Local Bodies: The myth of New Zealand’s economic backbone
If the farming sector is the ‘backbone of the economy’ then why is it that we are struggling to stand upright economically at the moment? Is it because agriculture is a economic drain on the rest of NZ. It provides 85% of our export revenue. But contributes just 5% of GDP, 5% of the workforce, and 1-3% of tax revenue – which effectively measures the profit to NZ.
