Sheep and Beef farmers are feeling the pressure of a second year of high inflation levels - which have not been seen since the 1980s.

Beef and Lamb New Zealand reports show a 40 year high at 16.3 percent; that's two and a half times consumer price inflation.

The most recent March figures follow a 10.2 percent increase over the previous 12-month period.

Westpac Agricultural Economist Nathan Penny told Roman Travers times are tough for farmers.

He says fertiliser, feed and interest rate bills have been red hot.

LISTEN ABOVE

Sheep and Beef farmers are feeling the pressure of a second year of high inflation levels - which have not been seen since the 1980s.
Beef and Lamb New Zealand reports show a 40 year high at 16.3 percent; that's two and a half times consumer price inflation.
The most recent March figures follow a 10.2 percent increase over the previous 12-month period.
Westpac Agricultural Economist Nathan Penny told Roman Travers times are tough for farmers.
He says fertiliser, feed and interest rate bills have been red hot.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.