Agricultural sector productivity growth – Michael Reddell:
In the last few weeks, presumably simply by coincidence, I’ve had various comments and emails about productivity growth in the agricultural sector. The most recent one finally prompted me to dig out the official data and check that my impressions were still supported by the data. They were. Agricultural sector productivity growth was very strong, but has been much more subdued for some time now.
There are two main measures of agricultural sector productivity: labour productivity (in effect, output per hour of labour input) and multi-factor productivity (in effect, the residual after what can be attributed to growth in labour and capital inputs has been deducted). In principle, MFP is superior. In practice, estimates rely more heavily on the assumptions used in the calculation (although – diverting briefly – to the various readers who have sent me a recent piece by GMO on TFP/MFP, I reckon there is less to that critique than the authors claim). . .
No trade wobbles in China for Fonterra – Paul McBeth:
(BusinessDesk) – Fonterra Cooperative Group hasn’t faced any issues getting its products into China, where its business hit some speed wobbles when the butter market slowed.
The world’s biggest dairy exporter counts China as one of its most important markets and has been a beneficiary of a burgeoning middle class in the world’s most populous nation. . .
Lamb exports reached record levels in February 2019, bumping up overall meat exports to a new monthly high, Stats NZ said today.
Lamb exports were $391 million in February 2019, a new record for any month. The previous high was in May 2018 ($367 million).
This month’s rise was driven by higher prices, as quantity was little changed from May last year. . .
Apiculture New Zealand supports the Minister for Agriculture’s plea for greater unity to address existing challenges around bee welfare and biosecurity, food safety and export regulations, and welcomes the Minister’s commitment to supporting the industry.
This follows a meeting by Apiculture New Zealand with the Minister late last week on the commodity levy results.
“As we advised the Minister a ‘no vote’ for the commodity levy means we do not have the investment fund needed, nor the collective focus that is characteristic of other primary industries in identifying, deciding and actioning priorities,” says Bruce Wills Chair of Apiculture New Zealand. . .
The first charter vessel carrying Zespri SunGold Kiwifruit is heading to China and Japan following this season’s early start to harvest.
The Southampton Star departed from Tauranga Harbour yesterday evening carrying approximately 3,000 pallets of Bay of Plenty-grown SunGold Kiwifruit bound for Shanghai and Kobe. The vessel had earlier berthed in Gisborne where it picked up 1,600 pallets of SunGold Kiwifruit, marking the start of what promises to be another bumper crop. . .
The Bayer NZ Young Viticulturist of the Year Competition is now in its fourteenth year and to take out the coveted title has become a key goal for many young viticulturists in New Zealand.
The programme aims to grow the wine industry’s future leaders, by stretching them, putting them out of their comfort zone and creating new relationships. It is a fantastic opportunity for Young Vits (30 yrs or under) to upskill, grow in confidence, widen their network and start making a name for themselves within the industry. . .