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Economy

Budget 2022: Spend, spend, spend for a secure future?

May 20, 2022 by Nick Clark

by Nick Clark, National Manager General Policy At a Glance Big spending Budget. Emphasis on cost of living, health, and climate change, plus ‘business support’ and Māori. Surplus return delayed a year. Next year’s will be even bigger. The Big Picture: Hey Big Spender Budget 2022 is being sold by the Government as putting New […]

Economic Week – May 20

May 20, 2022 by Nick Clark

by Nick Clark, National Manager General Policy Budget 2022 was a big spending budget with a strong emphasis on cost of living, health, and climate change.   Its approach was sold by the Government as putting New Zealand on a path to a ‘Secure Future’. The Government considers its new and increased spending and its […]

Economic Week – May 13

May 13, 2022 by Simon Edwards

Fonterra cuts forecast Fonterra this week revised its 2021/22 forecast Farmgate Milk Price range to $9.10-$9.50 per kg milk solids (from its previous forecast of $9.30-$9.90).  This reduces the midpoint of the range, which farmers are paid, to $9.30 (from $9.60). Fonterra cited lockdowns in China due to COVID-19, the economic crisis in Sri Lanka, […]

Economic Week – May 6

May 6, 2022 by Simon Edwards

Commodity prices slip from highs After trending up over recent months the ANZ World Commodity Price Index dropped 1.9% in April compared to March. Dairy prices fell 4.0% month-on-month, driven primarily by lower prices for whole milk powder. ANZ noted Chinese lockdowns causing logistical nightmares and dampening consumer demand while its economic slowdown will also […]

Biosecurity funding increase is sensible move

May 5, 2022 by Simon Edwards

An $111 million injection for biosecurity in the May Budget is a pragmatic acknowledgement of how vital it is to our economy we stop pest organisms at our borders, Federated Farmers says. “This extra money shows an appreciation by the government pest incursions can wreak havoc in our primary industries, New Zealand’s powerhouse for export […]

Economic Week – 29 April

April 29, 2022 by Simon Edwards

by Nick Clark, National Manager General Policy Farm sales slip but still stronger than a year ago The Real Estate Institute of New Zealand’s latest Rural Property Statistics have shown there were 395 farm sales in the three months ended March 2022. This was down 11.4% on the three months to February 2022 and also […]

The perils of spending other people’s money – what Feds wants from the May Budget

April 26, 2022 by Andrew Hoggard National President

By Andrew Hoggard, President Federated Farmers of NZ It’s easy to spend other people’s money and this Government is proving to be expert at it. Unfortunately, it has not been so expert at spending it wisely or caring much about value for money. The Auditor-General reported at the end of March that a $290 million […]

Federated Farmers – Rabobank survey shows continued strong growth in farm staff pay

April 26, 2022 by Simon Edwards

Average growth of 13 percent in pay packages in the last two years is another reason for more New Zealanders to consider a career in agriculture, Federated Farmers President Andrew Hoggard says. The 2022 Federated Farmers-Rabobank Farm Remuneration Report, released today, shows that since the 2019/2020 survey weighted average incomes in the dairy sector have […]

Economic Week – April 22

April 22, 2022 by Simon Edwards

Inflation running hot As widely expected, inflation intensified in the March 2022 quarter, increasing to its highest annual rate in 32 years. Statistics NZ’s Consumer Price Index recorded a 1.8% increase in the March quarter compared to the December quarter, pushing the annual rate of inflation up from 5.9% to 6.9%. Although a little lower […]

Economic Week – April 15

April 14, 2022 by Bronwyn Wilson

OCR jumps in inflation fightThe Reserve Bank moved decisively this week, increasing the Official Cash Rate 50 basis points to 1.50%. The economy is not exactly in great shape and there are many risks to growth, both global and local. The Russian war on Ukraine and China’s latest COVID shut down are both hitting growth […]

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Spotlight

New strategy to ‘re-design the harm out of farming’

March 21, 2022 By Simon Edwards

More to see

Andrew wraps the week…

Budget 2022: Spend, spend, spend for a secure future?

Economic Week – May 20

Feds pleased to see emissions tech talk backed with investment

Research on repellents to keep kea safe

Economic Week – May 13

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Agribusiness andrew hoggard animal welfare apiculture Arable awards beef Beef+Lamb bees China climate change competition consumer councils COVID-19 Covid-19 effects dairy DairyNZ dairy prices Damien O'Connor economics economy education emissions employment environment exchange rates exports free trade agreements government health and safety innovation meat on-farm on-farm safety rates red meat safety science sustainability trade transport water wool worksafe

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Federated Farmers is New Zealand’s leading independent rural advocacy organisation.

The federation’s aim is to add value to the business of farming for our members and encouraging sustainability through good management practice.

Recent

  • Budget 2022: Spend, spend, spend for a secure future?
  • Economic Week – May 20
  • Feds pleased to see emissions tech talk backed with investment
  • Research on repellents to keep kea safe
  • Economic Week – May 13

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Agribusiness andrew hoggard animal welfare apiculture Arable awards beef Beef+Lamb bees China climate change competition consumer councils COVID-19 Covid-19 effects dairy DairyNZ dairy prices Damien O'Connor economics economy education emissions employment environment exchange rates exports free trade agreements government health and safety innovation meat on-farm on-farm safety rates red meat safety science sustainability trade transport water wool worksafe

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