Farmers’ plans in the spotlight
Key findings of the survey:
65 per cent of red-meat farmers plan to increase production in the next three to five years. 84 per cent plan to invest in pasture. 69 per cent plan to invest in animal genetics. 53 per cent see benefit in getting expert help in improving farm productivity.
63 per cent say succession is about passing the farm to family or whanau.
34 per cent say the buyer’s ability to finance a farm is the key barrier to succession.