Biosecurity Ranked Top Priority In KPMG Agribusiness Agenda 2026
According to new research, industry leaders have ranked world-class biodiversity as the number one priority for the 16th year in a row.
KPMG’s head of agribusiness Ian Proudfoot describes the Covid-19 event as the most disruptive ever in the global ecomomy.
Get prepared for a ‘Now Normal’ future, says Ian Proudfoot – Global Head of Agribusiness for KPMG – discussing the likely effects of COVID-19 in the months to come.
Speaking via a recent webinar, organised by AgriTech New Zealand, Proudfoot described the event as the most disruptive ever in the global economy,
“Our experience is our biggest asset – and also our biggest constraint – is the fact that we need to overcome our educated incapacity.”
He suggests there has never been a better time for a rethink about the way we operate and open our minds up to new ways of doing things.
With the early stages of the lockdown creating irrational waves of panic buying, Proudfoot says this level of insecurity, the greatest since the 1940s and World War 2, means that food and its guaranteed availability is no longer a given.
“The level of food insecurity over the last four weeks has seen people give the freezer a good workout, but also reverting to traditional home cooked meals – a trend that will hit the suppliers of ready or high-end meals hard,” he says.
Proudfoot says that food security within NZ means around 1.25 million in the country were “food insecure”. He claims the Government will need to shift its focus from encouraging exports to a position that says we need to feed our own first.
“This might mean structured investment in rural infrastructure to attain the required levels of security and an investment in water,” Proudfoot explained. “Backing off from the intense pressure to adopt environmental schemes it is trying to place on farmers at the moment and generate a better connection between rural and urban communities.”
At the producer level, he says stricter border controls will constrain immigrant and seasonal labour, necessitating a move to mechanisation and robotics quickly and the redeployment and retraining of displaced labour or the unemployed.
“The social isolation we have seen over the last month or so has certainly accelerated the uptake of digital solutions in our day-to-day lives,” Proudfoot added. “I believe businesses will need to take this on board, probably re-inventing themselves to deliver direct to consumers, be they the growers, manufacturers or retailers.”
Discussing likely changes in future consumer spending, he thought people would be looking for lifestyle solutions that helped build immunity and minimise the risk of any future contagions.
“This means producers will need to establish products that offer unique health benefits or immunity boosting capabilities, with sales of functional and nutraceutical products going stratospheric.”
He added that the impacts of C-19 are unprecedented and will be long lasting.
“This means primary and secondary producers will need to rethink their product offerings in a period of austerity, where traditional demand will have shifted. History will recall that this crisis came about from a food safety failing, so in the future, food supply will need to be traceable, trusted and safe for the global community.”
Paynes Titus Excelsior ET, an LIC bull bred by Brad Payne and Claire Brodie in the Waikato, has won the JT Thwaites Sire of the Season 2026 Award.
South Canterbury farmer Colin Hurst has been elected as the new president of Federated Farmers.
Dairy continues to be the mainstay of the country's primary export earnings.
China remains New Zealand’s biggest market, taking $23 billion of our exports, but it’s no longer a commodity story, says Prime Minister Christopher Luxon.
For Jane Smith, becoming a Ravensdown director has been a way she can actively contribute to something quite personal to her - protecting and strengthening a co-operative she deeply believes in.
Lactalis New Zealand has opened a new distribution centre in Christchurch, marking a significant investment in the company's South Island supply chain capability.