New Zealand farmers welcome opposition’s agriculture policy


The National Party would give farmers more time to adapt to a tax on farm emissions, pushing the deadline out to 2030, National Agricultural spokesman Todd McClay said. — Bloomberg

WELLINGTON: New Zealand’s main opposition National Party has unveiled a more farmer-friendly policy on agricultural greenhouse gas emissions ahead of a general election in October.

The party would give farmers more time to adapt to a tax on farm emissions, pushing the deadline out to 2030, National Agricultural spokesman Todd McClay said in a statement in Wellington.

Current government policy will see farmers start paying a regulated price for their methane, carbon dioxide and nitrous oxide emissions by 2025.

National’s policy position has been welcomed by farmers, who have pushed back at the prospect of extra costs since the government’s plan was outlined late last year

National, a centre-right party, narrowly leads the ruling Labour Party in the latest opinion polls, pointing to a tight election on Oct 14.

“We are pleased the National Party has listened to our perspective and insights on how farmers can best play their role in addressing climate change,” said Kate Acland, chair of Beef + Lamb New Zealand.

“Farmers have sent us a clear message that they are unhappy with the pricing proposal” currently on the table. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

PM: Fitch Ratings' affirmation a recognition of Malaysia's economic progress
Property market remains resilient in 2024
Vanzo climbs 16.7% on ACE Market debut
Gamuda rises in early trade on RM1.8bil Australian contract win
Ringgit slightly up vs greenback in early trade amid cautious sentiment
Bursa Malaysia opens lower; Vanzo rises on ACE-Market debut
MoF: Ringgit strengthens 2.8% against US dollar as of Nov 2024
Trading ideas: Gamuda, Advancecon, Marine & General, Oasis Harvest, KKB Engineering, George Kent, Infomina
Telco introduces zero downtime connectivity solutions for SMEs
Shandong’s green expressway sets example for others

Others Also Read