Minister raises tariffs dispute
Trade Minister Todd McClay has used a meeting of the CPTPP hosted by Canada to take that country to task for defiantly refusing to open up its dairy market to NZ.
The Hound, like most rational people in NZ’s primary and export sectors, was delighted to see the much maligned and denigrated trade agreement of the past few years – the CPTPP, formerly known as the TPP – come into force this month.
Your old mate would like to tip his hat to current trade minister David Parker for finally getting the deal over the line and into action, as well as the former trade ministers in the previous government – Tim Groser and Todd McClay. However, your old mate still finds it hard to believe that the same David Parker who finally signed off the deal was the David Parker (in opposition) who rallied and marched against the very same deal. Thankfully the reality of government and some minor tweaking of the TPP text has led Parker and others now sitting on the Treasury benches on their road to Damascus.
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.