Reserve Bank rules bleeding farmers dry - Feds
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
With industry-initiated Live Export NZ 'Gold Standard' animal welfare precautions - as well as enforcement of the recommendations on sea voyages from the independent review - New Zealand can be a global exemplar in this trade.
Recent cyclones have put a massive hit on our infrastructure and productive sector. For example, it may be years before our pipfruit industry recovers.
Can New Zealand afford to turn its back on annual export income of $400m-$500m?
The government-instituted live export ban comes into full effect on 30 April this year after a transition/wind-down period.
New Zealand has an international reputation for strong animal welfare. While there has been robust and continuous improvement in our live export practices, the industry is open to recommendations for further precautions. These include regulation aimed at minimising sea voyage risk from seasonal weather events.
The global live cattle trade will continue but from countries and by exporters with lower animal standards filling the gap enforced on us. If we were still involved, our high standards would push others into lifting their game.
We've also lost the opportunity to have influence, via commercial relationships, over the welfare of exported animals after they've arrived in countrie such as China.
Federated Farmers and the many businesses, which have been involved in this trade, want discussions re-opened.
But the debate should be based on facts rather than politics and ideology.
It's an election year, and rural New Zealand looks forward to hearing the policies of the various parties on this topic and others that are so important to provincial economies.
Richard McIntyre is a Federated Farmers national board member and its Dairy Chair.
