ETS costs cut 66% for forest owners – McClay
Additional reductions to costs for forest owners in the Emissions Trading Scheme Registry (ETS) have been announced by the Government.
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.
Two orange rain warnings have been issued for the three regions, signalling possible surface flooding and slips.
Upwards of 100mm of rain is expected in the Bay of Plenty and a third significant rainfall event in six weeks is anticipated for the Top of the South.
McClay says the compounding effect of these weather events on rural communities is considerable, adding that the Government is providing the necessary support.
"MPI staff are ready and available to assist, with additional staff deployed in the Top of the South and regional staff closely monitoring the Bay of Plenty," McClay says.
"We have 15 MPI staff on the ground in the Nelson/Tasman area and people available across the Bay," he adds.
Farmers are advised to move stock to higher ground ahead of the storm.
“We understand the pressure and uncertainty rural communities are facing right now, and we remain focused on ensuring they have the resources to manage this event and any challenges ahead," McClay concludes.
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Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
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