• Rural regions and their manufacturing-based economies are shrinking
• Decline at odds with high mineral endowment in rural areas
• RMA and lack of incentives are major hurdles to resource development
The minerals sector can help revive New Zealand’s struggling rural economies, but only if the government reduces the complexity of the Resource Management Act and creates financial incentives for local government.
This is a key finding of Poverty of Wealth: Why Minerals Need to be Part of the Rural Economy, the latest report produced by public policy think tank, The New Zealand Initiative. . .
Fonterra farm fund seen as stepping stone – Andrea Fox:
Dairy farmers interested in buying land through an equity partnership trust being proposed by Fonterra would need to show they would be profitable enough to one day buy back the farm, says the co-operative’s shareholder council.
Fonterra is planning a new fund to invest in farms and has begun talks with potential investors.
The trust would be a partner that would invest in farming operations through a minority stake.
Council chairman Ian Brown said the trust could be particularly helpful to young farmers wanting to buy their first farm. Established farmers wanting to buy the next-door property and those involved in equity farming partnerships could also find it useful, he said.
Whatever the type of farming operation, it would have to be profitable, and profitable enough, to have the ability to buy the trust out at some point, Brown said. . .
Maniototo farm impresses Peren Cup judges -Sally Rae:
When the judges of the Sir Geoffrey Peren Cup competition visited the Lindsay family’s farm in the Maniototo, they were impressed with what they saw.
Creekside Farms Ltd is farmed by Adam Lindsay, his partner Jules Blanchard, and his mother Karen Lindsay.
The family was one of four entrants in this year’s competition, which is held annually in the region that is hosting Perendale New Zealand’s national conference.
A field day was held last week at Creekside Farms, between Kyeburn and Ranfurly, where an impressive farming operation, including extensive development, was outlined. . .
Hailstorm misses strawberries – Sally Brooker:
Waimate’s main strawberry fields escaped last week’s hailstorm and are looking good for the season.
Donald Butler, who, with wife Jackie, owns Butler’s Berry Farm and Cafe, said they were lucky the hail that bombarded the east coast last Wednesday skirted around their property alongside State Highway 1 at Hook, just north of Waimate.
”It was close, but it’s all good.”
The fruit was ”all coming on quite nicely”, with strawberries already on sale. Those he took to the Otago Farmers’ Market in Dunedin on Saturday sold quickly and customers told him they were ”tasting good”. . .
Primary Industries Minister Nathan Guy and Trade Minister Tim Groser have welcomed the one year anniversary today of the Economic Cooperation Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation (ANZTEC).
“Since then exports to have increased over 20 percent compared with the same period the previous year, a $150 million increase,” says Mr Groser.
“Over 69 percent of New Zealand’s exports to Chinese Taipei are now tariff free, representing savings of around $78.4 million to date.”
The agreement will see complete removal of tariffs on New Zealand’s current exports to Chinese Taipei, with 99 percent eliminated in four years. . .
Associate Minister for Primary Industries Jo Goodhew has welcomed the implementation of a programme that allows timber products to be exported to Australia without chemical treatment.
“After a successful trial last summer, the Secure Pathway Programme has been opened up to industry in a bid to reduce the use of methyl bromide during the flight season of the burnt pine longhorn beetle,” Mrs Goodhew says.
“All exporters now have a new option for treating products such as sawn timber, timber mouldings, panel products and veneer sheets.
“The alternative process creates a physical barrier between the wood product and this wood boring beetle, preventing infestation and reducing the usage of methyl bromide.” . .