New Zealand Moves From `Volume To Value’ In Their Food & Nutrition Sector
Tuesday, August 28th, 2018 | 358 Views
Damien O’Connor, New Zealand’s agricultural minister said that nation is launching a $40 million initiative to move the agricultural sector from `volume to value’. Currently, New Zealand’s food and fibre industry delivers $42 billion in export revenue and are the backbone of the country’s economy.
The initiative is a move to provide more sustainable resources for the use of the future generations. This has led to the creation of the Sustainable Food & Fibre Futures, SFF Futures by the Coalition Government in New Zealand.
O’Connor notes, “We are moving from volume to value. New Zealand’s commodity growth drive has come at the expense of the vital natural resources we need for our primary sector—our soil, water and social license to operate.
“With a budget of $40 million a year, SFF Futures provides a single gateway for farmers and growers to apply for investment in a greater range of projects that deliver economic, environmental and social benefits that flow through to all Kiwis.”
It is the aim of the New Zealand government that the funding can focus on specific outcomes such as climate change or the environment.
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