Super announcement 4pm

March 6, 2017

An email from Politik says Finance Minister Steven Joyce is expected to join Prime Minister Bill English at the post-cabinet media conference at 4pm to make an announcement on superannuation.


Cabinet changes

December 18, 2016

Prime Minister Bill English has announced changes in and outside Cabinet:

Prime Minister Bill English has today announced his new Cabinet line-up which builds on the success of the last eight years and provides new ideas and energy heading into election year.

“Over the last eight years National has provided a strong and stable Government which is delivering strong results for New Zealanders,” says Mr English.

“This refreshed Ministerial team builds on that success and provides a mix of new people, alongside experienced Ministers either continuing their roles or taking up new challenges.

“This new Ministry is focused on providing prosperity, opportunity and security for all Kiwis, including the most vulnerable in our communities.”

Deputy Prime Minister Paula Bennett will remain the Minister of State Services and Climate Change Issues and will pick up the Police, Women and Tourism portfolios.

“I am looking forward to working with Paula as my deputy and I am delighted she is taking on the Police and Women’s portfolios.

“As only the second woman Deputy Prime Minister of New Zealand Paula is well placed to take on the Women’s portfolio and represent the interests of women at the highest level of the government.”

Steven Joyce will pick up Finance and Infrastructure, while Gerry Brownlee will remain the Leader of the House and retain Supporting Greater Christchurch Regeneration, Defence, and the Earthquake Commission portfolios. He will also be appointed as the Minister of Civil Defence.

“Steven and I have worked closely together in the Finance portfolio over the last eight years, and as Economic Development Minister he has delivered strong leadership of the government’s Business Growth Agenda.

“As Infrastructure Minister Steven will have a key role in overseeing the significant investments the government will be making in the coming years.

“I am delighted to have Gerry continue in his senior roles, including Leader of the House, and also to have him pick up the Civil Defence portfolio in which he has provided such leadership during the aftermath of the Kaikoura earthquake.”

Simon Bridges and Amy Adams have both picked up additional senior ministerial responsibilities.

Simon Bridges continues as the Minister of Transport and will pick up the Economic Development and Communications portfolios and Associate Finance, while Amy Adams retains Justice, Courts and picks up Social Housing, Social Investment and Associate Finance. Amy Adams will take a lead role in driving the Government’s social investment approach.

“Simon and Amy are two high performing Ministers who are ready to take on more responsibility. I am confident they will work well with Finance Minister Steven Joyce,” says Mr English.

At National’s Mainland conference, Amy told delegates she’d asked for money to be directed into social portfolios because that was the way to address the causes of crime.

She is well qualified for the extra responsibility for social investment.

Jonathan Coleman continues in his Health and Sport and Recreation portfolios, and will play an important role on the front bench.

“All New Zealanders care deeply about the health system, and Jonathan’s focus on ensuring that the needs of people young and old in accessing quality health care is a very strong one.”

Michael Woodhouse has also been promoted up the Cabinet rankings, retaining Immigration and Workplace Relations and Safety and picking up the ACC portfolio.

“I would like to congratulate Michael on his promotion. He has been a solid performer and I know he still has a lot more to contribute.”

Anne Tolley has picked up Local Government and will also be appointed Minister for Children, where she will continue her work on improving outcomes for children and young people.

Hekia Parata will retain the Education portfolio until May 1, at which point she will retire from the Ministry to the back bench.

“I am keen for Hekia to see through the education reforms which she is well underway on, and she will work closely with other Ministers to ensure there is a smooth transition in May.”

There will also be a transition of ministers in the Foreign Affairs portfolio.

Murray McCully will retain the Foreign Affairs portfolio until May 1at which point he will retire from the Ministry to the backbench. A decision on his replacement will be made at that time.

“I am keen for Murray to stay on for this transitional period to ensure I have the benefit of his vast experience on the wide range of issues that affect New Zealand’s vital interests overseas.”

This ensures there will be no need for a by-election if he leaves parliament when he’s no longer a minister. It also leaves the door open   for another couple of back benchers to get promotion next year.

Judith Collins takes on new responsibilities in Revenue, Energy and Resources and Ethnic Communities, and is well placed to oversee the significant business transformation work occurring at Inland Revenue.

A number of Ministers largely retain their existing responsibilities, including Chris Finlayson, Nathan Guy, Nick Smith, Todd McClay, Maggie Barry and Nicky Wagner.

Paul Goldsmith and Louise Upston have been promoted into Cabinet.

“I would like to congratulate Paul and Louise on their promotions which are all well-deserved,” says Mr English.

There are four new Ministers. Alfred Ngaro who goes straight into Cabinet and Mark Mitchell, Jacqui Dean and David Bennett who have been promoted to Ministerial positions outside Cabinet.

I am especially pleased that Alfred and Jacqui are being promoted.

He was an electrician before entering gaining a degree in theology and has extensive experience in community work. (See more here).

Jacqui is my MP, serving one of the biggest general electorates in the country. She c0-chaired the Rules Reduction Taskforce and was Parliamentary Private Secretary for Tourism and Local Government.

“The National party Caucus is a tremendously talented one, and as Ministers finish their contribution it’s important for the government’s renewal that we give members of our caucus an opportunity. Alfred, Mark, Jacqui and David have worked hard and performed well in their electorates and as select committee chairs, and deserve their promotions.”

There will be 21 positions in Cabinet until May 1 and a further six outside Cabinet (including two support party Ministers) keeping the total number of Ministerial positions at 27 plus the Parliamentary Under Secretary David Seymour.

“I would like to thank our support party leaders Peter Dunne, Te Ururoa Flavell, and David Seymour for their continued contribution to a strong and stable government.”

Mr English said that he expected to make announcements on the two further new Ministers to replace Ms Parata and Mr McCully just prior to their 1 May retirements from the Ministry.

Ministers Sam Lotu-Iiga, Craig Foss and Jo Goodhew are departing the Ministry.

“I would like to thank Sam Lotu-Iiga, Craig Foss and Jo Goodhew for their service to New Zealand as ministers. I am sure they will continue to be great contributors to New Zealand society in the years ahead.”

The full list of portfolios and rankings is here.


Brighter books

December 9, 2016

In 2008 when John Key first became Prime Minister and handed his deputy Bill English the role of Finance Minister, Treasury was forecasting a decade of deficits.

Eight years later, ss The PM steps down, the Finance Minister is about to step into his shoes and Economic Development Minister Steven Joyce is poised to take over the finances, the books are looking much brighter:

Treasury’s latest forecasts show the Government’s programme of responsible economic and fiscal management is delivering benefits for New Zealanders, Finance Minister Bill English says.

“Economic growth is expected to average around 3 per cent over the next five years – considerably stronger than forecast in Budget 2016 – supporting more jobs, falling unemployment and higher incomes,” Mr English says.

“The more positive outlook for the economy is driven by high levels of construction activity, exports (particularly tourism), a growing population and low interest rates.”

The 2016 Half Year Economic and Fiscal Update forecasts unemployment to  drop to 4.3 per cent by 2020/21. Over the same period Treasury expects another 150,000 jobs to be created and the average wage to increase by $7,500 to $66,000.

“While the recent Kaikoura earthquakes have had a major impact on affected families and businesses, they are not expected to disrupt the overall momentum of the economy,” Mr English says.

“However, the earthquakes do highlight the importance of paying off debt in the good times so that the Government can support New Zealand communities in challenging times.”

Treasury estimates the total fiscal cost of the earthquakes will be about $2 billion to $3 billion, some of which will be funded by insurance proceeds or existing funds. Net costs of $1 billion have been included in this year’s forecasts. 

The operating balance before gains and losses (OBEGAL) is forecast to be $473 million in surplus this year, rising to $8.5 billion over the forecast period.

The Half Year Update shows net debt peaked as a proportion of GDP in 2015/16 – a year earlier than previously expected – and is expected to fall to 18.8 per cent of GDP by 2020/21.

Mr English says the accompanying Budget Policy Statement confirms the operating allowance will remain at $1.5 billion for each of the next four Budgets.

The capital allowance for Budget 2016 has been increased from $900 million to $3 billion in Budget 2017 and to $2 billion in future Budgets to provide for a number of high quality infrastructure and investment projects.

Contributions to the NZ Super Fund are forecast to restart in 2020/21 once net debt falls below 20 per cent of GDP.

The Half Year Economic and Fiscal Update and Budget Policy Statement can be found here and here.

Summary of Economic and Fiscal Forecasts
No automatic alt text available.

 


Rural round-up

December 6, 2016

Farm and research hub all go – Sally Rae:

Work is under way to convert the site of the new Southern Dairy Hub at Makarewa, near Invercargill, into a working dairy farm and centre for science and research.

Last week, Economic Development Minister Steven Joyce climbed aboard an excavator to shift  earth at the site of the new dairy shed.

DairyNZ and AgResearch  are the principal shareholders in the hub,  investing $5million each, while local farmers and businesses  have contributed a further $1.25million through the Southern Dairy Development Trust. . . 

McKay still entranced by cavalcade – Sally Rae:

When Jeanette McKay saddled up for the first Otago Goldfields Cavalcade in 1991, it was to prove to be an “epic journey”.

A blizzard hit the trail, resulting in nine people being treated for hypothermia, but it failed to dampen her enthusiasm for the event.

Mrs McKay (71), from Springvale, near Alexandra, is among a handful of equine enthusiasts who have taken part in every cavalcade. And she will be hitting the trail again for next year’s 25th anniversary event which finishes in Omakau on March 4. The event still maintained its “magic” for the cavalcade veteran who always hoped it would “enthuse people to do more trekking, to see more of the country”. . . .

Healthy Rivers Plan Needs a Rethink:

Federated Farmers is calling for the Healthy Rivers Wai Ora project in the Waikato to be put on hold.

This follows the Waikato Regional Council’s intention to withdraw 120,000 hectares from the original proposed Plan Change 1.

The decision was made after Hauraki iwi raised concerns around the consultation process.

As a result, an area of land of interest to iwi will be ‘partially withdrawn’ as a step towards future consultation with Hauraki iwi. . . 

Concrete for 50 years peace of mind – Mark Daniel:

As the milk price nuzzles $6/kgMS, dairy farmers with financial clout can again turn to dealing with effluent and some equipment makers can cease holding their breath.

One dairy farmer who has the effluent problem under control is John van Heuven, who with his wife Maria milks 500 cows on 165ha at Johmar Farms on the outskirts of Matamata.

Having decided to increase cow numbers and install a 54-bail rotary for 2015, van Heuven decided to upgrade effluent storage, which had capacity for 1.5 milkings and needed closer attention. . . 

NZ milk processors including Miraka lift forecast payouts, boosting economic outlook – Tina Morrison:

(BusinessDesk) – Advances in whole milk powder prices at recent GlobalDairyTrade auctions is bolstering the outlook for New Zealand’s largest export commodity and prompting milk processors to hike their forecast payout levels to farmers this season, signalling a boost ahead for the local economy.

Taupo-based milk processor Miraka hiked its base forecast late last week to a range of $5.80-to-$6 per kilogram of milk solids, joining Open Country Dairy which raised its forecast to $5.60-to-$5.90/kgMS, Westland Milk Products with a range of $5.50-to-$5.90/kgMS, and both Synlait Milk and Fonterra Cooperative Group at $6/kgMS. Dairy NZ currently estimates the average farmer will break even at a milk price of $5.05/kgMS. . . 

Lamb flap prices rise to 20-month high as higher Chinese demand meets lower NZ supply – Tina Morrison:

(BusinessDesk) – Prices for the humble lamb flap are on a tear, hitting their highest level in 20 months, driven by increased demand from China and lower supply from New Zealand.

While prices for a leg of lamb in the UK and beef for meat patties in the US are being impacted by weak demand, the price for lamb flaps rose to US$5.10 per kilogram in November, from US$4.70/kg in October and US$3.80/kg for the same period a year earlier, according to AgriHQ’s latest monthly sheep & beef report. That’s the highest level recorded by AgriHQ’s since March 2015. . . 

Major dairy farming portfolio placed on the market for sale:

One of New Zealand’s larger private-structured dairy farming operations – producing some $8.5 million worth of milk a year – has been placed on the market for sale.

The portfolio of Otago farms encompasses four stand-alone dairying operations located some 15 kilometres south-west of Oamaru. They are owned by Oamaru-based company Borst Holdings Ltd.

Combined, the 992 hectares of land produce a whopping 1,418,000 kilograms of milk solids annually from a herd of 3380 animals. The four operations within the portfolio are:
• Pleasant Creek Farm – a 321 hectare property split into 42 paddocks, milking 980 cows. The farm has five dwellings – including a five-bedroom executive style homestead, a four-bedroom manager’s residence, a second four- bedroom dwelling, and a trio of two-bedroom staff quarters in various configurations. . . 

Image may contain: sky and outdoor


Rural round-up

November 30, 2016

Training isn’t meeting needs – Neal Wallace:

It requires a liberal dose of lateral thinking to grasp the paradox that is primary sector training.

Recently the Tertiary Education Commission said it wanted to invest more money into primary sector training because there were plenty of jobs.

The primary sector continues to struggle to find staff and this week the Government announced an extension to the Recognised Seasonal Employer Scheme allowing another 1000 foreigners to work on the coming harvest.

But, incongruously, primary sector training is in upheaval with several high-profile providers responsible for training about 1000 young people, exiting the industry, others looking for a new provider and, in the case of Lincoln University, making 51 staff redundant to balance its books. . . 

Show deal boosts export potential – Colin Ley:

The southern hemisphere’s biggest agribusiness exhibition, the National Fieldays, and Europe’s largest agricultural show, have signed a collaboration deal.

They have signed memorandum of understanding as part of an initiative to boost farm business and trading links between New Zealand and the European Union.

The move would deliver major benefits to NZ’s 130,000-visitor event, held near Hamilton each June, and Eurotier’s 160,000-visitor show held in Hannover, Germany, every second year, Fieldays chief executive Peter Nation said. . .

Govt working with wine industry to secure 2017 Marlborough vintage:

Economic Development Minister Steven Joyce and Primary Industries Minister Nathan Guy are working with the Marlborough wine industry to respond to the challenges of the November 14 earthquake and assist with the 2017 vintage.

“The Marlborough wine industry faces some challenges,” Mr Joyce says. “The key impact has been damage to around 20 per cent of the wine storage tanks in the region, and the potential that a lack of storage will affect the ability of the industry to process the full 2017 harvest, which commences in around 15 weeks.” . . 

Animal blamers got it all wrong – Alan Emmerson:

I wrote back in September that we needed to stop playing the blame game over the Havelock North water crisis. We needed to find out and quickly how to fix the problem.

Last week that game reached new heights of absurdity with the Hawke’s Bay Regional Council issuing proceedings against the Hastings District Council.

What they’re actually doing is suing their own ratepayers, which won’t achieve anything except lining the pockets of lawyers.

The interesting point is that it’s not farmers who are now in the gun but the Hastings council over bore maintenance and siting. . . 

Westland lifts its payout prediction:

Hokitika-based Westland Milk Products, New Zealand’s second largest dairy co-operative, has lifted its total operating surplus ( payout) predictionfor the 2016-17 season to range of $5.50 to $5.90 per kilo of milk solids (kgMS).

This is estimated to produce a net return to shareholders (after retained earnings) of $5.30 to $5.70 per kgMS. The co-operative’s previous estimate for the season was a net range (after retained earnings) of $4.55 to $4.95 per kgMS.

Chief Executive Toni Brendish said the lift in payout prediction has been made possible by two factors. . . 

Synlait Increases Forecast Milk Price to $6.00kgMS:

Synlait Milk (NZX: SML; ASX: SM1) has increased their forecast milk price from $5.00 kgMS to $6.00 kgMS for the 2016 / 2017 season.

Synlait planned to provide an updated forecast at the start of February 2017, however Mr Milne said an update now is more appropriate and beneficial for Synlait’s 200 Canterbury milk suppliers.

“We’ve kept a close eye on the global dairy market and the trending increase in dairy prices can’t be ignored. As a result, we’ve increased our forecast milk price to $6.00 kgMS,” said Graeme Milne, Chairman.

Mr Milne said reduced European production over the past three months shows European dairy farmers are responding to lower milk prices. . . 

Dairy volatility has not gone away – Keith Woodford:

Fonterra’s recent upgraded estimate of $6 per kg milksolids (fat plus protein) for the 2016/7 milk price has been welcomed by everyone in the industry. Given that it is only six months since Fonterra’s initial for this season of $4.25, the current estimate should also remind us of the impossibility of predicting milk prices with any accuracy.

This level of inaccuracy is typical of the last three years, where Fonterra’s initial estimates compared to the final price were out by $1.40 in 2014, $2.60 in 2015 and $1.35 in 2016.

Currently, we are about half way through the milk season in terms of production, and most companies will have sold about half of their total seasonal production. With some forward selling, they may even be ahead of this.  It is about this stage of the season that I bring in my price-range estimate to about $1.80 (i.e. plus or minus 90c around a mid-point).   . . 

Plan to diversify Southland economy:

Economic Development Minister Steven Joyce and Primary Industries Minister Nathan Guy today announced government support for a new regional growth plan to bolster the Southland economy.

The Southland Regional Development Strategy Action Plan was developed by the Southland Regional Development Strategy Governance Group and is supported by the Government’s Regional Growth Programme, which aims to increase jobs, incomes and investment in regional New Zealand.

“Southland has a relatively small economy which relies on a limited number of industries. While the regional population is growing, for the past ten years population growth has been significantly slower than in the rest of the country,” Mr Joyce says. . .

Predator Free 2050 Ltd board appointed:

The company which will be a key player in achieving New Zealand’s Predator Free 2050 ambition is now up and running, Conservation Minister Maggie Barry says.

“Today marks the official establishment of Predator Free 2050 Ltd and the appointment of a skilled board of nine directors,” Ms Barry says.

“This company, and its leadership, will be absolutely integral to the success of the Predator Free 2050 programme. Their role will be to direct investment into regionally significant predator eradication projects and the breakthrough science solutions we need to achieve predator free status.”

Formation of the company was signalled in July, when the Government committed to the ambitious goal of eradicating rats, stoats and possums from New Zealand by 2050. . . 

HortNZ celebrates 100 years of representing growers:

 

Today, Horticulture New Zealand celebrates 100 years of representing growers, with its foundations in the New Zealand Fruitgrowers Federation formed in 1916.

“Our focus is on uniting fruit and vegetable growers to give a strong and unified voice on matters related to our part of food supply in New Zealand and our export markets,” Horticulture New Zealand President Julian Raine says.

“Looking back at the history of the organisation, there is very much a recurring theme of creating an environment where growers can innovate and grow and in doing so, contribute to the economy with jobs and exports.” . . .

Image may contain: text and one or more people


Bribe-O-Meter relaunched

October 31, 2016

National has a lot to gain from winning the Mt Roskill by-election and Labour is already showing it knows it has a lot to lose:

The Mt Roskill by-election campaign has hardly started and Labour has already shown how desperately worried they are about losing it, National Party Campaign Chair Steven Joyce says. 

“Labour are hitting the panic button fairly early on,” Mr Joyce says. “Promising a $1.4 billion rail link between the electorate and the city looks very desperate.” 

“This is taking pork barrel politics to a whole new level. If this is the sticker price for a Labour party by-election campaign, all the other electorates across New Zealand will be asking for their $1.4 billion. To say nothing of every other electorate in Auckland looking for multi-billions in new railway lines.  And we’ve still got more than a month to go.”

Mr Joyce noted that the Labour party is promising Auckland ratepayers will pay for part of their by-election bribe. “I’m assuming the new Mayor of Auckland is okay with Andrew Little saying the city has got a lazy $700 million lying around at the same time Mr Goff is out there saying the Council is short of money.”

Mr Joyce says Labour would be better off promoting their candidate as a possible MP for Mt Roskill. “This is Mr Wood’s third attempt to become an MP. You think they would be putting in the effort making him look electable rather than highlighting how worried they are he’ll lose.

“The Mt Roskill by-election will be about who is the best person to represent the electorate in Parliament. 

“Parmjeet Parmar is already showing the people of Mt Roskill that she is a hardworking conscientious MP who will be a strong diligent voice for Mt Roskill in Wellington. All this announcement today underlines is that Labour are worried sick that the people of Mt Roskill will choose her over their candidate.”   

These comments show National has learned from mistakes made in the Northland by-election.

 

And it’s just as well because the Taxpayers’ Union is counting the cost of any promises made:

The Taxpayers’ Union is relaunching its election Bribe-O-Meter to keep track of politicians’ pork-barrel promises in the lead up to the Mt Roskill by-election. Taxpayers’ Union Executive Director, Jordan Williams, says:

“While the by-election is for a single Parliamentary seat, the cost of pork-barrel promises impact the pockets of all New Zealand taxpayers.”

“Labour has run roughshod over Auckland Council and the NZTA’s cost-benefit planning processes. Its pledge to spend $1.4 billion on light rail risks an expensive bidding war with the Government – with the cost landing on taxpayers.”

“The Bribe-O-Meter is to provide transparency and accountability for what those promises will cost.”

The Mt Roskill Bribe-O-Meter will be hosted online at www.taxpayers.org.nz.

In a by-election voters can, as they do with their electorate vote in a general election, choose the person they think will best represent them and pay less attention to parties.

The more Labour promises to spend, the more it will be showing it lacks confidence it its candidate.

 


Rural round-up

October 19, 2016

New Zealand Food Awards unveils the ‘best of the best’ for 2016:

The winners of the 2016 New Zealand Food Awards, in association with Massey University, were unveiled this evening at a gala dinner among 400 guests at the Auckland War Memorial Museum, with nine products from 11 companies taking out the top spots.

A record number of entries – up 62 per cent on last year – made competition for the prestigious awards more intense than ever this year.

Wanganui’s Coastal Spring Lamb proved the overall champion, claiming the ultimate accolade of the Massey University Supreme Award, as well as the Export Innovation and Chilled Foods Award categories with its Lamb Rack. Judges were particularly impressed with the process used to grow, market and sell the product from pasture to plate.

Coastal Spring Lamb owners, Richard and Suze Redmayne, say winning the Massey University Supreme Award was a dream come true and great recognition for the farming families behind the high quality product. . . 

Exporters back single QA standard for deer farms:

All five major venison marketing companies and the NZ Deer Farmers Association (NZDFA) are backing the introduction of a revamped quality assurance programme for farmed deer.

The companies have agreed on a single standard for deer that will eliminate duplication between companies running their own QA programmes. They have also agreed that, after a three-year phase-in period, compliance with the QA standard will be a requirement for the supply of animals for Cervena™ venison.

The development of the single standard was initiated by the marketers and co-ordinated by Deer Industry NZ (DINZ) as part of the industry’s Passion2Profit (P2P) programme. . . 

NZ to support dairy development in Peru:

Economic Development Minister Steven Joyce has today announced New Zealand will contribute $4 million to a four-year dairy development partnership with Peru.

“The New Zealand Peru Dairy Support Project will use our expertise to improve the profitability of up to 90,000 dairy farmers in the Peruvian Sierra,” Mr Joyce says.

“The project will focus on assisting Peruvian farmers with New Zealand technologies to improve milk and cheese production, handling and processing practices, and more effective research and extension.

“Dairying has good potential to increase smallholder dairy productivity and incomes in the Sierra, generating regular cash income and contributing to household nutrition and food security. . . 

Hawke’s Bay Apple Crop Budding Well for a High Quality Season:

Hot, sunny weather in Hawke’s Bay is budding well for another high quality apple crop as the trees reach full bloom.

One of New Zealand’s largest apple growers, BOSTOCK New Zealand is expecting a solid season in 2017.

BOSTOCK New Zealand Owner John Bostock says the outlook is positive thanks to mild weather and few frosts.

“Warm, dry conditions are ideal when trees are in bloom – we have had some really hot days in Hawke’s Bay, with temperatures reaching the mid 20s and indications show it’s a strong bud. . . 

The Stories of Ehrlich, Borlaug and the Green Revolution – Gopi Rajagopal:

 Fifty years after high yielding variety seeds came to India, a look at how they got here – and what may have happened if they didn’t.

For the average person, the names Ehrlich and Borlaug may not mean anything. However, in the late 1960s and early 1970s, the two Americans, in their own way, did something extraordinary. Paul R. Ehrlich, a professor of biology at Stanford University, painted a depressing picture of the state of the world – a picture that had hundreds of millions dying within a decade, and nations such as India and England ceasing to exist.

Norman Borlaug, along with his associates, proved Ehrlich wrong. Borlaug helped nations such as Mexico and India double, even triple, their crop yield – an increase that outpaced the population growth rate and ensured that famines would remain only in the history books. . . 

Inland Revenue considers updating farmhouse expenses rules:

Inland Revenue is looking to bring tax accounting practice regarding farmhouse expenses into line with the law.

This is all part of a review of out-dated practices and policies.

The practice of full-time farmers deducting 25% of farmhouse expenses without needing to provide evidence of their business use has been accepted by the department since the 1960s.

Farmers have also been able to deduct 100% of rates bills and interest costs on loans.

Inland Revenue Group Tax Counsel Graham Tubb said this has allowed some farmers to claim deductions for private spending. . . 

Farmers’ Market Comes to Town:

Four New Zealand farmers have joined forces to bring the freshness of farmers’ market free range eggs to selected supermarkets across the country – introducing Craft Farmers’ Co-op. Kiwis can now enjoy premium free range eggs, within days of local hand-picking.

Located in Northland, Auckland, Wairarapa and Canterbury, the four independent farmers share common philosophies in the way they care for their hens and respect their environment. By collaborating as Craft Farmers’ Co-op, the farmers can provide farm-fresh free range eggs direct to more Kiwis in more locations.

Craft Farmers’ Co-op eggs are hand-packaged at the farm, into biodegradable, recyclable cartons, each with a story about the local farmer who picked them. This means people know exactly where their eggs have come from – the ultimate in traceability. . . 

Pioneering vineyard placed on the market for sale:

The first sheep farm/vineyard conversion property in the Marlborough district of Ward, continuously owned by the same family for six generations, has been placed on the market for sale.

A pioneering vineyard that led the conversion from sheep farming to grape growing in its region has been placed on the market for sale, ending six generations of family ownership.

Francis Estate Vineyard at Ward, South-East Marlborough, was established as a sheep and beef breeding farm by Frederick William (Billy) Francis and his wife Agnus Elizabeth Francis in 1905. The farm remained a meat and wool production focused operation until the late 1980s when the removal of farm subsidies affected the profitability of the sector nationwide. . .

Image may contain: 1 person , text


%d bloggers like this: