Why Now Is the Time to Plan Farm Succession, Findex Says
OPINION: Succession and long-term planning are perennial topics because it is perpetually sidelined on busy farms.
Finance Minister Bill English says it turns out that the country is not as dependent on the dairy industry as we thought.
"We certainly benefited from its strength through 2009-10 when the dairy industry helped pull the country out of recession ," he says.
"Now we see a whole range of industries where there size is such when they grow as they are, it is taking the whole national economy forward."
English made the comments while opening the 2016 National Fieldays.
English singled out the horticulture industry and the sheep and beef industry as doing well.
He says the economy has pretty strong prospects because "it turns out we have a well balanced export sector".
"Of course there are risks out there; on any given day we can worry about whether the Chinese credit bubble will burst or whether Britain will leave the EU.
"Both of these things look a bit more likely this week than they did last week."
Farmgate lamb prices are down by 8%, beef cattle by 4.5% and farm expenditure up by 4.2%.
Kiwifruit growers are watchful but remain optimistic as concerns around the potential effects of the El Niño weather pattern this season.
Almond hulls sourced from Australian orchards may have the potential to help New Zealand cows reduce emissions, boost milk yield and lower input costs.
Striking a balance between meeting the needs of industry to speed up approval time for products but on the other hand ensuring that risks are properly assessed.
Surprised, humbled and quite thrilled. That’s the reaction of James Allen, one of the founding partners and now chief executive of AgFirst, on being made a life member of the Institute of Rural Professionals.
It was billed as a chance for all the political parties to woo the rural vote, but question marks hang over just how effective this was.

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