A study released by Beef and Lamb New Zealand (B+LNZ), the country's meat promotion body, has shown that sheep breeding ewe numbers have fallen by 1% so far in 2023. This follows a drop in numbers of 5.2% in 2022. B+LNZ claims the main driver for this reduction is the amount of farmland being bought for tree planting to offset carbon emissions.
B+LNZ have previously released a report analysing farmland which showed that 200,000 Ha of farmland had been sold for forestry planting during the past 5 years. B+LNZ also expects a further 88,000 Ha to be planted this year. Much of the area sold is now owned by foreign companies.