Honey sector strategy aiming for sweet spot
While confident that the apiculture sector can meet its target of doubling honey exports by 2030, chair of ApicultureNZ, Nathan Guy, says it will be challenging.
PRIMARY INDUSTRIES Minister Nathan Guy has welcomed the findings of an independent report into the Primary Growth Partnership (PGP), which estimates it will add $6.4 billion per annum to New Zealand's economy by 2025.
"The NZIER report further concludes that the PGP has the potential to achieve an additional $4.7 billion per annum by 2025 if all the R&D is successful, the aspirational stretch of PGP programmes is achieved, and the innovations are widely uptaken.
"This would add up to $11.1 billion per annum to New Zealand's economy by 2025.
"The PGP is about supporting innovation in the primary industries, which are the backbone of New Zealand's economy – accounting for over 70% of our merchandise exports. There are currently 18 announced programmes jointly funded by industry and government."
The $11.1 billion per annum figure is made up of:
• $2.2 billion - GDP projected growth from government investment
• $4.2 billion – GDP estimate from industry investment
• Other aspects adding to $4.7 billion (i.e. from increasing the success of R&D, achieving the aspirational stretch of programmes and improving uptake of the innovations).
"The long term 30-year benefit cost ratio (BCR) for the government funding alone is 32, which confirms what a good investment this is. Clearly this will be a big part in achieving the Government's goal of doubling primary sector exports by 2025.
"Science and innovation are key drivers of economic growth and international competitiveness, as noted in the Government's draft National Statement of Science and Investment. Boosting productivity in New Zealand's primary industries will mean more exports, more jobs and an improved standard of living for New Zealanders.
"NZIER estimate extra income per year of $270 per hectare for hill country farming, $600 per cow for dairy, $370 per tonne of exported seafood, and $190 per hectare for forestry.
"It's also worth noting these figures don't include wider benefits the PGP will deliver, such as environmental sustainability and improvements to health and safety," Guy says.
The Ministry for Primary Industries (MPI) commissioned the NZIER to carry out independent research into the economic impacts of the PGP and provide a robust analysis of potential export growth, GDP growth, and other economic measures.
As at 30 April 2014, the total government funding paid to the 15 programmes currently underway was $99.8 million.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…