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Daily Digest: September 21, 2020

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Property bounce back a positive sign The latest numbers released by the Real Estate Institute of New Zealand makes good reading for those involved in rural property, with farm sales for the three months ending August up 45% on the same time a year before.
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Much of that jump is the result of a bounce back from earlier in the year, when the market came to a halt as the country was locked down.

Once farm gates reopened the market responded, with sales that were on-hold completed on top of the usual business done at that time of year.

It seems investors are attracted by the reliability and returns offered by the rural economy, as opposed to other sectors, and are increasingly willing to back that financially.

Although there are still plenty of challenges ahead farmers should take confidence that theirs is an industry showing resilience in uncertain times.

It seems banks too may be coming to the party, with indications they are starting to loosen the purse strings on lending policy – a positive place for the property market heading into spring.

Colin Williscroft

 

Covid effect boosts property market

The rural real estate market has continued its recent upward swing. This year’s increase represented 121 more sales than for the same period last year, a rise of about 45%.

 

Challenge to keep pastures resilient

Commercial plant breeders are united in efforts to help deliver New Zealand farmers better options when it comes to selecting for more resilient pastures in years to come.

Livestock export suspension ‘crippling’

Livestock exporters fear farmers will lose valuable income while an independent inquiry into shipments is carried out.

SWAG defends itself amid criticism

The Strong Wool Action Group (SWAG) formed to lead the languishing wool sector out of its doldrums is off to a strong and promising start, says group chair Rob Hewett. 

 

OPINION | THE RECOVERING ACADEMIC: Meat v veg reality show insightful

A reality tv show about families having to spend three weeks caring for livestock before deciding whether they’ll eat or adopt vegetarianism highlights consumer preferences, writes Nicola Dennis.

 

Tonight on Sarah's Country

7.10pm – 2020 Ballance Farm Environment Awards’ Massey University Innovation Award winner Angela Scott discusses her efficient 800-calf operation.

7.20pm – A fertiliser levy, tighter nitrogen limits and a ban on palm kernel may have farmers scrambling for feed alternatives, should the Greens’ agricultural policy come into play post-election. Green Party co-leader James Shaw joins us to explain how they will transition farmers with $300 million.

7.30pm – Fonterra made a welcome return to profitability in the 2020 financial year, despite the global disruption of covid-19. GlobalHQ journalist Hugh Stringleman provides an overview of Fonterra’s capital structure, director elections and the forecast for the 2020-21 season.  

7.40pm – An innovative new player in rural electricity supply has commissioned its first investor-owned solar system on a North Canterbury dairy farm. Solagri Energy Ltd co-founder Peter Saunders shares their business journey. 

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