Biosecurity tops priorities for agribusiness leaders - report
Biosecurity remains the top priority for agribusiness leaders, according to KPMG’s 2025 Agribusiness Agenda released last week.
Complacency and inability to keep up with the pace of change in the world is a huge threat facing the New Zealand primary sector, says KPMG.
Its 2016 Agribusiness Agenda, released at National Fieldays, says the global pace of change is so fast that NZ has to run harder just to stand still.
KPMG global head of agribusiness Ian Proudfoot says 2016 is seen as the beginning of the 'fourth industrial revolution', bringing changes in which old business models and ideas are being overtaken by a new order.
He says many people in the primary sector complacently go on believing NZ has always been successful -- for many decades a world leading primary exporter. But like the NZ Sevens rugby team, NZ's primary sector must realise other countries have caught up and are passing us.
"In the case of sevens rugby the prize has changed," he explains. "The prize is now an Olympic gold medal and suddenly a lot of countries are interested, whereas in the past when the prize wasn't nearly as exciting we were able to dominate.
"We can't [take this leadership position for granted], but must work hard to maintain it. One example is European farmers: we talk a lot about their inefficiency given that they receive a large part of their income as subsidy. But... they really understand their consumers, they are passionate about the food they are producing and we should be trying to learn from them because that is lacking in our industry."
Proudfoot cites the Irish with their brand Origen Green as well ahead of NZ. And the French are even further ahead because their farmers are so passionate about the world class dairy products they produce.
One NZ cause of complacency is that some company directors still live in the "analogue rather than the digital age". The problems are in the mindsets of board members rather than their age, he says.
"People get onto boards, particularly in the primary sector, because of their connections and networks. That doesn't mean they aren't competent and haven't got great ability, but do they have the right ability for where their organisations need to be looking to move in the future?"
Proudfoot favours seperating representation and governance: having the right people in the boardroom to govern an organisation, and having a strong, separate representative body that holds the board to account on behalf of all stakeholders. Such a structure resembles the present Fonterra model.
He says the end-game is to get people onto a board who have the right skills to lead a company into the future.
The 70-page report singles out Landcorp for special mention.
"The Landcorp case study is a great one, about a very traditional company that has now recognised the future will look different and is taking practical steps to move in that direction," Proudfoot says.
"[It shows] a good example of what should be done. I don't think enough companies, particularly at board level, are recognising the scope of change."
New Zealand milk production is off to a strong start, with the first month of the 2025/26 dairy season recording a whopping 17.8% jump in milk production, compared to the previous season.
With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.
Keep up with innovation and e-commerce in China or risk losing market share. That was the message delivered at the China Business Summit in Auckland this month.
Meat Industry Association (MIA) independent chair Nathan Guy says getting meat processors involved has been a shot in the arm for the sector's key marketing initiative into China, Taste Pure Nature.
Listed carpet manufacturer, Bremworth is undertaking a $6 million expansion at its Napier plant more than two years after the site was heavily damaged by Cyclone Gabrielle.
Federated Farmers is vowing to keep the big banks accountable for their actions and to continue pushing for meaningful change in the rural lending sector.
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