"In general it's good, we're getting quite strong prices overseas for our lamb at the moment, but the negative point is the high exchange rate."
Early lambing is under way in Hawke's Bay, and farmers were hoping for some settled weather next month when the main season began.
"We're hoping this year will be a bit different - in the past we've had dry, almost warm stable mid-winters then been hit with storms."
This was the case in early August last year when it was estimated at least 5000 lambs died in Central Hawke's Bay when bad weather hit.
Mr Foley said this winter had been quite rough and it was hoped it would settle down for lambing.
"It's quite wet underfoot and cold - we'll be wanting a turnaround from now, the last thing we want is lambs dropping out on to cold ground."
Bruce Worsnop farms on Makaroro Rd, Tikokino, and said his early lambs started being born about three weeks ago and to date the season was looking good on the back of this year's summer drought.
"It took about a month after the drought broke to come right and stock slipped back for several weeks after the rain came but the sheep have done well since that period."
He said, however, a lot could happen between now and when his lambing properly got under way near the end of August.
"We'll be hoping we don't get any really cold rain when we get really busy."