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Abstract

The period under review has been one of steady consolidation rather than spectacular change. The agricultural sector has accommodated itself to the deregulated environment and has indeed benefited from the macro-economic emphasis on stable exchange rates and low interest rates. Further reform of the state marketing boards has proceeded; the situation exacerbated by a failure of the Kiwifruit Marketing Board to control its payouts within current income. Over the period 1984 to 1993 there has been sustained growth in real net output of agriculture reflecting a considerable improvement in the use of resources. Incomes in the sheep and beef sector have been static in the period but not disastrous, and the dairy sector continues in a phase of steady growth in farmer incomes. Government and the public appear to Underestimate the economic performance of the agricultural sector.

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