Budget 2026: Slim Pickings For the Rural Sector
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Federated Farmers Waikato president Andrew McGiven believes animal numbers would have to be effectively halved to meet the 2050 target set by the Government's new Zero Carbon Amendment Bill.
He says food producers are very worried about the proposed bill.
“Even more galling is that no trees that farmers have planted in the last two decades to improve water quality and help with other environmental outcomes may be used as an ‘offset’ because the [required] methane cuts are [stated] in gross terms.
“So the only method is to halve the amount of feed to a ruminant animal, but that will in many cases create animal welfare issues.”
McGiven says the Bill showed him “what a complete farce the recent Interim Climate Change Committee (ICCC) consultation was with industry."
While farmers are unhappy about the unrealistic targets, environment group Greenpeace is also upset with the Zero Carbon Amendment Bill but for different reasons.
Greenpeace executive director Dr Russel Norman says the Bill grants no ability for enforcing its climate change targets.
“What we’ve got here is a reasonably ambitious piece of legislation that’s then had the teeth ripped out of it.”
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.
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