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

 


Meat Sector PGP Could Halt ‘Race To The Bottom’

MEDIA RELEASE

FREEPHONE 0800 327 646 I WEBSITE WWW.FEDFARM.ORG.NZ
___________________________________________________________________

29 January 2013

Meat Sector PGP Could Halt ‘Race To The Bottom’

Federated Farmers Meat & Fibre is excited by Beef+Lamb New Zealand and its partners winning Primary Growth Partnership (PGP) funding that could supercharge New Zealand’s red meat exports.

“We should not be in any doubt that the international demand for red meat is there but the problem is articulating that into the returns our farmers and our country need,” says Jeanette Maxwell, Federated Farmers Meat & Fibre Chairperson.

“In the year to December 2007, red meat exports represented around 58 percent of dairying’s export value. But in the year to December 2012, that figure has fallen to 45 percent.

“If we had kept up the percentage recorded in 2007, our exports today would be some $1.4bn greater. That difference is more than what the entire fishing industry earns so this “Collaboration for Sustainable Growth” PGP stacks up, whichever way you look at it.

“We often hear talk about the need for ‘new’ exports and ‘new’ industries but what about taking what we do and doing it a lot better. Meat is the proverbial ‘better mousetrap’ and the PGP is the key to inventing it.

“What we have traditionally lacked is unity but now we have a “Who’s Who” of the processing sector engaged in the Beef+Lamb led PGP; AFFCO, Alliance Group, ANZCO Foods, Blue Sky Meats, Progressive Meats and Silver Fern Farms.

“Then we have ANZ Bank, Deloitte and Rabobank also signed up.

“Right now the rural media is abuzz with negative news reflected in Federated Farmers soon to be released, mid-season farm confidence survey. I know of farmers getting returns for prime breeding ewes that are 50 percent down on the same time last year.

“Experience like this has generated a lot of comment about the need to cut over-capacity. While there is some merit to that, it is to me the wrong argument because we need to grow and fill global markets.

“This in turn would create an industry young people aspire to. Farmers sorely need better returns to create sustainable and viable businesses. At times our revenue has seemingly resembled an oscillograph.

“When we did put some good consecutive seasons together, we not only saw sheep numbers stabilise but farmers investing in productivity.

“A lot rides on this PGP shaping a united and valued adding export front. If we can get that and the returns to match, farmers will reciprocate by buying into initiatives growing the sector benefitting not just us but all New Zealanders.

“That starts with farmers voting to support Beef+Lamb’s proposal. Early next month farmers will start receiving information packs with the vote closing on 8 March at Beef+Lamb’s annual general meeting,” Mrs Maxwell concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

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:

Get More From Scoop

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