Agricultural incomes are expected to take a hit later this year as the effects of the global recession caused by coronavirus kicks in, says Westpac senior agri-economist Nathan Penny.
The sector was likely to remain profitable, however.
Despite having come through the lockdown and its immediate effects relatively unscathed, due largely to agriculture’s classification as an essential service, the forecast 3 per cent hit to global growth over 2020, meant there would be less demand for the forseeable future.
As a country that exported over 90 per cent of its agricultural production, New Zealand would be heavily exposed, Penny said. . .
McBride optimistic about Fonterra’s future despite global uncertainty – Esther Taunton:
“Businesses learn more from challenges than successes and there will be plenty learnt from this,” the South Waikato dairy farmer said.
And McBride should know.
As the chairman of the Zespri board from 2013-18, he led the kiwifruit marketer through a crippling outbreak of the vine disease Psa, estimated to have cost growers close to $1 billion . .
Few winter grazing issues found – Neal Wallace:
Soutland farmers are being given a pat on the back for their winter grazing management so far this year, which Environment Southland says is an improvement on last year.
An aerial inspection by regional council staff prompted chief executive Rob Phillips to conclude farmers have made positive improvements.
“I’m encouraged by what we’ve seen. Farmers appear to have made a real effort, which is exactly what we need.”
Phillips said it is early in the season so wet weather will change conditions. . . .
While it will be forever remembered as the Covid-19 harvest, an excellent summer throughout most of the country has contributed to an outstanding vintage for New Zealand’s wine regions.
“Although Covid-19 restrictions did have a huge impact on the way the harvest was run, they will not affect the quality of the wine, and we are really looking forward to some exceptional wines coming from this year’s vintage” said Philip Gregan, CEO of New Zealand Winegrowers.
The New Zealand wine industry had hoped for a larger harvest in 2020, after smaller than expected crops over the last three years. With 457,000 tonnes of grapes harvested, this year’s vintage will help the industry to meet the high demand for New Zealand wine.
With New Zealand moving into Alert Level 4 just as Vintage 2020 began, the industry was acutely aware that it was in an incredibly privileged position to be allowed to pick the grapes, says Gregan. . .
A Waikato farmer is building a museum on his farm to preserve memorabilia from New Zealand’s oldest introduced sport – tug-of-war.
Graham Smith has a dairy farm 50 minutes south of Hamilton.
He is also a passionate advocate for a sport which is dwindling. He’s preserving the memory of tug-of-war in case one day it sparks up again.
He is the president of the New Zealand Tug of War Association and has been involved for more than 40 years. . .
Record on-farm price for EC Angus – Hugh Stringleman:
An Angus bull from Turiroa Stud, Wairoa, has made $104,000 at auction, believed to be a New Zealand on-farm sale record.
Turiroa’s best-ever sales performance also featured a price of $86,000 and an average of $12,560 for a full clearance of 50 bulls.
Andrew Powdrell said there was good buying further into the catalogue and there was a bull for everyone.
The Powdrell family was humbled by the result and thrilled the bulls are going to good homes. . .