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

 

DairyNZ: Budget Spending Needs A Long-term Vision

The Budget’s focus on jobs, infrastructure and the environment has hit the spot, but the devil will be in the detail for the dairy sector, says DairyNZ chief executive Dr Tim Mackle.

“Today’s budget includes some promising and practical initiatives to create jobs, while enhancing New Zealand’s environment,” said Dr Mackle.

"Dairy farmers will be particularly pleased to see a $19.3 million investment to place 10,000 people into primary sector jobs. Our sector is already facing a 1000-person skill shortage that will be greatly exacerbated by COVID-19 and an inability to recruit migrant staff.

“With unemployment forecast to hit 9.8 percent by September, we are hoping many kiwis will consider a career in our world-leading dairy sector. DairyNZ’s new career changers campaign, Go Dairy, will ensure new entrants to the sector will hit the ground running.

“A $3 billion dollar investment in infrastructure is welcome news for rural New Zealand – but while the dollars are there, the detail isn’t. DairyNZ will be engaging with Government in coming weeks and months to ensure water storage, rural broadband and enhanced mobile coverage are priorities.

“While a significant infrastructure spend is required, we are incredibly conscious these projects are funded by debt that will need to be repaid by future generations,” said Dr Mackle.

“We need to ensure that any investment is strategic, has a long-term vision and will pay dividends for years to come. Investing in a coordinated national water storage strategy is an example of a project that ticks all these boxes.

“A coordinated approach to water storage would help unlock economic potential, ensure land-use flexibility, and increase the resilience of our rural communities in the face of drought and a changing climate.

“DairyNZ is also happy to see substantial investment will be delivered in partnership with local government, business and farmers. We believe this will ensure money reaches the right places and delivers more bang for tax-payer buck.

“Fencing, planting and pest eradication are all things dairy farmers have been focusing on for well over a decade and the Government funding will be a real shot in the arm to help further improve water quality, climate and biodiversity outcomes,” Dr Mackle concluded.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

It’s All In The Genomes: New Study Reveals Scale Of Havelock North Campylobacteriosis Outbreak

When the campylobacteria outbreak hit Havelock North in 2016, no-one fully understood how widely it affected the local communities. Gene-sequencing technology used by scientists has shown the true scale of the outbreak. The joint study from ESR, Massey ... More>>

ALSO:

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:


ASB: Regional Economic Scoreboard Q1 2020

ASB NZ Regional Economic Scoreboard Gisborne still the place to be It has been Gisborne’s year, and the region comes out tops on our regional rankings for the fourth successive quarter. Like everywhere, question marks are about the COVID-19 impact on the future. ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: