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

 


Farmers ‘we’re back’ following the 2013 drought

Farmers ‘we’re back’ following the 2013 drought


Agricultural production has turned in a stellar performance in the September quarter, which has helped to lift Gross Domestic Product (GDP) in the quarter by 1.4 percent. All this on the day China has overtaken Australia as our single largest export market.

“I can safely say ‘were back’ from the drought with agricultural production up 17 percent for the September quarter,” says Bruce Wills, Federated Farmers President.

“That said, the lingering after effects of drought still means we’re down 5.6 percent compared to this point last year.

“To me, this reaffirms why water storage is essential economic infrastructure to meet not only surging demand for our primary exports, but whatever a changing climate will throw at us.

“I’ll leave it to the economists to deduce what the opportunity cost of this year’s drought is but small it is not.

“We have also seen a historic shift in our export profile with exports to China overtaking Australia for the first time ever on an annual basis.

“I thought it would have taken until next year, but it shows everyone how explosive trade growth is when made possible by free trade agreements,” Mr Wills concluded.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news