Sam McIvor: Beef and Lamb CEO says farm profit is predicted to decrease by 31 percent from update before

An episode of the Best of Business podcast, hosted by Newstalk ZB, titled "Sam McIvor: Beef and Lamb CEO says farm profit is predicted to decrease by 31 percent from update before" was published on March 15, 2023 and runs 3 minutes.

March 15, 2023 ·3m · Best of Business

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Episode Description

High inflation is hitting the back pockets of farmers.

The Beef and Lamb New Zealand 2022 to 2023 Mid-Season Update says that farm profit is predicted to decrease by 31 percent from the update before it.

Beef and Lamb Chief Executive Sam McIvor told Mike Hosking they're facing a lot of cost increases in things like fertiliser, which has been pushed up by the Ukraine War.

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