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

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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