Talking Dairy: Rising costs and the impact on your farm business | Ep. 122

Global conflict can feel a long way from the farm gate until it starts showing up in your fuel bill, freight costs and next season’s budget. In this episode, you hear from DairyNZ economist Mark Storey and farm system specialist Mark Speight about what the escalation of global conflict could mean for your farm business over the months ahead. They share insights into why fuel and freight costs are rising, how long higher costs could stick around, and what that means for inflation, interest rates and farm working expenses. Most importantly, they share practical steps you can take now that are within your control such as stress‑testing budgets, planning for different cost scenarios, keeping cashflow front of mind, and maintaining strong farm system fundamentals. You’ll also hear why New Zealand dairy remains resilient through periods of global volatility, and how your pasture‑based system gives you an advantage compared with many overseas competitors.