Monday, 27th February, 2017
New report shows importance of dairy industry
A new report confirms the dairy industry makes a major contribution to New Zealand’s economy
According to the report dairy contributes $7.8 billion to New Zealand’s GDP and is our largest goods exporter. The report ‘Dairy trade’s economic contribution to New Zealand’ was commissioned from NZIER by the Dairy Companies Association of New Zealand (DCANZ) .
While the dairy sector has had a tough few seasons, in the year to March 2016 they still earned over $13 billion in exports for New Zealand. According to the report the dairy sector employs over 40,000 workers and employment in this sector has grown more than twice as fast as total employment, at an average of 3.7% per year since 2000.
“The dairy industry is especially important in regional areas. It accounts for 14.8% of Southland’s economy, 11.5% of the West Coast economy, and 10.9% of the Waikato economy.
DairyNZ estimates that farmers have spent over $1 billion over the past five years on environmental management systems such as effluent systems, riparian plating and retiring sensitive land, which equates to around $90,000 per dairy farm.