Beef and Lamb New Zealand has reported a 2.8 per cent on-farm inflation rate for 2023 to 2024 - down from last year's 16.3 per cent
Beef and Lamb New Zealand has reported a 2.8 per cent on-farm inflation rate for 2023 to 2024 - down from last year's 16.3 per cent
8 June 2024
The report highlights persistent price increases across interest rates, insurances and animal health are putting significant pressure on farm profitability.
Board chair Kate Acland says while it's positive inflation is trending downwards, times are tough.
She says the cumulative impact of high input prices over recent years is significant.
© 2024 Newstalk ZB, NZCity