Wednesday, 16 June 2021 09:58

Govt backs food, fibres sectors

Written by  Staff Reporters
Forestry Minister Stuart Nash. Forestry Minister Stuart Nash.

The Government will back the food and fibres sector to lead New Zealand’s economic recovery from Covid-19 with targeted investments, Forestry Minister Stuart Nash says.

The targeted investments will be part of the Government’s Fit for a Better World roadmap.

Two reports released today at the Fieldays – the Fit for a Better World Progress Update 2021 and the Sustainable Food and Fibres Snapshot – provide an update on the work the Government is doing in partnership with industry.

“Since we launched the roadmap, we’ve co-invested alongside industry in projects worth tens of millions of dollars,” Nash says.

Nash says the Fit for a Better World roadmap has focused on identifying creative and new ideas for lifting returns and improving sustainability.

“Last year, we up-scaled the Sustainable Food and Fibre Futures (SFF Futrues) fund to further boost innovation efforts.”

He says SFF Futures has committed more than $111 million in funding to new projects, worth almost $250 million.

“This emphasises the importance the sector places on innovation, which is vital to the delivery of the roadmap.”

Nash reminded the audience that in the 2021 Budget, the Government committed $62 million to back initiatives to help reduce costs for farmers and growers, boost returns, and achieve lower on-farm emissions.

“Partnerships like He Waka Eke Noa, our Primary Sector Climate Action Partnership, are also working with farmers and growers on practical solutions to reduce emissions and build resilience to climate change.

“All of this work has a common goal of strengthening the environmental credentials of our food and fibre products and driving further value growth.”

He says the Government is committed to working with sector partners to drive New Zealand’s economic recovery and ongoing prosperity.

More like this

Report trumpets scope for ice cream exports

New research into New Zealand's premium ice cream industry suggests exporters could find new buyers in valuable overseas markets as consumers increasingly look for high quality food.

National

The year in review

As 2021 draws to a close and 2022 approaches, Leo Argent takes a look back at the year gone by,…

Machinery & Products

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Do the maths!

OPINION: The Hound sees Greenpeace is still demanding the demise of farming in this country.

That Guy!

OPINION: Your old mate had a bit of a giggle at current Agriculture Minister Damien O'Connor's effusive praise of the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter