Meat Board oversees $2.6b in exports to quota markets
The New Zealand Meat Board (NZMB) oversees $2.6 billion of red meat exports to the quota markets of the European Union, United Kingdom and United States.
Initial reaction to the Climate Change Commission report has been generally muted, but there are some concerns in the agricultural sector.
Prime Minister Jacinda Ardern claims the commission’s draft advice, released earlier this month, sets out an ‘achievable blueprint’ for New Zealand.
She says the report demonstrates NZ has the tools to achieve our target but calls on us to accelerate our work.
“As a government we are committed to picking up the pace and focusing much more on decarbonisation and reducing emissions rather than overly relying on forestry,” Ardern says.
“The advice also highlights that the cost of action on the economy is not as great as many have previously thought. In fact, action on climate change is an economic opportunity for New Zealand.”
Climate Change Minister James Shaw believes the release of the draft advice is a significant milestone.
“There are two things that stand out from the draft advice – first, that action will be required across all sectors of the economy,” he says. “And second, that meeting our targets is affordable and possible with existing technology.”
Meanwhile, Beef + Lamb New Zealand says the commission’s focus on reducing the country’s fossil fuel emissions and its recognition that large-scale forestry planting is not the long-term solution is encouraging.
However, chief executive Sam McIvor adds that farmers would have liked to have seen greater recognition of the sequestration already happening on sheep and beef farms as a result of their own conservation efforts over the last few decades.
“There are also a number of areas of the report that will be of concern to farmers,” he says. “We need to study these in more detail to understand the assumptions, methodologies and science used by the commission to underpin some of its advice.”
He says this included the commission’s advice of a 15% reduction in sheep, cattle and dairy livestock numbers within the next nine years, analysis of the social and economic impacts of land-use change on communities and the science behind the methane targets.
McIvor says sheep and beef farmers have reduced their greenhouse gas emissions by more than 30% since 1990, while improving productivity and generating export value for the country. He adds that it is the only sector in New Zealand to record this scale of achievement when it comes to reducing emissions.
DairyNZ boss Dr Tim Mackle says it is encouraging to see the commission’s recommendations focus on R&D and rural broadband as solutions to support agriculture to reduce emissions. He says climate policy is incredibly complex and science sits at its core.
Mackle says the commission’s science-based approach is ‘ambitious and challenging’ for all of New Zealand and farming is no exception.
“We will be looking at what this advice could mean for dairy farmers and how the Government will partner to support our sector through this transition,” he adds. “Our farmers have already started making practice changes on-farm, along with introducing Farm Environment Plans. We will continue to push into this and leverage science and technology to support us on the journey,” he says
Mackle says DairyNZ welcomes the acknowledgement of a ‘split gas approach’ and that methane does not need to reduce to net zero. He adds that the commission’s proposals and underlying assumptions will be closely examined over the next few weeks, in particular the biogenic methane targets and advice on reducing stock numbers.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.