Economy
The Canterbury region’s economy is diversified into agriculture, industry, fishing, forestry, tourism and energy resources such as coal and hydropower. Its agriculture sector is also diversified into dairy farming, sheep farming and horticulture particularly viticulture. The strength of the region's agricultural economy is displayed every November at the Canterbury A&P Show. The show coincides with the regional anniversary day and Cup Week. During the interwar period, agricultural productivity was boosted by the introduction of mechanization, lime and the improvement of seed stocks. Canterbury is also New Zealand's main producer of cereal crops such as wheat, barley and oats. As of 2002, the region produced 60.7% of the nation's supply of wheat, 51.1% of its barley stocks and 43.7% of its supply of oats.
The region's viticulture industry was established by French settlers in Akaroa. Since then, wine-growing is concentrated into two regions: Waipara and Burnham. Recently there have been vintages from plantings from Kurow further to the south. White wine has typically predominated in Canterbury from Riesling, Sauvignon Blanc, Chardonnay, Gewürztraminer, and to a lesser extent Pinot Blanc and Pinot Gris. Pinot Noir has had some success in the province particularly in Waipara.
The sub-national GDP of the Canterbury region was estimated at US$15.074 billion in 2003, 12% of New Zealand's national GDP.
Read more about this topic: Canterbury Region
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—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)