New Zealand: Peanut farming could bring jobs and money to Northland as trial gets under way

Published 2021년 12월 20일

Tridge summary

A trial in New Zealand's Northland region is evaluating the potential of large-scale peanut farming, with the government investing nearly $700,000 and local contributors an additional $300,000. The trial, spread across seven sites in the Kaipara and Far North Districts, aims to assess the viability of peanut farming for sustaining an industry, generating million in economic value, creating jobs, and providing a new crop rotation option. Despite initial success, the trial also addresses concerns about the costs and access to necessary equipment and chemicals for harvesting and drying.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

People in Northland could soon be working for peanuts if a Government-funded trial finds growing the legumes on a commercial scale is viable. Nearly $700,000 is being spent on large-scale trials after a smaller one recently proved peanuts could be farmed in the north of the country. Over the next two years, a group of farmers will grow them at seven sites across the Kaipara and Far North Districts, with an aim at finding out if the venture could sustain an industry, Northland Inc’s Vaughan Cooper said. He hoped the experiment would provide the “conclusive evidence” investors, landowners, growers and farmers needed to have confidence to diversify into peanut growing. The initial feasibility study, completed in June, said the industry could be worth millions to the region, with New Zealand companies importing tonnes of peanuts every year. The report also said the signs at most of the test sites were good as many of them had the potential to produce yields in line with those in ...
Source: Stuff NZ

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.