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

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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