Carbon cost shock – Richard Rennie:
Huge costs in New Zealand’s zero carbon goals that could set the country back more than a trillion dollars have been side-lined in Government calculations, seasoned rural economist Phil Journeaux says.
He calculates the policy will costing the NZ economy more than a trillion dollars by 2050 and shave billions a year off income.
AgFirst agricultural economist Journeaux said he has become increasingly alarmed about a failure to acknowledge what the aspirations to lower carbon emissions will really mean in economic terms to not only the rural economy but to all NZ.
Journeaux spent much of his career as an economist with the Primary Industries Ministry. . .
Meaty topics for Fonterra meeting – Hugh Stringleman:
Fonterra farmer-shareholders have good reasons to make their way to the Lichfield processing site in South Waikato for the annual meeting of the co-operative on November 8.
Top of the list for interest will be updates from chairman John Monaghan and interim chief executive Miles Hurrell on the searching review of all Fonterra’s investments, major assets, joint ventures and partnerships.
That was promised and began after Fonterra announced its first-ever loss in mid-September, for the 2017-18 financial year.
Word on the future of its Beingmate shareholding and distribution agreement and the China Farms operation will be keenly anticipated. . .
Farmers on the West Coast have had the lowest payout in the country for four years. West Coast reporter JOANNE CARROLL talks to those doing it tough and what Westland Milk Products is doing to close the gap.
When Kokatahi farmer Terry Sheridan began in the dairy industry 42 years ago he didn’t expect to be still getting up at 4am to milk cows when he was 72.
“[Years ago] when farmers were at the end of their career, they sold up and bought a house off farm, had some money left over to do world trips. Now in Westland, you leave with nothing. Absolutely nothing. We can’t even afford a contract milker today. That’s why I’m out there. And I don’t get a day off. You don’t expect this at our age,” he said. . .
A new paper published today has outlined a better way to think about how methane and other gases contribute to greenhouse gas emissions budgets. This is an important step towards evaluating the warming from methane emissions when developing strategies to achieve the goals of the Paris Agreement.
“Current climate change policy suggests a ‘one size fits all’ approach to dealing with emissions,” says Professor Dave Frame, head of the Climate Change Research Institute at Victoria University of Wellington. “But there are two distinct types of emissions, and to properly address climate change and create fair and accurate climate change policy we must treat these two groups differently.”
The two types of emissions that contribute to climate change can be divided into ‘long-lived’ and ‘short-lived’ pollutants. . .
NZ meat trade to Europe and UK faces potential logjam – Gerard Hutching:
New Zealand’s valuable lamb exports to the United Kingdom and Europe could get caught up in a major traffic snarl-up this Easter.
The UK is due to exit from the EU on March 29, just three weeks before Easter when volumes of Kiwi lamb jump 10 times for the festive season.
But New Zealand’s red meat sector Brexit representative Jeff Grant said the uncertainty over what sort of a deal the UK negotiates threatens the smooth flow of trade into the United Kingdom and Europe. . .
As another cattle breeding season gets underway, farmers are being reminded to follow best-practice biosecurity management to protect their dairy and beef herds from Mycoplasma bovis.
Beef + Lamb New Zealand General Manager South Island John Ladley says farmers should ensure any bulls they use this season are from a known source and have up-to-date animal health and NAIT records.
Bulls should have been quarantined after purchase and any animal health issues dealt with before they are mixed with home stock. . .