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DairyNZ says the nation's regions saw a huge gain in the value of production from dairy in 2013-14 over the previous year

Rural News
DairyNZ says the nation's regions saw a huge gain in the value of production from dairy in 2013-14 over the previous year

Content supplied by DairyNZ

New Zealand’s regional economies are milking the dairy industry, taking $14.3 billion in total in 2013-14 – a 40% increase in earnings – DairyNZ figures show.

The regions earned about $14.3 billion from dairy farms in 2013-2014, taking the lion’s share of national dairy earnings.

In total, it’s estimated the New Zealand economy earned $17.6 billion from dairy exports that year.

Regional dairy earnings Value of production  
  NZIER
2012-13
estm 2013-14
payout
change
  $ mln $ mln %
Northland 576.4 790.8 +37.2
Waikato 2,763.6 3,800.0 +37.5
Bay of Plenty 672.7 991.9 +47.5
Taranaki 1,042.0 1,442.7 +38.5
Hawkes Bay 92.1 124.0 +34.6
Manawatu 477.8 643.3 +34.6
Wairarapa 351.8 473.7 +34.6
West Coast/Tasman/Mlb-Nelson 478.2 841.8 +72.8
Canterbury 1,983.5 2,771.5 +39.2
Otago 535.4 727.7 +35.9
Southland 1,262.3 1,715.6 +35.9
       
Total $10,244.7 $14,323.0 +39.8

Sources: NZIER, New Zealand Dairy Statistics, Statistics New Zealand, DairyNZ Economic Survey

DairyNZ’s chief executive Tim Mackle says its recent Economic Survey shows the industry contributed about 31 percent more than the previous year and injected much of that back into growth, farm spending and jobs.

“Our latest survey shows the financial value that dairy farmers bring into each province, helping grow residents’ wealth even if they are not dairy farming themselves,” Dr Mackle says.

Dairy’s boost to rural economies is consistent with the national trend.

National dairy export revenue soared by 30 percent to 17.6 billion in 2013-14, a Situation and Outlook 2014 report from the Ministry for Primary Industries (MPI) says.

New Zealand’s dairy export revenue is expected to rise in the future, reaching $18.4 billion by the year ending 30 June 2018, based on a modest rise in domestic production, increasing international dairy prices, and a depreciating NZD, the MPI report says.

DairyNZ’s 2013-14 estimations shows New Zealand’s top provincial performer in dairying is Waikato, retaining its top spot from the previous year and earning $3.8 billion, followed by Canterbury with $2.77 billion, Southland with $1.72 billion then Taranaki with $1.44 billion. 

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3 Comments

Prepare to embrace a 20% decrease in 2014/15 season, boys!

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Farmers I know are working on budgets of $6.25/6.35kgms for this season.

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So you can double that xingmowang.

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