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


Make the most of the increase in exports - It won't last

The biggest increase in volume of meat and dairy products in five years boosted our manufacturing sales in the March quarter.

50 shades of green spokesman, Mike Butterick suggested Kiwi’s make the most of the money now because it won’t last into the future.

“With farms going to forestry at a rate of knots our prosperity from meat and dairy won’t continue,” Mike Butterick said.

“While its great meat and dairy increased by 11% you need good fertile land to farm.

“When that land goes into forestry there’s no return to New Zealand for almost 30 years.

“While the right tree in the right place is great the blanket planting of productive farms isn’t.

“The government needs to act now and stop blanket forestry or the horse driving our economy will have well and truly bolted,” Mike Butterick said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


1.5 Percent: Official Cash Rate Unchanged

The Official Cash Rate (OCR) remains at 1.5 percent. Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives. More>>


IMF On NZ: Near-Term Boost, Risks Tilted To Downside

New Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly tilted to the downside, according to the International Monetary Fund. More>>


Traceability: NZ To Track Satellites, Eggs

The New Zealand Space Agency (NZSA) is continuing to build its capability as a regulator of space activity with a new pilot project which allows officials to see real-time information on the orbital position of satellites launched from New Zealand. More>>


OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>


RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>