BNZ: $10 milk price now unlikely for 2025/26 season
The chance of a $10-plus milk price for this season appears to be depleting.
BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm ownership or sharemilking a little easier.
BNZ’s First Farm proposition helps lower barriers to entry for first-farm buyers or those buying their first dairy herd by reducing deposit requirements.
It also pairs every approved customer with an experienced farmer mentor for their first two seasons. This is to help ensure their first steps into farm ownership or sharemilking are a success.
BNZ general manager agribusiness and corporate banking Dave Handley says farmers are the backbone of our rural communities and contribute significantly to the economy.
“For many young farmers, getting their first foothold on the farming ladder is very challenging. First Farm is about bridging that gap by making ownership more achievable,” says Handley.
A buoyant farm economy should make for a successful 2026 Southern Field Days, says chairman Steve Henderson.
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The strong wool market has improved in the past six months, despite drops in production over recent years.
On January 5th at Te Pa Station, the World Sheep Shearing Records saw a new nine-hour strong wool ewes shearing record set by Simon Goss.
Recently awarded in the New Years Honours List for Services to Agriculture and Governance, well known dairy farmer Lloyd Downing has become an Officer of the New Zealand Order of Merit (ONZM).
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