Displaying items by tag: economy

The dairy downturn could be an indicator of how the economy will suffer if farmers have to reduce inputs to meet environmental compliance standards. 

An economist who heads the ‘think tank’ New Zealand Initiative says despite dairy price problems the country’s economy is doing remarkably well.

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

A report on the economic impact of Fieldays 2014 shows the importance of the event to New Zealand’s primary sector, says Mystery Creek events centre chief executive Jon Calder.

The Reserve Bank says the outlook for global milk prices is highly uncertain and the financial stress on the dairy industry could rise markedly if prices remain at current low levels in the 2015-16 season.

Australian farmers are hearing that good times are coming: a top economic researcher predicts farm production will increase 5.3% to about A$54.4 billion next financial year.

Expect the volatility in the international dairy market to be around for some time.

The economy is performing well but faces challenges arising from the Chinese economy, says Reserve Bank governor Graeme Wheeler.

FEDERATED FARMERS says the Government's half year Economic and Fiscal Update report shows a faster growing economy, with the agriculture industry on its way to doubling its exports by 2025.

Agriculture was the only contributor to a 1% increase in labour productivity in the March 2012 year, Statistics New Zealand says.