There's also a watching brief on neighbouring areas.
Nathan Guy announced the extension of the February 2015 medium-scale drought classification at a meeting with local farmers in North Canterbury today.
The forecast big dry this summer is unlikely to hit the economy as badly as previous, similar weather did.
Westpac economist Michael Gordon talks about a drought-driven downturn on NBR Radio and on demand on MyNBR Radio.
Even if – as looks likely – the surplus has arrived a year early, the bigger issue is economic performance for the year ahead.
Rob Hosking gives his in-depth analysis on the big stories to watch out for this week on NBR Radio and on demand on MyNBR Radio.
When people say 'rock star economy,' it is important to ask which rock star they are thinking about.
NBR Political & Economics Editor Rob Hosking breaks down the political & economic week that was on NBR Radio and on demand on MyNBR Radio.