Agriculture could be included in Emissions Trading Scheme – Kate Gudsell:
The Treasury has raised the possibility of agriculture being included in the Emissions Trading Scheme (ETS) after years of being exempt from charges.
The move is suggested in a March Treasury briefing to Finance Minister Bill English and his two associates Steven Joyce and Paula Bennett.
The briefing outlines the financial risk the government faces from scrapping the one-for-two scheme – a 50 percent subsidy for polluters which meant they paid half the value of their greenhouse gas (GHG) emissions. . .
With nominations for this year’s local authority elections opening on Friday, Federated Farmers is calling on farmers and other business-minded people to consider standing for election.
Federated Farmers’ Local Government spokesperson Katie Milne said it’s vitally important that we get good candidates to put themselves forward.
“Being a councillor is a challenging role but farmers can make a real difference on councils as they can inform and educate their colleagues and staff about what happens on-farm. . .
The largest pest control operation in New Zealand’s history has been launched today by Conservation Minister Maggie Barry.
Battle for our Birds 2016 will protect our nation’s most vulnerable native species from the potentially catastrophic explosion of rats and stoats in New Zealand forests as a result of a beech mast event.
At an event at Bob’s Cove near Queenstown today Ms Barry announced aerial 1080 drops have been confirmed for 19 sites covering more than 720,000 hectares of high value land. . .
Meat Industry Association Chief Executive Tim Ritchie says uncertainty in the EU as a result of Brexit is one of the causes of a higher exchange rate, which will significantly affect prices our exporters receive in the European market. This, in turn, affects the prices meat processors can pay farmers for their livestock. Volatility in exchange rates has already had a significant impact on meat exporters, which led to eroded margins in the last season.
This year, the volatility looks like it will get worse. A year ago, a NZD was worth 0.43 GBP, but is currently 0.53 GBP, with the NZD rising sharply against the GBP since the Brexit referendum. . .
Markets in South-East Asia are calling out to be explored, as opportunities in the region lie beyond China and Japan. Meanwhile, the short South American harvests and the Brexit are leading developments in global wine supply and trade, according to the Rabobank Global Wine Quarterly Q3 2016.
Headwinds for wine consumption in South-East Asia still dominate the outlook in the near term, however opportunities are nevertheless apparent, and some positive longer term fundamental drivers are present should the necessary catalysts set them in motion.. . .
Farmer-owned co-operative, Livestock Improvement Corporation (NZX: LIC), has announced its result for the year ending 31 May 2016.
The financial result is summarised below with background information attached to NZX, including Chairman Murray King’s letter to LIC shareholders.
Revenue: LIC revenue from ordinary activities was $205 million and including other income from grants, totals $211 million, 9% down on the total $232 million achieved during 2014-2015. Lower milk prices have impacted on-farm buying decisions, as many farmers look to reduce costs and indeed go into survival mode through the difficult financial times facing dairy farmers. . .
How the EU Budget is spent – Common Agricultural Policy – Gianluca Sgueo, Francesco Tropea and Marie-Laure Augere-Granier:
With 52% of the European Union (EU) territory classified as predominantly rural, more than 170 million hectares of agricultural land, and 113 million people (nearly one quarter of the EU population) living in rural areas, the Common Agricultural Policy (CAP) represents one of the largest shares of expenditure from the EU budget. The CAP pools European Union resources spent on agriculture to protect the viable production of food, the sustainable management of natural resources, and to support rural vitality.
The CAP consists of two ‘pillars’, the first includes direct payments (i.e. annual payments to farmers to help stabilise farm revenues in the face of volatile market prices and weather conditions) and market measures (to tackle specific market situations and to support trade promotion). The second pillar concerns rural development policy and it is aimed at achieving balanced territorial development and sustaining a farming sector that is environmentally sound, as well as promoting competitiveness and innovation. . . (Hat Tip – Utopia)
New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that the North Island Wool Auction received revived support this week with an improved 81 percent of the 5700 bales selling.
The weakening NZ dollar across the board saw the weighted currency indicator fall 4.22 percent. Despite these positive factors, local prices were still below last week’s South Island auction, but only marginally under the last more comparative North Island selection. . .