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Rural round-up

08/11/2020

Great links, well worth following

Homepaddock

Meat’s outlook looks reddish – David Anderson:

New Zealand beef and sheep farmers are facing more than 25% less income in the season ahead.

That’s the conclusion of Beef+Lamb NZ (BLNZ) in its recently released new season outlook for 2020-21. It is forecasting lamb export receipts to decline by almost 15% and sheepmeat co-products to decline by around 8% compared to the 2019-20 season.

Beef and veal export revenue is forecast to decline by 9% on 2019-20. “The uncertainty in the export market will be reflected in farm-gate prices and subsequent farm profitability,” says BLNZ’s chief economist Andrew Burtt. . . 

NZ challenges US farm subsidies :

New Zealand is questioning whether Donald Trump’s payments of billions of dollars to American farmers go beyond the limits allowed under international trade rules.

The Trump administration forked out US$12 billion in subsidies in 2018 to buffer American farmers from the fallout of…

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