Tuesday, 27 May 2025 11:25

Unserious greens

Written by  Milking It

OPINION: The Greens aren't serious people when it comes to the economy, so let's not spend too much on their fiscal fantasies.

It's worth noting though that NZ's merchandies trade surplus in April 2025 was $1.4 billion, compared with a deficit of $12 million in April 2024, according to Stats NZ.

New Zealand has had only four monthly surpluses over $1 billion.

This one, and the others, are thanks to farmers.

And yet, the 'Green Budget' includes a 2.5% annual tax on a couple's net assets over $4 million and a 33% tax on inheritances over a $1 million threshold.

This would see land held within the family for generations sold off just to pay the tax bill and, as Andrew Hoggard says, we'd see "a scarring effect on rural communities, a sledgehammer to rural investment, and food production shifted offshore".

More like this

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.

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its cows and instead charge visitors to cuddle them.

Featured

Editorial: Nitrate emergency?

OPINION: Environment Canterbury's (ECan) decision recently to declare a so-called “nitrate emergency” is laughable.

Federated Farmers slam Canterbury nitrate emergency

A shameless political stunt is how Federated Farmers is describing the Canterbury Regional Council decision to declare “a nitrate emergency” on the back of its latest annual groundwater quality survey.

National

Machinery & Products

New McHale terra drive axle option

Well-known for its Fusion baler wrapper combination, Irish manufacturer McHale has launched an interesting option at the recent Irish Ploughing…

Amazone unveils flagship spreader

With the price of fertiliser still significantly higher than 2024, there is an increased onus on ensuring its spread accurately at…

» Latest Print Issues Online

Milking It

Tough times

OPINION: Dairy industry players are also falling by the wayside as the economic downturn bites around the country.

MSA triumph

OPINION: Methane Science Accord, a farmer-led organisation advocating for zero tax on ruminant methane, will be quietly celebrating its first…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter