Bill will impact sector significantly – David Surveyor:
Government legislation must not result in a reduction in farming production and cause damage to local communities, writes David Surveyor.
As a farmer-owned red meat co-operative, we are fielding many questions from concerned farmers about the impact of the Zero Carbon Bill.
Our shareholders from the North Island to the deep south include sheep, beef, venison and dairy farmers.
Alliance supports the ambition of the Bill to establish a framework to reduce emissions so New Zealand is contributing to limit the global average temperature increase to 1.58degC above pre-industrial levels. The Paris Agreement also specifically speaks to protecting food production – the world needs protein to feed its people.
Fonterra has delayed its walk up the annual results aisle by two weeks, after earlier warning it will make a multi-million dollar loss. Peter Fraser traces the events leading up to the surprise decision and considers whether there is more to it than meets the eye.
For Fonterra, September 12 2019 mattered. It was the day its much-anticipated and well signposted end-of-year financial results were scheduled to be released.
The issue was simple. In recent times nothing has gone Fonterra’s way, and as a result the organisation has found itself in the headlines for all the wrong reasons (see here, here, here, here, here, here, here, here, here, here, here, here, and here. And here and here. And here too. And don’t forget here and here.) . .
A big crowd at a recent open day at a Winton herdhome shelter proves there’s an appetite for change as Southland’s farmers look to ‘gain ground’ with a more efficient use of land and labour.
After converting to dairy over 23 years ago Shane and Vicky Murphy have steadily increased their herd while pragmatically investing in the infrastructure of their Winton farm. . .
Synlait Milk will reap cheaper interest costs if it hits various environmental, social and governance in a $50 million, four-year loan with ANZ Bank. However, if it falls short, that bill will be higher.
“This is the first time any New Zealand company has agreed with its bankers to link its sustainability agenda to its cost of funds. This is exciting and innovative,” Katharine Tapley, head of sustainable finance solutions for ANZ, told BusinessDesk.
The loan will effectively transfer ANZ’s existing $50m committed four-year revolver loan with Synlait into an ESG linked loan and a discount or premium to the base lending margin will be applied, based on its performance around a score of measures. Synlait and ANZ declined to specify details around the discount or premium, citing commercial sensitivity. . .
Experts are warning that the legalisation of cannabis could increase the levels of contamination in other crops and impact our trade relationships, writes Zac Fleming.
Warnings have been raised with the government that New Zealand’s trade relationships could be compromised by food contaminated with cannabis if the plant is legalised.
On at least four occasions between December last year and April this year, Ministry for Primary Industries staff warned ministers and high-ranking trade officials of a potential “significant trade risk” arising from the legalisation of cannabis. . .
British farmers work hard to enhance the British countryside, maintain habitats for native plants and animals, maintain footpaths, protect watercourses and support wildlife species.
Just as we depend on the UK’s farmland for the food we eat every day, so does the country’s wildlife. And with 71% of land in the UK managed by farmers, it’s easy to see what an important role they play in helping to protect and encourage wildlife and habitats. . .