I grew up on a New Zealand farm, and I never understood why so many countries with such fertile land don't end up rich, as my brain always linked agriculture to wealth
Despite producing this much food to export, New Zealand's living costs are actually high compared to its median salaries. Hell, NZ food exported to other countries are actually cheaper than the ones sold in NZ.
Well not really... NZ does not have agricultural subsidies like EU. Therefore the cost of the food is the cost of the food. In places where there are subsidies, the food costs are still high, but you pay them in other ways (eg. more tax).
And since NZ is so small, this will end up on free-to-air public news stations tonight. This is actually the best summary of NZs economic history I’ve seen on UA-cam.. great research.
This thing about mono-economies is a really good point. 62% of Norway's exports are oil and it is a very wealthy country. I think it has far less to do with some magical curse that leads to any country that predominantly relies on one economic sector failing, and more to do with the fact that some mono-economy countries are able to use their resources very functionally in a way that benefits the general population, and others are not.
pretty much, in the case of Norway they have an efficient democratic process to redistribute the oil wealth, in the case of new zealand agriculture is not too concentrated (many stakeholders) The difference is also that these countries are not truly mono economies either, they are "mono exporter" they don't rely too heavily on imported services for their own cunsumption, they have other good paying jobs serving their own population
I don’t think it just or mainly about mono-economics. Sure, that is a common link between the 2, but so is co-ops. If people given the power to make their own democratic choices within their profession, it’s more likely they’ll end up organizing their industry more efficently.
As a New Zealander, its sometimes crazy to think that farming is considered a poor income and lackluster occupation in a large portion of the world. I live on a farm and help sometimes, my family is well-off. I associate farming wif wealth becos thats just how it is here. Crazy
@@jemma_19988 Regurgitating theory doesn't mean you're smart , how can you say this when you literally know nothing about the circumstances of OP. Stop smelling your own farts.
@@jemma_19988 So, the land generates income by itself? I didn't know. Wealth doesn't mean anything if one cannot use it in an actual as well as economical sense. Of course the farming itself is the reason for their well-being.
Getting into farming today in New Zealand isn't as easy as it was in the past. My parents and grandparents were dairy farmers, my Grandpa purchased a farm in the 1950s he was able to buy cheap as he was a returned service man from WW2. My parents took over my grandparents farm in 1980 and paid around $250,000 for a farm that milked 130 cows, the farm was 86ha or 213 acres. In the mid 90s my dad decided he wanted out of farming, our farm was doing well and we were making good money but dad decided he wanted to do something else since myself and my siblings weren't interested in carrying on the farm. My parents sold the farm for $600,000 which seemed at the time a good increase on the initial price they paid 15 years earlier and I could see here getting into farming was becoming harder with the cost of purchasing a farm having increased so much, the family the purchased our farm were sharemilkers on a larger farm and they sold most of their herd of cows to pay for their deposit to purchase our farm. In 2001 just 4 years after my parents sold their farm the new owners sold the farm for $1.3 million doubling their purchase in just 4 years, the same farm sold again in the 2000s for $3 million and as high as $3.8 million. The massive increase in farm prices means that is is much harder to get into farm ownership in New Zealand and makes things tough when mortgage rates go up or the milk payout drops for those that owe large money to the bank. Farms these days are also much larger, my grandparents had just 40 cows in their day in addition to sheep, my parents removed the sheep and increased the dairy herd to 130, the new owners have increased the size further. Another issue to point out is what we pay for the food made in our own country, we have blocks of cheese selling as high $20, a block of butter for around $7. We also pay ridiculous prices for meat and while we produce great wool newer houses have synthetic carpets and people wear jerseys with synthetic wool instead of the real deal.
There's a strong connection there between the cost of farming and the cost of buying farm products - food and wool. If you have to borrow millions of dollars to buy the land, you have to build the loan repayments into your prices - which wouldn't work if it were just one farmer trying to charge higher prices, but when it's all of them, the market just has to pay up.
@@annarchydeclutteranddesign413 you really have to shop around, But I have seen a 1kg block in places like paknsave for $12 and under, in Auckland, Hamilton, Wellington, Blenhiem and Nelson. But yes I have seen prices as high as 16 or 18 dollars for that block of cheese, especially in New Word or Countdown.
@@annarchydeclutteranddesign413wtf? At paknsave, cheese is $7-8 for the cheap stuff, about $10 at countdown, if you’re shopping local instead of big box or at new world, you’ll be paying $20 per block of cheese no problem
@@samuel.andermatt The whey is used in many different ways* . The big dairy companies processes many hundreds of millions of tonnes of it, and make food grade extracts that are used in baking, dog food, weight lifting supplements, food additives, honestly it is extremely valuable. * no pun intended mate.
@uncletiggermclaren7592 we have about 240 × 1.6 tonnes of casein in my workplace. Skim milk powder there's about 40 × 80 × 1.6 tonnes. Im not doing the maths. We also have enough lactoferrin to buy the whole country near about.
Oh yeah one more thing: our gloriously exported food is more expensive in our own supermarkets than the ones it's being exported to overseas. Disgusting.
I live in a country with a major agribusiness industry too (Brazil) and I feel your frustation! We (the internal market) always get the worst quality products for the most expensive prices 🙄
Diary prices are actually insane. Butter went from like $3 to $6. It’s funny that the milk I spend far too much on comes from the teats of cows that live right next to me. I’m literally surrounded by industrial dairy.
One additional factor for low-cost dairy and meat production is the weather. As it is (relatively) mild year round, cows can stay out in the fields rather than having to be brought into barns and fed silage.
even as a new zealander i had never considered this. In the north island especially it would be rare for it to ever snow its mostly just very rainy in winter (and summer too, hence all the grass)
And not TOO mild, IIRC if it is you can't rear the best cows or sheep/lamb. You need a bit of regular mild wind and rain (also helps make the best leather) and it's good for quality grass growth and lowers viral load in soil for arable crops. Those same factors also apply to Ireand and most of GB and with that kind of climate it is quite rare globally (NZ, GB+Ireland, and PNW NA which gets harsher winters, that's it aside from lucky sub climates due to mountains and islands etc. like with coffee).
New Zealand is propped up by farmers, no doubt. But we do have some serious issues too. Cost of living is ridiculous, the bureaucracy is out of control and infrastructure is years behind what it needs to be. We also lose many skilled workers to Australia.
I could move from NZ to Australia and make atleast double my current salary in the same industry and buy a house almost 2x the size for less. And food would be cheaper. It's so crazy. I feel crazy for not going but I like my family and friends so I don't leave...
I normally do a bit about being an old lady when I comment, but I'm actually a guy who moved to new zealand. So, I'll just say...When a country exports everything they create and imports everything they consume, you create a people who are fucking starving. People here are either middle class and living the dream, or they're struggling - and the cost of groceries is half the reason why, with housing being the other half. If this place is the "only successful farming country in the world," then this world must be Hell or something, because ain't no way the citizens of the most successful farming country sit eating frozen imported shit for every meal.
Precisely! We have had the highest spike in food costs in the anglosphere, consistently some of the highest food prices globally, and we only keep the product not good enough to export. Fonterra and Foodstuffs monopolies devestate the 99%. Everything from food to energy production was sold to China under Key, so rich people could get a cheque while we pay for the privilege of using our own fkn services. Its a deeply broken economy... We eat frozen or processed slop because a block of the worst no brand cheese is never below $10.
I’m afraid that’s already become a reality, and we’ll probably end up eating frozen imported food that the Cantos are selling on the streets from their takeaways.
@@sleazymeezy It's crazy a block of Woolworths Edam here costs less than a small netball sized (idk how describe it lol) wheel of gourmet cheese when the Netherlands. We eat actual garbage dairy for insane prices.
Yes! So many kiwis can't afford to eat food produced in NZ. They are eating low quality food imported from China and other countries with few regulations.
Cardiff co-op as was ....Taranaki is littered with dead dairy co-ops .and many rural schools that died with shrinking farm labour forces .. ..The video on the whole was quite good...great mixture of vintage and fairly recent photos....being a local i can see where they fit in context. ..one grandfather ...the exAnzac..was a stock and station agent for National Mortgage in the Mackenzie country..
As an Indonesian, I kind of love the fact they're pretty close by (yes they're 7,500km away but compared to other countries they're our next door neighbour). Hope to go vist one day and see their cray mountain on a bike.
@@frozencatcake Yep here in Oz we have far less mountains. ;) A few of the Kiwi's I work with have mentioned that it weirds them out how there are no hills around to get any bearing. I get it, everytime I have been to NZ it is very easy to figure out where you are - well except in Auckland and Hamilton. But everywhere it is easy.
Sooner or later Hoser's going to need to make a video about the Canadian economy to counter all the sensationalist videos I've been seeing everywhere about how Canada has become a third world country.
1st world (USA and friends) , 2nd world (USSR and "friends") and 3rd world (the rest) are outdated political terms from the cold war era lazily used as an economic term because most of the third world wasn't industrialized at the time
1:52 challenge accepted. 3 course meal (Assuming a few extra ingredients can be used btw) Appetizer: Steak frites with red wine reduction sauce Entree: Lamb chops with an apple honey lamb fat sauce Dessert: Sopapillas served with honey and a milk chocolate mousse For drink, the best option (according to my research) would be a Cabernet Sauvignon You're welcome :D
@@walterzamalis4846 How dare you speak ill of the coalition! Their blatant conflicts of interest are helping our most vulnerable members of society-the landlords!
I work in a supporting industry in NZ ( corrugated packaging), and it's been interesting watching the ups and downs in ag industries, based upon the amount and type of printing work we get. For eg, over 20 years, I've seen the explosion of fish , meat and dairy products being sold to china and Europe, and the sudden decline of goods going to Russia and Saudi Arabia. Wine exporters come and go, but it's exciting to see a very small business go from 10k/ year boxes, to 500k/ year, due to success.
Good insights. Why do you think that is? I'm more familiar with Russia, so I assume post-1990's ties with Europe (cheaper to import foods from local areas), increased mechanisation of farming, while NZ food is now being seen as a luxury healthy brand in Europe and the US.
@htth8633 well, with Russia, Its probably to do with embargos , Europe and UAE, just competition with everyone else, china, largely to do with part Chinese owned Synlait, not doing well in NZ ( think A2 milk powder) don't know why. It's a fluid economy, just interesting to me being at the edge of the economics. Just observations at the pre-press level, watching thousands of printing plates, die cutting and ink making , passi g through my hands.
The strongest drawback to heavy farming in New Zealand is its impact on waterways. I work in the freshwater field and we are slowly but surely making steps to achieve healthy safe waterways AND productive farming practices. Once that equilibrium is achieved, its party time.
But isn't New Zealand running into an issue where they export too much of their food and the price of food for the native New Zealand population is higher than necessary?
NZ doesn't subsidise food production so consumer prices are higher, and we then pay the export price the farmer gets. 15% tax is added to food in stores. A lot of prepackaged food is imported from Australia which adds to the cost.
@@cg_2k72 Given the small population of the country no wonder there's only a few large grocery firms there. And only a few firms means they could charge higher prices. No wonder why New Zealand meat pies are a thing, I guess.
In terms of calories consumed, NZ is actually quite import-dependent. Even in the fruit and vegetable and meat section, a substantial chunk of stuff in our supermarkets is imported. Sure we produce a shitload of meat, dairy products, and temperate climate fruit and vege, but outside of that virtually everything is imported. It might be made here, but the raw product is imported - eg, NZ-made bacon from Spanish pork, or bread from Australian wheat. A lot of pork comes from the EU, a lot of beef in our food service sector comes from Australia, all of our bread flour comes from Aus (due to mineral deficiencies in the soil), all of our rice comes from Aus/Asia, fruits come from everywhere, and finished goods/processed foods are mostly made overseas.
As an ex-kiwi… their riches are overly exaggerated. NZ has crazy levels of wealth inequality. The _vast majority_ of the population lives in housing that would be considered unsafe in the USA’s Rust Belt, famous for being run down and painted with lead paint. The sheer amount of water damage and resultant mold is a national health crisis, it’s not a coincidence NZ has some of the highest asthma rates in the world. Add onto this the sheer cost of consumer goods due to being in the middle of nowhere, and the tendency for monopolies/duopolies, and you have a place where the cost of living is higher than in most of the California Coastline population centres. In other words, kiwis pay Silicon Valley prices for housing comparable to the worst in the USA. I cannot overstate just how much value Lord of the Rings brought to the economy by reminding the world of NZ as a tourist destination. An absurd amount of the money actually available to the lower and middle classes comes from tourists and trickle-down effects from rich people buying bolt-holes.
Speaking from an Aussie perspective, we get the same "oh, but you're a rich country"... NZ and Oz have many of the same issues. An economic analysis of our agricultural sectors is not complete without stating the triple bottom-line. There have been massive ecological impacts. Australia has lost more arable land to dry land salinity (alone) _than the entire agricultural footprint of the UK._ NZ has a massive problem with nutrient load in their rivers.
It is no surprise that a culture obsessed with owning a quarter acre "life style block", strong private property rights, extreme NIMBYism and loves immigration might have terribly undersupplied/overpriced housing market lol. Urban sprawl fueled by imported oil was a slow disaster waiting to happen. But I still think you're exaggerating the "vast majority".
"Even though total sheep in the country has fallen to about a third of what if was in the 80s, sheep meat exports have actually risen" I feel like there is a connection here...
@@johncitizen306 we have to come up with creative ways to market it, without letting everyone know, yeah it's still just wool. Just with a fancy spin on it.
5:33 most of New Zealand's soil isn't actually adequate for crop lands, livestock and wine, sure. However the statement about millions of years of volcanic activity making it fertile is just wrong, millions of years is still young soil without significant organic material. Nothing like the black earth of Ukraine, American Mississippi watershed, or Indonesian peatlands. Even then, our most fertile soil around Auckland is wasted on suburban sprawl. New Zealand is a lovely country with a significant livestock economy, but that is not the same as "fertile soils".
I live in hawkes bay. We have rich soil created from a flood plan like cyclone grabreile. 5 rivers in 20km of coast line. If rhat. Plus all the rivers flow underground and we have a huge aquafa. Add to that the amount of sun we get it's just prefect growing conditions.
@@kanoslayer2735Iodised salt isn’t mandated, it’s just a standard at this point. It was introduced worldwide to help prevent issues that occur from a lack of iodine intake (birth defects, miscarriages and goitres), as iodine is one of the least commonly occurring natural minerals in soil, occurring most near the sea, so the addition of iodine helps prevent that, particularly during pregnancies. It’s not really related to soil fertility as far as I’m aware, it can help plants to some extent, but doesn’t seem to be as crucial to them as it is in animals.
The importance of co-ops in NZ cannot be understanded. For every sector, there is a co-op that helps farmers maximise productivity, bulk buy inputs like fertilizer, and negotiate higher prices
Your completely right, I'm hoping the government tries to jump the barrel on aquaculture to see if thats something that can be expanded and turned into a cooperative which would be cool to see
Aside from Fonterra, what co-ops are you referring to? The kiwifruit industry had something similar a couple of decades back, but has been deregulated since.
Haha yeah success is relative, New Zealand is messed up as of current but the majority of the world is even worse lol. I would know I live in the rest of the world (not Oceania).
@hamish, doesn’t matter if Australia is better because that’s still Oceania. Most nations outside you Pacific bubble suck far worse than New Zealand does.
I found this video to be quite enjoyable, everything blended together perfectly, with the music serving as an unexpected bonus that tied everything together neatly, like a well-wrapped Christmas gift. Thank you hoser :)
In the export graph at 2:33 some other chunks are also derivated from farming such as wood (from tree farms) casein, protein powders. wool, leather and some smaller ones too
10:10 Actually they did cut subsidies to boost the economy. It was a part of “Rogernomics”, the big economic plan Roger Douglas laid out. He saw subsidies as the government “picking winners” which lead to inefficiencies
I grew up very firmly in the underbelly of NZ. And all I can say is, if I had the means to leave and never come back, it would have already happened by now. NZ is really not a very nice place to live if you aren't rich.
Years ago I worked for the NZ government in the anti regulation team. I got the chance to go to the OECD as an examiner of regulation proposals some members wanted to be critiqued. I was astounded at the different approach. Our starting point was " what is the bad thing that would happen if we burned this entire regulation in question. Once you I identify that...and are convinced there is not other option...you draft a regulation to address it and repeal the rest. In Europe the approach was to make small tweaks to regulations and leave the rest...even though when you examined the regs in question..thir main purpos was to protect incumbent players dressed up as protecting the public. NZ cannot afford this approach. I noted how in Greece few seemed to pay tax...or what they should...and the regulations around business were nonsensical. I said to my colleague..."we are making all these steps to maximize regulatory efficiency...have a good tax system, banush subsidies and tariffs etc...why bother ...look at Greece".... a few years later their secret was revealed....loads and load of debt.
You missed the part where after all the industry is outsourced and the country becomes entirely service base the wages drop to a point where the country is indistinguishable from the poverty stricken country and gets conquered by the industrial power
Largely because that doesn't actually happen. To be fair, that's mostly because Actual collonialism is expensive and inspires revolts, where as abusing 'free trade' and various other similar things brings in 90% or so of the benefits at something like 10% of the cost (numbers vague and pulled out of the air for illistrative purposes). Free trade is rarely actually good for the smaller economy, except in comparion to the previous tendencing to misuse and abuse trade policy for diplomatic and political ends rather than, you know, economic regulation.
Can't help but consider the irony given New Zealand sunk into a recession as of yesterday which isn't to detract from its agricultural success, just its recent monetary and fiscal policies.
The issue with farming in NZ is that we make such good products, its more profitable to sell them overseas than domestically. Its not that we have so much food we can spare it, there are plenty of people who just striaght up cant afford to eat here because of this very reason.
New Zealand has size of Japan, UK or Italy so it does not need to create production in other branches. In fact, it does not even need to shift all agriculture to productions requiring larger workforce on smaller plots of land, such as berry growing. But New Zealand farmers do not have "lifestyle choice" farms, and average dairy farm has around 500 cows with just one family working on it.
The berry picking, etc, is actually done by Pacific Islanders (eg from The Solomon Islands) who come to New Zealand to get vital cash, and are usually preferred by the farmers to NZers as they are often repeat visIts, so know what they are doing, and are diligent and hard working.
@Xalta, you are a kiwi you have no right to speak on Euro politics (I don’t inherently disagree with you in this case, but it’s just not your place to speak on such things).
NZ has huge drinking water pollution problems due to obscene levels of irrigation and fertiliser application, Local Government (Councils) are mandated by Central Government to chlorinate water supplies to achieve a potable standard. Our waterways are also polluted. Farming practises in NZ over the last 50 odd years have changed New Zealand forever. 8:08
As a European traveling the country with my family I have to say it's pretty sad to see how Kiwis treat their nature. They are rightly proud of their wonderful country but agricultural and forestry practices are abusive.
I'm a kiwi. Here is how rich NZ is. The capital city has a failing water infrastructure with 40% of the water supply leaking on to the streets. The county has a housing market that is a struggle to get into without a loan from a relative or two. High food prices, high mobile data prices (like, 20 NZD for a 1G sometimes), ferries that are 30 years old and a government that refuses to invest in any infrastructure besides a road, a health care system that is failing due to staff shortages and insufficient investment. Domestic flights that are around 30 mins can cost over $1000 NZD. Add income inequality to the mix and what you have is a country that doesn't feel rich for the average kiwi. Granted, NZ is definitely richer than many countries, but NZ has this reputation of being a paradise, and it just isn't. It's good. But, it has serious problems like any country.
@@larshoffmann2798what's this we business. You stated you're a tourist travelling with your family in another comment. Take your negativity out of our country. We don't need you.
you know a lot of that reminds me of my country, canada expensive housing? for the major cities, check high food prices? you can thank our grocery store monopolies for that high mobile data prices? we have one of the highest in the developed world
@@iwuedfhCanada and NZ share many of the same problems, which is why NZ is bleeding skilled workers and capital to Australia and the US who leave and never come back
We have people making the NBR rich list just from owning one supermarket. I have no doubt the country is rich it's just a matter of where it's all going.
@Xtraqk220I didn’t say it was accurate but it was a good satire of it. Most North Americans aren’t even familiar with the kiwi accent and when they have heard it and try, it’s always an Aussie accent. This was noticeably kiwi but exaggerated.
@@forestreee then we can become Newest Zealand to become younger too, then the dutch can rename theirs New Newest Zeeland and bada bing bada boom infinite prosperity 😎
The fact that we get free videos on UA-cam by Hoser is truly a gift; keeping education and knowledge alive. 👏🙏🏾🤷 May I also remind you of the fact that for centuries, here in the Asia-Pacific region, the vast majority of the population in vast bountiful resourceful Australia & New Zealand, tens of millions of Europeans were from all over Europe brought in over to the Asia-Pacific, the motherland of Native Asian-Pacific people.. Just saying.
No doubt, Slavery, Genocide, Colonialism & Colonization are all evil things done and benefited by evildoers.. For instance, here in Singapore, a tiny island with 6 million souls lives like sardines in a can, whereas elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants. A similar situation in tiny and packed Japan, which is running out of space and land. Do you know that their living room and bedroom are the same place, and that most Japanese people sleep in their living room?
Like I said, Slavery, Genocide, Colonialism & Colonization are all evil things done and benefited by evildoers. Here in Singapore, a tiny island with 6 million souls lives like sardines in a can, whereas elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants. A similar situation in tiny and packed Japan, which is running out of space and land. Do you know that their living room and bedroom are the same place, and that most Japanese people sleep in their living room? 😔
@@Yadayadayada-su7wo My jaw dropped as I learnt in Singapore, a tiny island with 6 million souls lives like sardines in a can, elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants.. It is a jaw dropping sad truth. 🤷
Lets face it, we can tell China all we want that they need to treat people better, especially the minority groups, we could even threaten to stop trading with them, do you think they would care? Not at all, they will do as they want and there is nothing we can do about it, so why even try?
Just to add: scrapping the subsidies (in 84 I think) was the best thing to happen, thou it didn't feel like at the time. What helps the farmers being so good there (in my opinion) is the training that is on offer. Right from the start of ones career there are very good courses. There are discussion groups all over the place for local farmers to attend for free. The banks (in general) have an understanding of a farms cashflow. I now live in the UK, there are these things here, no where near as common or the standard.
My regional security courses in university : there is no country in the world that can even come close to being completely food secure. New Zealand just silently exist being almost completely food secure. 🤔🤔🤔
It depend on what your criteria for "food secure" is. If it just mean enough food to survive, then a lots of countries can do that. However, if you also want variety, then yes, no countries can have food secure, even NZ.
@@joshs7276 Shopping at Woolworths is your first mistake. If you don't have a Pak n Save near by, fair enough, but if you have a choice, you're paying 10-25% extra for no good reason
@@TheLIMREPORTNah fr though the bus route to college I take has a busy road that has needed repairs like 4 times this year💀💀 The infrastructure is actual trash in NZ
Yeah. Big (ish) country, few people. Never going to change. Although I think it was a massive mistake to privatise rail and send everything by road now. I reckon don't build motorways, incentivize people to move to the provinces instead - spread them out.
As a kiwi myself, I can definitely see our agricultural industry continuing to grow and increase even during times of economical hardship. There has always been a strong attitude in here, especially amongst the farmers that "She'll be right, mate" and to make do with what you have. This is probably a big reason behind our success, we just put our heads down and get on with the job. Also, in regards to us being so good at producing food that we export the surplus, exporters strongly priortise exporting the high quality and "best" products to such a degree that there is a common sentiment around here that the meat we get in our supermarkets is actually not very good at all and turn to local butchers more and more.
We're so successful with farming here in NZ that we can sell all we like to everybody else, then jack up the prices of what's left for the poor buggers living here. As a New Zealander, it fkn boggles my mind that despite out agricultural successes, we're left with higher grocery bills than ever before. Like how the hell is our produce being sold cheaper overseas then it is on our own bloody back yard!?
There are some flaws with NZ, Its very centralised around Auckland, so if you don’t live there, you’re at a disadvantage professionally, and it also means country-wide wealth distribution is concentrated in Auckland Theres no real intercity public transport, you’re options are to fly, drive or take an expensive pre booked coach. The road network is awful, there have only been intercity motorways completed within the last few years, and even then they’re only dual carriageways, not full motorways. Most places, especially coastal cities and towns, have only a few roads in and out, meaning if one road is closed the effects are drastic, as we saw with cyclone gabrielle, just because one single road got blocked, whole towns were cut off There are no trains, apart from a handful of metros in wellington and auckland, again, no intercity rails, even though NZ used to have passenger rail everywhere. The inter island ferries are owned by the national rail company of all companies. And just as a social issue there are no people, so its easy to feel lonely, and pretty much every is closed and dead by 10pm, in europe we could go literally all night and still find people absolutely everywhere with so many places still open edit: forgot to mention, we over-export most of our agricultural products. Considering NZ is an agricultural nation, i find it really stupid that we still have some of the most expensive dairy, meat, and produce in the world, despite us literally making it everywhere locally.
I live in southland, I don't find myself disadvantaged professionally and down here theres quite a bit of intercity transport in the form of buses. Trains on the other hand are only used to haul raw materials to and from the many dairy and meat plants. Motorways down this far south would ruin us since tractors use the main roads to haul around grass, lime, fertilizer, muck and machinery but I understand up north in the larger population centers, if I'm not mistaken dunedin has a motorway thats not too bad could be wrong though.
IMHO Intercity rail only makes sense if you have extremely large populations, Look at the budget of German or Japanese rail, they match the entire National budget of NZ, NZ Narrow gauge is terrible for passenger trains, it's uncomfortable, loud, and slow (~60km/h), Shinkansen is an entire separate, high speed standard gauge network, it's an extremely expensive investment Japan had to make, to handle 300km/h top speeds, and again, the road infrastructure here is actually *more* developed than most other countries based on the budget and low population. Most of NZ's issue is that wealth is captured in unrealisable property prices, so even if you have lots of wealth, it's useless for buying food.
@@woobilicious. Fonterra supports rail for freight so much so that when the big rail sell off happened they bought rail lines that went past their factories to reduce the cost of moving its goods by using rail.
I commented in another video that having 34% of the population living in 1 city is bad for the country & I got torn to shreds. My argument that a disaster like Christchurch's earthquake hitting Auckland would devastate our economy & leave nearly a million people homeless. All I got back was, "Where are the jobs outside of Auckland?", "If we moved jobs out of Auckland it would push up costs due to having to transport parts all around New Zealand to be assembled then transported back to Auckland for sale or export." The video was about Auckland imposing new housing development restrictions due to a water supply shortage so it's over population has reached a deadlock already..
I'm a kiwi who works in lamb and beef industry, I can tell you a lot of our farmers are planting trees all over our fertile farming land. It is a crazy time to be alive.
@@captainwheelbarrow649 Debt is the main factor, A lot them barely break even most years due to ever increasing operating costs and govt regulations and I would say the other big factor is greed, some have figured they can make good sum of money sequestering carbon in trees with little to no work involved.
Another advantage New Zealand has is its isolation and short history of human settlement, meaning that a lot of dangerous diseases and parasites (like mad cow disease) simply don't exist there. Not having to spend money on testing and screening for these things while being able to guaranty their products safety to foreign buyers is a huge boon. I remember a health scare years ago with contaminated baby formula milk powder, everyone was buying the New Zealand import because it was safe, you couldn't find it anywhere, people with friends and relatives in NZ were getting them to mail them some, it was that bad!
@@janea3601 a full 25% of our country is now completely reliant on food banks as of a month and a half ago. But when your housing is 75% to 80% of your entire income...
What if you don't know how to trade any of these? I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration....
There's a reason it's called kiwifruit y'know, because it looks like our national bird. we had control over what it was named because we produce the most of it.
I am a little surprised you excluded the wood products portion of the infographic (at 2:30) since NZs wood industry, especially the rough wood portion, is also part of our farming industry. We produce some of the best pine wood in the world because its farmed. Same for the wool portion. Thats just part of our sheep farming.
Actually, the span tables for timber had to be revised, as timber is more commonly grown on fertile farmland now, rather than sparse hills, as were planted out in the Depression, so more recent timber has less dense rings, so is not as strong.
Amazing you showed SaltStick fast chews. Those are such a niche peoduct, but absolutely life changing for preventing cramps and replenishing electrolytes. How random! The peach ones are like my favorite candy.
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I'm celebrating £32K stock portfolio today...Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Sharon Duke of finance education a try and you be happy you did
Successful is arguable. Not failing yet seems more accurate. Non-refining, service and export based economy is not the best long term outlook, but it's difficult to see a fix that doesn't involve a time machine.
I find it funny that Hoser has covered every commonwealth country except for ironically his home country of Canada.
lawsuit avoidance.
Literally waiting for that vid... maybe after our next election
He needs to cover Nigeria next
@GrantGraff he did already Cover Nigeria in a video called “Is Nigeria the new China?”
“Sorry”
- Hoser
I grew up on a New Zealand farm, and I never understood why so many countries with such fertile land don't end up rich, as my brain always linked agriculture to wealth
Lack of mechanization, poor crop selection, poor infrastructure, and high populations.
NZ has more fertile land per person than anywhere. If you have too many people, the food can’t be exported
If you only had spades rather than tractors you'd never make the link.
@@Jaffjv fertile for agriculture, not Horticulture, only 3% of NZ is fertile for crops
Most don't even use fertilizers well
Despite producing this much food to export, New Zealand's living costs are actually high compared to its median salaries. Hell, NZ food exported to other countries are actually cheaper than the ones sold in NZ.
Yup
Well not really... NZ does not have agricultural subsidies like EU. Therefore the cost of the food is the cost of the food.
In places where there are subsidies, the food costs are still high, but you pay them in other ways (eg. more tax).
@@cccmmm1234 haha maybe you are correct. Tho NZ tax is also high XD
@@cccmmm1234 and our GST for food is 13% XD
I was going to see if any other kiwis commented this. Absolutely disgraceful that we have to pay more for food grown here
And since NZ is so small, this will end up on free-to-air public news stations tonight. This is actually the best summary of NZs economic history I’ve seen on UA-cam.. great research.
5 internet bucks it won’t be tonight
nah
It might be small, but it's not THAT small, lol.
id love to see the news coverage
I don’t think so
This thing about mono-economies is a really good point. 62% of Norway's exports are oil and it is a very wealthy country. I think it has far less to do with some magical curse that leads to any country that predominantly relies on one economic sector failing, and more to do with the fact that some mono-economy countries are able to use their resources very functionally in a way that benefits the general population, and others are not.
The resource curse is all about politics. Corrupt autocrats and oligarchies exploit resources inefficiently and misuse the wealth.
And as he said, that the mono economy is not built on something that suddenly ends. Like oil in the future, and slavery for the Kingdom of Kongo
It's called having good policies with the right implementations supervised by good governance at the behest of sound market demands.
pretty much, in the case of Norway they have an efficient democratic process to redistribute the oil wealth, in the case of new zealand agriculture is not too concentrated (many stakeholders)
The difference is also that these countries are not truly mono economies either, they are "mono exporter" they don't rely too heavily on imported services for their own cunsumption, they have other good paying jobs serving their own population
I don’t think it just or mainly about mono-economics.
Sure, that is a common link between the 2, but so is co-ops. If people given the power to make their own democratic choices within their profession, it’s more likely they’ll end up organizing their industry more efficently.
NZ is the best country in case of the zombie outbreak. It's isolated, developed and can produce food to sustain themself
Still needs equipment from outside
@@NicoparaDEV The scavenger unit would be formed for that duty
Okay now we just need the zombie outbreak
Yeah, but if the island has its own outbreak, you guys are screwed lol
He doesn't know:
ua-cam.com/video/Hhck0SLcA6I/v-deo.html
>farming
>lord of the rings
>not australian
simple as.
I’d add - leftist policies
Sweet as
you had me on "not australian"
Honestly, we’re hardly kiwis over here now
@@DavidLimofLimReport he was not ranking the flaws
As a New Zealander, its sometimes crazy to think that farming is considered a poor income and lackluster occupation in a large portion of the world. I live on a farm and help sometimes, my family is well-off. I associate farming wif wealth becos thats just how it is here. Crazy
privilege
@thevains u r right, I am very privileged to live in New Zealand
It is actually intergenerational land ownership that makes your family wealthy not the actual farming which is for tax avoidance and to pay rates etc
@@jemma_19988 Regurgitating theory doesn't mean you're smart , how can you say this when you literally know nothing about the circumstances of OP. Stop smelling your own farts.
@@jemma_19988 So, the land generates income by itself? I didn't know.
Wealth doesn't mean anything if one cannot use it in an actual as well as economical sense. Of course the farming itself is the reason for their well-being.
I like the fact that New Zealanders are already in the comments.
🇳🇿NEW ZEALAND MENTIONED🇳🇿
You could say they are always ahead of our time
YEAAAAAASAHH MAAAAAATTEEEE
It doesn't take us long. Despite how few we are, we are everywhere.
I wanted to watch a positive video about NZ while paying some of the highest rent in oecd
Food in new Zealand is hellishly expensive
The china eating animation was such a big jaw rotation I couldn't tell what was happening
I thought it was that drake meme
@CatnamedMittens oh yeah the drake meme where he unhinged his jaw over and over
Getting into farming today in New Zealand isn't as easy as it was in the past. My parents and grandparents were dairy farmers, my Grandpa purchased a farm in the 1950s he was able to buy cheap as he was a returned service man from WW2. My parents took over my grandparents farm in 1980 and paid around $250,000 for a farm that milked 130 cows, the farm was 86ha or 213 acres. In the mid 90s my dad decided he wanted out of farming, our farm was doing well and we were making good money but dad decided he wanted to do something else since myself and my siblings weren't interested in carrying on the farm. My parents sold the farm for $600,000 which seemed at the time a good increase on the initial price they paid 15 years earlier and I could see here getting into farming was becoming harder with the cost of purchasing a farm having increased so much, the family the purchased our farm were sharemilkers on a larger farm and they sold most of their herd of cows to pay for their deposit to purchase our farm.
In 2001 just 4 years after my parents sold their farm the new owners sold the farm for $1.3 million doubling their purchase in just 4 years, the same farm sold again in the 2000s for $3 million and as high as $3.8 million. The massive increase in farm prices means that is is much harder to get into farm ownership in New Zealand and makes things tough when mortgage rates go up or the milk payout drops for those that owe large money to the bank.
Farms these days are also much larger, my grandparents had just 40 cows in their day in addition to sheep, my parents removed the sheep and increased the dairy herd to 130, the new owners have increased the size further.
Another issue to point out is what we pay for the food made in our own country, we have blocks of cheese selling as high $20, a block of butter for around $7. We also pay ridiculous prices for meat and while we produce great wool newer houses have synthetic carpets and people wear jerseys with synthetic wool instead of the real deal.
There's a strong connection there between the cost of farming and the cost of buying farm products - food and wool. If you have to borrow millions of dollars to buy the land, you have to build the loan repayments into your prices - which wouldn't work if it were just one farmer trying to charge higher prices, but when it's all of them, the market just has to pay up.
Where do you buy your cheese from?! I can still get colby or chedder 1 kg block for $10 or under, in Wellington.
@@annarchydeclutteranddesign413 you really have to shop around, But I have seen a 1kg block in places like paknsave for $12 and under, in Auckland, Hamilton, Wellington, Blenhiem and Nelson. But yes I have seen prices as high as 16 or 18 dollars for that block of cheese, especially in New Word or Countdown.
@@annarchydeclutteranddesign413wtf? At paknsave, cheese is $7-8 for the cheap stuff, about $10 at countdown, if you’re shopping local instead of big box or at new world, you’ll be paying $20 per block of cheese no problem
2:35 Casein (with it's 2,5% share) is also a food related product since it's a milk protein.
that's a good casein point HYUCK HYUCK HYUCK
Weird then that whey does not show up
No whey
@@samuel.andermatt The whey is used in many different ways* .
The big dairy companies processes many hundreds of millions of tonnes of it, and make food grade extracts that are used in baking, dog food, weight lifting supplements, food additives, honestly it is extremely valuable.
* no pun intended mate.
@uncletiggermclaren7592 we have about 240 × 1.6 tonnes of casein in my workplace. Skim milk powder there's about 40 × 80 × 1.6 tonnes. Im not doing the maths. We also have enough lactoferrin to buy the whole country near about.
Oh yeah one more thing: our gloriously exported food is more expensive in our own supermarkets than the ones it's being exported to overseas. Disgusting.
Your wrong they get export quality, we get bottom of the barrel quality.
And it's the stuff not fit for export
how tf?
I live in a country with a major agribusiness industry too (Brazil) and I feel your frustation! We (the internal market) always get the worst quality products for the most expensive prices 🙄
Diary prices are actually insane. Butter went from like $3 to $6. It’s funny that the milk I spend far too much on comes from the teats of cows that live right next to me. I’m literally surrounded by industrial dairy.
One additional factor for low-cost dairy and meat production is the weather. As it is (relatively) mild year round, cows can stay out in the fields rather than having to be brought into barns and fed silage.
even as a new zealander i had never considered this. In the north island especially it would be rare for it to ever snow its mostly just very rainy in winter (and summer too, hence all the grass)
And not TOO mild, IIRC if it is you can't rear the best cows or sheep/lamb. You need a bit of regular mild wind and rain (also helps make the best leather) and it's good for quality grass growth and lowers viral load in soil for arable crops. Those same factors also apply to Ireand and most of GB and with that kind of climate it is quite rare globally (NZ, GB+Ireland, and PNW NA which gets harsher winters, that's it aside from lucky sub climates due to mountains and islands etc. like with coffee).
New Zealand is propped up by farmers, no doubt. But we do have some serious issues too. Cost of living is ridiculous, the bureaucracy is out of control and infrastructure is years behind what it needs to be. We also lose many skilled workers to Australia.
NZ peaked by about 2016 we have a world of misery with housing market being used to pump the economy in the coming decades.
Farming keeps NZ in the black but greens and labour in the last government tried to kill it as fast as they could, now the country is broke.
@@Michael-lg4wzNew Zealand peaked with Key
I could move from NZ to Australia and make atleast double my current salary in the same industry and buy a house almost 2x the size for less. And food would be cheaper. It's so crazy. I feel crazy for not going but I like my family and friends so I don't leave...
We also get way too many unskilled migrants contributing to wage stagnation, housing shortages and low productivity
I normally do a bit about being an old lady when I comment, but I'm actually a guy who moved to new zealand. So, I'll just say...When a country exports everything they create and imports everything they consume, you create a people who are fucking starving. People here are either middle class and living the dream, or they're struggling - and the cost of groceries is half the reason why, with housing being the other half. If this place is the "only successful farming country in the world," then this world must be Hell or something, because ain't no way the citizens of the most successful farming country sit eating frozen imported shit for every meal.
Precisely! We have had the highest spike in food costs in the anglosphere, consistently some of the highest food prices globally, and we only keep the product not good enough to export. Fonterra and Foodstuffs monopolies devestate the 99%. Everything from food to energy production was sold to China under Key, so rich people could get a cheque while we pay for the privilege of using our own fkn services. Its a deeply broken economy...
We eat frozen or processed slop because a block of the worst no brand cheese is never below $10.
I’m afraid that’s already become a reality, and we’ll probably end up eating frozen imported food that the Cantos are selling on the streets from their takeaways.
@@mspaint93a block of cheese, 1kg, Is like $20. It's ridiculous.
@@sleazymeezy It's crazy a block of Woolworths Edam here costs less than a small netball sized (idk how describe it lol) wheel of gourmet cheese when the Netherlands. We eat actual garbage dairy for insane prices.
Yes! So many kiwis can't afford to eat food produced in NZ. They are eating low quality food imported from China and other countries with few regulations.
Thanks for the plug about our role in supporting NZ farmers and growers when things are tough or challenging on farm.
This is wild. I’m a dairy farmer in Taranaki where a lot of these photos and film are from.
Good on you, bro. Gotta love farmers. No NZ farmers, no delicious food.
Is that you in the black singlet and gumboots? 😅
Cardiff co-op as was ....Taranaki is littered with dead dairy co-ops .and many rural schools that died with shrinking farm labour forces ..
..The video on the whole was quite good...great mixture of vintage and fairly recent photos....being a local i can see where they fit in context.
..one grandfather ...the exAnzac..was a stock and station agent for National Mortgage in the Mackenzie country..
Beef stock here, but I don't get that wealthy feeling my gumboots have holes and cant afford new ones
I live in Taranaki and I love our farmers!
Thank you for growing our food ❤️
As an Indonesian, I kind of love the fact they're pretty close by (yes they're 7,500km away but compared to other countries they're our next door neighbour). Hope to go vist one day and see their cray mountain on a bike.
You should! Bikes and mountains are something we do well here
Same as a Australian
@@frozencatcake Yep here in Oz we have far less mountains. ;) A few of the Kiwi's I work with have mentioned that it weirds them out how there are no hills around to get any bearing.
I get it, everytime I have been to NZ it is very easy to figure out where you are - well except in Auckland and Hamilton. But everywhere it is easy.
Nesian vibes 🇳🇿🤙🤙
on a BIKE??
Sooner or later Hoser's going to need to make a video about the Canadian economy to counter all the sensationalist videos I've been seeing everywhere about how Canada has become a third world country.
germany too pls
It is not a developing country
Yet.
2nd world
@mjr_schneider You're not in Brampton
1st world (USA and friends) , 2nd world (USSR and "friends") and 3rd world (the rest) are outdated political terms from the cold war era lazily used as an economic term because most of the third world wasn't industrialized at the time
1:52 challenge accepted.
3 course meal
(Assuming a few extra ingredients can be used btw)
Appetizer: Steak frites with red wine reduction sauce
Entree: Lamb chops with an apple honey lamb fat sauce
Dessert: Sopapillas served with honey and a milk chocolate mousse
For drink, the best option (according to my research) would be a Cabernet Sauvignon
You're welcome :D
why'd you do that
now I'm hungry
and I'm broke.
@@WhyGodby A man is hungry in lego city, and he has no money. Hurry, build the gourmet soup kitchen [lego tm] to save him!
No main?
@@artisanfps I can see you don't know much about hauté cuisine. An entree is a main.
Oyster Bay is one of the best affordable wines. For the $11 I paid I get superior flavor to anything around $30
Having spent several years there, I will always have a soft spot for New Zealand and it's people. I wish the determined little Kiwis all the best.
Hi vechs lol nice seeing you here!! I love ur maps
Hey, Vechs! I need to continue watching the "Waking Up" series!
Hi Vechs I used to watch you on Mindcrack
“Determined little kiwis” is pretty patronising… we have a far-right government we’re really going through it right now bro
@@walterzamalis4846 How dare you speak ill of the coalition! Their blatant conflicts of interest are helping our most vulnerable members of society-the landlords!
I work in a supporting industry in NZ ( corrugated packaging), and it's been interesting watching the ups and downs in ag industries, based upon the amount and type of printing work we get.
For eg, over 20 years, I've seen the explosion of fish , meat and dairy products being sold to china and Europe, and the sudden decline of goods going to Russia and Saudi Arabia.
Wine exporters come and go, but it's exciting to see a very small business go from 10k/ year boxes, to 500k/ year, due to success.
Good insights. Why do you think that is? I'm more familiar with Russia, so I assume post-1990's ties with Europe (cheaper to import foods from local areas), increased mechanisation of farming, while NZ food is now being seen as a luxury healthy brand in Europe and the US.
@htth8633 well, with Russia, Its probably to do with embargos , Europe and UAE, just competition with everyone else, china, largely to do with part Chinese owned Synlait, not doing well in NZ ( think A2 milk powder) don't know why. It's a fluid economy, just interesting to me being at the edge of the economics.
Just observations at the pre-press level, watching thousands of printing plates, die cutting and ink making , passi g through my hands.
Why are exports to Saudi declining?
The strongest drawback to heavy farming in New Zealand is its impact on waterways. I work in the freshwater field and we are slowly but surely making steps to achieve healthy safe waterways AND productive farming practices. Once that equilibrium is achieved, its party time.
Yusss, we dont want to cripple the farmers, we'd just like the waterways to be clean
Don’t worry, David Seymour will ruin it for everyone.
Not as bad as other places
But isn't New Zealand running into an issue where they export too much of their food and the price of food for the native New Zealand population is higher than necessary?
Yes, that's generally only meat though
NZ doesn't subsidise food production so consumer prices are higher, and we then pay the export price the farmer gets.
15% tax is added to food in stores.
A lot of prepackaged food is imported from Australia which adds to the cost.
NZ’s main problem is there is a supermarket duopoly which controls 80% of the market.
@@cg_2k72 Given the small population of the country no wonder there's only a few large grocery firms there. And only a few firms means they could charge higher prices. No wonder why New Zealand meat pies are a thing, I guess.
In terms of calories consumed, NZ is actually quite import-dependent. Even in the fruit and vegetable and meat section, a substantial chunk of stuff in our supermarkets is imported. Sure we produce a shitload of meat, dairy products, and temperate climate fruit and vege, but outside of that virtually everything is imported. It might be made here, but the raw product is imported - eg, NZ-made bacon from Spanish pork, or bread from Australian wheat.
A lot of pork comes from the EU, a lot of beef in our food service sector comes from Australia, all of our bread flour comes from Aus (due to mineral deficiencies in the soil), all of our rice comes from Aus/Asia, fruits come from everywhere, and finished goods/processed foods are mostly made overseas.
As an ex-kiwi… their riches are overly exaggerated. NZ has crazy levels of wealth inequality.
The _vast majority_ of the population lives in housing that would be considered unsafe in the USA’s Rust Belt, famous for being run down and painted with lead paint. The sheer amount of water damage and resultant mold is a national health crisis, it’s not a coincidence NZ has some of the highest asthma rates in the world.
Add onto this the sheer cost of consumer goods due to being in the middle of nowhere, and the tendency for monopolies/duopolies, and you have a place where the cost of living is higher than in most of the California Coastline population centres.
In other words, kiwis pay Silicon Valley prices for housing comparable to the worst in the USA.
I cannot overstate just how much value Lord of the Rings brought to the economy by reminding the world of NZ as a tourist destination. An absurd amount of the money actually available to the lower and middle classes comes from tourists and trickle-down effects from rich people buying bolt-holes.
Oh boy, we are higher than Silicon Valley in places... and over 10% of houses are unoccupied, rentals or AirBnBs etc... market is in failure mode
Speaking from an Aussie perspective, we get the same "oh, but you're a rich country"... NZ and Oz have many of the same issues. An economic analysis of our agricultural sectors is not complete without stating the triple bottom-line. There have been massive ecological impacts. Australia has lost more arable land to dry land salinity (alone) _than the entire agricultural footprint of the UK._ NZ has a massive problem with nutrient load in their rivers.
It is no surprise that a culture obsessed with owning a quarter acre "life style block", strong private property rights, extreme NIMBYism and loves immigration might have terribly undersupplied/overpriced housing market lol. Urban sprawl fueled by imported oil was a slow disaster waiting to happen. But I still think you're exaggerating the "vast majority".
Love spending 30% of my income on accommodation
Lord of the rings did nothing for ordinary Kiwis but made a handful very wealthy
"Even though total sheep in the country has fallen to about a third of what if was in the 80s, sheep meat exports have actually risen"
I feel like there is a connection here...
Lamb costs far too much here.
we do still have too many sheep.
Since they allowed same sex marriages, less kiwis are taking sheep as wives.
Also wool is practically worthless now
@@johncitizen306 we have to come up with creative ways to market it, without letting everyone know, yeah it's still just wool. Just with a fancy spin on it.
5:33 most of New Zealand's soil isn't actually adequate for crop lands, livestock and wine, sure. However the statement about millions of years of volcanic activity making it fertile is just wrong, millions of years is still young soil without significant organic material. Nothing like the black earth of Ukraine, American Mississippi watershed, or Indonesian peatlands.
Even then, our most fertile soil around Auckland is wasted on suburban sprawl.
New Zealand is a lovely country with a significant livestock economy, but that is not the same as "fertile soils".
A large portion of the land used for dairy farming isn't actually suitable for it, and requires extensive irrigation as a result.
Come on! We do have fertile soil. Everything I pick and put in the ground grows, from flowers and vegies to trees. It is fertile!
@fairynuff167 Then why do we have to have large amounts of iodine added to our salt?
I live in hawkes bay. We have rich soil created from a flood plan like cyclone grabreile. 5 rivers in 20km of coast line. If rhat. Plus all the rivers flow underground and we have a huge aquafa. Add to that the amount of sun we get it's just prefect growing conditions.
@@kanoslayer2735Iodised salt isn’t mandated, it’s just a standard at this point. It was introduced worldwide to help prevent issues that occur from a lack of iodine intake (birth defects, miscarriages and goitres), as iodine is one of the least commonly occurring natural minerals in soil, occurring most near the sea, so the addition of iodine helps prevent that, particularly during pregnancies. It’s not really related to soil fertility as far as I’m aware, it can help plants to some extent, but doesn’t seem to be as crucial to them as it is in animals.
all of the views on this video are just kiwis seeing the words 'New Zealand' and clicking on the video lol
😂
Its 5am in this so called country as i watch this debut
Goodmorning boss
new zealand is a aussie pysop, im not falling for this one you fed
Have a great day 🫡
"So called country". Self shaming = cringe
It's noon where I'm at
Hoser: Makes a Video of how NZ is rich even with farming
New Zealand: Goes into recession.
In our modern capitalist hell recessions are inevitable everywhere.
The irony is not lost seeing this video
As someone living in NZ I thank you for this video ❤🇳🇿
also as someone living in recession 😹😹
The importance of co-ops in NZ cannot be understanded. For every sector, there is a co-op that helps farmers maximise productivity, bulk buy inputs like fertilizer, and negotiate higher prices
Your completely right, I'm hoping the government tries to jump the barrel on aquaculture to see if thats something that can be expanded and turned into a cooperative which would be cool to see
Aside from Fonterra, what co-ops are you referring to? The kiwifruit industry had something similar a couple of decades back, but has been deregulated since.
@@davidsteed7278 your thinking of zespri which is one of our largest kiwifruit exporters.
@@male_maid5951 I was thinking more of its legacy predecessor, which functionally used to be the ONLY kiwi-fruit exporter.
Good info.
The longest running NZ television series (58 years!) is Country Calendar, a documentary series about rural life
Ive been lucky enough to grow up on an NZ dairy farm 🇳🇿 great video as usual!
As a New Zealander: Damn, if this success I'd hate to see what failure looks like.
Right now there's a child building a tiny violin for you to order and play
@@Brooks.was.here9024they need it if you new the the price they pay for food and wages to get it,Australia is much better
Success is high productivity
Failure is low productivity
Haha yeah success is relative, New Zealand is messed up as of current but the majority of the world is even worse lol. I would know I live in the rest of the world (not Oceania).
@hamish, doesn’t matter if Australia is better because that’s still Oceania. Most nations outside you Pacific bubble suck far worse than New Zealand does.
I found this video to be quite enjoyable, everything blended together perfectly, with the music serving as an unexpected bonus that tied everything together neatly, like a well-wrapped Christmas gift. Thank you hoser :)
11:53 - Hey I know that Ford factory. it’s in Seaview, just outside Wellington.
In the export graph at 2:33 some other chunks are also derivated from farming such as wood (from tree farms) casein, protein powders. wool, leather and some smaller ones too
You should've used the Lazer kiwi
Nice for a country that is omitted in a lot of maps
GOOD. Keep the human waves of inflation away. We have enough buying US petrodollars as it is.
But that's due to our special cloaking device. 😉
10:10
Actually they did cut subsidies to boost the economy. It was a part of “Rogernomics”, the big economic plan Roger Douglas laid out. He saw subsidies as the government “picking winners” which lead to inefficiencies
I grew up very firmly in the underbelly of NZ. And all I can say is, if I had the means to leave and never come back, it would have already happened by now.
NZ is really not a very nice place to live if you aren't rich.
Same
Years ago I worked for the NZ government in the anti regulation team. I got the chance to go to the OECD as an examiner of regulation proposals some members wanted to be critiqued. I was astounded at the different approach. Our starting point was " what is the bad thing that would happen if we burned this entire regulation in question. Once you I identify that...and are convinced there is not other option...you draft a regulation to address it and repeal the rest. In Europe the approach was to make small tweaks to regulations and leave the rest...even though when you examined the regs in question..thir main purpos was to protect incumbent players dressed up as protecting the public. NZ cannot afford this approach. I noted how in Greece few seemed to pay tax...or what they should...and the regulations around business were nonsensical. I said to my colleague..."we are making all these steps to maximize regulatory efficiency...have a good tax system, banush subsidies and tariffs etc...why bother ...look at Greece".... a few years later their secret was revealed....loads and load of debt.
Greetings from rural NZ
You missed the part where after all the industry is outsourced and the country becomes entirely service base the wages drop to a point where the country is indistinguishable from the poverty stricken country and gets conquered by the industrial power
Largely because that doesn't actually happen.
To be fair, that's mostly because Actual collonialism is expensive and inspires revolts, where as abusing 'free trade' and various other similar things brings in 90% or so of the benefits at something like 10% of the cost (numbers vague and pulled out of the air for illistrative purposes).
Free trade is rarely actually good for the smaller economy, except in comparion to the previous tendencing to misuse and abuse trade policy for diplomatic and political ends rather than, you know, economic regulation.
Can't help but consider the irony given New Zealand sunk into a recession as of yesterday which isn't to detract from its agricultural success, just its recent monetary and fiscal policies.
This has to be the best argument for worker co-ops I've ever seen
The issue with farming in NZ is that we make such good products, its more profitable to sell them overseas than domestically. Its not that we have so much food we can spare it, there are plenty of people who just striaght up cant afford to eat here because of this very reason.
New Zealand has size of Japan, UK or Italy so it does not need to create production in other branches. In fact, it does not even need to shift all agriculture to productions requiring larger workforce on smaller plots of land, such as berry growing. But New Zealand farmers do not have "lifestyle choice" farms, and average dairy farm has around 500 cows with just one family working on it.
The berry picking, etc, is actually done by Pacific Islanders (eg from The Solomon Islands) who come to New Zealand to get vital cash, and are usually preferred by the farmers to NZers as they are often repeat visIts, so know what they are doing, and are diligent and hard working.
Can't believe your New Zealand video didn't mention the word "Kiwi" until minute 13:57
The netherlands is an even better example, this being because its a very tiny country but are ranked 2nd when it comes to agricultural output
The EU is doing its best to “fix” this. Keep your head down.
The netherlands has a higher population then NZ
@@danpop1235 I thought the Netherlands was flat.
@Xalta, you are a kiwi you have no right to speak on Euro politics (I don’t inherently disagree with you in this case, but it’s just not your place to speak on such things).
What a tight a...@@katelawyer3689
NZ has huge drinking water pollution problems due to obscene levels of irrigation and fertiliser application, Local Government (Councils) are mandated by Central Government to chlorinate water supplies to achieve a potable standard. Our waterways are also polluted.
Farming practises in NZ over the last 50 odd years have changed New Zealand forever. 8:08
As a European traveling the country with my family I have to say it's pretty sad to see how Kiwis treat their nature. They are rightly proud of their wonderful country but agricultural and forestry practices are abusive.
@@larshoffmann2798if you dont like it you can leave. I'll pack your bags for you.
I'm a kiwi. Here is how rich NZ is. The capital city has a failing water infrastructure with 40% of the water supply leaking on to the streets. The county has a housing market that is a struggle to get into without a loan from a relative or two. High food prices, high mobile data prices (like, 20 NZD for a 1G sometimes), ferries that are 30 years old and a government that refuses to invest in any infrastructure besides a road, a health care system that is failing due to staff shortages and insufficient investment. Domestic flights that are around 30 mins can cost over $1000 NZD. Add income inequality to the mix and what you have is a country that doesn't feel rich for the average kiwi. Granted, NZ is definitely richer than many countries, but NZ has this reputation of being a paradise, and it just isn't. It's good. But, it has serious problems like any country.
We have been abusing the land since we arrived in this wonderful country and that's what we achieved!
@@larshoffmann2798what's this we business. You stated you're a tourist travelling with your family in another comment. Take your negativity out of our country. We don't need you.
you know a lot of that reminds me of my country, canada
expensive housing? for the major cities, check
high food prices? you can thank our grocery store monopolies for that
high mobile data prices? we have one of the highest in the developed world
@@iwuedfhCanada and NZ share many of the same problems, which is why NZ is bleeding skilled workers and capital to Australia and the US who leave and never come back
We have people making the NBR rich list just from owning one supermarket. I have no doubt the country is rich it's just a matter of where it's all going.
4:10 spot on New Zealand satire accent
So glad he didn’t try an Aussie accent and pawn it off as a Kiwi accent
It really is, you can tell this guy listened to other Kiwis.
Nah listening to Americans trying to do a Kiwi accent is torture to me
@Xtraqk220 Hoser is Canadian, if that makes you feel better 😅
@Xtraqk220I didn’t say it was accurate but it was a good satire of it. Most North Americans aren’t even familiar with the kiwi accent and when they have heard it and try, it’s always an Aussie accent. This was noticeably kiwi but exaggerated.
New Zealand is the absolute opposite of our Dutch Zeeland, in NZ there are young people, in Our Zeeland there are only old men
It's NEW Zealand, of course the people will be younger. Perhaps if you guys renamed Zeeland to Newer Zeeland, you will have younger people.
@@forestreee then we can become Newest Zealand to become younger too, then the dutch can rename theirs New Newest Zeeland and bada bing bada boom infinite prosperity 😎
dutch zeeland is the world's number 1 consumer of viagra
Not for much longer. Our current governments policies are driving the biggest wave of emigration in decades.
@@forestreee Or just change the name to Zeewereld. That sounds newer already.
The fact that we get free videos on UA-cam by Hoser is truly a gift; keeping education and knowledge alive. 👏🙏🏾🤷
May I also remind you of the fact that for centuries, here in the Asia-Pacific region, the vast majority of the population in vast bountiful resourceful Australia & New Zealand, tens of millions of Europeans were from all over Europe brought in over to the Asia-Pacific, the motherland of Native Asian-Pacific people.. Just saying.
👏🙏🏽
I learn a lot from Hoser.
No doubt, Slavery, Genocide, Colonialism & Colonization are all evil things done and benefited by evildoers.. For instance, here in Singapore, a tiny island with 6 million souls lives like sardines in a can, whereas elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants.
A similar situation in tiny and packed Japan, which is running out of space and land. Do you know that their living room and bedroom are the same place, and that most Japanese people sleep in their living room?
Like I said, Slavery, Genocide, Colonialism & Colonization are all evil things done and benefited by evildoers.
Here in Singapore, a tiny island with 6 million souls lives like sardines in a can, whereas elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants.
A similar situation in tiny and packed Japan, which is running out of space and land. Do you know that their living room and bedroom are the same place, and that most Japanese people sleep in their living room? 😔
@@Yadayadayada-su7wo My jaw dropped as I learnt in Singapore, a tiny island with 6 million souls lives like sardines in a can, elsewhere in nearby vast bountiful Australia which is ten thousand times 10,000 bigger with a mere 27 million inhabitants.. It is a jaw dropping sad truth. 🤷
New Zealand is lowkey an absolute mess at the moment which is sad. The country has potential to be great, but is just held back.
"We gotta sell more milk to China..... Yeah but what about democracy" :D
This sums up our politics pretty well
Lets face it, we can tell China all we want that they need to treat people better, especially the minority groups, we could even threaten to stop trading with them, do you think they would care? Not at all, they will do as they want and there is nothing we can do about it, so why even try?
Just to add: scrapping the subsidies (in 84 I think) was the best thing to happen, thou it didn't feel like at the time.
What helps the farmers being so good there (in my opinion) is the training that is on offer. Right from the start of ones career there are very good courses. There are discussion groups all over the place for local farmers to attend for free. The banks (in general) have an understanding of a farms cashflow. I now live in the UK, there are these things here, no where near as common or the standard.
I love the little eating sound and animation china bear has its so cute
My regional security courses in university : there is no country in the world that can even come close to being completely food secure. New Zealand just silently exist being almost completely food secure. 🤔🤔🤔
It depend on what your criteria for "food secure" is. If it just mean enough food to survive, then a lots of countries can do that. However, if you also want variety, then yes, no countries can have food secure, even NZ.
When you are size of Japan, Italy or UK with population of 3.5 mil. it is not hard to be food secure.
@@mladenmatosevic4591 5 million (although i admit its still tiny lol)
@@mladenmatosevic4591 We haven't had 3.5 million people in a long time.. something like 1.2 million immigrants in the last decade alone
@@JimmyWelds 5.3 apparently and a third are immigrants.
And yet it still costs $10 NZD for a block of cheese here :/
And that’s the cheapest cheese
where are you getting a $10 block of cheese even the budget shit at woolworths is $11 nowadays for me
@@joshs7276 haven't had cheese in a bit 😅
I've forgotten what it tastes like
@@joshs7276 Shopping at Woolworths is your first mistake. If you don't have a Pak n Save near by, fair enough, but if you have a choice, you're paying 10-25% extra for no good reason
As a Kiwi, I'm happy that people are recognizing us more.
What a banger! Keep the good work up!!!
If only i could tell you about our infrastructure issues.. it takes 50 years to build a motorway
why use multiple logins ?
in case ur banned?
@craig3916 huh?
@@TheLIMREPORTNah fr though the bus route to college I take has a busy road that has needed repairs like 4 times this year💀💀
The infrastructure is actual trash in NZ
Yeah. Big (ish) country, few people. Never going to change. Although I think it was a massive mistake to privatise rail and send everything by road now. I reckon don't build motorways, incentivize people to move to the provinces instead - spread them out.
@@TheLIMREPORT See further down @DavidLimofLimReport
As a kiwi myself, I can definitely see our agricultural industry continuing to grow and increase even during times of economical hardship. There has always been a strong attitude in here, especially amongst the farmers that "She'll be right, mate" and to make do with what you have. This is probably a big reason behind our success, we just put our heads down and get on with the job.
Also, in regards to us being so good at producing food that we export the surplus, exporters strongly priortise exporting the high quality and "best" products to such a degree that there is a common sentiment around here that the meat we get in our supermarkets is actually not very good at all and turn to local butchers more and more.
Which is great for local butchers and the smaller farmers that supply them.
We're so successful with farming here in NZ that we can sell all we like to everybody else, then jack up the prices of what's left for the poor buggers living here. As a New Zealander, it fkn boggles my mind that despite out agricultural successes, we're left with higher grocery bills than ever before. Like how the hell is our produce being sold cheaper overseas then it is on our own bloody back yard!?
There are some flaws with NZ,
Its very centralised around Auckland, so if you don’t live there, you’re at a disadvantage professionally, and it also means country-wide wealth distribution is concentrated in Auckland
Theres no real intercity public transport, you’re options are to fly, drive or take an expensive pre booked coach.
The road network is awful, there have only been intercity motorways completed within the last few years, and even then they’re only dual carriageways, not full motorways.
Most places, especially coastal cities and towns, have only a few roads in and out, meaning if one road is closed the effects are drastic, as we saw with cyclone gabrielle, just because one single road got blocked, whole towns were cut off
There are no trains, apart from a handful of metros in wellington and auckland, again, no intercity rails, even though NZ used to have passenger rail everywhere.
The inter island ferries are owned by the national rail company of all companies.
And just as a social issue there are no people, so its easy to feel lonely, and pretty much every is closed and dead by 10pm, in europe we could go literally all night and still find people absolutely everywhere with so many places still open
edit: forgot to mention, we over-export most of our agricultural products. Considering NZ is an agricultural nation, i find it really stupid that we still have some of the most expensive dairy, meat, and produce in the world, despite us literally making it everywhere locally.
I live in southland, I don't find myself disadvantaged professionally and down here theres quite a bit of intercity transport in the form of buses. Trains on the other hand are only used to haul raw materials to and from the many dairy and meat plants. Motorways down this far south would ruin us since tractors use the main roads to haul around grass, lime, fertilizer, muck and machinery but I understand up north in the larger population centers, if I'm not mistaken dunedin has a motorway thats not too bad could be wrong though.
IMHO Intercity rail only makes sense if you have extremely large populations, Look at the budget of German or Japanese rail, they match the entire National budget of NZ, NZ Narrow gauge is terrible for passenger trains, it's uncomfortable, loud, and slow (~60km/h), Shinkansen is an entire separate, high speed standard gauge network, it's an extremely expensive investment Japan had to make, to handle 300km/h top speeds, and again, the road infrastructure here is actually *more* developed than most other countries based on the budget and low population. Most of NZ's issue is that wealth is captured in unrealisable property prices, so even if you have lots of wealth, it's useless for buying food.
@@woobilicious. Fonterra supports rail for freight so much so that when the big rail sell off happened they bought rail lines that went past their factories to reduce the cost of moving its goods by using rail.
I commented in another video that having 34% of the population living in 1 city is bad for the country & I got torn to shreds. My argument that a disaster like Christchurch's earthquake hitting Auckland would devastate our economy & leave nearly a million people homeless. All I got back was, "Where are the jobs outside of Auckland?", "If we moved jobs out of Auckland it would push up costs due to having to transport parts all around New Zealand to be assembled then transported back to Auckland for sale or export." The video was about Auckland imposing new housing development restrictions due to a water supply shortage so it's over population has reached a deadlock already..
Yeah don't come to NZ it's poor and sucks to live here.
It's funny that the price of food in NZ supermarkets is still insane. Apparently more then Australia
We have one of the most open economies in the world so are the first to go into a recession when global trade declines.
I'm a kiwi who works in lamb and beef industry, I can tell you a lot of our farmers are planting trees all over our fertile farming land. It is a crazy time to be alive.
why are they doing that
@@captainwheelbarrow649 Debt is the main factor, A lot them barely break even most years due to ever increasing operating costs and govt regulations and I would say the other big factor is greed, some have figured they can make good sum of money sequestering carbon in trees with little to no work involved.
@@johnocooper4747 Thanks!
Thank you hoser for making my country on a UA-cam video
I think overall this was a well balanced commentary.
Another advantage New Zealand has is its isolation and short history of human settlement, meaning that a lot of dangerous diseases and parasites (like mad cow disease) simply don't exist there. Not having to spend money on testing and screening for these things while being able to guaranty their products safety to foreign buyers is a huge boon. I remember a health scare years ago with contaminated baby formula milk powder, everyone was buying the New Zealand import because it was safe, you couldn't find it anywhere, people with friends and relatives in NZ were getting them to mail them some, it was that bad!
I wish it didn't cost $40 for a leg of lamb in nz...
unfortunately new zealand gets both shitty quality and expensive food, probably because it's less profitable to sell food inland
Only $40? At my local supermarket the cost $60
Found one for $25 at Pakky the other day. New World been having some good meat specials recently too
$30 (£15) here in London, Kai pai for Kritimiti.
@@janea3601 a full 25% of our country is now completely reliant on food banks as of a month and a half ago. But when your housing is 75% to 80% of your entire income...
I don't know who needs to hear this, you've got to stop saving money. Invest some part of it, if you really want financial freedom.
Invest in bitcoin, gold, silver, buy stock, forex market, commodities. Just invest and save yourself.
Good talk, I tell my friends everyday. It's good to save money but gotta have that investing spirit if you really want financial freedom
What if you don't know how to trade any of these?
I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration....
Flocking brilliant piece of analysis. well done!.
Those cows are fucking ludicrous, i love them
Sucks when they shit on you though.
Man if New Zeeland ever get 1# in Kiwi exports it would be the funniest thing ever
it is
I think we are.
They should do it, you know, just for shits and giggles
Ok I just google it and they actually are the #1 kiwi exporter, 3x as much as the next country
There's a reason it's called kiwifruit y'know, because it looks like our national bird. we had control over what it was named because we produce the most of it.
New Zealand is famous for its relatively small but highly productive agricultural sector, which includes dairy, wool and meat production.
I live in NZ, born and raised here. And a funny thing is, the further away you get from Auckland, the more farmland there is.
I am a little surprised you excluded the wood products portion of the infographic (at 2:30) since NZs wood industry, especially the rough wood portion, is also part of our farming industry. We produce some of the best pine wood in the world because its farmed. Same for the wool portion. Thats just part of our sheep farming.
Actually, the span tables for timber had to be revised, as timber is more commonly grown on fertile farmland now, rather than sparse hills, as were planted out in the Depression, so more recent timber has less dense rings, so is not as strong.
Just a thing about the milk exportation, New Zealand is responsible for something close to 35% of all the dairy exports in the entire world
And yet we pay outrageous prices for our food here as it's mostly exported.
as a new zealander i had to like your video when you tried our accent
Did you know that about a year ago, an onion from NZ shipped allll the way from here (NZ) to the UK was CHEAPER by almost 40% than in NZ.
Great place. Expensive to live there though.
Yeah, it's tough for the younger generations, literally no hope of getting a quality life with even the average salary
Damn I just rewatched your China videos all about how when you mess up the agriculture, you mess up the country.
Perfect timing!
Amazing you showed SaltStick fast chews. Those are such a niche peoduct, but absolutely life changing for preventing cramps and replenishing electrolytes. How random! The peach ones are like my favorite candy.
Funny thing is I’m in China right now and the food here is SO much cheaper than my any meal I have in NZ despite how much food our country produces.
This is actually a great video on nz economics covers many of the topics taught at Uni level here
Great video and good point on having a different outlook on economic progression around comparative value generation.
Me watching this at work and getting paid for it
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As a New Zealander this video is a win
The problem is that most farming coutries only the land owners and big monopolies are rich, the rest of the population strives.
Successful is arguable. Not failing yet seems more accurate. Non-refining, service and export based economy is not the best long term outlook, but it's difficult to see a fix that doesn't involve a time machine.
Missed these country specific videos.
Agricultural economies can become rich if they export their goods and rise up the product value chain