Wednesday, 27 July 2022 12:42

Crisis move

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: When three senior Government ministers issue a media release on a Sunday afternoon extending cost of living support, eyebrows are rightly raised.

So, when Grant Robertson (Finance), Megan Woods (Energy) and Michael Wood (Transport) recently announced "significant additional support", they knew something we didn't.

Sure enough, the next day, Stats NZ released its quarterly Consumer Price Index for the three months to June and it wasn't happy reading.

The cost of living crisis is getting worse as inflation hits 7.3%, the highest increase since 1990. The increase was largely driven by rising rents and construction costs.

Let's hope the next quarterly Consumer Price Index contains less doom and gloom.

More like this

M.I.A.

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.

Synthetic milk

Synthetic milk

OPINION: Will synthetic milk derail NZ's economy?

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

Red line on dairy

OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.

Farmland security

OPINION: Paranoia about foreigners is at an all-time high in the US and attention is now turning to foreign-owned farmland.

Popular Reads

Hawke’s Bay farmers donate livestock to support rescue helicopter

A Hawke's Bay farming family of self-confessed 'frequent flyers' has donated the proceeds from their spring lambs.

Dawn Meats confirms no Alliance plant closures

The new majority owner of meat company Alliance has no plans to close any processing plants. Instead, Dawn Meats plans…

Waituna Lagoon consent puts farms at risk, Federated Farmers Say

According to Federated Farmers, Environment Southland has mishandled the consent process for Waituna Lagoon, leaving the community with numerous bad…

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment,…

Winston Peters calls Fonterra vote result 'utter madness'

New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of…

Featured

AIMER, Bovonic and Herd-i join forces to advance NZ dairy tech

Three New Zealand agritech companies are set to join forces to help unlock the full potential of technology.

Farmers urged to ‘take a moment’ as peak injury season approaches

As the sector heads into the traditional peak period for injuries and fatalities, farmers are being urged to "take a moment".

Feds campaign on 'broken resource consent system' gaining traction

Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.

Zespri SunGold and Green Kiwifruit volumes rise in Northern Hemisphere programme

Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.

NZVA urges animal owners to help fight antibiotic resistance through preventative care

Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.

US, EU and UK drive NZ red meat export boom to $827m

According to analysis by the Meat Industry Association (MIA), New Zealand red meat exports reached $827 million in October, a 27% increase on the same period last year.

National

Fonterra directors set for pay rise pending AGM approval

Fonterra directors and councillors are in for a pay rise next month.

Rabobank 2026 Outlook: Geopolitics shapes global agriculture

The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate…

McDonald’s NZ spends $235m on local farmers in 2024

Feeding more than 1.5 million people a week takes more than quick service, it takes the ongoing work of New Zealand…

Fonterra shaves 50c off forecast milk price

Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward…

BNZ: $10 milk price now unlikely for 2025/26 season

The chance of a $10-plus milk price for this season appears to be depleting.

Machinery & Products

Claas Jaguar 1000 Series sets new forage harvesting world record

The recently released Claas Jaguar 1000 Series has seen its flagship 1200 set a new official Guiness World Record in…

CB Norwood appoints John Skurr as new general manager

CB Norwood Distributors Limited has announced the appointment of John Skurr to the position of general manager.

Polaris unveils mid-size utility side-by-side

Polaris Off Road has unveiled the 2026 Ranger 500, an all-new mid-size utility side-by-side aimed at bringing the quality and…

Carrfields expands South Island footprint with Agricentre South Kubota dealership acquisition

Two of the South Island’s agricultural machinery dealers are undertaking strategic changes designed to deliver even greater specialist support to…

Samasz Z4-1550 Four-Rotor Rake & KDX Mowers Debut at Agritechnica

In an already crowded market, Polish machinery manufacturer Samasz is set to unveil a prototype of its Z4-1550 four-rotor rake at…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Price cut coming?

OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.

Butter price melt

OPINION: Are the heydays of soaring global demand for butter over?

» eNewsletter