Cyclone-ravaged orchardists facing balance sheet woes
Many companies are financially mortally wounded by the effects of Cyclone Gabrielle and may have to sell up because of their high debt levels.
As farmers and growers continue to re-establish their businesses in the wake of Cyclone Gabrielle, the Government has announced a boost of $26 million to meet the need in the recovery efforts.
The boost sits alongside the initial $4 million rural community recovery fund already available to sector and regional organisations.
Agriculture Minister Damien O’Connor says the priority is to help rural communities get back on their feet as quickly as possible.
“Farmers, growers, whenua Māori owners and other rural businesses drive the economies of the regions affected by Cyclone Gabrielle,” O’Connor says.
“It’s important they have access to help now to protect future production, for example enabling remediation around tree bases to save vital trees and vines, clearing silt to improve farm access, and making repairs to stock water systems, culverts, and fencing.”
O’Connor says ministers have been on the ground in affected regions talking with farmers and growers.
“They’ve told us the grants are providing certainty of immediate funding, which has given them the confidence and reassurance to start remediating their farms and orchards.”
Finance Minister Grant Robertson says the funding extends the help available through the $25 million farmer and grower grant package announced last month.
“The uptake of the grants has been strong with the number of applications surpassing 2,846 in less than a fortnight (12 days), and more than $17.4 million paid out,” Robertson says.
“We knew there would be more need during the response phase as people took time to take stock and work through their clean-up from Cyclone Gabrielle.”
Robertson says that, like with the response to the Covid-19 pandemic, the Government needs to be “nimble, flexible, and responsive to immediate needs”.
He says the Government is committed to helping people and businesses recover from the cyclone in the months ahead and that ministers are working on the next steps of support as the region moves to recover and rebuild from the cyclone.
Applications for the clean-up grants are open until 20 March 2023, but those in hard-to-reach areas can apply up until April 3. Farmers and growers who have already received MPI clean-up grants are not eligible to apply again.
With wool prices steadily declining and shearing costs on the rise, a Waikato couple began looking for a solution for wool from their 80ha farm.
The Horticulture New Zealand (HortNZ) team is looking forward to connecting with growers at the upcoming South Island Agricultural Field Days, says HortNZ chief executive Kate Scott.
Choosing pasture seed at bargain prices may seem an attractive way for farmers to reduce autumn or spring re-sowing costs, but it comes with significant risks, says the NZ Plant Breeders and Research Association (PBRA).
A brand-spanking new administration building will greet visitors to this year's South Island Agricultural Field Days (SIAFD) at Kirwee.
2025 marks 120 years of FMG Advice and Insurance in New Zealand's rural communities.
The 2025 South Island Agricultural Field Days (SIAFD) chairman, Rangiora farmer Andrew Stewart, is predicting a successful event on the back of good news coming out of the farming sector and with it a greater level of optimism among farmers.
OPINION: Prime Minister Christopher Luxon sometimes can't escape his own corporate instinct for evasion, and in what should have been…
OPINION: Shane 'Matua' Jones, crusader against all things woke, including "woke banks", couldn't have scripted it better when his NZ…