A new study commissioned by Trust Tairāwhiti shows that wider access and use of irrigation water could significantly boost the regional economy, create jobs and help landowners make the most of their whenua.
The ‘Assessment of Economic Potential of Irrigation Water in Tairāwhiti’ report, prepared by the Agribusiness Group and Aqualinc, found that only around 10 per cent of land suitable for irrigation currently has access to water. With the right infrastructure and systems, irrigation could unlock hundreds of millions in value for the region.
The report supports the ‘Water for Economy’ strategic priority in the Tairāwhiti Economic Plan - to grow regional GDP by supporting high-value crops, unlocking the potential of whenua, and encouraging investment in resilient water systems.
The study shows that improved irrigation systems, such as water storage dams and managed aquifer recharge, and a shift towards high-value horticulture could:
- Increase regional GDP by over $400 million a year
- Create nearly 2000 jobs
- Lift household income by $70 million.
It also modelled that the full potential of all land that is suitable for irrigation, regardless of current water availability, would be an increase to GDP of $4.9 billion.
Hayden Green, General Manager Economic Development at the Trust, says achieving the potential outlined in the report will take time and a collaborative approach.
“With the right planning and partnerships, we can build and grow a resilient horticulture sector and broader economy that makes the most of our natural resources.
“Water is one of our most valuable resources. This report builds a strong case for investing in water infrastructure and the significant impacts it could have for Tairāwhiti,” he said.
The full report and a summary document are available on the Trust website.