Silver Fern Farms says a $24.4 million full-year loss after tax and a $497m drop in revenue reflects a year of challenging market conditions, which have impacted the whole supply chain.
Halving stock unit numbers to get through the drought was the right thing to do but came at a cost for the management team at Braided Waters Farming in the foothills of Canterbury’s Rakaia Gorge.
Castle Ridge Station’s Paul and Kerry Harmer credit going into damage control early for taking some of the edge off drought on their Mid Canterbury property.
Difficult but much-needed decisions to prevent the drought from spilling over into next year were still a "hard pill to swallow" for Flock Hill’s managers Richard and Anna Hill.
Silver Fern Farms says a $24.4 million full-year loss after tax and a $497m drop in revenue reflects a year of challenging market conditions, which have impacted the whole supply chain.
Directors of the industry-good body for sheep and beef farmers face a season without a pay rise under a tough environment of low prices and high costs.