Displaying items by tag: economy

Rabobank released its Agribusiness Monthly for March. Here's what the bank had to say about the dairy sector, farm input prices and the weather.

A leading accountant and agribusiness advisor says the present downturn in the rural sector is like no other he's seen in his nearly 60 years in the business.

OPINION: I learnt about what economics means for households through juggling my first mortgage and the childcare costs of our four kids and by being invited into the lives of New Zealanders from all walks of life who have had the generosity to share their stories and hopes with me.

An analysis by two Christchurch economists has underlined the value of the farming sector to the country during the Level 4 COVID-19 lockdown.

Farmers are urging banks to take a long term view of their businesses, now under growing pressure to improve their balance sheets.

Finance Minister Bill English says it turns out that the country is not as dependent on the dairy industry as we thought.

NZ's financial system is resilient and functions effectively, but risks to the financial stability outlook have increased further in the past six months.

Fonterra doesn't believe it will take much to change the global dairy market, but it expects very little change this year.

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25%.

Global dairy prices are unlikely to start rising until later this year, weighed down by European production and global economic uncertainty, says Fonterra chairman John Wilson.