Excellent prospects in 2021 for sheep & beef farmers.
Looking good therefore for the rural servicing sector in 2021 - laying the groundwork for another substantial profit upgrade for PGW in F21 imo.
If PGW can do well in a very challenging year for agriculture in 2020, a good year in 2021 should see the company doing exceptionally well.
https://www.stuff.co.nz/business/far...arhead-in-2020
"Prospects at the start of last year were looking bleak for farmers with one of the worst droughts of a generation and sudden, massive disruption brought on by Covid-19.
Now
fresh into 2021 with lots of grass and high market demand for meat products, the sheep and beef sector has experienced a remarkable turnaround."
"Central Hawke’s Bay farmer Sam Robinson said after enduring the third-worst drought of his lifetime, farmers now had an “incredible amount of feed” going into the dry season and prospects were looking good."