An 'amaizing' season
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
THE CHIEF executive of the Foundation for Arable Research, FAR, says to date the drop in the price of milksolids isn’t affecting arable farmers.
Nick Pyke says this is because most of them are contracted at last year’s prices or have forward sold crops at good prices. Given the shortage of grain in New Zealand the prices are holding up well, he says.
But Pyke warns that after the 2014-15 season things may change and prices won’t remain the same as now. Towards the end of this season’s harvest in March and April 2015, when there is more grain on the market, the price are likely to drop a bit at that point.
“In maize production, the forecast in July was that the area of maize was going to be up slightly, but that could have changed quite markedly if farmers had changed their minds on their plantings. From what I hear it could be pretty much business as usual in both islands.”
Pyke says farmers have come out of droughts and will be looking to build up their supplementary feed stocks. Many dairy farmers who run intensive systems rely on extra feed and he doesn’t see them cutting this out overnight.
Meanwhile observers say it’s not all doom and gloom in the grain market as a result of the drop in dairy payout. But in their October grain market update, Farmlands reports there is little interest from the dairy sector in buying new season wheat and barley. They say the grain market is very fluid and seems set to remain that way in the short term.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.