Editorial: Keeping the Govt honest
OPINION: Federated Farmers' latest farmer confidence survey results won’t surprise too many people.
At a time when New Zealand's rural sector is already carrying a large can to keep the country's finances in the black, it looks like that can will get a little heavier.
The Government's recently released Clean Car Discount Package is designed to encourage the uptake of electric vehicles with cash rebates of up to $8,625 for those purchasing "pure" electric vehicles (EV).
While the ida of everyone driving around in EVs is laudable, from January 2022 the sting in the tail will be a penalty of around $3,000 on the purchase price of utes, which will be used to subsidise the "go green" initiative.
This means that farmers, rural supply companies and an army of tradies who need these larger vehicles for their day-to-day work, will be subsidising urban dwellers to help them buy a low emission runabout or town car.
The penalty may increase even further in January 2023 when the Government's Clean Car Standards come into play - aimed at penalising manufacturers of vehicles with higher CO₂ emissions, meaning a further hike in purchase prices.
David Crawford, chief executive of the Motor Industry Association, says the problem for users of such vehicles is there are currently no alternatives available. He says while there is talk of electric utes being available by 2030, even hybrid utes are not likely before the middle of the decade.
In the same vein, DairyNZ chief executive Tim Mackle is suggesting that because of the fact that vehicles of this type are essential for farmers and rural professionals, rather than a "nice to have" purchase, they should be exempt from the scheme until other greener options are readily available.
Some industry observers are suggesting that the financial implications of the government initiative might result in some users holding on to and running older, dirtier vehicles, while trade-in prices for these vehicles is likely to take a hit.
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
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