Print this page

Wednesday, 27 July 2022 12:42

Crisis move

Written by Milking It

font size decrease font size increase font size

OPINION: When three senior Government ministers issue a media release on a Sunday afternoon extending cost of living support, eyebrows are rightly raised.

So, when Grant Robertson (Finance), Megan Woods (Energy) and Michael Wood (Transport) recently announced "significant additional support", they knew something we didn't.

Sure enough, the next day, Stats NZ released its quarterly Consumer Price Index for the three months to June and it wasn't happy reading.

The cost of living crisis is getting worse as inflation hits 7.3%, the highest increase since 1990. The increase was largely driven by rising rents and construction costs.

Let's hope the next quarterly Consumer Price Index contains less doom and gloom.

More like this

M.I.A.

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.

Synthetic milk

Synthetic milk

OPINION: Will synthetic milk derail NZ's economy?

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

Red line on dairy

OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.

Farmland security

OPINION: Paranoia about foreigners is at an all-time high in the US and attention is now turning to foreign-owned farmland.

Popular Reads

Two milk processing plants changing hands

Two large milk processing plants in New Zealand are changing hands.

Waikato dairy farmers enter 2025 regional council elections

Two Waikato dairy farmers and Federated Farmers leaders have thrown their hats in the ring for this year's Waikato Regional…

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of…

Fonterra consumer business sale price jumps to $4.22b

The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to…

Open Country finalises acquisition of Miraka Limited

Open Country Dairy has finalised a deal to acquire 100% of Miraka.

Featured

Phoebe Scherer named 2025 Young Grower of the Year

Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

Boutique cheesemaker Cranky Goat in voluntary liquidation

Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.

National Pest Management Plan for TB seeks feedback

As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

Long shot research by forage breeder nails pasture success

A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.

National

AgFirst marks 30 years of agribusiness advice

AgFirst, New Zealand's largest independent agribusiness consultancy, is turning 30 - celebrating three decades of "trusted advice, practical solutions, and…

Strong production, tested demand send milk prices crashing

Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole…

ACC urges safety during spring calving

Dairy farmers around the country are into the busy spring calving period.

Rural NZ faces shift as copper network deregulation looms

Rural communities say support is required to shift away from the copper network that has been the only source of…

Chris Lewis ready for another term

After serving three as a DairyNZ director, Waikato farmer Chris Lewis is ready for another term.

Machinery & Products

Revamp for Valtra's A Series models

Valtra has recently announced upgrades to the fifth generation A Series, offered to the New Zealand market in the four…

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

Pöttinger: From grassland machinery to global innovator

Formed in 1871, Austrian agricultural machinery manufacturer Pottinger originally focused on producing grassland machinery for a little over a century.

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

Transpread launches compact single-axle pumping trailer

Umbilical pumping specialists Transpread have designed a compact, single-axled version of its Contractor trailer engine-driven pump system, offering reduced dimensions…