Nestle reportedly withdraws from methane accord
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
Farmers are being urged to make submissions to the parliamentary inquiry into banking competition, now underway.
Public submissions are now being accepted by the finance and expenditure committee.
The terms of reference include looking at the price of banking services, with a particular focus on business and rural lending products and the return on capital from business, rural and residential mortgage lending.
The chair of primary production select committee, Mark Cameron is urging the rural sector to make their voices heard.
“Anyone on the back of a rural loan – whether you are a horticulture, sheep and beef, arable or dairy farmer- should make sure their voices are heard,” he told Rural News. “Be part of the process.”
Cameron says the public submission period runs for six weeks.
On rural banking the inquiry will:
The push for an inquiry into rural banking practices has been led by Federated Farmers, which made a submission to the primary production select committee in May this year. The committee recommended an inquiry.
Farmers claim bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking.
Feds’ regular banking surveys are also show that farmer satisfaction with banks is at a record low, and the number of farmers coming under undue pressure is at a record high.
Submissions close before midnight, Wednesday September 25.
For more information, visit https://www.parliament.nz/en/pb/sc/make-a-submission/document/54SCFIN_SCF_FC430602-F4C3-4B04-957D-08DCB036CF74/inquiry-into-banking-competition#RelatedAnchor
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.

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