Farmshed Economics: The goal posts might shift, but it's still footy

In this edition of Farmshed Economics, we have added a Special Topic on the proposed capital gains tax, titled The goal posts might shift, but it’s still footy.  In it, we outline our thoughts on the Tax Working Group’s proposal.  Note though that we have kept our thoughts at a fairly high level as there’s a good chance that the proposal gets watered down. And let’s not forget, there’s also a chance we don’t see it all. That is, if the Government doesn’t get re-elected in 2020, a National-led government is likely to unwind the changes.

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Nathan Penny

Senior Rural Economist

Nathan's bold predictions and his ability to call it as he sees it sets him apart from other New Zealand rural economists.  In particular, his controversial, but ultimately successful $6.00/kg MS 2016/17 milk price forecast is case in point.

He has a natural talent to distil complex issues and translate them into user-friendly formats for diverse groups, including farmers and financial markets participants.  Nathan brings unique perspectives and thought leadership to the country's rural and broader export sectors.  

Nathan joined ASB as the Rural Economist in 2013, having cut his teeth at the New Zealand Treasury.  He hails from the Kapiti Coast and studied at Massey University where he graduated with a Master of Applied Economics.

Nathan's expertise lie in dairy and other commodity markets, trade economics and economic forecasting.  He's a leading GlobalDairyTrade auction and NZX dairy derivatives commentator and he also authors ASB's monthly rural publication, Farmshed Economics.  

He's a proud Hurricanes and Wellington Phoenix fan, and will gladly discuss at length the Hurricanes Super Rugby 2016 victory.

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