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High-end woollen flooring offers opportunity. PAGE 17
The green and gold rush begins. PAGE 20
Insect pest on the verge of eradication. PAGE 19
TO ALL FARMERS, FOR ALL FARMERS MARCH 19, 2019: ISSUE 672
www.ruralnews.co.nz
Keep calm – Brexit
BANKING INQUIRY DAVID ANDERSON
PAM TIPA pamelat@ruralnews.co.nz
BREXIT IS a messy situation and how it will end is not clear, says Rabobank’s global strategist for animal protein Justin Sherrard. He was speaking last week to Rural News just as another Brexit deal vote was defeated again in the UK Parliament. “Right now I think there could possibly be a delay in the process... scheduled to run until the end of this month when the UK would exit the EU.
“I think now the likelihood of a delay has just gone up and the likelihood of getting an organised soft Brexit might have just gone down a little bit.” But from New Zealand’s point of view he sees no downside in our sheepmeat trade with the UK. “The potential downside is food price inflation and whether you see the edge come off UK demand under a hard Brexit situation. If they are able somehow to engineer a delay or a soft Brexit outcome then we won’t see any change.”
Even if there were a hard Brexit then NZ would still be well placed, he says. Its relationships with UK retailers and food service have been well developed and nurtured by meat processors and exporters from NZ. “Also, in sheepmeat it’s not like there are lots of other suppliers. There’s not a lot of exportable sheepmeat around the world, particularly the cuts British consumers want. You will see a little bit of change there but not a lot. “Beef might be different: if there is a hard Brexit outcome you prob-
ably will see increased access to the UK market for South Americans and for Australia. “The UK market will pay more for certain cuts than South East Asia, for example, so it will be an attractive market to export to. “But I don’t think there will be change during 2019 because even though there is turmoil in the market I think people will try to keep all those supply relationships intact. There will be too much to worry about to be starting to think about additional
Doctor’s orders Professor Jane Mills, pro vice-chancellor of the College of Health at Massey University, says staff shortage in rural areas is forcing many people to work extra hours beyond what is reasonable and that their work/life balance is out of sync, resulting in physical or mental health issues. Mills says Government awareness must be raised about the knock-on effects of their decisions on migration and the casual workforce. For example, challenges arise in rural regions when casual workers arrive in towns to harvest particular crops or to work during seasonal peaks on livestock properties. “It can mean that a small rural health service may have to serve a doubled population at particular times of the year. That can be hard because they often don’t have enough capital infrastructure – let alone personnel – to manage the extra flow of people coming in and through their communities.” See full story page 7
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PETITIONERS OF the New Zealand Parliament -- hoping to cash in on the successful outcome of a recent Royal Commission in Australia – are asking politicians to go deeper in their inquiry into bank behaviour in this country. A petition in the name of Lyn Berry asks for a parliamentary select committee to investigate the behaviour of banks in NZ along similar lines to the recently completed Australian Banking Commission. Berry claims that over the years many farmers and others have been treated badly by the banks, which has cost those impacted millions in costs and lost income. A select committee is now assessing the conduct and culture of the NZ banking industry. However, Berry told Rural News the committee’s remit is far too restricted as it is only considering information given to it by the Financial Markets Authority (FMA) and the Reserve Bank. “The committee is aware the material is only partially telling the story,” she says. “Hence the need for a select committee to conduct its own inquiry; this is what my petition requests.” Berry is calling on people to support her petition, now lodged with Parliament, for a select committee to inquire fully into NZ banks. “The people who support the petition are likely to have their TO PAGE 3
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