Rural round-up

02/03/2021

MPI opposed nitrogen bottom line over economic concerns – Anusha Bradley:

The Ministry for Primary Industries (MPI) opposed introducing a tough bottom line for nitrogen levels in rivers over concerns the economic impact would outweigh the environmental benefit, documents show.

MPI repeatedly clashed with the Ministry for the Environment (MfE), even though scientific experts said a Dissolved Organic Nitrogen (DIN) level of 1 mg/L was the best way to protect rivers.

Emails obtained under the Official Information Act show MPI staff wanted the economic cost of introducing a bottom line pushed more prominently in a cabinet paper about nitrogen level options put to ministers in May 2020.

It’s the first time MPI’s influence on the issue has been revealed. . . 

Food security in decline – Samantha Tennent:

Rising temperatures and global warming are having a direct impact on the agricultural sector and food system, as shown in the ninth annual Global Food Security Index (GFSI) released by the Economist Intelligence Unit (EIU), sponsored by Corteva Agriscience.

Agricultural production has become more vulnerable in 49 countries compared to the previous index period. The index measures the underlying drivers of food security in 113 countries, based on the factors of affordability, availability, quality and safety, and natural resources and resilience.

“With food security declining again, we all must heed the urgent call to renew our collective commitment to innovation and collaboration,” Corteva Agriscience chief executive James Collins Jr. says.  . . 

Venison marketers planning chilled season contracts:

Deer Industry NZ (DINZ) is expecting improved market conditions for venison in the coming year, with better prices assured for venison animals processed for supply in the European game season. 

“In the next few weeks some venison companies will be offering minimum price supply contracts for the game season, for shipment of chilled venison during September and October,” Deer Industry NZ chair Ian Walker says.

“Contracts offered in 2020 were $7 – $7.20 a kilogram, when Europe was gripped by Covid-19. This year we are seeing restaurants starting to reopen in North America. Also prices for all meats in major world markets have begun what economists expect will be a steady long-run climb.

“Despite all the disruption caused by Covid, the 2020 European game season went well, both at food service to restaurants and at retail.  Importers were understandably cautious with their orders, but they sold everything and could have sold more, if not for airfreight disruptions. . .

T&G Global’s full-year profit surges:

Vegetable and fruit grower T&G Global’s profit has more than doubled as strong demand for its apples drove an increase in revenue.

Net profit for the year ended December rose to $16.6 million from $6.6m the previous year, with revenue up 16 percent to $1.4 billion.

It said rising demand for its apples drove earnings, which rose more than half on the year before. . .

NZ’s First farm sustainability linked loan to deliver water and biodiversity benefits:

In a New Zealand first, ethical dairy investor Southern Pastures has entered into a three-year $50 million sustainability-linked farm loan with BNZ and its syndicate.

Southern Pastures, owner of Lewis Road Creamery, will receive financial incentives for meeting new water quality and biodiversity targets and for achieving further reductions in its already low on-farm carbon emissions. Achievement of the targets will be directly linked to lower loan costs.

“This deal recognizes that farming to mitigate climate change and environmental impacts is in our common interest,” says Southern Pastures Executive Chairman Prem Maan. “In my view, farming in New Zealand should be driven by the ambition to become carbon neutral.” . .

 

Ag mega trends report warns of big trade, production changes ahead – Andrew Marshall:

Australian farmers have been warned to prepare for much wealthier, more demanding overseas customers; more volatile trade environments dominated by multiple economic superpowers, and technology which may add $20 billion a year to farm sector productivity.

As the population of high income countries triples to 3 billion in 30 years, our fruit and vegetable and protein-rich meat, dairy product and nut exports will be in hot demand – doubling in some Asian markets.

However, sales growth will be more modest for wheat, coarse grains and rice as developing nations shift away from starchy staples.

Farm production will also be under intensified pressure to use more efficient energy, water, labour and land use strategies, while climate volatility will make agricultural productivity more challenging, and add more gyrations to commodity markets. . .


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