Lamb prices remain under downward pressure. Falling prices at this time of year isn’t particularly unusual, but following a very uncharacteristic drop through winter it sees prices pushing further below average. Lower prices will put pressure on budgets across the sector.
Rural Wrap: Enter El Niño
Weather risk is omnipresent in NZ agriculture. It always seems to be more a case of identifying what risk is present or looming rather than if there is any risk at all.
Adverse weather has already contributed to difficult conditions this year. The latest example is the heavy rain that caused major flooding down south in September that led to a state of emergency across Southland.