Tag Archives: Agriculture

Warning! NZ disposable income down

Link received Mon, 6 Apr 2015 at 1:00 p.m.

█ Message: Wouldn’t read this in local media !!!

### marketoracle.co.uk Apr 05, 2015 – 01:28 PM GMT
Economics / Asian Economies
New Zealand Economy – There’s Trouble Brewing In Middle Earth
By Raul I Meijer
For the second time in three years, I’m fortunate enough to spend some time in New Zealand (or Aotearoa). In 2012, it was all mostly a pretty crazy touring schedule, but this time is a bit quieter. Still get to meet tons of people though, in between the relentless Automatic Earth publishing schedule. And of course people want to ask, once they know what I do, how I think their country is doing.
My answer is I think New Zealand is much better off than most other countries, but not because they’re presently richer (disappointing for many). They’re better off because of the potential here. Which isn’t being used much at all right now. In fact, New Zealand does about everything wrong on a political and macro-economic scale. […] I’ve been going through some numbers today, and lots of articles, and I think I have an idea what’s going on. Thank you to my new best friend Grant here in Northland (is it Kerikeri or Kaikohe?) for providing much of the reading material and the initial spark.
To begin with, official government data. We love those, don’t we, wherever we turn our inquisitive heads. Because no government would ever not be fully open and truthful.

This is from Stuff.co.nz, March 19 2015:
New Zealand GDP grew 3.3% last year

New Zealand’s economy grew 3.3% last year, the fastest since 2007 before the global financial crisis, Statistics NZ said. Most forecasts expect the economy to keep growing this year and next, although slightly more slowly than in the past year. For the three months ended December 31, GDP grew 0.8%, in line with Reserve Bank and other forecasts. That was led by shop sales and accommodation. That sounds great compared to most other nations. But then we find out where the alleged growth has come from (I say alleged because other data cast a serious doubt on the ‘official’ numbers) […] while the economy ostensibly grew by 3.3%, disposable income was down. That’s what you call a warning sign.

….Meijer’s commentary continues in reference to recent New Zealand news stories:

Stuff: Dairy Slump Hits New Zealand Exports To China
Radio NZ: Export Drop Rattles Companies
NZ Herald: World Dairy Prices Slide 10.8% On Supply Concerns
Radio NZ: World ‘Awash With Milk’
NZ Herald: Stress Too Much For Farmers
NZ Herald: Hot Properties: Auckland Valuations Out Of Date Within Months

He ends by citing NZ Herald: New Zealand’s Economic Winds Of Change:

Chaos theory calls it the butterfly effect. It’s the idea that a butterfly flapping its wings in the Amazon could cause a tornado in Texas. The New Zealand economy has plenty of its own butterflies changing the weather for GDP growth, jobs, interest rates, inflation and house prices. [..] One of the flappiest at the moment is the global iron ore price. It’s barely noticed here but it’s an indicator of growing trouble inside our largest trading partner, China, and it is knocking our second-largest partner, Australia, for six. It fell to a 10-year low of almost US$50 a tonne this week and is down from a peak of more than US$170 a tonne in early 2011.
[…] President Xi has reinforced the contrasting effects of the changes in China on Australia and New Zealand by encouraging consumers and investors to spend more of China’s big trade surpluses overseas. Tourism from China was up 40% in the first two months of this year from a year ago, and there remains plenty of demand from investors in China for New Zealand assets.
The dark side of this tornado in New Zealand after the flapping of the butterfly’s wings in China was felt in Nelson this week. The region’s biggest logging trucking firm, Waimea Contract Carriers, was put into voluntary administration owing $14m, partly because of a slump in log exports to China in the past six months.
That’s because New Zealand’s logs are now mostly shipped to China to be timber boxing for the concrete being poured in its new “ghost” cities. The Chinese iron ore butterfly has flapped and now we’re seeing Gold Coast winter breaks become cheaper and logging contracts rarer.

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Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

Posted by Elizabeth Kerr

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Mayor Cull ‘handshakes’ Hodgson

Handshake 2

Taxpayers’ Union executive director Jordan Williams questioned whether the Auditor General should be involved. “No wonder this council has a history of financial troubles, they’re running it like a cake stall.”

### Sunday Star-Times Sun, 23 Feb 2014
Mayor Cull defends deal (page A9)
By Hamish Rutherford
Dunedin mayor Dave Cull is defending a “gentleman’s” agreement which saw a former MP paid $3400 for lobbying following a handshake deal. Documents released under the Official Information Act reveal that former Dunedin North MP Pete Hodgson was paid by the council to lobby the Government not to strip core functions of Ag Research Limited from Invermay, near Dunedin.
The council said the main point of contact for the deal with Hodgson was Cull, but could not locate a single email, contract or any other document relating to the agreement. […] “Mr Hodgson did not provide any reports relating to his services,” governance support officer Grace Ockwell said.
See article for more.

SST 23.2.14 Mayor Cull defends deal (page A9)[click to enlarge]

█ The Taxpayers’ Union broke the story, read their media release (24.2.14), and later they blogged it.

Related Post and Comments (today):
12.9.13 Dunedin community v government-led centralisation

Posted by Elizabeth Kerr

*Images: pocketbook.co.uk – handshake; en.wikipedia.org – Dave Cull, Pete Hodgson (re-imaged by whatifdunedin)

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Dunedin community v government-led centralisation

farm animals [fanpop.com]Local farm animals marooned on a specially constructed grassy knoll for want of truth, no bungy cord was available today as an alternative solution.

### ODT Online Thu, 12 Sep 2013
Grilling likely for Key
By Dene Mackenzie
Prime Minister John Key can expect to face tough questions about the southern economy and the planned job cuts at Invermay when he visits Dunedin today. Mr Key is in the city to present awards at the Otago Daily Times Class Act function. Before Class Act, Mr Key will address an Otago Chamber of Commerce-organised function at which Dunedin Mayor Dave Cull expects to be seated next to the prime minister. Asked whether he would raise the issue of AgResearch’s restructuring of Invermay, Mr Cull said: ”Too bloody right. It would be remiss of me not to take the opportunity”.
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Posted by Elizabeth Kerr

*Image via fanpop.com

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New Zealand’s plan (bigger than a ball chase)

The alliance, proposed by Prime Minister John Key at the United Nations General Assembly in September, has been heavily promoted by New Zealand as an initiative that brings developed and developing countries together on reducing emissions from live-stock, cropping and rice production.

Copenhagen Summit 2009

### nzheraldco.nz 10:05 AM Thursday Dec 17, 2009
Govt puts $45m into emissions plan
-NZPA With Eloise Gibson
New Zealand will contribute $45 million to the Global Research Alliance on agriculture greenhouse gases following the announcement that at least 19 countries will sign up to the initiative. Associate Climate Change Issues Minister Tim Groser and Agriculture Minister David Carter announced the contribution yesterday in Copenhagen, where ministers from 19 countries joined New Zealand’s plan to bring together public and private researchers from some of the world’s largest economies.
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RNZ News Link Foundation members of the alliance will meet in New Zealand early next year to establish working groups and set priorities.

Post by Elizabeth Kerr

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