PM Edition: Top 10 Business Articles on LiveNews.co.nz for September 10, 2026 – Full Text

Source: BusinessNZ

The latest BusinessNZ Planning Forecast shows that New Zealand’s economy has regained its momentum, with solid growth forecast through to 2028.

BusinessNZ Chief Economist John Pask says despite an earlier dip, the economy is showing resilience across a range of indicators.

“The ongoing conflict in the Middle East and heightened geopolitical tensions elsewhere continue to have an impact, but New Zealand’s economy has fared better than expected with annual growth nearing three percent by 2028.”

Pask says while uncertainty surrounding the upcoming general election has made investors more cautious, it hasn’t materially affected investment behaviour yet.

“Businesses are conscious of the risks both at home and abroad, but for the most part are getting on with business. Confidence is holding up, credit activity is increasing and both the Performance of Manufacturing Index and Performance of Services Index have returned to expansion.”

Sectoral performance is also improving. Agriculture remains the standout performer, supported by strong international commodity prices, while manufacturing, construction, tourism and services are showing signs of recovery.

Pask says growth is becoming more broadly based.

“Manufacturing has strengthened considerably and tourism is moving beyond its post-Covid recovery into a genuine growth phase. New Zealand’s substantial infrastructure pipeline should also create opportunities for domestic and international investment over the coming years.”

Inflation remains a concern, particularly given elevated fuel prices and other persistent cost pressures. However, inflation expectations have eased and headline inflation is forecast to move back within the Reserve Bank’s target band during 2027.

Pask says while the near-term direction is encouraging, sustained growth will depend on New Zealand addressing deeper structural and long-term challenges.

“Our three-year electoral cycle can encourage short-term thinking and policy reversals, our ageing population has major implications for how retirement incomes and healthcare will be delivered and funded, and an increasingly complex geopolitical environment leaves New Zealand exposed to decisions made by major international players such as the United States and China.

“How we respond to these issues now will determine whether we can secure stronger, sustained growth over the long term.”

The BusinessNZ Economic Conditions Index (ECI) is a measure of some of NZ’s key economic indicators. It sits at 13 for the September 2026 quarter, up 13 points on the previous quarter, and up 10 points on a year ago. An ECI reading above 0 indicates that economic conditions are generally improving overall; below 0 means economic conditions are generally declining.

The full Planning Forecast for the September 2026 quarter is available now at BusinessNZ.

Notes to editors:

• The BusinessNZ Planning Forecast is a quarterly assessment of New Zealand’s economic outlook, drawing on more than 30 economic indicators and forecasts from major banks. It includes the BusinessNZ Economic Conditions Index (ECI), which tracks changes in economic growth, monetary conditions, business and consumer activity, and the labour market. A reading above zero indicates improving conditions, while a reading below zero signals an overall decline.
• The BNZ-BusinessNZ Performance of Manufacturing Index (PMI) and Performance of Services Index (PSI) are monthly surveys providing an early indication of activity across New Zealand’s manufacturing and services sectors. A reading above 50 indicates the sector is generally expanding, while a reading below 50 indicates contraction. The further an index is from 50, the stronger the expansion or contraction.
• The BusinessNZ Network including BusinessNZ, EMA, Business Central and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

• The 15th ZTE Global Summit & User Congress officially opened in Kuala Lumpur, Malaysia, co-located for the first timewith the GSMA M360 ASEAN
• Ministerial leaders from Malaysia, the Chinese Ambassador, GSMA leadership, global operator executives, and industry partners jointly explored network evolution, AI-driven innovation, and digital economy prosperity
• ZTE showcases full-scenario AI network solutions, the TCO-optimal AI Factory, and innovative AI devices, mapping out an end-to-end commercial roadmap

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 9 September 2026 – ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, officially opened the 15th ZTE Global Summit & User Congress today under the theme “Architecting Infinity–From Connectivity to Digital Value”. Co-located for the first time with the GSMA M360 ASEAN, this event marks ZTE’s largest annual overseas self-hosted forum. It gathers over 500 distinguished participants, including government officials, ICT industry leaders, operator executives, innovative enterprises, and ecosystem partners, to engage in deep discussions on future network evolution, the integration of AI and digital innovation, and regional digital economic growth.

YB Dato’ Seri Fahmi Fadzil, Minister of Communications, Malaysia, emphasized that Malaysia’s next digital phase must move beyond connectivity deployment towards creating tangible value through better public services, stronger businesses and greater opportunities for Malaysians. Calling on global technology partners to “not only sell into Malaysia, but build with Malaysia,” he highlighted the importance of developing local talent, strengthening national capabilities and fostering innovation that can serve the wider ASEAN market.

YB Gobind Singh Deo, Minister of Digital, Malaysia, pointed out, “Malaysia’s next phase of digital competitiveness hinges on translating artificial intelligence into tangible economic and societal value, boosting productivity, improving public services and opening higher-value opportunities for our people. To become an AI Nation by 2030, we must look beyond infrastructure to cultivate local talent, foster trusted governance and empower homegrown innovators to scale global solutions.”

Ouyang Yujing, Ambassador Extraordinary & Plenipotentiary of the People’s Republic of China to Malaysia, noted, “Connectivity defines our era, and innovation shapes our future. While digital networks bridge the world, AI is powering a new era of shared prosperity. Embracing the global digital wave, China champions growth that is open, inclusive, secure, and mutually beneficial. We stand ready to work with global partners to deepen tech exchanges, drive industrial synergy, co-create standards, and unite in collaborative governance.”

Xie Junshi, Executive Vice President and Chief Operating Officer of ZTE, delivered a keynote address on behalf of the organizer. He noted, “Across the globe, connectivity and computing are coming together. This is a major industry trend. Global 5G keeps expanding with steady growth. At the same time, AI has become a key growth driver for the industry. Different markets move at different paces, yet we all share one clear direction: from building computing power, to making good use of computing power.

Against this market backdrop, ZTE has upgraded our strategy to Connectivity plus Computing. We see AI as the brain, communication infrastructure as the nervous system, and terminals as the carrier. When these three elements come together, they will reshape our society and daily life. Solid underlying technologies are our foundation. This defines where we are heading.”

He emphasized: “Connectivity built our foundation. Intelligence is our momentum. Infinity is our horizon — and together, we will Architect it.”

Zhang Wanchun, Senior Vice President of ZTE, delivered a keynote speech titled “A New Phase of Digital Infrastructure”. In his speech, he emphasized, “Our quest is a four-fold journey: vision means finding our long-term direction, volume means deploying innovations with scale and quality, value means turning the infrastructure into value-creation systems, and venture means pushing boundaries even further.”

During the summit, ZTE comprehensively demonstrated AI-empowered and redefined connectivity, efficient Token production, and value realization, mapping out a commercial roadmap from connectivity and computing infrastructure to scenario-based terminals.

Deepening Infrastructure Construction: Building AI-Native Network and Computing Power Foundations

• AIR MAX three-layer systematic upgrade architecture: ZTE AIR MAX builds the optimal solution for mobile networks in the 6G+AI era, completing network upgrade from AI enhancement and single-scenario intelligence to full-scenario AI-native intelligence, connecting traditional traffic economy with the new Token economy. ZTE AIR RAN, based on a fully digital infrastructure, includes site intelligence and network intelligence to enable experience monetization and efficiency improvement with 4 Turbos (Experience, Spectrum, Energy and O&M), increasing revenue and reducing OPEX. ZTE AIR Net adopts a full-stack AI architecture and a “1+N” model matrix, leveraging large language models and intelligent agent technologies to help operators achieve L4 and above high-level autonomous networks. Meanwhile, ZTE AIR Core drives a paradigm shift from traditional “connectivity pipes” to intent-driven intelligent services, integrating AI, computing, data, and security to construct an Agent Service Network (ASN) that empowers individuals, smart homes, connected vehicles, and massive emerging AI agents. For experience monetization, NWDAF and AI-UPF work in synergy to deliver precise service identification with over 98% accuracy, real-time QoE assessment, and dynamic policy adjustments, making premium experiences perceptible and quantifiable. Through ASN, service scope expands beyond humans and machines to AI entities such as home robots, digital humans, and virtual assistants, providing dynamic and flexible networking with trusted identity management for agentic communication. With deep NTN integration, ZTE extends ubiquitous connectivity from terrestrial to space-air-ground integration for remote, maritime, aviation, and emergency scenarios.
• HI-NET and AI All-Optical Network: ZTE’s HI-NET solution leverages AI-powered Scale-Across lossless OTN to deliver zero-packet-loss transmission of training and inference data across thousands of kilometers between AIDCs. Equipped with the industry’s highest-capacity core router with 28.8 Tbps per slot and high-performance 100GE/400GE access and aggregation routers, and combined with AI-driven traffic optimization, security protection and dynamic energy-efficiency optimization, it builds an ultra-broadband, green and intelligent IP network, comprehensively boosting AIDC computing efficiency and accelerating the closed-loop implementation of AI commercialization. ZTE’s AI All-Optical Network solution features the industry’s highest-integration 16-port Any PON 2.0, supporting dual-path, same-capacity smooth evolution to 50G-PON. The industry-first AI Radio technology enables seamless roaming, greatly simplifying campus network deployment. As the industry’s first OLT integrated with a 100T computing card, it enables edge AI computing and real-time network quality analysis, helping operators shift from pipe-based to experience-centric operations.

Unlocking the Token Economy: System-Level Synergy Empowering Computing Efficiency and New Application Paradigms

• TCO-Optimal AI Factory: ZTE’s intelligent computing solution utilizes a full-stack AI infrastructure supported by comprehensive hardware, including AI Compute, AI Storage, and AI Network. By combining architectural innovation with system-level synergy, it minimizes cost-per-token, helping customers build AI factories with optimal Total Cost of Ownership (TCO) and facilitating a shift from “stacking” computing power to “efficiency-driven” performance.
• Token Operation and Ecosystem: ZTE aims to realize the token economy by enabling the full chain of token production, delivery, routing, governance and application, while creating direct token sales gains, indirect operational benefits and ecosystem value.
• Ecosystem Collaboration: ZTE works with global operators, industry partners, and developers to build an open Token ecosystem. By promoting cross-domain interconnection standards and opening API capability interfaces, ZTE accelerates the incubation and commercial deployment of Token-based applications, enabling all ecosystem players to precisely position themselves and share incremental dividends within the intelligent value network.

Innovating Device Experiences: AI Redefines Smart Homes and Diverse Personal Terminals

• AI Home: ZTE builds an all-optical whole-home deterministic network underpinned by three pillars: connectivity as foundation, AI as core, and screens as medium. Its full portfolio, including AI smart displays, AI-powered STBs and IPC cameras, covers entertainment, wellness and home-care scenarios. It delivers diversified business models such as subscription and retail for operators to expand subscriber base and unlock commercial value, making advanced technologies visible, tangible and user-friendly.
• Diversified AI Devices: In the consumer segment, ZTE continued to deepen its “AI + gaming” strategy and introduced two headline gaming smartphones at the congress: nubia Neo 5 GT featuring an active fan-cooling system, and nubia Neo 5 Max, which pioneers the PadPhone category with a 7.5-inch display. Meanwhile, ZTE G6 Ultra, the world’s first 5G-A Wi-Fi 8 CPE, sets a new benchmark for next-generation connectivity. Extending from mobile entertainment to a full-scenario smart life, ZTE also presented a diverse portfolio of innovative AI devices including iMoochi, the lifelike AI pet creating a warm and engaging experience; ZTE TOPFLOW, a live-streaming hub for premium outdoor streaming and mobile productivity; and ZTE U15S Global, the pocket Wi-Fi for seamless connectivity worldwide.

As a vital bridge connecting technology, markets, and the industrial ecosystem, ZTE Global Summit & User Congress 2026 is committed to delivering an innovative and forward-looking industry event. ZTE looks forward to exploring with all industry stakeholders, building COMPETITIVENESS driven by shared VISION, realized through rise of VOLUME, translated into industrial VALUE, and extended via collaborative VENTURE.

Hashtag: #ZTE

Source: Property Brokers

Property Brokers has been named a Consumer NZ People’s Choice winner for Real Estate in 2026, adding another major customer satisfaction award to an already remarkable year for the proudly New Zealand-owned real estate company.

The Consumer NZ People’s Choice award recognises businesses that stand out for customer satisfaction, based on the experiences and opinions of New Zealand consumers.

For Property Brokers, the recognition is particularly significant because it comes directly from the people who have experienced the service firsthand.

And it follows another major customer endorsement earlier this year, when Property Brokers was named Canstar’s Most Satisfied Customers – Real Estate Agents for the third consecutive year.

For Managing Director Guy Mordaunt, receiving recognition from two independent consumer organisations reinforces what Property Brokers has always believed – great real estate ultimately comes down to the experience you deliver for people.

“There are plenty of awards in real estate, but the ones that mean the most to us are the ones decided by our customers,” says Mordaunt.

“To receive Consumer NZ’s People’s Choice recognition in the same year that we were named Canstar’s Most Satisfied Customers for the third year running is incredibly special.”

“These aren’t awards decided by an industry judging itself. They reflect the experiences of everyday New Zealanders who have bought and sold property, and that makes them hugely meaningful to our entire team.”

Consumer NZ’s 2026 real estate research asked more than 3,000 New Zealanders about their experiences buying and selling property.

Agencies were assessed across the areas that most impact the customer experience, including overall satisfaction, professionalism, honest and ethical conduct, responsiveness, property and market knowledge, explanation of the sales process, transparency around fees, and the ease of settlement.

Property Brokers was recognised as one of Consumer NZ’s People’s Choice winners after performing strongly across the measures assessed.

For Mordaunt, the result reflects the importance of getting the fundamentals right.

“People want an agent they can trust, someone who communicates, knows their market, gives them straight advice and is absolutely committed to achieving the best result,” says Mordaunt.

“Those things sound simple, but delivering them consistently across thousands of transactions takes an exceptional team.”

“This award belongs to our people. From our sales consultants and property managers through to our administrators, marketing, digital, training and support teams, everyone has a part to play in delivering the experience our customers ultimately judge us on.”

The Consumer NZ recognition follows Property Brokers’ third consecutive Canstar customer satisfaction win in July.

Canstar’s Most Satisfied Customers Award is also based on independent research with New Zealand buyers and sellers, measuring the customer experience across areas including communication and advice, professionalism, problem resolution, contract handling and overall satisfaction.

Winning both awards provides powerful independent validation of Property Brokers’ approach.

“One award is fantastic. To have two independent organisations tell us that New Zealand consumers rate the Property Brokers experience so highly gives us enormous confidence that we’re getting the important things right,” says Mordaunt.

“But we also see it as a challenge. Recognition like this raises the bar. Our job now is to keep improving and make sure every customer gets an experience worthy of those awards.”

The latest recognition comes as Property Brokers celebrates its 40th year in business.

From humble beginnings in Palmerston North in 1986, Property Brokers has grown to become one of New Zealand’s largest family-owned real estate companies, with a network stretching across provincial New Zealand.

Despite that growth, the philosophy at the heart of the business has remained remarkably simple: put people first and work together to get the best possible result.

Property Brokers’ True Team approach means customers aren’t simply engaging one salesperson. They have the strength of a wider local and national team working behind them, supported by specialist expertise, technology, marketing and an extensive network of buyers.

It is an approach Mordaunt believes continues to differentiate Property Brokers.

“We’ve never wanted to be a collection of individuals who happen to share the same logo,” he says.

“We believe the best outcomes come from people working together. When someone chooses Property Brokers, our whole team is behind them. That has been part of who we are for 40 years, and it will continue to be.”

As Property Brokers celebrates its Consumer NZ People’s Choice win alongside three consecutive Canstar customer satisfaction awards, the message from New Zealand consumers is one the company is immensely proud to receive.

“At the end of the day, our customers decide whether we’re doing a good job,” says Mordaunt.

“To have Kiwis recognise our people and our service like this is something we’ll never take for granted. We’re incredibly proud – and even more determined to keep earning it.”

About Consumer NZ People’s Choice:

Consumer NZ’s People’s Choice awards recognise products and services that stand out for customer satisfaction. Awards are based on customer satisfaction surveys conducted with Consumer members or a representative sample of the New Zealand population.

About Canstar:

Canstar is an independent research and ratings agency. Its Most Satisfied Customers Awards recognise organisations delivering outstanding customer experiences based on consumer research.

Expanding satellite and hybrid IoT connectivity services across the Belt and Road Regions

HONG KONG SAR – Media OutReach Newswire – 9 September 2026 – HKT (SEHK: 6823) – PCCW Global, the international telecommunications service provider under HKT, and Druid Technology Co., Ltd. (Druid Technology), a Chinese mainland provider of intelligent IoT solutions, today signed a Memorandum of Understanding (MoU) at the 11th Belt and Road Summit in Hong Kong. Under the MoU, the two companies plan to jointly deliver one-stop IoT solutions that combine satellite and hybrid connectivity in the Chinese Mainland, Hong Kong, Macao, and Belt and Road regions.

<figure data-width="100%" data-caption="Frederick Chui, CEO, PCCW Global (left) and Li Guozheng, Founder and CEO, Druid Technology (right) signed an MoU at the Belt and Road Summit.
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About PCCW Global

Source: Messe Essen GmbH

Essen, 8 September 2026

The international defence industry trade fair

Civilian and military experts share their knowledge

When the international defence industry comes together for the first time at the Euro Defence Expo (EUDEX) at Messe Essen from 22 to 25 September 2026, the focus will not be limited to technologies and solutions. With the ‘EUDEX Conference by CPM’, the trade fair will feature an exclusive conference format that addresses current security policy challenges and, in particular, highlights cooperation between military and civilian stakeholders. The conference will take place on 22 and 23 September, running alongside the trade fair, and is organised by CPM Verlag.

More than 350 exhibitors from 19 countries are expected to attend the premiere of EUDEX. As a new international trade fair for the defence industry, it brings together companies, procurement organisations, the Bundeswehr, government agencies and other stakeholders in the security and defence sector. The event gains a distinctive profile by being held concurrently with Security Essen. This brings civilian and military security together in a shared exhibition environment—two sectors whose challenges, technologies and solutions are increasingly overlapping.

Think civil and military security together

It is precisely these interfaces that are at the heart of the EUDEX Conference by CPM. Over the course of two days, high-ranking representatives from the Bundeswehr, politics, public administration, industry, the healthcare sector and civil protection will discuss how Germany can strengthen its defence capabilities and the resilience of society as a whole. The range of topics extends from civil-military cooperation and developments in military strategy, through crisis prevention and healthcare, to innovations in security preparedness and NBC protection.

The event kicks off on 22 September with a keynote address by Retired Lieutenant General Alfons Mais, former Inspector General of the Army. Under the title ‘Rethinking Total Defence’, he will focus on civil-military cooperation as a precondition for national resilience. The programme will then go on to explore, amongst other things, the potential that civilian and military actors can unlock for one another and how cooperation must work in real life in the case of an emergency. Participants in the panel discussions include State Secretary Paul Höller from the North Rhine-Westphalia Ministry of Economic Affairs, Industry, Climate Protection and Energy; Lieutenant General Thorsten Poschwatta, Commander of Air Component Command; and Udo Schröder-Hörster, full-time member of the regional executive board of Johanniter-Unfall-Hilfe e.V., North Rhine-Westphalia regional association.

From NATO strategy to crisis management: a focus on resilience

On the second day of the conference, the focus will be, as well as other topics, on NATO’s military-strategic development, healthcare provision in times of crisis, and cooperation between the state and industry in the field of security prevention. Speakers will include, for example, retired Air Force Lieutenant General Jürgen Knappe, former Commander of the NATO Joint Support and Enabling Command; Gerd Friedsam, former President of the Federal Agency for Technical Relief; and Niklas Kull, Head of Development & Testing at Kärcher Futuretech GmbH.

Julia Jacob, Head of Project at Euro Defence Expo: “The current challenges show very clearly that civil and military security can no longer be considered in isolation from one another. This is precisely where EUDEX comes in. Together with Security Essen, we are creating a space where stakeholders from both sectors can meet, learn from one another and identify specific areas of overlap. The EUDEX Conference by CPM brings this vision to the fore and offers our trade visitors further opportunities for discussion, networking and new approaches to solutions.”

Free to attend – advance registration required

The full programme for the EUDEX Conference by CPM, including all topics, speakers and times, is available on the EUDEX website at https://www.eurodefenceexpo.de. Attendance at the conference is free of charge for registered EUDEX visitors. Advance registration is required to visit the trade fair. Important: A ticket for the Security Essen event, which is taking place at the same time, does not grant access to EUDEX.

Source: Federated Farmers

For the first time in a quarter of a century, Federated Farmers has something positive to say about the Labour Party’s climate change policy leading into a general election.

The grassroots farming organisation is welcoming comments from Labour leader Chris Hipkins that his party will not campaign on taxing agricultural emissions.

Feds is also backing Labour’s plans to tackle the incentives driving productive farmland into forestry, but it has serious questions about wider plans for the Emissions Trading Scheme (ETS).

“The Labour Party has campaigned on taxing farm emissions in some form in every election since 2003,” Federated Farmers climate spokesperson Richard Dawkins says.

“Credit where credit is due, they’ve clearly listened to farmers’ views, looked at the evidence, and been open to changing their position. That’s a significant policy shift.

“We now need Labour to go one step further and categorically rule out any emissions tax on farmers as part of potential coalition negotiations.”

Dawkins says the change hasn’t happened by chance.

“For the last three years we’ve hosted an annual two-day meeting with the Labour caucus to build their understanding of these kinds of issues,” he says.

“It should come as no surprise that climate policy, particularly issues around methane and forestry, have been a major focus of these meetings.

“We’ve also worked hard to get Labour leaders out on farm to see the impacts of whole-farm carbon forestry conversions with their own eyes.

“That work has clearly had an impact that’s now flowing through into Labour’s policy.”

Dawkins says Labour is right to recognise the current ETS settings can make planting exotic forests more attractive than producing food.

“It’s really encouraging to see Labour acknowledge the current settings can incentivise the loss of productive farmland to exotic forestry.

“We support Labour’s commitment to pause new forestry registrations, review forestry’s role in the ETS and develop rules to prevent whole-farm carbon forestry conversions.”

Dawkins says Federated Farmers isn’t opposed to production forestry, or to farmers making their own decisions about how their land is used.

“We strongly support property rights. If forestry genuinely is the best use of a particular property, farmers should be able to make that choice.

“Our concern is when the ETS artificially tips the scales towards whole-farm conversion because the financial returns from carbon outweigh the returns from producing food.

“That is a distortion created by policy – and it desperately needs fixing.”

Dawkins says Federated Farmers is also open to reviewing the wider role of forestry in the ETS, but Labour must be careful about throwing the baby out with the bathwater.

“We agree with the underlying problem identified by the Parliamentary Commissioner for the Environment, but that doesn’t mean we automatically agree with every recommendation.

“We would favour a more targeted approach, particularly to exotic plantation forestry, rather than simply writing off all exotic species.

“There are forms of planting, like spaced poplars and willows, that can deliver real on-farm benefits, including erosion control, alongside carbon sequestration.

“We need an ETS that recognises those wider environmental benefits rather than treating every tree as if it’s the same.”

Dawkins says any changes must also protect farmers who’ve already made decisions and investments under the existing rules.

“Farmers who have acted in good faith and invested under the current ETS settings shouldn’t be left carrying the can when governments change the rules.

“Any reform needs to provide certainty and avoid retrospectively undermining existing registrations or investments.”

Dawkins says the bigger concern is Labour’s commitment to use the ETS to put New Zealand on track to meet its existing and overly ambitious Paris Agreement targets.

“Fixing the forestry problem is one thing, but using the ETS to pursue an unchanged Paris target at the same time is another. It’s a serious risk for New Zealand.

“If we remove a major source of cheap units from the ETS while continuing to chase the same level of emissions reduction, there’s going to be a lot of economic pain.

“The obvious risk is a much higher carbon price and much greater pressure on the rest of the economy – including energy, fuel, and food production.

“That could be bad news, not only for farmers, but for everyday Kiwi families who are already struggling with cost of living.”

We need to be very careful that fixing one distortion in the ETS doesn’t simply create another, Dawkins says.

“We can’t just lump the costs of unrealistic climate ambition on hardworking families, farmers and other productive business who keep our economy moving.

“New Zealanders want to see an emissions policy that actually works for our country, our communities, our economy, and the environment.

“That means recognising the difference between long-lived carbon dioxide and short-lived biogenic methane, and protecting our ability to keep producing food for the world.

“Labour has put some good ideas on the table around emissions and forestry – and we welcome that as an incredibly positive step forward.

“But before anyone starts celebrating the ETS as fixed, we need to see much more detail on how the wider system would work and what it would mean for farmers.”