Fingers crossed
Mike Petersen is one person who's closely monitoring the progress of the FTA with the EU.
NZ’s special agricultural trade envoy Mike Petersen says the latest tariff-rate quota (TRQ) proposal from Britain and the EU is puzzling.
The Meat Industry Association (MIA) says the proposal is absolute nonsense, is unnecessary and is premature.
Petersen, a sheep and beef farmer from Waipukurau, says for the UK and EU to claim that the 50:50 TRQ split is consistent with other deals done is nonsense and puzzling. Petersen says NZ worked hard in the 1970s and early 1980s to get a fair deal and especially the flexibility in the present deal.
“NZ’s argument has always been clear and considered: that we do not think there is a need to split these TRQs even if Brexit goes ahead as currently planned,” he told Rural News.
“The ability to have flexibility for NZ exporters to sell to the highest value market right across Europe is not just a benefit for NZ farmers, it is benefit a for UK and EU farmers as well. We are not looking for windfall gain out of this, but NZ will be worse off under the current proposal and we are saying under WTO rules that principle is absolutely rock solid in that no country should be worse off after notifying a change.”
Petersen says many issues on Brexit are unresolved and the filing of this latest schedule doesn’t make sense.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.