FURTHER UPDATE ON TARGETS AND FARMERS


Yesterday I posted “Nicolson of Federated Farmers on Climate Change, Government Targets and Taxes: a call for reason and┬áresearch.”
In which emission targets and taxes were considered in light of their ability to halt climate change.

Today I stumbled upon two media articles that support the idea that targets and taxes may actually be threatening especially diary farmers in an economic sense.

“South Island dairy farms are much more efficient than their North Island counterparts, according to a study which warns climate change legislation costs could stymie northern efforts to catch up.”

Read the full story here>>>

Targets and taxes however may well be exactly what ends up causing the final straws to break for a number of diary farmers. Farmers may be up for the perfect storm.

“Debt-laden dairy farmers could go to the wall next year, with those in Canterbury and Southland particularly vulnerable, financial experts say.PricewaterhouseCoopers partner Roger Wilson, of Hamilton, said falling land values, reduced dairy payouts, and increased costs had caused financial pain on many farms.

“Farm asset values have dropped by 30 to 40 per cent and there are a lot of stressed farmers running significant cash deficits this year,” he said.”

Read the full story here >>>


NOT EXACTLY THE TIME WHEN YOU WANT YOUR GOVERNMENT TO INTRODUCE TARGETS AND TAXES IS IT?

Posted via email from John Dierckx