A thriving food and fibre sector depends on lifting productivity through greater flexibility, and the Government is backing that future, Prime Minister Christopher Luxon and Agriculture Minister Todd McClay say.<\/p>\n
\u201cThe food and fibre sector is the engine room of New Zealand\u2019s economy, delivering more than 80 per cent of our exports,\u201d Mr Luxon says.<\/p>\n
\u201cThat\u2019s why we\u2019re investing $143 million in six commercial projects to show how we can further lift productivity and returns through innovation and greater land use flexibility.\u201d<\/p>\n
The partnerships span dairy, sheep and beef, horticulture, forestry, whenua M\u0101ori and aquaculture, with the Government committing $59 million and the sector contributing $84 million.<\/p>\n
\u201cTogether, these projects matter because they will demonstrate, on real farms and orchards, what is possible when innovation, capital and ambition come together.<\/p>\n
\u201cThis is about building confidence for our farmers and producers, rural lenders and investors. To show proof that innovation can deliver growth,\u201d Mr Luxon says.<\/p>\n
Mr McClay says this Government\u2019s sensible regulatory reform and cutting of red tape and costs, combined with the latest science, technology and farming methods provides the opportunity for strong returns with a smaller environmental impact.<\/p>\n
\u201cThe National-led Government is committed to backing farmers and growers achieve their aspirations. Appropriate rules and regulation coupled with innovation ensures their ideas are not just pipedreams, but viable and profitable pathways.<\/p>\n
\u201cThese six projects will provide the confidence they need to not only meet environmental outcomes, but respond to changing consumer demand, trade opportunities, and increasing competition in international markets.<\/p>\n
\u201cGreater land use flexibility results in prosperity through productivity, and enabling that is part of this Government\u2019s commitment to fixing the basics and building the future.\u201d<\/p>\n
A Lincoln University and ASB Bank report found that adopting a mix of land use and new technology, science and systems could boost the economy by $10 billion over the next five to seven years.<\/p>\n
\u201cGreater land use flexibility results in prosperity through productivity, and enabling that is part of this Government\u2019s commitment to fixing the basics and building the future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A thriving food and fibre sector depends on lifting pro 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