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© 2024 The Gisborne Herald

Sheep profitability forecast ‘sobering’: High costs and weak demand erode profit margins

3 min read

by Monique Steele, RNZ 

It is looking like another challenging season ahead for the country’s already struggling sheep farmers. 

Beef + Lamb New Zealand’s new season outlook showed while global demand for red meat was forecast to improve slightly next season, farm profitability will remain a challenge, especially for sheep farming. 

The report said farm profit margins were be...


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