Week in Review
[13th October2022]
In the past 3 days, over two dozen articles can be found on New Zealand Government’s proposal as a response to the He Waka Eke Noa recommendations for the primary sector to reach national greenhouse gas emission reduction targets. Responses vary from Greenpeace stating the proposed regulation does not go far enough, to Groundswell and Federated Farmers saying the structures are unworkable. A common consensus also accepted by the Government itself in the report, is that sheep, beef and deer farmers are subject to the greatest impact.
Climate Change Minister James Shaw has stated this week that a new conversation is needed on gene editing as technologies have advanced, at the same time as AgResearch applies for field trials in Australia for its genetically modified high metabolisable energy ryegrass.
We also hear local stories of almond growing trials on Hawkes Bay farms, further evidence of the nutritional benefit of pasture-fed red meat, and a partnership between New Zealand Young Farmers and MPI to support mental health and resilience events across the country.
Internationally, Kellogg’s has launched a culinary and sensory focused food innovation centre in Manchester, while Danone is recognised by the World Economic Forum as an ‘Advanced Fourth Industrial Revolution Lighthouse’ for its Poland infant nutrition factory. As food inflation continues to increase, a US survey has shown more consumers are willing to cut their spending on groceries than they are on subscriptions such as Netflix and Amazon Prime.
Week in Review Stories
- Partnership to boost young farmers’ wellbeing
- AgResearch seeks to trial GM grass in Aus
- Why red meat is outstanding in its field
- Shaw calls for new look at gene editing
- 'Nutty' idea of NZ
- Despite inflation worries, Americans are less likely to cancel Amazon Prime, Netflix than cut spending on food
- Farmers, environmentalists weigh in on farm-level pricing plan
- Kellogg’s launches new food innovation centre
- Danone ‘digitally transforms’ baby food factory in Poland, boosts efficiencies and halves GHG emissions
Foresight Focus
For this week’s KPMG New Zealand Field Notes Foresight article, Jack Keeys has written a LinkedIn post from the future in a world where Aotearoa takes a brave approach to biotechnology, research investment, and collaboration.
You haven't heard of the NZ Immuno-apple, our avocados that don't overripen, or our climate-friendly happy animals yet?
Instead of waiting a couple of years, you can fast-forward to Fieldays opening in June 2024 with a sneak peek into a potential future!
Linkedin | The Biotechnology Announcement You Haven't Heard Yet
Spotlight Stories
International Spotlight
More hikes imminent: EU’s deforestation stance set to cause food price rises – policy experts [11 October, Food Navigator]
The EU’s approval of its controversial deforestation regulation, requiring all goods sold inside the EU has “not been produced on deforested or degraded land,” has many anticipating price increases for some commodities. Palm oil, primarily produced in Indonesia, is expected to be heavily impacted by the change, with manufactures expected to bear the cost of compliance.
Tags: International, Policy & Regulation
Aquaculture Spotlight
Growth framework developed for New Zealand's seaweed industry [7 October, RNZ]
Researchers from Cawthron Institute and EnvrioStrat have published the Seaweed Sector framework, a roadmap on how New Zealand can flourish in the estimated NZD$24.3B global seaweed sector. Recommendations from the framework included research and development of seaweed hatcheries and a recently accomplished goal of a “sector voice”’ with the launch of the Aotearoa New Zealand Seaweed Association (ANZSA).
Tags: Aquaculture
Headline Stories
Report raises red flag on global food output [7 October, Farmers Weekly]
Swift action is needed to ensure the globe can feed a growing population, states the 2022 Global Agricultural Productive report, finding agricultural productivity growth below the required 1.73% necessary to feed a 9 billion population by 2050. The report recommends collaboration between public and private sectors are needed to create an environment that promotes productivity growth, as current efforts are inadequate to meet climate and societal pressures.
Tags: Food Security, International
California dries up under growers’ feet [12 October, Farmers Weekly]
Forest fires interfering with crop photosynthesis and water usage restrictions due to increased evapotranspiration rates sees California’s agriculture sector enduring the negative effects of climate change. Responsible for a third of the US’s fresh vegetables and its largest dairy producer, California’s food and agriculture secretary Karen Ross affirms the importance of global collaborative efforts to slow climate change.
Tags: International, Environment & Emissions
To offset methane, two in three paddocks' worth of pine needed, report finds [6 October, Stuff]
To reach methane-neutrality by 2050, two out of three paddocks (5.8M hectares) would need to be converted to pine forestry, according to Parliamentary Commissioner for the Environment Simon Upton’s latest report. Upton’s findings are based on a new method of linking methane and carbon dioxide absorption that considers the comparatively “quick” heating effect of methane emissions compared to carbon dioxide. With 55% of NZ’s warming caused by methane emission, Upton states, “research on technologies to reduce livestock methane emissions… has to be a critical priority”.
Tags: Environment & Emissions
Get in touch
Audit – Auckland Ian Proudfoot 09 367 5882 iproudfoot@kpmg.co.nz |
Management Consulting – Wellington Justine Fitzmaurice 04 816 4845 jfitzmaurice@kpmg.co.nz |
Agri-Food – Auckland Jack Keeys 09 363 3502 jkeeys@kpmg.co.nz |
Private Enterprise – Hamilton Hamish McDonald 07 858 6519 hamishmcdonald@kpmg.co.nz |
Agri-Food – Auckland Andrew Watene 09 367 5969 awatene@kpmg.co.nz |
Farm Enterprise – South Island Brent Love 03 683 1871 blove@kpmg.co.nz |
Agri-Food - South Island |
Field Notes Administrator |