Browse Data and Analysis

Favorable pricing and weather conditions for New Zealand cattle farmers have resulted in a retention of finishing cattle on farms and less slaughter in 2024. Farm operations face challenges with continuing financial pressure such as high debt, increasing on-farm inflation, and declining farmgate margins.

Following an exceptional milk production year in 2021 (and especially the first half of the year), FAS/Wellington is forecasting milk production to fall slightly in 2022.

Although New Zealand has been less impacted by COVID-19 than most countries around the world, it has still had a major effect on the Hotel, Restaurant, Institutional (HRI) sector.