Industrial Hemp Regulations Revoked as New Zealand Opens New Era for Hemp Industry
From last week, the Industrial Hemp Regulations 2006 have been revoked.
MPI is doing a needs assessment, but the Rural Support Trust, along with other agencies, is using its respective networks to double check that all those who need help will get it.
The chair of the Otago Rural Support Trust, Tom Pinckney, says he believes that they will be especially busy in the coming months as the enormity of the floods hit home.
He says the goal of the trust right now is to ensure that no farmers in need are overlooked.
He says MPI is doing a needs assessment, but the trust, along with other agencies is using its respective networks to double check that all those who need help will get it.
"The trust has had some but not a lot of, direct requests for help, but this isn't surprising, with farmers focused on their immediate need to clear and repair fences and in some cases tracks on their properties," he says.
Pinckney says farmers will also have to re-grass damaged pastures and assess stock losses.
He says some farmers in the worst hit areas may have lost between 10-15% of their lambs.
He says once farmers get their places back to normal and have time to assess what they are faced with, the issue of mental health will start to come to the fore.
He says that's why the trust is expecting the impacts of the floods to play out for some time with all sorts of pressures going on farmers.
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.

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