$150B farm succession challenge looms for NZ agriculture
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
A new animal proteins analyst for New Zealand, Matt Costello, has been appointed to Rabobank's Food and Agribusiness Research & Advisory division.
Costello, who has strong experience as a researcher in the meat industry, joins senior analyst Hayley Moynihan, who specialises in the dairy sector.
"We're pleased to welcome Matt into our team here at Rabobank and I am confident his strong background in the animal proteins sector will be a great asset to help further support our clients in this industry in New Zealand," says Rabobank's head of Food and Agribusiness Research & Advisory Luke Chandler.
The local Australian and New Zealand research team is part of a global network of about 80 food and agriculture research analysts spread across every major production and consumption region of the world.
Based in Rabobank's Christchurch office, Costello will cover the New Zealand animal proteins sector, with a particular focus on sheep and beef.
After graduating with a bachelor of Agricultural Economics at Sydney University, Costello previously held the position of meat market analyst with Meat & Livestock Australia, in Sydney. He also conducted specialised research related to the South Asian region dealing with markets across Greater China, as well as South East Asia.
Costello says having grown up in a rural community (New South Wales, Australia) he had a natural appreciation for how important agriculture is to the local economy, a nation and globally.
"Working for Rabobank will give me the opportunity to provide analysis on current market trends and identify future business opportunities for clients," he says.
"As one of the most respected and leading agricultural nations in the world, working and interacting with New Zealand producers and industry across the entire supply chain is an exciting opportunity."
As part of his research role with Rabobank, Costello will deliver presentations at seminars, client functions, industry conferences and field days across New Zealand.
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