Costs wave to break over farming – Hugh Stringleman:
A one-and-a-half percent rise in interest rates over the next year will be a large component of rapidly rising on-farm inflation.
After a decade of low interest rates, the forecast increase in the Official Cash Rate (OCR) from 0.5% to 2% looks set to increase the interest portion of debt servicing by as much as one-third.
For individual farmers, the added interest cost will be dependent on total indebtedness and their mixture of fixed and floating rates.
The most recent Federated Farmers banking survey said the average farm mortgage rate was 3.8% and the average farm debt, across all types, was $4.3 million. . .
Peak milk underway in second Covid-affected season – Gerald Piddock:
Fonterra is facing its second consecutive season where peak milk collection is affected by covid-19.
The co-operative is expecting to process 80 million litres a day over the next few months, while at the same time keeping its 12,000 staff nationwide safe from the virus.
Fonterra chief operating officer Fraser Whineray says the co-operative had been working through a lot of management and business continuity plans to deal with covid while ensuring it was able to process the volumes coming through the factory.
“They are dynamic and they change because the environment changes,” Whineray said. . .
Shearing his passion for six decades – Shannon Thomson:
Shearing — both the industry and the sport — has been a lifetime love for New Zealand Merino Shearing Society life member Graeme Bell.
A wool classer and master woolhandler, Mr Bell has been involved with shearing since the Merino Shears began in Alexandra in 1961.
He was 10.
Growing up in the centre of Alexandra, he did not come from farming stock, but as a young boy the lifesyle of the local shearers caught his eye. . .
Getting broadband to everyone – Mike Smith:
Recent episodes of Fair Go have highlighted the difficulties a number of rural people have in getting access to quality, reliable broadband and how tough this makes their lives.
Businesses can’t operate without a solid connection, kids can’t be educated from home when required, and life is just harder for everyone.
As chair of WISPA-NZ, which represents specialist internet providers who look after many rural users, I understand why having access to the Internet is now a vital part of everyday life.
The 37 companies that make up our group are all specialists in using wireless internet technology to get to the places phone cable and fibre don’t reach. . .
Farmers urged to plan for dry summer – Shawn McAvine:
Farmers are being encouraged to plan ahead in the event of another dry summer.
Otago Rural Support Trust trustee and Otago Drought Recovery Committee member Amy Francis said the trust formed the committee after a drought was declared in Otago in April this year.
Her sheep and beef farm in Five Forks had been dry.
Recent rain had been ‘‘amazing’’ but the soil lacked moisture. . .
Country diary: My first sheep auction since Covid is an emotional one – Andrea Meanwell:
In my quest to buy some Swaledale gimmer lambs, I’m reminded that farmers in their 50s are considered youngsters.
As I walk through the double doors and into the auction, the smell of sheep and sawdust makes me feel suddenly emotional. During Covid I missed going to sales, missed chatting to other farmers and just being in a busy place with other people.
Today is one of the biggest sales of the year, the Swaledale and Rough Fell draft ewe sale at Kendal auction. Traditionally sheep were “drafted” off the fells after about four lambings, and sold to other farmers with better land for the remainder of their lives. While there are plenty of draft ewes here, there are also sheep of all ages from all over the Lake District.
I don’t really need to buy any sheep, but I have agreed with my son, whom I farm in partnership with, that should I see some Swaledale gimmer lambs I like, we can pay up to £70 each for them. We have calculated that at £70 they are affordable. Some people like to go to shopping centres for their retail therapy; I go to sheep auctions. . .