Beef prices are an exception to the downward trend. They are expected to remain steady, due to a drought in the US driving up costs for farmers there.
Lamb and mutton prices are predicted to drop by 16 and 18 per cent respectively.
But Mrs Bryant said the extra lamb numbers this year could cover that.
"Ewes went into winter in really good condition. The scanning rates were good and this year there could be an extra one million lambs across the country."
Wool was a disappointment, with prices predicted to drop 24 per cent from near record levels last season. This would hit hill country farmers hard.
"Wool is a critical part of their income and also a big part of their cost, with shearing, dagging and fly protection."
Mrs Bryant has the Oneida Hills business, with tens of thousands of sheep across one farm at Fordell and others in the King Country.
"Last year it was actually quite fun being a wool farmer," she said.
If the value of the New Zealand dollar dropped prices would improve for sheep and beef farmers - but Mrs Bryant wasn't betting on it.
"While our big trading partners are printing money we won't see the dollar coming down. It weakens their currency and makes ours stronger."
The average before-tax profit for a sheep and beef farm is predicted to be $96,500 for the 2012-13 season. Whether that was good or bad depended on the farm and its costs - especially local body rates and interest on loans.
New Zealand is predicted to earn $6.1 billion from sheep and beef exports in the coming season, 3 per cent down on last year.
Mrs Bryant said sheep and beef farming had been losing out to other land uses. During the past 20 years, 28 per cent of land in sheep and beef farms had been converted to other uses.