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T a s k S i x . Read the article about Future growth potential in New Zea-
land and choose the best sentence from the list below to fill each of the gaps:
A. New Zealand is a niche player in high value biochemicals that draw on
meat industry by-products such as blood extracts and fine chemicals.
B. Land use changes to dairy and forestry have the potential to lead to fur-
ther reductions in sheep numbers.
C. One measure of growth potential is the difference between the highest
and average performing farm business.
D. There is considerable growth potential in the agritech sector that ser-
vices the meat industry and which is also a major export sector in its own right.
E. One limitation is that New Zealand’s agritech sector focuses on pastoral
rather than the much larger intensive animal industry markets.
It is difficult to forecast the growth potential of the meat industry, given
uncertainties around exchange rates, market access and other factors. A key
issue is the extent to which meat companies can develop and expand high value
opportunities, for example for chilled lamb and for direct marketing of cuts to
restaurants in the US, the EU and other high value markets.
1. … However there are arguments that sheep farming is regaining com-
petitiveness compared to other sectors and that this could end the long-term
decline in sheep numbers and therefore of sheep meat production. Sheep indus-
try productivity gains are likely to be significant and there are growth prospects
in international markets.
2. … MAF has calculated the differences in the profitability of sheep and
beef farms in the top 25% compared with the average for all sheep and beef
farms. The difference between the top performing 25% of farms and the aver-
age is $220. If all sheep and beef farmers were to reach the performance level
of the top 25% of producers this would correspond to a lift in farm gate income
of $1,95 billion per annum.
3. … New Zealand companies compete effectively in niche markets cha-
racterised by economies of scope, demanding customers and leading edge tech-
nology.
4. … Agritech businesses also tend to be small to medium sized businesses
that face high fixed costs of exporting and complex marketing and distribution
challenges.
5. … There may well be great potential from the triangulation of New
Zealand’s agribusiness and meat industry capabilities, modern biotechnology
and high value niche markets.
T a s k S e v e n . Use the verbs in brackets in the correct tense form.
The meat and wool industries (drive) by technological change throughout
their history, with major advances that (transform) the industry including re-
frigeration and (accelerate) conditioning and ageing. Much of the technologi-
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