Fieldays showcases the contribution of our rural sector. National knows that farming is the backbone of our economy, and we are committed to supporting it.
We encourage research and innovation through the Primary Growth Partnership. We have allocated $35 million to the Irrigation Acceleration Fund to help get irrigation projects underway, and proposed future investment of up to $400 million of equity in regional irrigation projects.
And to promote a competitive and innovative dairy industry, we are amending the Dairy Industry Restructuring Act. Our bill enables Fonterra to set up the Trading Among Farmers (TAF) scheme, and creates transparency around the setting of farm gate milk prices.
This bill is crucial to ensure the continuing growth of an efficient and innovative New Zealand dairy sector.
The rural sector is a key part of our plan to build a stronger economy, create more jobs, and raise incomes for all New Zealanders.