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Fonterra Lifts Milk Price Forecast
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ACT launches Make Farming Fun Again campaign
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Opportunity proposes methane cap-and-trade scheme
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Fonterra Lifts Milk Price Forecast
Fonterra has lifted its farmgate milk price forecast for the new season, to nine dollars fifty a kilogram of milksolids, with a narrower range of eight dollars fifty to ten dollars fifty.
That's still below May's opening forecast of nine dollars seventy-five, but an improvement on the lower figure announced in July.
Chief Executive Richard Allen says the lift reflects recent gains in Global Dairy Trade results, particularly for milk powders, with global demand holding strong. Allen says geopolitical volatility remains a risk, and the forecast could still change with only two months of the season complete.
Meanwhile, Fonterra has confirmed four candidates for this year's board election, including incumbent director Cathy Quinn, with two seats up for grabs. Voting closes on the tenth of November.
ACT launches Make Farming Fun Again campaign
ACT has launched its Make Farming Fun Again campaign, with agriculture spokesperson Andrew Hoggard promising to cut red tape across the farming sector.
Hoggard says successive governments have piled rules onto farmers, from freshwater regulations to winter grazing and emissions pricing.
He points to changes already made under this Government, including scrapping the ute tax, simplifying freshwater farm plans, and keeping agriculture out of the Emissions Trading Scheme.
ACT's six campaign pledges include keeping agricultural emissions out of the ETS, cutting rural crime with extra police patrol hours, and continuing to reduce environmental compliance costs for farmers.
Opportunity proposes methane cap-and-trade scheme
The Opportunity Party has released its climate policy, including a proposal to explore a cap-and-trade or levy scheme for agricultural methane.
The party says design details are still being worked through, with climate spokesperson Kayla Kingdon-Bebb saying it wants to work with farmers and industry before settling on a model. Any scheme would likely include fair allocations for existing methane emitters.
Opportunity leader Qiulae Wong says the party wants to back farmers to cut emissions through technology, rather than forcing a choice between cutting emissions and economic growth.
The policy also includes a five billion dollar climate resilience fund and a one billion dollar transition fund for industrial gas and coal users.
Labour and the current Government have both ruled out a methane tax.
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