Home > Exchange Rates > High NZ$ expected to reduce lamb & beef revenues by 11% for 2012-2013 season

High NZ$ expected to reduce lamb & beef revenues by 11% for 2012-2013 season

September 26, 2012 Leave a comment Go to comments

The New Zealand Farmers Weekly had an interesting piece on the future prospects of farm revenues over the next year. The outlook is not looking rosy mainly because of the high NZ dollar. A NZ$ value of US$0.90 for a full season would slash farm profit to $46,400 according to the Beef & Lamb NZ Economic Service. However the crucial time for the exchange rate is when the vast majority of produce is actually exported namely between November and June.

With regard to destinations for NZ beef they are the following:

– 50% of beef goes to North America
– 9% Japan
– 8% South Korea
– 6% Taiwan

Below are some of the figures that are estimated from the Beef & Lamb NZ Economic Service

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