Input prices for sheep and beef farmers are at their highest for 22 years.
A Meat & Wool New Zealand report for the March 2008 to 2009 year shows that fertiliser, shearing expenses, and repairs and maintenance had the biggest price rises.
Executive director Rob Davison says farmers were hit hardest by fertiliser prices.
However, there was some relief with the cost of both fuel and interest on farm debt falling during the period.
