That is not to say that there is not scope by financial institutions and primary processors to develop new instruments to lessen exchange and interest rate risk, to offset capital risk, and to better incentivise farmers with longer term contracts. Despite this, we do still have a problem of imbalance ahead of us.
As New Zealanders have enjoyed this strong period of growth, they have invested heavily in housing, with consequent increases in household prices. A central bank might prefer to "look through" a period of asset price inflation, rather than trying to address it with tighter monetary policy. That is an issue that is still argued about overseas.