ANZ defends farm lending rates
The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.
The Government's decision to push through its 'Three Waters' reforms despite widespread opposition is being slammed by farmers and politicians.
Federated Farmers president Andrew Hoggard says the government's announcement that Three Waters will be mandatory is a huge call.
"Federated Farmers, a majority of local authorities and many New Zealanders have voiced serious misgivings over the government's plans for council three waters assets to be transferred to four new mega entities," says Hoggard.
“We remain opposed to this plan.”
Local Government Minister Nanaia Mahuta confirmed the Government will create four publicly owned water entities.
Mahuta claims this will ensure every New Zealander has access to affordable, long-lasting drinking, waste and storm water infrastructure without ballooning costs to households and families.
“The case for change is too compelling to ignore,” she says.
“It is clear that without the establishment of these publicly-owned entities we will continue to see a frail network and contaminated water in many communities. To delay will only push the problem on, increase future household costs and put livelihoods at risk,” says Mahuta.
But Hoggard says a working group of local government, iwi and water industry experts being set up to work through design of how the new entities will operate will have its work cut out to allay a multitude of concerns.
He wants rural residents concerned about the future of their water, sewerage and stormwater infrastructure should gear up to have their say.
"Top of the list for Federated Farmers are issues around governance and accountability. The complexity of rural water scheme ownership and operations has got rural people worried.
"How will the new entities ensure the needs of smaller and rural communities are not crowded out when setting investment priorities and plans?
"The proposed arms-length governance arrangements with directors appointed by panel, which are in turn appointed by yet another panel, weaken the accountability of water service entities to communities," Hoggard said.
ACT Party has vowed to reverse the reforms should it be part of the next Government.
ACT's Local Government spokesperson Simon Court says Mahuta fails to understand that the plan is being opposed by many stakeholders.
“ACT will be campaigning to return stolen property to councils, reversing Three Waters reforms and restoring democracy to New Zealand”, says
“If Labour steals it, ACT will give it back.
“It doesn't occur to Nanaia Mahuta that if people don't like her plan, maybe they're trying to tell her something, like it's a stupid plan that doesn't stack up and won't work.
“Because Mahuta is totally unable to take on board feedback, or understand how implausible her plan's benefits are, she is now forcibly taking council assets.”
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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