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

 


Future planning pays dividends

Future planning pays dividends

25 January 2013

New Zealand’s weather patterns are shifting and temperatures are warming. Looking to the future, farmers, foresters and growers can expect a mixed bag of opportunities and challenges. Planning for future conditions now, rather than the past is important.

Key impacts and management responses to a changing climate on cropping, farming and forestry systems are presented in a newly released summary report from the Ministry for Primary Industries.

The research shows that pasture, crop and tree growth rates are expected to increase but so too are droughts and floods. The experience and skills farmers and growers already have will hold them in good stead says the report. Just relying on ‘business as usual’ won’t be enough but those skills will remain important.

“New Zealand’s temperate climate gives us our competitive advantage in our export markets” Julie Collins, Acting Deputy Director General, MPI says. “Any change in that climate means that we need to know what’s happening on our land to stay ahead of the game”.

Impacts vary by region, farm type and crop. A range of things can be done to production systems that will also improve profitability. Shifting spring breakeven dates, changing cropping timetables or altering pruning regimes could all help.

Julie a forester by training knows the risks of drought and the value of being prepared. “The day to day tasks are important but being profitable means making sure the business is heading in the right direction over the long-term.” Her take home message is “a successful business is about taking opportunities, planning and making investments and this means managing risk, including climate. This report gives people a heads up on what a changing climate means, with ideas to help manage that risk”.

The land-based sectors are well-positioned to capture opportunities and meet the challenges ahead.

See MPI’s website for a copy of the summary report
http://www.mpi.govt.nz/Default.aspx?TabId=126&id=1581 .


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news