Editorial: Sensible move
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
The peak agricultural bodies of New Zealand and Australia have united in calling for a truly comprehensive and generally liberalising Trans Pacific Partnership (TPP) agreement from day one of implementation.
Federated Farmers of New Zealand and the National Farmers' Federation of Australia are both participating in the TPP negotiations, currently taking place in Auckland.
"Liberalisation must result in the elimination of all agricultural and food product tariffs and reform non-tariff measures," says Bruce Wills, president of Federated Farmers of New Zealand.
"If we want to get trade going, especially by small and medium sized agri-business enterprises, then we need all the blocks to free trade removed.
"This outcome must match the political ambition for the TPP.
"Australia and New Zealand want an agreement that is truly 21st century in coverage and design, setting the benchmark for future multilateral, regional and bilateral trade agreements," Wills says
Jock Laurie, president of the Australian National Farmers' Federation, added that from an agricultural perspective, "market access is the core deliverable; agriculture needs to be at the heart of negotiations and the result is a net and sustainable creation of jobs."
Both national farmers' organisations also support conclusion of the negotiations in 2013.
"From our perspective, genuine agricultural trade liberalisation in the TPP context is highly important to the agricultural sector's future prosperity and competitiveness," Laurie says.
"A free trade outcome is needed to drive resource efficiency needed to meet the growth of global demand for food and fibre off the back of an increasing world population.
"Improving diets driven by increasing consumer affluence means availability and affordability both become essential criteria in meeting food security needs," Laurie says.
The New Zealand and Australian agricultural community welcomes additional members into the TPP, provided there is a genuine commitment to open their respective markets and removing behind the border impediments to trade in agricultural and food products.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.