State roadshow talking all things wool
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
Federated Farmers says it generally supports the government’s decision to further restrict the sale of New Zealand farmland to overseas buyers.
Vice-president Andrew Hoggard says the new government policy broadly aligns with that of the Feds.
From December 15 not only will the owners of very large farms proposed for sale to overseas buyers require permission from the Overseas Investment Office (OIO), but any land larger than 5ha will now come under this office’s jurisdiction.
The new directive will not apply to forestry land.
Associate Finance Minister David Parker says the existing directive is too loose. Parker says too often investors buy a NZ farm then use existing systems, technology and management practices which don’t substantially add anything new or create additional value in our economy.
“We want to make it clear that it is a privilege to own or control NZ’s sensitive assets, and this privilege must be earned,” he says.
Hoggard says while the notion of ‘benefits to New Zealand’ in the old policy seemed to be right, in practice it didn’t turn out that way in the decisions of the OIO.
“You’d look at a decision and say ‘really? they view that as a benefit? Somehow a NZ purchaser wouldn’t have done that anyway.”
Hoggard says the new directive will give the OIO a clear message to step up a notch or two in how it assesses the net benefit to NZ.
He says Feds’ concerns, and those of the public, centre on the big trusts which just come to NZ and buy farms but do not contribute to local communities or NZ agriculture in any way.
A big concern is when these people start buying processing facilities, he says. “People are nervous about that.”
But Hoggard hopes the new rules will not prevent people who genuinely come here to farm and to invest in local communities. He gives as examples two prominent members of Federated Farmers -- Anders Crofoot and Willy Leferink -- who he says contributed much; and James Cameron and Julian Robinson – both wealthy individuals – invested in their local communities and brought new benefits to NZ.
“These people have been great for NZ and I would hate to see some blanket guideline that would cut people like that out of the equation.”
Hoggard says farmers and others will watch with interest to see if the new directive is applied fairly.
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Readers of this column will know that your old mate has been a long-time critic of $55 million of…
OPINION: The Hound reckons school teachers like nothing better than to complain constantly about how tough things are for them…