Industrial Hemp Regulations Revoked as New Zealand Opens New Era for Hemp Industry
From last week, the Industrial Hemp Regulations 2006 have been revoked.
Primary Industries Minister Nathan Guy says the devastation in the South Island from the Kaikoura earthquakes was worse than he initially thought.
After flying over the area he says there is widespread devastation down the coast and inland and an estimated 100,000 landslips. Extrapolating that number of landslips through rural New Zealand, “it is massive”, he says.
He has seen faultlines through farms and cow sheds just “munted”.
“The devastation down there is bigger than I thought it would be. It will take a long period of time to help rebuild these rural communities,” he says.
They have announced a rural support package of $5 million – they know that won’t cover everything that’s needed.
“A real focus will be on those non insurable items on farm, we will fund the Rural Support Trust, we will fund some coordinators,” he says.
“I am very keen to see if we can get agricultural students from Lincoln and Massey and Taratahi over the summer months to work with the adverse events team from Federated Farmers who provide that coordination.
The initial focus was on human welfare, making sure farmers and families were looking after one another and their communities, animal welfare and restoring water supplies.
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.