TVNZ/Newstalk ZB: Wake up call for agriculture sector

KPMG is warning that New Zealand’s agriculture industry could be outcompeted  within the next five years, as other large producers gear up their intensive farming capabilities.

It is recommending heavy investment in science, technology and infrastructure if New Zealand is to stay competitive.

An excerpt: (read in full here)

“KPMG believes the sector has only five years before large scale intensive farms in other countries undercut New Zealand’s prices.

“Agribusiness chairman Ross Buckley says the times are rapidly changing and there’s a risk New Zealand is going to be left behind.”