Concern is growing in political and economic circles that the low dairy prices could tip New Zealand into a recession.

The first wool auction of the 2015/16 season saw a 92% clearance with a slightly softer tone, says NZWI general manager, John Dawson.

BNZ senior economist Craig Ebert says he doubts the crisis on the Chinese sharemarket will trigger a wholesale collapse of the Chinese economy.

Despite milk price volatility most Australian dairy farmers enjoyed a good 2014-15 season.

Three Massey University agricultural scientists have been appointed advisors to a massive indoor sheep farming operation in China. This has potential to benefit New Zealand long term, says one of the scientists, Professor Hugh Blair.

New Image's partner goat farm Oete Farms at Patumahoe will be the biggest in New Zealand when it grows from 2400 to 3000 goats next season, says Auckland-based New Image Group Ltd general manager Guy Wills.

The latest combined North and South Island wool auction saw a 91% clearance and a generally firm market, says NZWSI general manager, John Dawson.

Waikato Milking Systems (WMS) is the story of the Kiwi business that turns ideas into cutting edge design and technology, and delivers its products to dairy producers throughout the world.

The world's largest dairy company, Nestle is spending $23 million to boost its ice cream business in China.

Australian farm production is expected to top A$53 billion this year.