NZ red meat sector hits out at US tariff hike
New Zealand's red meat sector says the United States' decision to increase tariffs on New Zealand exports is disappointing.
The Labour Party has sent “blank invoices” to farmers around the country, says Primary Industries Minister Nathan Guy.
The invoices don’t have “any details about the price,” he says.
“There is something different about this invoice compared to an invoice a hard working farmer receives after buying feed, a new tractor or repairing his irrigation system.
“The farmers have received the bill but they don’t know how much it will cost them,” he told Dairy News.
Guy says the proposal to charge a royalty for irrigated water on farms is a ludicrous policy.
He is urging farming leaders to meet Labour’s new leader Jacinda Ardern over the next two weeks and seek more detail on the proposal.
“Labour must be upfront with the farming community rather than hiding until after the election.”
Guy says Labour is also proposing large setbacks for riparian planting on farms.
Dairy farmers have already planted 27,000km of fences along waterways, fencing off 97% of them.
Guy says pushing back riparian planting would result in loss of productive land and impose further costs like mechanical cleaning of waterways with diggers, which most farmers do once a year.
“Labour wants all the posts and wires ripped out and pushed back; is it one metre or four metres further out?”
He told Parliament that Labour’s proposed water policy sucks. “It is badly thought out, badly implemented and damages the most productive sector of our economy -- the primary industries.
“Labour has slammed the door shut on the primary sector. Damian O’Connor (Labour’s rural spokesman) got smashed to pieces… he got smashed by a caucus more excited by the urban vote than the rural vote.
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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