Farm Expenses Price Index: June 2001 quarter
The Farm Expenses Price Index increased 1.9 per cent in the June 2001 quarter, according to latest figures from
Statistics New Zealand. The index is now 8.3 per cent higher than in the June 2000 quarter.
A 7.8 per cent rise in livestock prices contributed significantly to the overall increase in farm expenses for the June
2001 quarter. When livestock is excluded, farm expenses rose 1.0 per cent in the June 2001 quarter compared with the
previous quarter. Livestock prices rose 31.9 per cent between the June 2000 and June 2001 quarters.
Price increases for feed, grazing, cultivation and harvesting contributed 25 per cent to the overall increase in farm
expenses. Price increases in the June 2001 quarter were partly offset by a 1.4 per cent decrease in the interest rates
index.
Brian Pink Government Statistician
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