Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Rural Outlook Positive

The latest Situation Outlook for New Zealand Agriculture and Forestry report pointed to a period of prosperity for rural people, Rural Affairs Minister Jim Sutton said today.

The SONZAF report, published by the Ministry of Agriculture and Forestry today, says that the outlook for agriculture and forestry to 2004 is underpinned by generally improving world growth prospects, and continuing low exchange rates for the New Zealand dollar with respect to major trading partners.

Stable to rising prices for key export products are expected, and together with rising beef numbers, rising dairy numbers, expanding wood volumes, and continuing productivity growth, the outlook for agriculture and forestry is promising.

The value of meat exports are projected to increase from $3.19 billion this year to $3.52 billion by 2004. During the same time, wool exports are projected to increase from $0.76 billion this year to $0.85 billion in 2004, while dairy exports are projected to rise from $4.53 billion this year to $6.08 billion in 2004. Other pastoral products (such as hides and skins) are projected to rise from $0.90 billion this year to $1.09 billion in 2004.

The value of kiwifruit exports is projected to rise from $467 million this year to $528 million in 2004, while apple exports value is projected to fall from $480 million this year to $426 million in 2004. Other horticultural products' value are projected to rise from $806 million this year to $963 million in 2004.

The value of forestry exports is projected to increase from $2.93 billion this year to $4.22 billion in 2004.

New data in the SONZAF report estimates the costs to the economy of the Asian financial crisis, the Russian financial crisis, and two years of drought at about 2.8 per cent of gross domestic product.

Mr Sutton said the SONZAF report highlighted the importance of agriculture and forestry to the New Zealand economy.

"The impacts of the Asian and Russian financial crises and two years of drought had a big impact on New Zealand's earning capacity. More than 60 per cent of our exports are from primary production.

"While it's no longer true to say New Zealand earns its living on the sheep's back, our farmers and the products of their labour are still critical to the health of our country."

The impacts of the Asian and Russian financial crises also show how vulnerable to external factors the New Zealand economy is. Climatic changes can also cause huge problems for exports.

Mr Sutton said the SONZAF 2000 report's forecasts were based exchange rate outlook as at 11 August 2000 of US48 for year ending March 2001 and a slow appreciation from then on. Currently, it is about US40 cents.

"This means that the lower exchange rate is likely to mean higher earnings thatn predicted for exporters in the short term, at least."

The SONZAF report is available on the internet at www.maf.govt.nz, or from MAF on request.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

New Reports: Flood Risk From Rain And Sea Under Climate Change

One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.

Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...

There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>

ALSO:

 
 

Gordon Campbell: On The Commerce Commission Fuel Report

The interim Commerce Commission report on the fuel industry will do nothing to endear the major oil companies to the New Zealand public... More>>

ALSO:

Emergency Govt Bill: Overriding Local Licensing For The Rugby

“It’s pretty clear some clubs are having difficulty persuading their district licensing committees to grant a special licence to extend their hours for this obviously special event, and so it makes sense for Parliament to allow clubs to meet a community desire." More>>

ALSO:

Leaving Contract Early: KiwiBuild Programme Losing Another Top Boss

Ms O'Sullivan began a six-month contract as head of KiwiBuild Commercial in February, but the Housing Ministry has confirmed she has resigned and will depart a month early to take up a new job. More>>

ALSO:

Proposed National Policy Statement: Helping Our Cities Grow Up And Out

“We need a new approach to planning that allows our cities to grow up, especially in city centres and around transport connections. We also have to allow cities to expand in a way that protects our special heritage areas, the natural environment and highly productive land." More>>

ALSO:

Ombudsman's Report: Ngāpuhi Elder 'Shocked' By Conditions At Ngawha Prison

A prominent Ngāpuhi elder is shocked to find inmates at Ngawha Prison are denied water and forced to relieve themselves in the exercise yard... Chief Ombudsman Peter Boshier has released a report highly critical of conditions at the Northland prison. More>>

ALSO:

Promises: Independent Election Policy Costing Unit A Step Closer

The creation of an entity to provide political parties with independent and non-partisan policy costings is a step closer today, according to Finance Minister Grant Robertson and Associate Finance Minister James Shaw. More>>

ALSO:

School's In: Primary And Intermediate Principals Accept New Offer

Primary and intermediate school principals have voted to accept a new settlement from the Ministry of Education, which includes entrenched pay parity with secondary principals. More>>

ALSO:

IPCA On 'Rawshark' Investigation: Multiple Police Failings In Hager Searches Confirmed

The Independent Police Conduct Authority has found that the Police's unlawful search of Nicky Hager's property in October 2014 resulted from an unwitting neglect of duty and did not amount to misconduct by any individual officer... More>>

ALSO:

Broadcasting Standards: Decisions On Coverage Of Mosque Attacks

The Authority upheld one of these complaints, finding that the use of extensive excerpts from the alleged attacker’s livestream video on Sky News New Zealand had the potential to cause significant distress to audiences in New Zealand, and particularly to the family and friends of victims, and the wider Muslim community. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels