Many regions in New Zealand depend heavily on the dairy industry for their economic wellbeing, reveals a recent report.
The purpose of the report commissioned by the Dairy Companies Association of NZ (DCANZ) was to highlight to government the value of dairying as an export earner and to show the economic impact of the sector to the regions. The report was prepared by the NZ Institute of Economic Research.
DCANZ executive director Kimberly Crewther says while many people will already know that dairy is NZ’s largest export sector, the report shows how $17 billion of revenue is shared across the economy as income and a driver of economic activity. She says it shows how important dairy is to many regions where there are few economic options. She says almost 80% of dairy sector wages are earned in rural areas.
“Dairy is the top income generator, delivering more than 10% of GDP, in Waikato, Southland, West Coast and Taranaki. It is also the second-largest contributor to economic activity in Northland and Manawatu, and the third largest in Canterbury and Bay of Plenty,” she says.
Crewther says the dairy sector accounts for $8.2b of NZ’s GDP with dairy farming earning $6.2b and dairy processing $1.9b. She says dairy farming is the fifth-largest industry in NZ behind finance, construction, real estate and health.
DCANZ executive director Kimberly Crewther says while many people will already know that dairy is NZ’s largest export sector, the report shows how $17 billion of revenue is shared across the economy as income and a driver of economic activity. She says it shows how important dairy is to many regions where there are few economic options. She says almost 80% of dairy sector wages are earned in rural areas.
“Dairy is the top income generator, delivering more than 10% of GDP, in Waikato, Southland, West Coast and Taranaki. It is also the second-largest contributor to economic activity in Northland and Manawatu, and the third largest in Canterbury and Bay of Plenty,” she says.
Crewther says the dairy sector accounts for $8.2b of NZ’s GDP with dairy farming earning $6.2b and dairy processing $1.9b. She says dairy farming is the fifth-largest industry in NZ behind finance, construction, real estate and health.
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