RBNZ stress testing: 82% of sheep and beef farms unprofitable at $150/t emission price

(Image: Getty)

Tue, 31 Oct 2023

More than three-quarters of beef and sheep farmers would be unprofitable if any future emissions pricing on carbon dioxide equivalent they had to pay hit $150 per tonne.While 82% of sheep and beef operations would be in the red, nearly half of dairy farms would also be unprofitable.That’s according to stress testing undertaken by banks who were tasked by the Reserve Bank of New Zealand (RBNZ) to look at what any potential price between $15/t and $150/t meant for farmers’ bottom lines.Under the outgoing Labour government, pricing has...

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