Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Rural contracting nears a billion-dollar-a-year industry

New Zealand’s rural contracting industry contributed almost a billion dollars to the country’s economy last year, according to recently published research.

Rural Contractors New Zealand (RCNZ) says a report, prepared for it by research company Infometrics, shows that the rural contracting sector contributed some $947 million to New Zealand’s GDP in 2013.

“This research shows that the rural contracting industry is not only a major contributor to our all-important agri-sector, but also a strong and vital part of New Zealand’s over all economy,” says RCNZ chief executive Roger Parton.

This contribution to the national economy came from some 5255 registered rural contracting businesses.

Mr Parton says the Infometrics research demonstrates how the rural contracting industry experienced rapid growth in economic output between 2000 and 2008 – expanding by 4.1% a year compared with the national economy growth of only 2.7% over the same period.

“The sector’s economic output peaked in 2008 and eased back in recent years, due to cautious spending in the agricultural sector in the aftermath of the GFC,” he adds. “However, Infometrics expects demand for rural contracting to expand back towards its previous peak again, as farmer confidence – buoyed by a sustained period of elevated commodity prices – returns in the coming years.”

Mr Parton says another key finding of the research is the nearly 18,000 people employed by rural contractors. The report found that an average of 17,984 people were employed in the rural contracting industry up until March 2013.

“This clearly demonstrates the growing importance and influence of rural contracting in the agricultural sector and the need for our politicians and policy makers to better understand the industry and its needs.

“This report also shows that the rural contracting sector is well and truly contributing – and will to contribute – to New Zealand’s ‘rock-star’ economy in the coming years ,” Mr Parton concluded.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

A new independent report has outlined a number of serious concerns about New Zealand’s seclusion and restraint practices, says the Human Rights Commission...

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

 

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Asylum: Dunne Accepts Hundreds Of Postcards On Refugee Categories

Minister Peter Dunne today accepted over 800 postcards calling for convention refugees to have the same entitlements as quota refugees... The campaign has been run with ActionStation together with LUSH Cosmetics, with postcards being signed in stores around New Zealand. More>>

ALSO:

Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence. More>>

ALSO:

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news