Reserve Bank rules bleeding farmers dry - Feds
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Federated Farmers says replacing the National Policy Statement for Freshwater Management 2020 (NPS-FM) within two years is “less than ideal”.
The farmer lobby’s national vice president and freshwater regulations spokesman Colin Hurst notes that Federated Farmers has been calling for these rules to be urgently repealed.
In a message to Feds members today, Hurst says what they got from the Government was agreement to delay freshwater rules implementation until 2027.
“It will also work on changes to the national direction but this will take 18 to 24 months. This feels less than ideal. Simply pushing out the dates for implementation probably won’t be enough to have councils stop work on this, because the National Policy Statement requires councils to give effect to the regulations ‘as soon as practicable’. We also need clarity on how a rebalance of Te Mana o te Wai will be achieved.
“The Government announcement falls short of meeting the expectations of our rural communities. Federated Farmers will work constructively with the Government more on this next year to ensure freshwater rules achieve environmental improvements in a way that is practical and fair for farmers and rural communities.”
The Feds’ position will be awkward for Associate Agriculture Minister Andrew Hoggard, who is one of the key politicians spearheading the review of freshwater management rules.
Hoggard, a former Federated Farmers president, is a member of ACT, one of the three partners in the Coalition. ACT also campaigned hard on repealing an avalanche of regulations formulated by the previous Government against farmers.
In a statement this week, Hoggard said that work on the NPS-FM replacement will start immediately.
“This process is expected to take between 18 to 24 months and will include a robust and full consultation process with all stakeholders including iwi and the public.”
The Government says it will develop an approach that is fit for purpose and enduring.
While the consultation is ongoing, the government has announced it will extend the timelines for regional councils to notify new freshwater plans. Councils will now have until December 31, 2027 to align with the new NPS-FM.
