In its submission on Variation One of Canterbury’s Land and Water Regional Plan, DairyNZ pointed out that because EBIT does not include interest, drawings or a management wage and depreciation, it’s not a good indicator of a business’s ability to pay in terms of costs to the business to reduce nitrate levels.
Its submission also calls for:
- Changes to the way the nitrogen baseline and rolling four-year average are calculated so they do not include common years.
- Continued monitoring of how many farms sit below the 15kg N/ha/year limit rather than assuming those currently below move to it. This aims to give a more accurate picture of total catchment load.
- The requirement for calculations to be reworked as Overseer is updated.
