Primary Industries ($443.7 million operating total and $42.5 million total capital)
New Zealand's primary industries play a critical role in growing our economy. As we move into the post-COVID-19 economic recovery, our primary sector is more important than ever. Budget 2020 invests in initiatives that will ensure our primary industries are supported and sustainable now and into the future. Funding will support our primary industries to continue their existing scope of operations, rebuild essential infrastructure and prevent or mitigate the impacts of biosecurity threats.
Key initiatives in this area include:
- Continuation of the Mycoplasma Bovis Eradication Programme ($193.5 million operating total). This initiative provides funding to support operational activities, including surveillance, tracking, movement controls and culling infected animals and also contributes to compensation costs for farmers, primarily associated with the loss of stock and milk production.
- Continuing the Ministry for Primary Industries' (MPI's) Current Scope of Operations ($126.1 million operating total). This initiative provides funding to address price pressures to ensure that MPI is able to deliver its wide scope of activities across agriculture, biosecurity, forestry, fisheries and food safety.
- Rebuilding Forestry Emissions Trading Scheme (ETS) Infrastructure to Meet Demand and Support the Transition to the Low Emissions Economy ($43.4 million operating total and $36.2 million total capital). This initiative provides funding to enable the implementation of new business processes for the Forestry ETS administration and implements the reforms set out in the Climate Change Response (Emissions Trading Reform) Bill. It will contribute to New Zealand's broader efforts to decrease national emissions.