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

 


Fed Farmers takes cold comfort from ETS lobbying

Media Release
26 November 2009

Federated Farmers takes cold comfort from ETS lobbying

Federated Farmers has taken cold comfort that its behind the scenes lobbying may have saved each New Zealand farm some $27,000 from 2030. While the Federation wished to see the entire ETS scrapped, it also worked to reduce the worst impacts of it upon farming.

“Most thinking New Zealanders realise you cannot turn around millions of years of ruminant and plant evolution by fixed legislative dates. After all no emissions equals no exports and for that matter, no economy,” says Don Nicolson, President of Federated Farmers.

“Federated Farmers made no bones of the fact we didn’t like the ETS and didn’t want the ETS, but we had to defend farmers from the worst excesses any ETS would bring.

“Behind the scenes, the Federation worked to ensure, if it was to come in, it would be with least regret to farmers and the nation. That meant an ETS based on intensity, meaning increased production, is still possible along with the lowest possible phase-out rate for free allocation units.

“Intensity is important because farmers still have the ability to increase production within current limits. It has to be remembered that agriculture is already reducing emissions growth per unit of output.

“While we wanted agriculture out of the ETS all together, the allocation units will now phase out at a rate of 1.3 percent per annum from 2016, instead of 8 percent from 2019.

“According to the Prime Minister, ‘the cost of agricultural methane and nitrous oxide for the average farmer by 2030 will be in the order of $3,000 a year, compared with the $30,000 it would have been under Labour’. That kind of puts the annual cost of a Federated Farmers membership into perspective.

“Yet it all seems like being one number off winning Lotto – somewhat deflating.

“I must, grudgingly, give credit to the Government that it did listen to us and has seemingly acted to minimise the impact upon agriculture. That said, no one, truly, has any real idea over what the impacts will be.

“What frightens me is that these costs seem guesses built on hunches within a hypothesis.

“Will the real figure please stand up because in July, we were told the per person cost with Copenhagen would be $30 per person, per week. Yet, in recent weeks, it has magically reduced to $3 per person, per week. A few years ago, we had a half billion dollar Kyoto liability, which became zero earlier this year only to apparently blow out to $110 billion by 2050.

“It’s why we won’t stint on getting this thing pulled the moment it affects our profitability heading into 2016, when the free allocation units start phasing out. Right now, the 258,000 people who live on-farm are in the same boat as the rest of New Zealand. We’ll be paying more from 1 July next year,” Mr Nicolson concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news