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Federated Farmers has welcomed the Reserve Bank's decision to cut the Official Cash Rate by 25 basis points to 2.25%.
"It's now up to the banks to pass this cut on to mortgage holders, and we urge them to do so on behalf of all New Zealand farmers," Federated Farmers president Dr William Rolleston says.
"Farmers' cash flow is tight at the moment, particularly in the dairy sector, and anything that can ease the pressure on their bottom line will help get as many dairy farmers as possible through the current season.
"This cut in the Official Cash Rate should also take pressure off the dollar, which is vital for our farming sector. We are also pleased to see that the Reserve Bank has signalled a further cut."
Mid Canterbury Federated Farmers arable chair, Bevan Lill, said Beef + Lamb NZ data indicated that for the last six years, the average arable return on investment was about 0.8% while inflation ran about 4% - so the average arable farm was going backwards at about 3% a year.
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Leading John Deere technicians and apprentices from New Zealand and Australians were recognised at the recent sixth annual JD Technician of the Year Awards, held in Brisbane.
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A free online platform aggregating governance vacancies across rural and regional New Zealand has been launched.
Environment Minister Nicola Grigg has announced details of a new rural plastics recycling scheme.
Agricultural drone operators say that a government decision to allow lower-risk drone work without certification won’t lower standards but drive innovation and efficiency.
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