Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Government should stop sitting on its hands

Government should stop sitting on its hands

Social Credit is calling on the government to stop sitting on its hands and take an active part in protecting New Zealand's dairy processing industry from complete foreign takeover.


The decision by Westland Milk farmers to sell their shares in New Zealand's second largest dairy company to China's Inner Mongolian Yili group, will give Yili a major foothold in the market, and put Fonterra on notice that it is the next likely target of the Chinese conglomerate.


Song Liang, an independent dairy analyst, has said the deal will further complete the supply chain of Yili. He added this deal was only a beginning of Yili's large-scale acquisitions in the next 1 or 2 years.


As China is estimated to overtake the US as the largest dairy market in the world by 2022, Yili is clearly making a pitch for efficiency by aiming to control the production and shipping of product from New Zealand.


Federated Farmers president Katie Milne has called the overwhelming vote of farmers for the Westland sale "absolutely stunning" due to the 94% turnout.


I have to wonder what superlatives she will use to describe Fonterra farmers selling their shares in a similar situation.


Yili's dominance in the Chinese market and its ability to manipulate the price it pays for Fonterra's product, could well make that situation much closer on the horizon than most people realise.


What would have been “absolutely stunning” was for the government to offer Westland Milk and it's farmers an overdraft facility from New Zealand’s Reserve Bank to tide them over their current problems.




It's ludicrous that foreign capital is seen as an investment, yet local capital provided by the country's own bank is seen as socialism or subsidy.


One sees profits being exported overseas adding to our balance of payments problems, and the other sees profits staying in New Zealand being spent in the communities in which they were generated.

It's time the government decided which is best for New Zealanders.

It's not too late to get off its hands and rescue Westland Milk, its farmer shareholders, and the dairy industry.

Katie Milne and Federated Farmers could lead that approach to the government.


Chris Leitch

Social Credit Party Leader

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


'Public Safety': Next Firearms Reform Plan Announced

The next Arms Amendment Bill will:

• Establish a register of firearms and licence holders to be rolled out over 5 years
• Tighten the rules to get and keep a firearms licence
• Tighten the rules for gun dealers to get and keep a licence
• Require licences to be renewed every five years
• Introduce a new system of warning flags so Police can intervene and seek improvement if they have concerns about a licence holder’s behaviour
• Prohibit visitors to New Zealand from buying a gun... More>>

 

Ihumātao Development: Protesters Served Eviction Notices

Ihumātao is next to the Ōtuataua Stonefields Historic Reserve in Māngere, home to New Zealand's earliest market gardens and a significant archaeological site on land considered wāhi tapu (sacred) by local hapū and iwi. More>>

Separation: Law Commission Recommends New Law For Dividing Property

The Law Commission recommends a range of changes to make the law fairer for partners dividing property on separation. More>>

ALSO:

'ClimbIt Crisis: Greenpeace Climbers Seek OMV Majestic Centre HQ

The two Greenpeace climbers who are scaling the outside of the tallest building in Wellington have unfurled the first of a series of banners. More>>

ALSO:

Suspect Was Also Kicked: Shots Fired To Warn Fleeing Driver Not Justified

The Independent Police Conduct Authority has found that an officer's decision to fire three warning shots to stop a fleeing driver from reversing towards him was not justified. More>>

ALSO:

Gordon Campbell: On Being Australia's Pacific Go-Fers

Inevitably, there was an aspect of ‘what might have been’ about the weekend’s meeting in Canberra between PM Jacinda Ardern and her Australian counterpart, Scott Morrison... More>>

ALSO:

RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>

ALSO:

Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels