web analytics

Key: good that foreign buyers increase land prices

Written By: - Date published: 2:00 pm, October 19th, 2010 - 37 comments
Categories: farming, overseas investment - Tags:

John Key says that if we don’t let overseas buyers snap up our farmland then land prices will decrease and some over-leveraged farmers will go underwater. And that’s supposedly a bad thing. Key wants us to believe that foreigners putting our farmland out of the reach of Kiwis and making us borrow more from the Aussie banks is a good thing.

On the weekend Phil Goff announced the next Labour government will block sales of farmland to overseas interests unless there is a significant real investment leading to more jobs and exports.

Key’s probably right about the basic economics of that. Remove (or partially remove) a group of buyers from the market and the average price of farms will probably fall.

But is that a bad thing? Farm prices are currently so high that many of them can’t be farmed profitably. Farmers have to take out huge mortgages and pay huge interest bills to the Aussie banks and pray for capital gain in their property to make a profit.

For farmers that are farming for capital gain or have paid too much for their land, then a price decrease may put them underwater (their mortgage being worth more than the sale price of the land). Someone else will buy the land and that person will be a New Zealander.

The land stays in Kiwi hands, it is priced more realistically, farmers are discouraged from farming for capital gain (which, like being a landlord for capital gain, is obviously an unsustainable business model), and because future mortgages are smaller the amount of interest we’re paying to the Aussie banks is lower.

If a Labour government that had blocked overseas purchases of farmland wanted to ease the impact on farm prices it could get DoC to buy more marginal land or encourage the Cullen Fund to invest in New Zealand farms (something it is doing anyway).

So, Key’s objection to Labour’s plan doesn’t really make any sense, especially since he supposedly wants to prevent our farmland falling into foreign hands too. It’s just desperate political posturing from a do nothing PM who talks about the danger of foreign ownership but doesn’t want to do any about it.

37 comments on “Key: good that foreign buyers increase land prices ”

  1. Bunji 1

    And young New Zealanders can become farmers, rather than Federated Farmers become a local shill spokesperson for a few overseas corporations who are left owning our land. This is good for New Zealand farmers, not bad.

  2. Colonial Viper 2

    Well Key is clear on the fact he stands for big over leveraged land owners, then.

    Labour’s policies are going to hurt many of them, but its a necessary rebalancing of the economy.

    We cannot continue to have financial capital poured into farm land which can only generate mediocre returns on that investment. Returns which are so low, operations which are so capital intensive to maintain, that for many farmers the only way out is for foreigners to swoop on in and offer them miracle pricing to sell out to them.

    This country needs to take financial capital out of houses and out of farmland and place it high value productive businesses. Ones which can generate more units of export, each unit being worth more and more. Being a mass commodity exporter is a road to slow ruin.

    But pulling capital out of land and houses is going to hurt property prices full stop. Prices may need to come down by 20-25% over a period of years. That is expected, and that is what needs to happen.

    • insider 2.1


      Actually most farmers don’t have excess debt. The Reserve Bank monitors this and says the dairy sector now accounting for almost two-thirds of total agricultural lending outstanding, but the distribution of that debt was heavily skewed, with many farms holding relatively small amounts of debt, while a smaller proportion were very heavily indebted.

      AS a matter of interest, what are these high value businesses? If they were obvious don’t you think people would be investing voluntarily without being forced to by government?

      • Draco T Bastard 2.1.1

        If they were obvious don’t you think people would be investing voluntarily without being forced to by government?

        It’s never happened before so what makes you think it’s going happen now? Throughout history and all around the world the only way that a society has developed is when the people, via the government, pay for it.

        As I’ve said before, you can learn more about economics reading a history book than you can reading an economics textbook.

        • insider

          cars? Aeroplanes? lightbulbs? Electric power? steam engines?

          All transformational technologies. Were any of these invented by Government?

          • Maynard J

            Interstingly enough, most of the development of these was government funded through warfare efforts.

            The original idea did not come from the government though (damn you, work harder, Ministry of Inventions!)

          • Draco T Bastard

            And would any of those have developed without government funding? It’s the funding that pushes the development of those inventions and it’s almost always been government that’s done the funding (or, at least, subsidising).

      • Colonial Viper 2.1.2

        AS a matter of interest, what are these high value businesses? If they were obvious don’t you think people would be investing voluntarily without being forced to by government?

        NZ has very limited expertise in a bunch of them which is a constraint, e.g. semiconductor manufacturing, and in others where we do have the capabilities e.g. building trains, the NACT Govt shows no faith in Kiwis.

        • insider

          I;d have thought that rather than going into something like SCs where we have no experience we’d look at areas that we have some cluster of expertise in already that could provide a springboard for the industry, like food, genetics/husbandry, wood, food factory engineering.

          As for trains, well we would never have the domestiv demand and unlikely to have global scale, so that’s a Labour pipedream IMO.

          • Draco T Bastard

            I’m sure Rakon would like a word with you about there experience in SCs.

            As for trains, well we would never have the domestiv demand and unlikely to have global scale, so that’s a Labour pipedream IMO.

            We don’t need major demand or global scale. In fact, with oncoming Peak Oil, doing so would be fairly useless. All we need is to be able to produce trains here and maintain them. Even then, the BERL report suggested that we would be able to pick up some of the global demand.

  3. toad 3

    Another consequence of farmers having to take out huge mortgages and pay huge interest bills to the Aussie banks is that they have to attempt to maximise their returns from the farms.

    That inevitably results in more shit in our rivers and streams, more nitrogenous fertiliser on the land (with consequent climate change implications), and poor animal welfare practices.

    It certainly wouldn’t be a bad thing if some of the over-leveraged farmers were forced to sell up at a loss. As the Crafars have shown, they are only bad for the environment and the international image of farming in New Zealand, and that in turn is bad for retaining our export markets.

    • insider 3.1

      They could get a loan with Kiwibank which is apparantly a swimming success or the PSIS or Marac, Allied Farmers etc.

  4. Carol 4

    Ha! David Parker in question time, is posing some incisive questions about Nat’s policy on overseas investment. He’s picked up that Key pronounced yesterday on Breakfast, that National had added 19 new critieria. It turns out 17 of these criteria already existed from Labour’s legislation. National did an 18 month review, aimed at simplifying the law, and merely added two criteria (ie 2 of the 19 claimed by Key).

  5. ianmac 5

    “Farm prices are too high and farmers risk going bust.” This has happened before but I am not sure when or how it was remedied. Might have been during the Muldoon years when interest rates were at 15% +.
    Does it justify selling to the highest bidder in order to save the overstretched farmer?
    If any businessman or wage earner for that matter, who over reaches do they deserve deserve the consequences. Crafar received no mercy for doing what many dairy farmers have apparently done.

  6. William 6

    A similar escalation in land prices occured due to the Muldoon Govt policy of Supplementary Minimum Prices. When SMPs were abolished some farmers were forced to sell because their reduced income could not support the mortgage payments.
    Surely though, this time a reduction in land value won’t necesarily mean selling up. Is there any reason the removal of overseas buyers from the market will lead to reduced incomes? The price received for farmers produce will remain the same, it’ll just take longer for those current farmers who become over geared to pay off the mortgage, although I conceed corporate farmers might not be happy with that.

  7. tsmithfield 7

    What the effect of this policy would be to discourage foreign investment generally. Investors will ask themselves why invest in NZ if governments are likely to make mad decisions that suddenly devalue the assets they have invested in. Thus NZ will be the poorer for this brain spasm:- if Labour ever gets elected and is actually moronic enough to carry it out.

    BTW, I see Gareth Morgan is over the moon-NOT- about Labour’s latest crazy scheme.

    • KJT 7.1

      Yeah. And current foreign investment has done us sooo much good, apart from pushing up asset prices.

    • Colonial Viper 7.2

      The only fear you need have is the fear of being incapable of living within your means – hardly the fault of the foreigner.

      This is where Morgan goes awry. He blames the consumer instead of the banking interests who have been determined to play with the NZD, keep the dollar high, keep our interest rates high, and lend debt to virtually any NZ’er.

      Simply put, squash the value of the currency, lower local interest rates, make it harder for banks to borrow from overseas and hence create consumer debt here, make it tough for people to be approved loans.

      That will sort out the living within your means meme.

      Get real. Foreign investment is how countries develop.

      interesting that Morgan used such a blunt concept here. Carefully accepted foreign investment which closely matches the needs of a nation is how countries develop. eg. China. You can’t go into China and simply buy a forest. You have to agree to build a mill to add value to the forest products and create jobs, agree to take on a Chinese company partner (probably part owned by the Chinese Govt itself), agree to transfer technology and methods to that partner.

      And guess what Mr Morgan, the Labour policy that Goff announced recognises the importance of carefully matched and productive foreign investment. Selling our hard assets wholesale to the highest bidder – not so much.

    • Draco T Bastard 7.3

      Investors will ask themselves why invest in NZ…

      Just as we asked why we were letting them buy out NZ for no benefit. Such changes are part of the risk of doing business if they didn’t factor that in then that’s their loss.

      Gareth Morgan’s idiotic piece has already been ripped to shreds. He managed to contradict himself in it a few times.

  8. DJames 8

    I was hearing on Radio New Zealand yesterday a comment made by a older farmer. The farmer said as land prices have gotten higher it’s become more out of reach for younger farmers. The average age of a farmer has gone up and is in the 50s. If the agricultural industry is going to survive it will need new blood. But it’s not very attractive when younger people are saddled with a huge loan for a small piece of land to start their career on.

  9. if we don’t let overseas buyers snap up our farmland then land prices will decrease and some over-leveraged farmers will go underwater

    National believe in the invisible hand of the market… right up to the point when it’s holding their supporters’ heads underwater.

  10. Herodotus 10

    “On the weekend Phil Goff announced the next Labour government will block sales of farmland to overseas interests unless there is a significant real investment leading to more jobs and exports.” Phil just making hay on the “in” topic. Why limit to just farmland-how about property development, tourism, forestry, aged care. Whilst great in rhetoric Phil and his team do not appear to have the skills in matching up this policy with how still to obtain future financing. I have heard nothing regarding leasing the land, thus ability for financing our future and still maintaining ownership- as long as lease is not one of those 100 yr thingys with pepper corn rentals.

    • Yes, comedy raised the point yesterday and I know other commenters have in the past.

      Why is this debate purely about an all-or-nothing, open market vs sales restrictions approach?

      Why not have a discussion round leasehold? Ostensibly it holds the possibility of satisfying both sides of the argument, at least to some degree.

      But I guess it’s too hard to sell as a sound bite 🙁

    • Colonial Viper 10.2

      Cunliffe said on interest.co.nz that other classes of assets have been/were going to be examined re foreign ownership. Goff’s announcement over the weekend was not exhaustive of all asset classes which might be affected.

  11. tsmithfield 11

    What everyone is ignoring is the majority of property in NZ is indirectly owned by foreign interests anyway. Think about it. Where do banks get their funding for mortgages?

    • KJT 11.1

      Yeah. Well not exactly happy about that either. We should retake our financial system.

      • Colonial Viper 11.1.1

        Start with the Government exercising its sovereign right to issue debt free, interest free currency, instead of using the private banks to create interest bearing, debt supported bank money.

    • Colonial Viper 11.2

      Indirectly owned and directly owned are two different issues. As are the asset classes, passive residential or productive farming.

      But yes, you are correct to raise the point. Everyday working kiwis who have a mortage end up donating some of their days’ labouring hours to help increase the living standard of Australian shareholders

    • Pascal's bookie 11.3


      • tsmithfield 11.3.1

        Why so? Not only does the finance come from overseas, but most of the banks are owned from overseas as well. So the reality is that most property in NZ that is mortgaged is owned by overseas interests now. If you want to clamp down on that then there will be a lot of very poor people in NZ.

        • KJT

          Why. If it is refinanced within NZ by credit from a nationalised bank.
          Getting poorer by the day now paying bank charges and interest to overseas.

        • Pascal's bookie

          It’s a stretch because loaning someone money, even with a property as collateral, is not the same thing as buying that property.

          So it’s not “indirectly owned” by the bank’s shareholders.

  12. Adrian 12

    And if you only “own” 10% of an overpriced asset that can’t produce enough to pay the 90% debt, you are already poor!

  13. jps 13

    I’m late to comment, but…

    JK’s proposition that farmers will be forced off their land is not correct. Provided they are profitable there is no reason they should/will not stay on the land. The argument is here:


Links to post

Recent Comments

Recent Posts

  • Prime Minister mourns passing of Dr Sir Ian Hassall
    Prime Minister Jacinda Ardern is mourning the passing of Dr Sir Ian Hassall, New Zealand’s first Children’s Commissioner and lifelong champion for children and children’s health. As a paediatrician Sir Ian contributed to a major world-first cot death study that has been directly credited with reducing cot deaths in New ...
    BeehiveBy beehive.govt.nz
    23 mins ago
  • APEC structural reform meeting a success
    APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19. Minister of Commerce and Consumer Affairs David Clark, chaired the virtual APEC Structural Reform Ministerial Meeting today which revolved around the overarching theme of promoting balanced, inclusive, sustainable, innovative and secure growth ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Digital hub to boost investment in forestry
    A new website has been launched at Fieldays to support the forestry sector find the information it needs to plant, grow and manage trees, and to encourage investment across the wider industry. Forestry Minister Stuart Nash says the new Canopy website is tailored for farmers, iwi and other forestry interests, ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Government continues support for rangatahi to get into employment, education and training
    Over 230 rangatahi are set to benefit from further funding through four new He Poutama Rangatahi programmes, Minister for Social Development and Employment Carmel Sepuloni announced today. “We’re continuing to secure our economic recovery from COVID by investing in opportunities for rangatahi to get into meaningful employment, education or training ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • NCEA subjects up for consultation
    The education sector, students, their parents, whānau and communities are invited to share their thoughts on a list of proposed NCEA subjects released today, Education Minister Chris Hipkins says. This is a significant part of the Government’s NCEA Change Programme that commenced in 2020 and will be largely implemented by ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Major investment in plantain forage programme aims to improve freshwater quality
    The Government is backing a major programme investigating plantain’s potential to help farmers protect waterways and improve freshwater quality, Acting Agriculture Minister Meka Whaitiri announced at Fieldays today. The Sustainable Food and Fibre Futures (SFFF) fund is contributing $8.98 million to the $22.23 million seven-year programme, which aims to deliver ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • America’s Cup decision
    The Minister responsible for the America’s Cup has confirmed the joint Crown-Auckland Council offer to host the next regatta has been declined by the Board of Team New Zealand. “The exclusive period of negotiation between the Crown, Auckland Council, and Team New Zealand ends tomorrow, 17 June,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Food and fibres sector making significant strides towards New Zealand’s economic recovery
    The Government is backing the food and fibres sector to lead New Zealand's economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Cost of Government Southern Response proactive package released
    The Government has announced the proactive package for some Southern Response policyholders could cost $313 million if all those eligible apply. In December, the Minister Responsible for the Earthquake Commission, David Clark announced a proactive package for SRES claimants who settled their claims before October 2014. It trailed the judgment ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New support to reduce emissions from public building and construction projects
    Government agencies are getting new support to reduce carbon emissions generated by construction of new buildings, with the release of practical guidance to shape decisions on public projects. The Ministers for Building and Construction and for Economic Development say a new Procurement Guide will help government agencies, private sector suppliers, ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • He Whenua Taurikura: New Zealand’s first Hui on Countering Terrorism and Violent Extremism
    The Prime Minister has opened New Zealand’s first hui on Countering Terrorism and Violent Extremism, which is being held in Christchurch over the next two days. The hui delivers on one of the recommendations from the report of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech to inaugural Countering Terrorism Hui
    E aku nui, e aku rahi, Te whaka-kanohi mai o rātou mā, Ru-ruku-tia i runga i te ngākau whakapono, Ru-ruku-tia i runga i te ngākau aroha, Waitaha, Ngāti Mamoe, Ngai Tahu, nāu rā te reo pohiri. Tena tātou katoa. Ki te kotahi te kakaho ka whati, ki te kapuia, e ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Campaign shines a light on elder abuse
    A new campaign is shining a spotlight on elder abuse, and urging people to protect older New Zealanders. Launched on World Elder Abuse Awareness Day, the Office for Seniors’ campaign encourages friends, whānau and neighbours to look for the signs of abuse, which is often hidden in plain sight. “Research suggests ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Farewelling sports administrator and philanthropist Sir Eion Edgar
    Sport and Recreation Minister Grant Robertson today expressed his sorrow at the passing of Sir Eion Edgar – a leading sports administrator and celebrated philanthropist who has made a significant impact both within and beyond the sport sector. “Sir Eion’s energy, drive and generosity has been truly immense. He leaves ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to apologise for Dawn Raids
    The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s. Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families. The raids to find, convict and deport overstayers ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Humanitarian support for Bangladesh and Myanmar
    Foreign Affairs Minister Nanaia Mahuta today announced that New Zealand is providing NZ $8.25 million in humanitarian assistance to support refugees and their host populations in Bangladesh and to support humanitarian need of internally displaced and conflict affected people in Myanmar.  “Nearly four years after 900,000 Rohingya crossed the border ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Poroporoaki: Dame Georgina Kamiria Kirby
    E Te Kōkō Tangiwai, Te Tuhi Mareikura, Te Kākākura Pokai kua riro i a matou. He toka tū moana ākinga ā tai, ākinga ā hau, ākinga ā ngaru tūātea.  Haere atu rā ki te mūrau a te tini, ki te wenerau a te mano.  E tae koe ki ngā rire ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Feedback sought on future of housing and urban development
    New Zealanders are encouraged to have their say on a long-term vision for housing and urban development to guide future work, the Housing Minister Megan Woods has announced. Consultation starts today on a Government Policy Statement on Housing and Urban Development (GPS-HUD), which will support the long-term direction of Aotearoa ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Clean car package to drive down emissions
    New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle chargers now available every 75km along most state highways to give Kiwis confidence. Low Emission Transport Fund will have nearly four times the funding by 2023 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Progress towards simpler process for changing sex on birth certificates
    The Government is taking the next step to support transgender, non-binary and intersex New Zealanders, by progressing the Births, Deaths, Marriages and Relationships Registration Bill, Minister of Internal Affairs, Jan Tinetti announced today. “This Government understands that self-identification is a significant issue for transgender, non-binary and intersex New Zealanders, and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Crown speeds up engagement with takutai moana applicants
    The Crown is taking a new approach to takutai moana applications to give all applicants an opportunity to engage with the Crown and better support the Māori-Crown relationship, Treaty of Waitangi Negotiations Minister Andrew Little says. Following discussions with applicant groups, the Crown has reviewed the existing takutai moana application ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Alcohol and Other Drug Treatment (AODT) Court opens
    The Minister of Justice, Kris Faafoi, and the Minister for Courts, Aupito William Sio, have welcomed the opening of a new Alcohol and Other Drug Treatment (AODT) Court in Hamilton. The AODT Court (Te Whare Whakapiki Wairua) addresses situations where substance abuse and offending are intertwined. “New Zealanders have told ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • EU and UK FTAs top of list for first ministerial trip since COVID-19
    Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19. The visit will add political weight to ongoing negotiations with both the EU ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Arihia Bennett to chair Royal Commission Ministerial Advisory Group
    Te Rūnanga o Ngāi Tahu chief executive Arihia Bennett MNZM has been appointed chair of the newly appointed Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “Twenty-eight people from diverse backgrounds across Aotearoa have been selected for the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to the New Zealand Medical Association General Practitioners' Conference, Rotorua
    Ki ngā pou maha o te whare hauora o Aotearoa, kei te mihiTo the pillars of our health system I acknowledge/thank you Ki te ope hapai hauora o roto o tēnei rūma, kei te mihi To our health force here in the room today, I acknowledge/thank you He taura tangata, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Karangahape Road upgrades are streets ahead
    The upgrades to Karangahape Road makes the iconic street more pedestrian and cycle-friendly, attractive and environmentally sustainable, Transport Minister Michael Wood and Auckland Mayor Phil Goff said at the formal celebration of the completion of the Karangahape Road Enhancements project. The project included widening footpaths supporting a better outdoor dining ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to APEC business event
    E ngā tumu herenga waka, ākina ā ngaru, ākina ā tai ka whakatere ngā waka ki te whakapapa pounamu, otirā, ki Tamaki o ngā waka Tena koutou katoa… To the great leaders assembled, who guided your waka through turbulent times, challenging waters and you continue to navigate your respective waka ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pause on Quarantine Free Travel with Victoria extended
    Following an assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria will continue for a further seven days, COVID-19 Response Minister Chris Hipkins says. There are now 93 cases associated with the outbreak in greater Melbourne, spread over four clusters. Contact tracing efforts ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supplier Diversity Aotearoa Summit: Navigate 2021
    *** Check with delivery *** A mihi to all who have contributed to making today a success – starting with you! As you have explored and navigated government procurement today you will hopefully have reflected on the journey of our people so far – and how you can make a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pukemiro School to close
    Pukemiro Primary School near Huntly will close following years of declining roll numbers, Education Minister Chris Hipkins announced today. “I’ve consulted with the School Commissioner, and this decision acknowledges the fact that the few remaining students from last term are now settled at other nearby schools. “I want to thank ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt acts to protect NZers from harmful content
    New Zealanders will be better protected from harmful or illegal content as a result of work to design a modern, flexible and coherent regulatory framework, Minister of Internal Affairs Jan Tinetti announced today. New Zealand currently has a content regulatory system that is comprised of six different arrangements covering some ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Consultation on exemption of new builds from proposed tax rules
    The Government has today confirmed new builds will be exempt from planned changes to the tax treatment of residential investment property.  Public consultation is now open on details of the proposals, which stop interest deductions being claimed for residential investment properties other than new builds.   “The Government’s goal is to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech for Predator Free 2050 Conference
    Introduction E ngā mana E ngā reo E ngā iwi Tēnā koutou katoa   Ka huri ki ngā mana whenua o te rohe nei. Tēnā koutou He mihi hoki ki a tatou kua tau mai nei i raro i te kaupapa o te rā Ko Ayesha Verrall toku ingoa No ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New stock exchange to help grow small businesses
    A new share trading market, designed as a gateway to the NZX for small-to-medium-sized enterprises (SMEs), has been granted a licence by the Government. Commerce and Consumer Affairs Minister, David Clark said Catalist Markets Ltd will provide a simpler and more affordable ‘stepping stone’ for SMEs to raise capital. “This ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Visa extensions provide certainty to employers and 10,000 visa holders
    Changes to onshore visas will provide employers and visa holders with more certainty, Immigration Minister Kris Faafoi has announced. Around 10,000 Working Holiday visas and Supplementary Seasonal Employment (SSE) work visas due to expire between 21 June 2021 and 31 December 2021 will be extended for another six months to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Border class exceptions approved for more farm workers and vets
    The Government has approved border class exceptions for an additional 200 dairy workers and 50 veterinarians to enter New Zealand, Agriculture Minister Damien O’Connor announced today.  “It is clear from conversations with the dairy and veterinarian sectors that they are facing workforce pressures. These border exceptions will go a long ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More freezers and South Island hub to support vaccine roll-out
    A South Island hub and 17 new ultra-low temperature freezers will help further prepare New Zealand for the ramp up of the vaccination programme in the second half of this year, COVID-19 Response Minister Chris Hipkins says. The new freezers arrived in New Zealand on 27 May. They’re currently being ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech at the release of Climate Change Commission's final advice
    Good morning – and thank you Prime Minister. Over the last three and half years we have been putting in place the foundations for a low-carbon Aotearoa that will be a catalyst for job creation, innovation, and prosperity for decades to come. In that future, many of our everyday tasks ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Achievable blueprint for addressing climate change released
    Report says Government making good progress on emissions reduction, but more action required Meeting climate targets achievable and affordable with existing technology Economic cost of delaying action higher than taking action now Benefits from climate action include health improvements and lower energy bills All Ministers to help meet climate targets ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to release of Climate Commission final report
    A few years ago in a speech in Auckland, I compared climate change to the nuclear free movement of roughly four decades ago. And I did so for a few reasons. Firstly, because the movement of the 1980s represented a life or death situation for the Pacific, and so does ...
    BeehiveBy beehive.govt.nz
    1 week ago