Thursday, 16 June 2016 08:14

Dairy dependency dwindles

Written by 

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."

More like this

Open Country opens butter plant

When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.

Featured

Editorial: Happy days

OPINION: The year has started positively for New Zealand dairy farmers and things are likely to get better.

National

Machinery & Products

» Latest Print Issues Online

The Hound

The bow-tie effect

OPINION: If the hand-wringing, cravat and bow-tie wearing commentariat of a left-leaning persuasion had any influence on global markets, we'd…

Famous last words

OPINION: With Winston Peters playing politics with the PM's Indian FTA, all eyes will be on Labour who have the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter