ANZ defends farm lending rates
The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.
John Key says there needs to be a balance between encouraging agricultural production and protecting the environment.
Speaking at Federated Farmers National Council meeting in Wellington last week, he said while the country had an obligation to take opportunities the agricultural sector provides, everyone must act in a most environmentally responsible way.
"National is committed to creating the right environment for farming to grow and become more productive, but in a responsible manner," he says.
Key also touched on the benefits of what he called 'well-designed water storage and irrigation systems'.
"Irrigation increases the productivity of our farmland, protects against droughts and takes the uncertainty out of water flows for farmers and recreational users. Water storage is good for the environment and allows for the replenishment of aquifers."
Key also used the speech to launch National's trade policy and spoke about the importance of agriculture in any agreement negotiated by New Zealand.
"I can assure you that any government that I lead will walk away from any trade agreements that exclude our principle export interests."
Key emphasised the value of government led trade missions saying they played a vital role in opening doors that businesses alone could not do. He pointed out that much of the huge growth in the Chinese market was due to these missions. Key promised that in the next three years, his government, if elected , would lead 28 such missions to New Zealand's major trading partners including Australia, China the US and Japan.
Finally, the Prime Minister stressed that any ETS relating to agriculture may not go ahead in 2015 as planned if other trading partners had not made further progress with their climate change policies to reduced emissions.
Key told delegates that while his party was on record as planning for the gradual phasing in of the ETS in 2015 and was committed to reviewing this in 2014.
"If elected, National will not impose a liability of an ETS on farmers unless there are practical technologies to deal with emissions," he explained. "It is not fair to tie the hands of our agricultural producers when their competitors do not face similar regimes, and the ability to reduce emissions is simply does not exist." he says.
Key's speech was not his normal jovial off-the-cuff missive. He appeared somewhat tense delivering a carefully crafted appeal for the rural vote
At the end of his speech, he stayed to answer questions on such issues as rural roads, the role of Landcorp and the RMA. However, the mainstream media pack was not there to hear about trade policies, but to question him on the 'Epsom tea party'. This eventually led Key refuse to answer questions on the topic and abruptly leave the press conference.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
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