Wednesday, 08 November 2023 16:25

Ouch!

Written by  The Hound

OPINION: Your canine crusader notes that the Reserve Bank forecasts that more than 80% of beef and sheep farmers would be unprofitable if any future emissions pricing on carbon dioxide equivalent hit $150 per tonne.

It says 82% of sheep and beef operations would be in the red and nearly half of dairy farms would also be unprofitable.

These figures came after stress testing undertaken by banks, who were tasked by the Reverse Bank to look at what any potential price between $15/t and $150/t meant for farmers’ bottom lines.

Your old mate suggest these figures will be a nasty wake-up call for the incoming National government as it looks to put in place a pricing system by 2030.

It is also a reminder to those proponents of taxing ag emissions about what the real cost to the country would be.

As they say, it is hard to be green when you are in the red!

More like this

Arable advocacy?

OPINION: Spare a thought for the arable farmer, squeezed on one side by soft global prices and on the other by limits on further yield increases.

Our own 'Clarkson'

OPINION: The huge success of former Top Gear host Jeremy Clarkson's new TV show, Clarkson's Farm, and the boost it has given the image of farming in the UK, has prompted one scribe to wonder aloud who could fill a similar role here in NZ.

Gaslight much?

OPINION: Labour leader Chris 'Chippy' Hipkins is carrying on the world-class gaslighting of the nation that he and his cohorts started after their disastrous Covid response; now trying to undermine the Covid inquiry to protect his own backside.

Corporate narrative?

OPINION: Forget about the fabled 'rural-urban' divide, the real fault-line in farming might actually be the divide between grass-roots farmers and the industry corporates who claim to be 'speaking on behalf of farmers'.

Overbearing?

OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the job description of PR is to grease the wheels and ensure clients get good media coverage.

Featured

National

Machinery & Products

» Latest Print Issues Online

The Hound

Arable advocacy?

OPINION: Spare a thought for the arable farmer, squeezed on one side by soft global prices and on the other…

Gaslight much?

OPINION: Labour leader Chris 'Chippy' Hipkins is carrying on the world-class gaslighting of the nation that he and his cohorts…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter