M.I.A.
OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.
Global uncertainty caused by Covid and related disruption to supply chains, as well as a global shortage of labour, are cited as contributing factors to a forecast drop in NZ red meat export returns.
That's the crux of Beef+Lamb NZ's (B+LNZ) new season outlook report, which was published last week.
Chief economist Andrew Burtt says receipts from red meat exports will be about $8 billion, slightly down on 2020-21.
While lamb export receipts are forecast to increase by 2.2% to $3.6 billion on 2020-21, beef and veal export receipts are forecast to decline by 7% to $3.9 billion, driven by a decline in production and the adverse impact of the high NZ dollar on export values.
However, Burtt says the overall outlook is positive, with the fundamentals in key markets seen as solid. He says there is strong demand and tight supply, meaning prices in export markets are forecast to lift for both sheepmeat and beef.
On farm, the lamb crop this season is expected to be 22.8 million - up point 9% on last year, reflecting an increase in ewe and hogget lambing percentages. On the beef side, export production is forecast to be down by 5%.
According to the report, farmer confidence is mixed. While on-farm profitability is positive, resilience is being tested by the volatility of adverse weather events and the extent of environmental regulation.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
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