UHY Haines Norton Director Mark Foster provides a summary of current farming issues.
- An informal survey conducted by 3 News at the recent Fieldays in Hamilton found that the majority of farmers questioned want foreign ownership of farms banned, while only 30% don’t want it banned. The majority opinion – which could spell trouble for John Key – was that ownership of New Zealand farms should be retained by New Zealanders. However, some participants acknowledged that the cost of land is making it progressively harder for the next generation to take over farms. The New Zealand Herald estimates the amount of productive land currently in foreign ownership is around 10%.
- From droughts last year to flooding this year, as many as 30 Northland farmers could be facing financial ruin, exasperated by the drop in dairy pay out. Reports indicate that some farmers have had to let staff go and are working up to 100 hours per week in a bid to continue operating within their financial pressure.
2014 ANZ Young Farmer Contest
Congratulations to UHY client David Kidd, who recently won the 2014 ANZ Young Farmer Contest. David is the first Northern Grand Finalist to win the competition in its 46 year history. He manages and is a partner in a beef breeding and finishing farm at Shelley Beach on the South Kaipara Head Peninsula.
Held in Christchurch, the competition is set over three days and showcases all aspects of modern farming. Competitors were tested on such tasks as performing a livestock auction, match ploughing, windrowing, assembling an irrigation system, building and maintaining a miniature farm, engine mechanics, animal health and welding. They also had to present a business plan complete with HR requirements, and compete in quick-fire question rounds.
Thirty years ago David’s father Richard Kidd also competed in the Young Farmer Contest and achieved an impressive third-place.