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


NZ Primary Sector The Fuel For The Post Pandemic Engine Room

Bank of New Zealand’s (BNZ) Shift Happens Agribusiness survey reveals a significant change in the mindset of New Zealand primary producers with the vast majority excited about the primary sector’s prospects post COVID-19.

The survey, conducted before and during the COVID-19 lockdown, found a marked shift in mindset of New Zealand’s primary producers whose pre-COVID-19 outlook improved from 58% positive about the opportunity to embrace a new future for their agribusiness, to 89% being excited about their pivotal role in supporting the New Zealand economy.

BNZ’s Shift Happens Agribusiness survey also found:

  • Less than 30% of primary producers accessed government support during or after lockdown
  • Managing water resources is front of mind for the horticulture industry and beef and sheep farmers who are concerned about the impacts of limits on water use and waterways management now (35%) and over the next five years (43%)
  • Dairy farmers are focused on reducing greenhouse gas emissions with 39% likely to put a plan in place to reduce their emissions profile and more than a quarter actively planning to do so (27%)
  • Primary producers see quality as the most important consumer consideration with sustainability vaulting integrity, safety and price as the second most important over the next five years
  • More than half of primary producers anticipate deploying more technology in their agribusiness to deliver sustainability and quality through improved production management, financial reporting, soil efficiency and animal welfare
  • Mapping is used by more than half of farmers (52%) to increase productivity and manage inputs with cloud-based accounting also a commonly used technology on farm.

Dave Handley, BNZ General Manager Agribusiness, says New Zealand’s primary producers are encouraged by what they see as a return to the fundamentals of the New Zealand economy and how important their role is in the country’s rebuild.

He says, “COVID-19 was a kick in the guts for many, but a return to form for our primary producers. Farmers are excited about shouldering a large part of the responsibility to rebuild the economy and their prospects for the future.”

Handley says heightened awareness of essential services and food provision has increased understanding of what the primary sector means to New Zealand.

“For the first time, many New Zealanders experienced limited options on the supermarket shelves and not being able to purchase what they wanted. It forced people to reconsider our food system and reconnect with the pasture-to-plate supply chain.

“The farmers I talk to believe there’s been a softening in the urban / rural divide. More Kiwis now understand the important role of the primary sector to put food on the table and steer the economy out of recession,” he says.

100% Pure

Handley says New Zealand’s virus-free status coupled with its existing reputation for safe, sustainable, high quality food will be firmly in the sights of the global consumer.

“Consumers globally are hunting for health and seeking out items from countries that care for people, their environment and the products they produce. New Zealand is in the sweet spot.

“Globally, New Zealand’s reputation is strong. We’ve beaten the virus, our economy has started up more quickly than others and our reputation for safe, high quality nutrition remains undented.

“We’ve reclaimed the 100% Pure tag and we need to focus our efforts on leveraging these attributes in global markets now before the window closes,” he says.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>