Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Bail out of AgResearch highlights need for funding

December 8, 2008
For Immediate Use
PSA says bail out of AgResearch highlights need for more stable funding

“The $1.8 million bail out of AgResearch by the Foundation for Research, Science and Technology highlights the need for the government to provide more stable funding for the country’s crown research institutes,” says PSA National Secretary Richard Wagstaff.

AgResearch says the transitional funding from the foundation will allow “a significant reduction” in the number of scientific and technical staff it will be laying off.

So far 25 scientific staff have accepted voluntary redundancy as AgResearch seeks to cut costs by $5 million this financial year due to a number of factors including a significant downturn in the sheep and beef industries.

“The fact that AgResearch, our largest crown research institute, is laying off science staff because of a lack of money shows the urgent need for stable funding for CRI’s,” says Richard Wagstaff.

“New Zealand can’t afford to lose scientists whose research helps farmers and the food and textile industries to earn billions of dollars a year in exports.”

Richard Wagstaff says the Foundation for Research Science and Technology recognises this situation and has taken action.

“The foundation is providing $1.8 million because it’s concerned that AgResearch is losing research capability that it won’t be able to get back.”

“Now we need the government to act to ensure that AgResearch, and our other crown research institutes, have the stable funding they require to hold onto staff with specialised knowledge and skills,”says Richard Wagstaff.

The PSA has sent new Science, Research and Technology Minister Wayne Mapp a briefing paper. It outline the need to ensure all 9 crown research institutes –which do research in productive areas of the economy like farming, fishing, horticulture and technology – have more stable funding rather than being so reliant on contestable funding.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Snail's Pace: Aucklanders Face Frustrating Commute Over Harbour Bridge

Journeys into Auckland's CBD took longer than usual as traffic banked up around the damaged Harbour Bridge. More>>


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>


SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>


FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>