Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Dairy Payout Welcomed

11 April 2008

Dairy Payout Welcomed

The chairman of Federated Farmers Dairy Section Frank Brenmuhl has welcomed the news of an increased Fonterra payout.

But he says the increase should be seen in the context of high increases this year in the price of fertiliser and supplementary feed, with the latter being caused by the drought. He says the drought has badly hit the major dairying regions and impacts of this adverse event will be felt over the next year or longer.

"This increase will help smooth over some of the problems that dairy farmers were facing with the drought and other on-farm and off-farm costs. It is great to see the raw milk that farmers produce is so highly valued by manufacturers and consumers world wide. All New Zealander's, not just dairy farmers benefit from this payout because it improves the strength of the nations economy.

It is important to remember that $17.2 billion or 47 percent of New Zealand's export earnings come from food production and that other industries such as tourism benefit from the primary sector."

Mr Brenmuhl says the payout is great news at the end of a challenging season.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>

ALSO:

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO: