Watching Steven Joyce doing the weekend current affairs circuit describing Labour’s water tax on farmers as economic self mutilation and denying criticisms that National have stolen and subsidised water for their Dairy Farmer mates is evidence of a Government too self interested to think outside their special interests.
National stole democratic water rights from E Canterbury to favour farmers, they sold half our state energy generators to pump $400 million into an irrigation plan so farmers could turn every square inch into bloody dairy farms and the terminal short sightedness in this economic setting will actually doom the Agricultural industry, open the wider NZ economy up to damage and ultimately help contribute to catastrophic climate change.
National have bent over backwards for the farming community at a cost to everyone else and by placing all our cows in one Beijing paddock they’ve left us wide open to serious future shocks.
The first is the deep damage this causes our environment with polluted rivers too dirty to drink or swim in. For those still claiming our emissions are too small globally to be significant as an excuse to do sweet bugger all, the grim truth is that the worse case scenarios when it comes to climate change are increasingly becoming the only scenarios…
David Wallace-Wells’ startling – and unashamedly doom ridden – essay in New York magazine, entitled ‘ The Uninhabitable Earth ‘, has ruffled feathers, reports news.com.
“I promise, it is worse than you think,” he says in the opening line of the article published last week.
Even if Australians manage to survive major cities being in “permanent extreme drought” or poisonous sea “burps” it’s likely we’ll be finished off by “rolling death smogs” or “perpetual war” instead, the article states.
…if environmental doom doesn’t shock you into action against dairy intensification and a demand to protect our fresh water, then what about the inconvenient truth that the current drive to sell raw milk product to China is ultimately a flawed one?
Many dairy farms are in deep debt from cost of conversion and intensification – if China starts mass producing milk powder, it will herald our economic collapse quicker than plummeting housing values.
When China can match our production of milk powder, why would anyone buy it from us? Finished product will have price value, not raw product, yet here we are building an intensified dairy model on selling mountains of milk powder to China when they are close to being able to produce that raw product themselves.
We have gone for the cheapest and dumbest export model and put the dairy industry in debt doing it…
Agricultural debt has likely risen above $60 billion over the last few years as dairy farmers monitor their income before topping up farm overdrafts.
Westpac’s manager of corporate agribusiness at Palmerston North Dave Hutchisonsaid he thought the downturn in dairy returns over the past few seasons had contributed to a lift in agricultural debt.
“A lot of dairy farmers are still in the wait-and-see position,” said Hutchison. “They are waiting for cash to come through and are taking a cautious approach.”
…a sudden and vicious down turn in dairy prices caused by China expanding their own production capacity will be what spooks banks to ramp up their interest rates because of the debt that industry is propped up by, this will have an immediate impact on the housing market and the obscene level of private debt many Kiwis are forced to endure to get onto the property market.
In every possible way to measure it, environmentally, for the health of the industry and the wider economy, National’s crony capitalism focus on helping their farmer mates has endangered our water, their jobs and our entire economy.
All National have done for 9 years is feather farmers nests while shitting in all our back yards. This isn’t economic leadership, it is short sighted and dangerous.