Federated Farmers hails rural banking report
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Federated Farmers has set out what it calls the rural roadmap that it wants the next government to implement.
The farmer lobby's policy platform for the 2023 election highlights 12 key policy changes it wants put into action. Feds says for the past five years, farmers have been living through a period of unprecedented regulatory change.
"A swathe of new requirements for improving water quality, biodivdersity and the climate have taken a real toll on the wellbeing of our rural communities," Feds president Wayne Langford says.
"The intent of these regulations may have been good, but the reality of the execution and implementation has been nothing short of disastrous for our farmers. The end result is a long list of highly prescriptive and unworkable rules that ties us up in red tape and heap on unnecessary costs."
Langford says NZ farmers have a great story to tell when it comes to their economic contribution - such as the jobs they create and the work do to improve environmental outcomes."
But he points out that current farmer confidence is at record lows and his organisation is determined to turn this around by bringing real solutions to the table.
"This election we're being very clear about what needs to be done to restore farmer confidence, support thriving rural communities, improve environmental outcomes and unlock the potential of our primary sector," Langford says.
"The best thing about our policy priorities is that they won't cost the taxpayer a dollar. We're just asking for the new government to get the settings right, so farmers have the confidence to invest, grow, and get on with what they do best - farming."
Feds policy priorities for the new government are:
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.