Jamie Mackay: The Country host on sheep and beef profit margins being expected to fall a further 30 percent
Sheep and beef farm profit margins are expected to fall a further 30 percent, according to Beef + Lamb NZ's Season Outlook.
This lower profitability comes at a time where farmers are already struggling to rebuild from Cyclone Gabrielle and prepare for dry conditions ahead of El Niño, painting a grim picture in experts' eyes.
The Country's Jamie Mackay says there's further downsides to this negative forecast if China doesn't bounce back quickly enough.
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