13 Nov 2009

Interest unabated in big ticket farm items

5:32 pm on 13 November 2009

Exhibitors of big ticket items at the Royal New Zealand Show say the recession hasn't affected farmers' interest.

A record 600 businesses and organisations have exhibited at the show in Christchurch over the past three days.

Agricultural equipment suppliers say interest in their products at the show has been driven by dairy farmers, following news of a significant lift in Fonterra's forecast dairy payout.

The co-operative announced this week that it has increased its forecast payout to $6.05 per kilogram of milk solids, up 95 cents on the September forecast.

Show exhibitors expect some of that interest to turn into sales over the next few months, although Federated Farmers has said it expects many dairy farmers would use the predicted payout to reduce their debt.

The Canterbury Agricultural and Pastoral Show, which again doubled as the Royal New Zealand Show this year, spread out over more than 100ha and attracted 7000 livestock and competition entries and about 120,000 spectators.

It is the largest agricultural and pastoral show in the country.

Canterbury A & P Association chairman of committees Richard Lemon says the event has grown for the ninth consecutive year, bucking the trend of smaller shows.