Northern areas are now also drying out but are well prepared for the El Nino summer with a good growthy spring allowing pasture conservation and establishment of summer crops.
The traditional wet December has arrived in many areas of the South Island but while it has lifted spirits, will do little to alleviate the very dry soil moisture levels in the worst regions.
Latest Oceania dairy prices are stable with any lift in commodity pricing tempered by the stronger currency, and all eyes will now be on the next auction in early January for signs the upturn is starting.
In the annual livestock survey numbers of dairy cattle have dropped for the first time since the dairy boom started in 2005, and these figures show tallies are now 300,000 animals behind last year.
In the Federated Farmers banking survey, respondents have replied they are happy with the support they have been given, both from the rural finance staff and extension of debt facilities, as the sector grapples with ways to manage this downturn.
The dairy sector on the West Coast is heralding the water quality of Lake Brunner that has reached it’s environmental goals 5 years ahead of the planned target, and shows that if all parties work together what can be achieved.
Dairy aligned properties are facing a subdued market as the market adjusts downwards to the new financial norm and cautious buyers and bankers wait for prices to fall.
The Crafar dairy saga is finally over with the receivers finishing their responsibilities, and the banks losing $143 million from this very messy investment.
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The Crafar dairy saga is finally over with the receivers finishing their responsibilities, and the banks losing $143 million from this very messy investment.....
But the loan got paid back, non? Wasn't that the reason for the declined offer from the cashed up locals (given as as we can not possibly accept a small loss).
Oct 2009
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=106…
Crafar Farms put into receivership owing NZ$200m
Dec 2012
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1085...
The Chinese company is believed to have paid just over $200 million for all 16 North Island farms.
Dec 2015
http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11564…
The Crafar farm saga has finally concluded, with receivers officially signing off from the troubled dairy empire leaving banks licking their wounds after being left $143.3 million short.
duffer fees and accounting entries of penalty interest (aimed at the tax account), who needs an Xmas stocking when ones boots overflowth....
or have we missed something here?
From a man who knows
http://i.stuff.co.nz/business/farming/opinion/75179836/A-5-20-kg-dairy-…
Farmers are approaching the end of the calendar year and let's say that they have covered their bums until the end of June. Well it's time to think beyond that to the next financial year. From my accounting desk I have made a long list of what I think our farming clients need for the year beginning July 1.
They might need at least a break even milk solids payout, excluding a dividend and stock sales, of nothing less than $5.20 a kilogram milksolids. More than handy would be a lamb value of no less than $105 a head. Add to that a milling wheat price of $380 a tonne.
From the best guessers, seems its lower for longer prices - otherwise where is the weather event...
http://m.agrimoney.com/feature/dairy-prices---will-2016-bring-a-long-aw…
"Economic growth projections suggest we will not get a huge demand lift in the near future, so the bottom line is that 2016 appears poised to be a year of gradual rebalancing and destocking, setting the stage for tighter market conditions in 2017 and carrying over into 2018."
With the Americans suggesting much wmp inventory has come from china domestic production.
"China milk production is playing a role in China's reduced import demand as well. USDEC estimates Chinese milk production rose 10% over the past two years. That represents another 3m tonnes of milk, most of which went into whole milk powder, stoking… inventory levels.
- good to hear the heifers went well then.
What we have learned this year is that low cost of production does not immediately trump product from higher cost regions.
Yes we are sitting round here playing 500.
From a mate of mine,
But the cost of production in NZ is not now always lower than others.
The EU and UK farmers largely found that when quota came off, they had the infrastructure (and often also set-aside land) to increase production at marginal costs much lower than income. (MC
Could be right.
hear a look back at the UK year.
http://www.bbc.co.uk/programmes/b06sdxfd
aside form the weather 4:45 you hear about their subsidy reporting going on and then off line - the agency's spokesman is classic oil mouth.
17:45 min mark they discuss dairy and Sunblessed the cow and making minus 4p/litre, farm drawings at 2.5 pounds/hr.
and (be quick only there for 3 more days)
http://www.bbc.co.uk/programmes/b06qkr4j
and now hear a UK look forward to 2016
http://www.bbc.co.uk/programmes/b06tkv23
lost in a sea of CAP subsidies
http://whotv.com/2015/12/29/china-import-forecast-down/ - skip the bird bit on the video at the start but interesting ?!
Blizzard Goliath may have an impact on dairy in the USA.
http://www.dairyherd.com/texas-goliath-impact-will-bring-total-40000-lo…
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