Goat values have increased on average 7.8% with almost all classes of fibre and meat producing goats at record highs. The value of milking goats continues to be well down from historic highs, except for breeding bucks which are at their highest value.
Female milking goats have continued their decline, down a further 3.7% this year for a 28.3% drop since 2021. 2023 values are less than half the highest value for female milking goats. The value of female breeding goats continues to be impacted by the collapse in milk solid returns in 2022 and associated reductions in quote entitlement, penalties for exceeding quota, and supply changes.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.