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"We're thrilled with the economic impacts of Fieldays 2015," says NZ National Fieldays Society CEO Jon Calder.
The Fieldays 2015 Economic Impact report reveals the events contributes $166m to the GDP of New Zealand and $53m to Waikato.
Dr Warren Hughes of the University of Waikato Management School's Institute of Business Research and Hughes Economics independently prepared the report.
"When preparing the impact study, we look at three sources — visitor spending, equipment spending and organisation spending," says Hughes.
The decrease in both Waikato and New Zealand's revenue and GDP of 13-14% has been attributed to the dairy forecast.
"Unfortunately, as we came into Fieldays, we knew there was bad news ahead in the dairy sector and equipment purchase fell directly, and the overall total price fell accordingly," say Hughes.
However, he says all other sectors, including sheep, beef, horticulture and wine, are on the up.
"We're thrilled with the economic impacts of Fieldays 2015," says NZ National Fieldays Society CEO Jon Calder.
Calder says the event is "more than just four days in June".
"We're incredibly proud to have such relationships with our stakeholders and customers to be able to contribute so significantly to New Zealand's primary sector."
Scientists from the Ministry for Primary Industries (MPI) are part of an international team working to develop a low-cost diagnostic tool that could significantly improve food crop production in developing countries.
Scion is running experimental research burns near Christchurch from March 3-14, to test new theories on how wildfires spread under various conditions.
Out of more than 80,000 entries, Daniel Neil from Piopio has been announced as the lucky winner of the Isuzu D-MAX LX Double Cab 4WD Ute in this year’s Fieldays Ute giveaway.
OPINION: The inquiry into rural banking practice was welcomed at Fieldays, but Groundswell NZ added a proviso that this must include banks' treatment of agricultural emissions.
OPINION: Milking It understands a major announcement on livestock exports will be made at the National Fieldays next month.
The chair of Beef + Lamb NZ, Kate Acland says the rush appears to be on to purchase farms and convert them to forestry before new rules limiting this come into effect.
New Zealand farmers will face higher urea prices this year, mainly on the back of tight global supply and a weak Kiwi dollar.
Andy Caughey of Wool Impact says a lot of people in NZ have been saying it's crazy that we are not using natural fibres in our buildings and houses.
Former chief executive of Beef+Lamb New Zealand Scott Champion will head the Foundation for Arable Research (FAR) from July.
Avian flu getting into New Zealand's poultry industry is the biosecurity threat that is most worrying for Biosecurity Minister Andrew Hoggard.
The annual domestic utilisation of wool will double to 30,000 tonnes because of the edict that government agencies should use woollen fibre products in the construction of new and refurbished buildings.
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
OPINION: The proposed RMA reforms took a while to drop but were well signaled after the election.
