Parliament

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

 

Chinese control of our meat industry

Rt Hon Winston Peters

New Zealand First Leader

Member of Parliament for Northland
12 AUGUST 2016

CHINESE CONTROL OF OUR MEAT INDUSTRY

New Zealand First says Silver Fern Farms’ shareholders will regret selling majority control of their co-op to the Chinese but expects the Overseas Investment Office will greenlight it at breakneck speed.

“Today was the owners of Silver Fern Farms last chance to preserve one of New Zealand’s great assets for present and future farmers,” Mr Peters says.

“Last year, the suits and directors at Silver Fern Farms (SFF) said the co-op was in crisis and faced receivership or liquidation. They now say last year was a good year, so this 180 degree about-turn condemns them out of their own mouths.

“Then again the directors, the very people who got the co-op into this mess, carved out a $7m slush fund for themselves - the purpose of which shareholders both didn’t know and more pointedly, didn’t want to know about.

“Only so much can be done for an industry which is voluntarily following infant formula into foreign control. I guess it proves ‘you can take a horse to water but you cannot make it think’.

“As parts of the added value operation start to close around the country and plans are hatched to shift value-add processing abroad, large sections of provincial New Zealand will see that they were simply sold down the drain.

“Typically, not one member of the National Party caucus had the guts to raise a finger in protest. Then again most of them wouldn’t know a cow from a bull.

“If the Chinese do complete this deal, it will mean a majority of New Zealand’s red meat industry will be in foreign hands. Most of ANZCO is Japanese, while foreigners have big stakes in Blue Sky, United Beef Packers and Lean Meats.

“That doesn’t count the debacle that was Chinese-owned Prime Range Meats. It really does not bode well for the remaining Kiwi owned processors because foreigners will control the price on the hook in New Zealand. They’ll make up the difference in value-add offshore and those offshore profits will not be going to New Zealand farmers.

“It is bizarre shareholders would do this given all the heavying of Zespri and Fonterra in retaliation for complaints over Chinese steel being dumped here. Chinese control will also cause massive problems in a highly sensitive and lucrative United States beef market.

“How is it that foreigners can see value in what we produce, but the producers and this government can’t? Meat progressively joins forestry and increasingly dairying to condemn farmers as price takers at the bottom of the heap.

“As for the stock transportation arrangements established within SFF without any proper disclosure to shareholders, it will become a matter for the Serious Fraud Office,” says Mr Peters.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

RNZ Live Updates: SkyCity Fire Brings Auckland CBD To A Halt

The fire at Auckland's SkyCity international convention centre has been raging for more than a day resulting in nearby offices being shut, roads closed and health warnings being issued...

• The fire broke on the roof of the SkyCity international convention centre just after 1pm Tuesday.

• Fire and Emergency manager Ron Devlin says the plan is to "sacrifice the roof". Once materials from the roof have fallen in, crews can go into the fifth floor and put the fire out, he says. Photo: RNZ / Danielle Street More>>

 

Gordon Campbell: On Simon Bridges And Political Correctness

Having failed all year at being a credible alternative Prime Minister, National leader Simon Bridges has lowered his aspirational target this week to something more within his range. More>>

Bullying: Police Commissioner Announces Review

Police Commissioner Mike Bush has today announced an independent review of the systems and processes NZ Police has in place to address complaints of bullying. More>>

ALSO:

PM's Post-Cab: Now We Are Two

Questions covered Deputy Prime Minister Winston Peters' comments on the potential closure of Mediaworks' television channels, the Auckland light rail planning process, the select committee report on the Zero Carbon Bill and its methane target range... More>>

Court Issues New Guildines: Revamp Of Meth Sentencing Welcomed

The court accepted submissions by both the New Zealand Bar Association and the New Zealand Law Society that rather than solely focusing on the quantity of meth involved, there should be greater focus on the role of the offender. More>>

ALSO:

'Armed Response Teams': Armed Police "Will Cause American-Style Shootings"

The Police Commissioner's announcement that squadcars of officers with automatic rifles will patrol New Zealand's streets is dangerous and unnecessary, according to the criminal justice community organisation People Against Prisons Aotearoa. The ... More>>

ALSO:

Control Orders: Amnesty Says Don't Rush Terrorism Bill

"The problem is, we often see the word “terrorism” being applied broadly by oppressive regimes to detain innocent people who're simply rallying for a better life." More>>

ALSO:

Expert Reaction: $17 million To Fight Online Extremist Content

The Department of Internal Affairs will double its work investigating and preventing violent extremism online. Funding will also help bolster the Chief Censor's work to make fast decisions about harmful content. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels