZD has finally come under some pressure" says Nathan Penny, ASB rural economist.
"The NZD has passed its peak. We expect the NZD to trade at around 85 US cents for the rest of the year.
"The dairy price falls are also a major reason why we've pushed back our interest rate call." ASB Economics now expects the next OCR increase in March 2014 rather than their previous call for a December 2014 hike.
James and Debbie Stewart from Dairylands in Manawatu impressed judges and took out the 2024 Fonterra Responsible Dairying Award.
Manawatu farmers Will Hinton and Kali Rangiawha have scooped the 2024 New Zealand Share Farmers of the Year.
More bull breeders are using genetic tools according to the latest research.
Females are dominating the veterinary profession worldwide and many farmers are welcoming this change in the composition of the profession, says Britain's Chief Veterinary Officer (CVO) Professor Christine Middlemiss.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.