International Agri Insights - Postcards from Paradise

In this latest edition of International Agri Insights, our US-based expert, Prof. Bill Bailey, shares his notes from his recent drive from Auckland to Palmerston North.

  • National dairy herd peaked in 2014 and is slowly declining.
  • Though the average dairy herd size has increased 30% since 2005.
  • Fewer beef, sheep and deer were seen during the drive than in 2005.
  • More Pioneer maize and green John Deere farm equipment noted.
  • Forestry land is transitioning to pasture.

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Nathan Penny

Senior Rural Economist

Nathan's bold predictions and his ability to call it as he sees it sets him apart from other New Zealand rural economists.  In particular, his controversial, but ultimately successful $6.00/kg MS 2016/17 milk price forecast is case in point.

He has a natural talent to distil complex issues and translate them into user-friendly formats for diverse groups, including farmers and financial markets participants.  Nathan brings unique perspectives and thought leadership to the country's rural and broader export sectors.  

Nathan joined ASB as the Rural Economist in 2013, having cut his teeth at the New Zealand Treasury.  He hails from the Kapiti Coast and studied at Massey University where he graduated with a Master of Applied Economics.

Nathan's expertise lie in dairy and other commodity markets, trade economics and economic forecasting.  He's a leading GlobalDairyTrade auction and NZX dairy derivatives commentator and he also authors ASB's monthly rural publication, Farmshed Economics.  

He's a proud Hurricanes and Wellington Phoenix fan, and will gladly discuss at length the Hurricanes Super Rugby 2016 victory.

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