Westpac economists spread a bit of cheer that "the
net cost to the economy of the drought could be close to zero thanks to the sharp gains in world dairy prices
"
That's just one bank, and of course, opinions are usually varied on these matters. But it is nevertheless interesting that a headwind for many farmers may in fact be dramatically reduced.
http://www.nzherald.co.nz/business/n...ectid=10877964
Rains have fallen over most of NZ (certainly North Island) these last two or three days, more rains coming over the next 3 days or so. Warmer humid northerly winds which are best for seed germination. Better news for farmers.
Wish it came in March but Mother Nature is a lady and sometimes likes to be late.
Homework update: big issue for farmers over the year will be replacing their stock they sent off to the abattoirs early, sources tell me that supply will be constrained. But prices will be good.