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New Zealand has historically been at the forefront of the agricultural sector.  In developing and commercializing innovations in pasture or farming, New Zealand leads the world in its highly efficient farming practices.  According to New Zealand’s Ministry of Agriculture and Forestry (“MAF”, www.maf.govt.nz/),  New Zealand’s economy, people and environment depend on the success of its land-based industries, more than any other developed country.  The organization estimates that the agricultural industry now generates over 60% of New Zealand’s merchandise export earnings and around 12% of its gross domestic product.
Unlike other countries, New Zealand does not subsidize its farms.  As a result, farmers have adapted and refined efficient means in order to enhance yield and productivity wherever possible.  MAF estimates that from 1984 to 2007 the agriculture sector’s total productivity increased by an annual compound growth rate of 3.3 percent, and forestry’s by 1.6 percent, compared with the wider economy’s annual compound productivity growth of one percent.  Average dairy farm size has increased 100% since 1990, with average dairy herd size increasing 135% since 1990.  The willingness to adopt innovation and new technologies makes New Zealand a leader in the agricultural sector.
New Zealand is now the world’s largest dairy and sheep meat exporter.  As a top producer and exporter, the country is positioned as an international trade partner given its leadership in dairy, sheep, grains, livestock, vegetables, fruit and wool.
New Zealand’s commitment to the agricultural sector extends beyond business purposes.  The country has a focus on developing and commercializing environmentally friendly, sustainable and healthier farming practices.  New Zealand serves as a successful example for other countries to follow.
Together, Agria Corporation and PGG Wrightson are perfectly positioned for growth given favorable sector trends and the unparalleled complementary strengths of our combined agricultural and international trade experience, international reach, brand awareness, R&D advances, and best practices.
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