CORRECT: NZ sheep numbers fall to lowest level since the 1930s Depression

Mon, 08 Aug 2016

(Corrects headline, clarifies historical sheep numbers in third paragraph.) By Tina Morrison Aug. 9 (BusinessDesk) - New Zealand's sheep flock dropped 3 percent to the lowest level since the 1930s Depression as farmers sold stock to cope with drought conditions and facial eczema. Lamb numbers are likely to fall 2.9 percent this spring. Sheep numbers reduced to 28.3 million as at June 30 from 29.1 million a year earlier, marking the lowest level since 1934, according to the latest survey from the Economic Service of farmer-owned indust...

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