Thursday, 02 November 2023 09:50

Kiwisaver to buy farms

Written by  Milking It

OPINION: A change in government has given hope to a farming community wish: that young farmers be allowed to use their savings to buy their first farm.

KiwiSaver providers are hoping that National will change its mind about making small changes to the scheme and instead conduct a full-scale review, including requiring members to contribute larger amounts.

During the election campaign, National proposed allowing young people to tap into their KiwiSaver savings to pay for a rental bond, and allowing members to have accounts with more than one provider.

But KiwiSaver providers said it was not clear that these were problems that New Zealanders wanted solved – and people who wanted to could already spread their savings by using platforms such as InvestNow.

But farming groups point out that young farmers dream of retiring with their savings in a farm and it makes sense for them to be able to use KiwiSaver to buy their first farm.

More like this

Avian flu in cows

A lethal form of avian influenza has been confirmed in US dairy cattle in Texas and Kansas, the US Department of Agriculture says.

China trade

OPINION: Last week's revelation that data relating to New Zealand MPs was stolen amid Chinese state-sponsored cyber espionage targeting two arms of the country’s Parliament could test the long-standing trade relations between the two countries.

Seedy milk

OPINION: Seeds of legume plants are being used to make dairy-free milk products by scientists at Massey University’s Palmerston North labs.

Papal visit

OPINION: European farmers are going to extreme lengths to have their message heard.

Featured

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals, resulting in more than half a dozen animal deaths.

App trial yields promising results

An initial trial of an app, funded by Beef + Lamb New Zealand, has demonstrated significant results in reducing drench inputs during a small-scale study.

National

Share farmers with big plans

With only about eight weeks to go before their cows are dried off, the 2024 Manawatu Dairy Industry Awards Share…

Team effort brings results

For the team at Westmorland Estate Limited in Waikato, it has been another year of everyone working together to achieve…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.

» Latest Print Issues Online

Milking It

Avian flu in cows

A lethal form of avian influenza has been confirmed in US dairy cattle in Texas and Kansas, the US Department…

China trade

OPINION: Last week's revelation that data relating to New Zealand MPs was stolen amid Chinese state-sponsored cyber espionage targeting two…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter