Wage pressures heat up on-farm inflation

Wage pressures heat up on-farm inflation
Wage bills were forced up by covid-related labour shortages (Image: Getty)
Rebecca Howard
Farmers are still finding it tough to find labour and on-farm salaries have seen a sizeable lift, adding to inflationary pressure in the rural sector.The latest Rabobank-Federated Farmers Farming Salaries report showed salaries across the sector were up a weighted average of 14% from two years earlier, with the mean salary rising to $63,931 in 2022 from $54,419 in 2020.Official government data is taken quarterly, meaning that two-yearly percentage increase doesn't easily compare with wider movements in the labour market, but December quarte...

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