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MPI director-general Ray Smith.
MPI director-general, Ray Smith believes the downturn actually bottomed out in about January, and since then says things have been on the improve but adds that every sector will have different trajectory or timeline as to when there will be an improvement.
He says the downturn has been short and sharp and hopes the recovery will be fast.
“Dairy will likely bounce back in a year, but it will take longer for meat and wool to get back to past levels,” he says Smith says for dairy, volatility may be the order of day but says there is a likely return to better farmgate pay outs with MPI predicting an $8.50 payout. He notes the problems the red meat sector is facing especially in China, but adds that the US meat market is currently very strong.
For Smith, horticulture is a rising star and says it has a lot going in its favour including consumer strong consumer demand for healthy foods such as kiwifruit. He says the apple and pear sector has recovered very well considering the devastation it suffered with Cyclone Gabrielle.
He says the other thing going for the horticultural sector is that it has the most balanced portfolio of consumer-friendly markets and is not reliant on one main market.
Agriculture Minister Todd McClay says it’s not been an easy year for the sector, but says his government is focused on backing farmers and growers and putting more money in their pockets so they can continue to adapt, evolve and innovate in the future. He says his government has already begun work on reducing the impact of Wellington bureaucrats on farming by cutting red tape and ensuring regulations are fit for purpose.
A blockbuster year and an exciting performance: that's how Ministry for Primary Industries (MPI) Director General, Ray Smith is describing the massive upsurge in the fortunes of the primary sector exports for the year ended June 2025.
NZ primary exports are set to reach almost $60 million in the year ended 30 June 2025.
Farmers are welcoming a $17 million, seven-year collaborative science and research programme to lift pasture persistence and productivity.
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.
The Government says it is sharpening its focus and support for the food and fibre industry in Budget 2025.
The country's second largest milk processor hopes to produce its first commercial butter within two months.
There's no doubt that vehicle manufacturers at Fieldays saw a steady stream of rural folk treading the boards.
Fonterra's co-op model and what it does for New Zealand has lured one of its bright stars back on board.
Farmer lobby Federated Farmers is reporting a growth in membership, for the first time in decades.
New Zealand's Ruminant Biotech says that while it has big goals, the scale of the problem it seeks to solve requires it.
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
