Labour Supports NZ/India FTA
National's decision to ‘dribble’ information about the NZ/India to Labour contributed to the delay in it deciding to supported the FTA.
Left to right: Minister of Agriculture Damien O’Connor, AgriZeroZ Executive Director Wayne McNee, MPI Director General Ray Smith, Massey University Professor Ray Geor, Prime Minister Chris Hipkins, AgResearch CEO Dr Sue Bidrose
Damien O'Connor says the Government is backing two new pasture projects with $4.3 million co-invested with industry through its Sustainable Food and Fibre Futures fund looking at soil and grass to help farmers reduce costs, maintain good pastures, and remain a world-leading sustainable producer of high value food.
One of the projects will see whether extended periods of deferred grazing will encourage pasture roots to grow larger and deeper which in theory would increase water and nutrient use efficiency, reduce nutrient losses and increase pasture resilience to recover from extreme weather events such as floods and droughts.
“The other project, Ensuring a Sustainable Future Pasture Presence in NZ, will look at increasing the productivity of pasture grass. The new ryegrass pastures under development are expected to increase productivity by around 20 percent, and provide farmers with options to reduce nitrate leaching, increase carbon sequestration and improve water use efficiency,” says Damien O’Connor.
He says lifting NZ’s sustainability credentials and lowering our emissions profile will be key to future-proofing the industry and cementing a path towards continued export growth.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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