Dairy Farms See Economic Green Shoots

  • Hon Todd McClay

Increased production and higher export prices mean that New Zealand dairy farmers will play a big role in New Zealand's economic recovery Agriculture Minister Todd McClay said in a speech at an Environmental Diary Leaders conference in Wellington today.

"Dairy exports are forecast to grow by around $4.5 billion this year meaning more money in the pockets of Kiwi farmers and more jobs in rural New Zealand," Mr McClay says.

"The strong performance of our dairy farmers is welcome news for the economy as the government continues to lower inflation through careful spending meaning reducing interest rates and by delivering fewer and less costly regulations.

Milk production for the last season was up 4 per cent on the previous year, marking the highest level in a decade. December alone saw the strongest output in four years, meaning consumers around the world can enjoy more of the world's highest quality and safest environmentally friendly grass fed dairy.

"Agriculture remains the backbone of our economy with food and fibre exports bringing in over $10,600 for every Kiwi, with dairy exports alone contributed $4,700 per person. The dairy industry also employs over 54,000 people," Mr McClay says.

"The Government is committed to meeting our environmental and climate change obligations, but we will do this without closing down farms or sending jobs and production overseas.

"The primary sector is fundamental to achieving our ambitious goal of doubling exports by value in ten years and the coalition government is backing farmers to be world best.

"With strong production already in the vat, feed crops coming in, and consumers eager for our products, the sector is well positioned to turbo charge the economy and deliver for every New Zealander," Mr McClay says.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.