Free workshops to bolster farmer financial skills
Free workshops are being offered around the country to help farmers take more ownership of their farm business finances.
Whole milk powder saw a small lift of 1.6% to US$3278/tonne at last week’s GDT auction despite the small decline in overall prices of 1.6%, says Emma Higgins, from RaboResearch.
This is the highest average price since May 2017, she says.
“Contract periods out across the new season’s flush were in positive territory and New Zealand product is still trading at a premium to EU and US sourced whole milk powder (WMP).”
Confirmation by Fonterra that milk collections for February 2018 were lower by 4% would have helped this result.
The major drivers dragging overall results down were weaker skim milk powder (SMP) prices and a sharp decline in anhydrous milk fat pricing.
“Yet while the average SMP price dropped by -1.8% to US$1849/tonne there is price support for NZ SMP, which remains at a premium to most European sourced SMP offered.”
The northern hemisphere peak will put pressure on prices and there is a risk of higher feed prices globally. This will turn down production pressure over the close of 2018 and into 2019.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.