Pastoral farm profits chewed away for coming season

Mon, 22 Oct 2012

By Peter Kerr Oct. 23 (BusinessDesk) – Pastoral farm businesses are expected to tighten up spending as product prices come off recent highs, according to the Ministry for Primary Industries. Production has generally been good over the past season, MPI said in its 2012 pastoral farm analysis as part of its annual Farm Monitoring Report. While national dairy production was up nearly 10 percent for the 2011/12 season, farm income was similar to the previous year because of a declining payout, MPI said. For the coming 2012/13 season, total nati...

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