The number of cows in New Zealand is static or declining and dairy conversions have slowed to a virtual standstill — so is the country's biggest export industry passed its peak?

Reports from regional councils suggest that the number of properties being converted into dairy farms has slowed to a trickle, remained static, or gone backwards in some areas.

All up, it looks as though the area of land devoted to dairy may be shrinking.

Milk production has also stopped increasing. It hit a record in the 2014/15 season, when 1.89 billion kg of milksolids was produced.

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Production has since

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Shine goes off

Prisoner of success

From cows to orchards

Crop changes send dairy land rush into reverse