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

 


Rural contracting nears a billion-dollar-a-year industry

Rural contracting nears a billion-dollar-a-year industry

New Zealand’s rural contracting industry contributed almost a billion dollars to the country’s economy last year, according to recently published research.

Rural Contractors New Zealand (RCNZ) says a report, prepared for it by research company Infometrics, shows that the rural contracting sector contributed some $947 million to New Zealand’s GDP in 2013.

“This research shows that the rural contracting industry is not only a major contributor to our all-important agri-sector, but also a strong and vital part of New Zealand’s over all economy,” says RCNZ chief executive Roger Parton.
This contribution to the national economy came from some 5255 registered rural contracting businesses.

Mr Parton says the Infometrics research demonstrates how the rural contracting industry experienced rapid growth in economic output between 2000 and 2008 – expanding by 4.1% a year compared with the national economy growth of only 2.7% over the same period.

“The sector’s economic output peaked in 2008 and eased back in recent years, due to cautious spending in the agricultural sector in the aftermath of the GFC,” he adds. “However, Infometrics expects demand for rural contracting to expand back towards its previous peak again, as farmer confidence – buoyed by a sustained period of elevated commodity prices – returns in the coming years.”
Mr Parton says another key finding of the research is the nearly 18,000 people employed by rural contractors. The report found that an average of 17,984 people were employed in the rural contracting industry up until March 2013.

“This clearly demonstrates the growing importance and influence of rural contracting in the agricultural sector and the need for our politicians and policy makers to better understand the industry and its needs.

“This report also shows that the rural contracting sector is well and truly contributing – and will to contribute – to New Zealand’s ‘rock-star’ economy in the coming years ,” Mr Parton concluded.

[Ends]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news