ANZ’s rural manager questions capital call – Richard Rennie:
It is a case of when rather than if banks will have to increase their capital reserves against loans and rural customers will end up paying, ANZ commercial and agricultural manager Mark Hiddleston says.
Late last year the Reserve Bank said it wants banks to increase the amount of capital held as security against loans, with weighted capital increases likely to be greater for riskier parts of banks’ lending.
That prompted fears the dairy and construction sectors in particular could wear the brunt of the higher capital requirements through higher interest rates. . .
Community a priority for environmental winners – Nigel Malthus:
Staying in touch with their community is a priority for the 2019 Canterbury regional Ballance Farm Environmental Award winners, Duncan and Tina Mackintosh.
The Mackintoshes own and run White Rock Mains farm, a 1056ha sheep and dairy support property nestled against the hills at North Loburn, near Rangiora.
Their recent winner’s field day featured presentations from the local North Loburn Primary School, which has partnered with the Mackintoshes on Garden to Table and Predator-Free programmes.
Cattle culls don’t rely on tests – Annette Scott:
Herds with cattle bought from properties confirmed as being infected with Mycoplasma bovis will be culled, regardless of test results, Primary Industries Ministry chief science adviser John Roche says.
More efficient testing is in the pipelines but it’s several years away.
In the meantime any herds containing cattle from properties confirmed as infected will be considered extremely high risk and will also be culled, Roche said.
Tests being used are adequate to determine the need to cull infected and extremely high risk animals. . .
Climate change and the rural way of life – Alex Braae:
The government’s environmental policy is creating major tensions in farming communities. Alex Braae went to a meeting in Taumarunui to see it play out.
“We’ve got to get the government’s attention somehow. Okay, we’re not all going to jump on our tractors and drive to Wellington. But we could jump on our tractors and block all the roads for a day and a half, just to get them to listen.”
The comment came from the floor, at a public meeting on carbon farming being held at the Taumarunui Golf Club. It was a rainy day, which meant farmers had some free time. The room was packed and fearful. In question was the future of their town, their district and their way of life.
A while ago, some farmers started talking about the ‘triple bottom line’ – economic, environmental and social. They started assessing themselves on not only how much money could be brought in, but how the farm contributed to the wider community and ecosystem. It’s a concept borrowed from the world of corporate sustainability, and has parallels in the long term view of what farming should be about. Obviously, the performance of the farming world has been mixed on all three, particularly the environmental bottom line, but the mindset is changing.. .
The Government wants one billion trees planted across the country by 2028. It has allocated $120 million for grants for landowners to plant new areas and $58m to set up Te Uru Rākau forestry service premises in Rotorua. Across the country, 80m trees are expected to be planted this season. However, Bay of Plenty and Taupō contractors are facing an uphill battle to get trees in the ground. Reporter Sam Olley investigates.
CNI Forest Management has 100 planters working in the wider Bay of Plenty and Taupō this season but it’s not enough and the company is struggling to find workers now more than ever before.
Director Stewart Hyde told the Rotorua Daily Post the company started recruiting six weeks before the start of May when planting began, but “we just can’t get enough people”.
“It’s having a drastic effect.” . .
How to restore depleted soils with cattle – Heather Smith Thomas:
Michael Thiele’s mission today is to acquaint more farmers and ranchers with a holistic view of agriculture.
Thiele grew up on a farm west of Dauphin, Man., just north of Riding Mountain National Park. His father had a small grain farm and a few cows.
“We were busy trying to farm and make a living and like all the other farmers around us, we were creating a monoculture of grain crops — mostly wheat, canola, oats and barley,” says Thiele.
“When I went to university, I thought soil was simply dirt,” he says. People didn’t realize how alive soil is, teeming with life and activity, and how much we depend on a healthy soil system. Now Thiele is trying to help producers understand that the way we farmed created unhealthy soil. . .