Bruce Wills, president of farming association Federated Farmers, said North Island slaughterhouses are processing about 40 percent more cows and sheep this year as farmers reduce their herds. The increased numbers and lighter weight of the animals has resulted in plummeting prices, he said.North Island farmers are also sending stock to the South Island, which hasn't been so affected. Wills said farmers have sent 1.5 million lambs and other stock on ferries to the South Island to graze or be slaughtered there.
New Zealand Declares Largest Drought In 30 Years
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