fbpx
Print this page
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

Featured

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.

Feed help supplements Canterbury farmers meet protein goals

Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.

National

Machinery & Products

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

Grabbing bales made quick and easy

Front end loader and implement specialist Quicke has introduced the new Unigrip L+ and XL+ next-generation bale grabs, designed for…