fbpx
Print this page
Tuesday, 27 May 2025 13:55

Editorial: KiwiSaver to the rescue?

Written by 
Agriculture Minister Todd McClay. Agriculture Minister Todd McClay.

OPINION: Farmers are rightly urging the Government to relax the rules around KiwiSaver and allow young farmers to use their savings towards purchasing either a house, cows or a farm.

After all, National’s agriculture spokesman Todd McClay, on the eve of the last general election, told farmers in Morrinsville that a National-led Government would let young farmers use their KiwiSaver as part of a deposit to buy a farm, or sharemilking herd or for a flock, to help them get on the ownership ladder.

He said people in towns could use KiwiSaver for their first home deposit, but in rural New Zealand, this wasn’t possible.

“This just seems wrong, and the next National Government will fix it,” McClay told farmers back then.

Now Federated Farmers wants the Government to deliver on that pre-election promise.

According to Feds, the announcement was incredibly popular, particularly among the next generation of farmers, but also with older farmers who are looking for succession pathways.

The federation points out that while National MP Suze Redmayne has since submitted a Members’ Bill that would address some of the issues young farmers face, it is but one of more than 70 bills in the Members’ Ballot – effectively a raffle – and her bill may never be drawn.

Federated Farmers national board member Richard McIntyre claims that having a Members’ Bill in the biscuit tin doesn’t even come close to delivering on their campaign promise.

He wants McClay and all rural MPs to really get in behind farmers and push hard on this issue.

With the National Fieldays around the corner, it may be a good venue for the Prime Minister, and McClay to finally deliver on their party’s election promise.

More like this

Farmers urged to prepare as heavy rain looms

With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.

Editorial: Agri's mojo is back

OPINION: Good times are coming back for the primary industries. From sentiment expressed at Fieldays to the latest rural confidence survey results, all indicate farmer confidence at a near-record high.

Featured

LIC ends year with $30.6m profit

Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.

National

Machinery & Products

Fliegl offers effluent solutions

Founded in Germany as recently as 1977, today, the Fliegl Group employs more than 1100 workers, offering an expansive range…