Dairy sector well placed to take advantage of technology revolution
Higher dairy payouts have put dairy farmers in a good position to take advantage of new technologies that will redefine
farm efficiency in the years ahead, according to ANZ’s Managing Director Commercial & Agri, Mark Hiddleston.
“While diary and other commodity markets remain changeable, a higher payout provides an opportunity for our dairy
farming customers to pay down some of the debt they’ve built up, and to reinvest in their businesses,” Mr Hiddleston
said.
“We are seeing the next agricultural revolution where technology and innovation will drive improvements in farm
productivity, efficiency, while reducing environmental impact.
“National Fieldays, which ANZ is proud to support for the 49th year, will be an unrivalled opportunity for dairy
businesses to check out the latest innovation and thinking.”
Research by ANZ rural economist Con Williams into some of the apps and technology aimed at improving the bottom line for
agri-businesses shows real growth in tech adoption across the sector.
“There are a whole range of benefits, but essentially it’s about the ease of doing business, being more efficient and
productive, making better decisions, mitigating risks, meeting compliance requirements and improving the bottom-line,”
Mr Williams said.
Despite a challenging global backdrop he believes the outlook for New Zealand agri-businesses is positive.
“The operating environment looks positive for the key livestock sectors. We are most cautious on beef, with a large
supply increase anticipated from the U.S. and Brazil. For dairy, current market indicators suggest a high-$5/kg ms to
high-$6/kg ms range for the milk price,” he said.
“The main horticulture sectors had challenging growing and harvesting conditions this year, impacting on the overall
quality of crops. That said, decent prices are still expected, supporting overall revenue.”
ANZ’s long-term association with Fieldays reflects the bank’s commitment to the New Zealand agriculture sector.
“We are proud to get behind Fieldays and are committed to being part of the solution that addresses New Zealand’s
industry challenges and creates a brighter future for our agri-sector,” Mr Hiddleston said.
ANZ Fielday activities include:
Economic outlook + technology
Con Williams, ANZ’s Agri Economist, will be presenting an economic overview along with some highlights from his current
research into technology and apps in the ANZ Lounge at 10:00am Wednesday and 10:30am Thursday and Friday. He’ll also be
available in the lounge from 2:00pm to 3:00pm (Wednesday-Thursday) for more informal discussions, as well as the
Fieldays’ media briefing on Thursday at9:30am.
The ANZ Specialists Bar
A team of experts from across the bank will be available to talk to farmers to provide business information and support.
Customer Lounge
We’re offering all visitors morning and afternoon tea and a light lunch service (Wednesday-Saturday) downstairs in the
ANZ Lounge.
Kōwhai Creamery
Local ANZ customer Kōwhai Creamery will be showcasing their handcrafted real fruit ice cream. Tastings are
Wednesday-Friday (11.30am to 1.30pm) in the Courtyard.
ANZ Ambassador Visit
ANZ Ambassador Eric Murray will be on site for a few hours on Thursday to meet and chat to Fieldays visitors.