Jamie Mackay: The Country host on inflation and interest rates potentially making farmers struggle to break even
Heather du Plessis-Allan Drive · Newstalk ZB
July 25, 20233m 14s
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Show Notes
Rampant inflation and rising interest rates may create difficult times for dairy farmers in the coming months.
Higher farming costs, fast-rising interest rates, and lower prices mean some farmers could struggle to break even- or wind up in debt.
The Country's Jamie Mackay says the debt servicing has gone up from $0.50/kgMS to $1.20/kgMS, creating extra struggle for dairy farmers.
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Topics
farminginflationinterest ratesdairy farmers