Sugar hit
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer shareholders as a 'short sighted sugar hit'.
The internet is awash with farmers furious at Winston Peters’ decision to back a New Zealand First/Labour coalition.
This morning, Federated Farmers congratulated Jacinda Ardern and coalition partners, and announced they are ready to engage and work with the new coalition government. President Katie Milne said it’s time to cast aside the division that fuelled the election campaign and remember that the country’s future prosperity and economic health depended on sharing a common ground. She encouraged farmers to look ahead with a positive outlook.
Whilst many farmers echoed Feds' move to work together, including Dairy Women’s Network Trustee and DairyNZ Chair Tracy Brown, who tweeted “Farmers are New Zealanders too & we all want good outcomes!”, many farmers see what’s ahead as anything but positive.
Ian Healey wrote on Rural News’ Facebook “We are #@#@## now two Muppets together.” Mark Wilson added “Either way he went we were all going to be losers ! But this is going to be a train wreak”. Shirene Mosaed Heffer said “We are in for a rough ride.”
Amongst the majority negative reactions, many famers brought up the issue of MMP no longer being a suitable system for New Zealand’s democracy. “What a crap system that let this happen the way it did. The party with highest % should lead any coalition discussion!” wrote Christine Frost on Dairy News’ Facebook. Chanelle (@Chandy229) tweeted “I want a referendum on MMP ASAP”.
Rural News Group will be monitoring the new coalition government closely over the coming months and how it will affect farmers. Let us know what you think. Tweet us @Rural_News or @Dairy_News, or contact us here.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

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