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Andrew Hoggard.
The Government's decision not to proceed with a capital gains tax has been approved by farmers.
Federated Farmers says it is heartening evidence that the coalition government is willing to put well-reasoned and practical considerations in front of ideology.
"It’s clear the coalition partners have listened to widespread concerns that a capital gains tax has too many downsides, including massive administration costs and the potential to put the handbrake on the progress of small and medium businesses vital to our economy," Feds economics spokesperson Andrew Hoggard says.
"It seems to us that New Zealand First has been pivotal in this decision, and we appreciate their pragmatism.
"The Prime Minister spoke this afternoon about new measures to tackle land banking and land speculation, an approach that has a much better chance of tackling our housing affordability issues than a CGT."
Federated Farmers is pleased the Government is committing to looking at the compliance cost reduction ideas mentioned in the Tax Working Group’s report.
"There were a number of these that are worth looking at, including increasing various thresholds (e.g., for provisional tax) and simplifying depreciation and Fringe Benefit Tax, and removing resident withholding tax on close company-related party interest and dividend payments," says Hoggard.
"We’re also pleased with the assurance that there will be no resource rental for water or fertiliser tax — at least in this term of Government."
Federated Farmers meat and wool chair, Toby Williams says what the Government has effectively signed up for is a decade more of planting pine trees on productive land because that’s the only way for our country to achieve such a steep reduction.
With a record $10-plus/kgMS milk price almost locked in for this season, next season isn’t looking too shabby either.
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Southland Federated Farmers president Jason Herrick says farmers are prepared for winter grazing every year.
While many MPs have been busy taking holidays in maybe exotic places, for Andrew Hoggard it's back to his old job as a dairy farmer during the so-called 'summer break'.
This year won't be an easy one for the red meat sector, says Meat Industry Association chief executive Sirma Karapeeva.
Farmlands says that improved half-year results show that the co-op’s tight focus on supporting New Zealand’s farmers and growers is working.
Horticulture New Zealand (HortNZ) says that discovery of a male Oriental fruit fly on Auckland’s North Shore is a cause for concern for growers.
Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.
Beef + Lamb New Zealand (B+LNZ) is having another crack at increasing the fees of its chair and board members.
Livestock management tech company Nedap has launched Nedap New Zealand.
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