Podcasts Other The Mike Hosking Breakfast Sam McIvor: Beef and Lamb CEO says farm profit is predicted to decrease by 31 percent from update before

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

Published: March 15, 2023, 6:40 p.m.

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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