Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
The latest Agribusiness Outlook report released by Rabobank reports that farmers in New Zealand are set to have a fourth consecutive year of profitability in 2020. The report states that the year will be one of significant transition for farmers due to new regulations and rules. Beef, lamb and dairy’s high prices are underpinned by good demand conditions and limited supply growths. The effect that the coronavirus outbreak will have is not yet clear. Rabobank's Head of Research Tim Hunt states that staple products such as milk and beef will not likely be largely effected, whilst niche segments such as live crayfish are more likely to suffer significant detriment.
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