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New Zealand grown stock feed available for drought-hit farmers

New Zealand grown stock feed available for farmers

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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drought-arable

[19 March, Simon Davies- Federated Farmers, The Country]

The Ministry for Primary Industries latest Situation Outlook Primary Industries (SOPI) report has forecasted that arable production for the year ended June 2020 should see revenue increase by 10 percent despite the effects of Covid-19 and drought. This is due to a strong harvest, increased export volumes of clover seed as well as vegetable seeds. Federated Farmers Arable Chairperson Karen Williams states that there is plenty of locally-grown stock feed solutions available to farmers who have been hit by drought in the recent weeks. The next Arable Industry Marketing Initiative survey is due to be undertaken at the beginning of April with the results expected at the start of May.

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