The Daily Blog Open Mic – Thursday 6th July 2017

ByThe Daily Blog

openmike

 

Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.

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6 Comments

  3. DURING THIS ELECTION CAMPAIGN I BET YOU WONT SEE THIS NEW REVIEW TO BE ADOPTED BY GOV’T TO ALLOW THE SALE OF LANDCORP FEATURED IN THE MSM, – SO FAR IT HAS ONLY SEEN ON RNZ NEWS SO FAR!!!!!

    SELLING OF NZ BY THE FAR RIGHT JOHN ENGLISH GOVERNMENT.

    Lying Government sid they would not sell Landcorp.

    Now they were found lying in 2016.

    In 2016 – Landcorp to sell nine sheep and beef farms spread over 14,000 hectares

    Now in 2017 Deloitte report recommends Gov’t sell landcorp!!!!!!!

    The Government use the private corporations and elite to make up false reports to give them “the nod to sell”.

    http://www.radionz.co.nz/news/country/334499/review-advised-govt-to-sell-landcorp

    Review advised govt to sell Landcorp
    1:11 pm on 5 July 2017

    The government has been advised to sell the large state-owned enterprise Landcorp Farming, in a strategic review released under the Official Information Act.

    CattlePhoto: courtesy Beef and Lamb NZ
    The independent financial consulting firm Deloitte did the review in 2014 and under the Act the report has been released to agricultural markets publication AgriHQ Pulse.

    The 100-page report from Deloitte states the asset-rich, cash-poor nature of farm ownership is not well matched to the government’s fiscal objectives.

    It shows that from 1987 to 2001, Landcorp made total operating profits of $144 million and paid $314m of dividends, partly funded by asset sales to the Crown.

    After 2001 Landcorp branched out from sheep and beef and into dairying and deer farming.

    It now has about 140 farms, which were last valued at $1.6 billion, but in the past two years it has not paid a dividend to the government.

    AgriHQ reported that during the period to 2013 Landcorp spent about $180m on capital investment and moved to align dividends with operating profits, with capital from land sales reinvested principally into the development of dairy farms.

    AgriHQ said that this was creating tensions with its government owner, which prefered dividends to be paid before reinvestment and growth in the business.

    The report said there was no compelling reason for Landcorp to be in Crown ownership and private ownership could be beneficial.

    It said another option was the sale to New Zealand investors such as the NZ Super Fund with a management contract.

    Reply

  4. Agreed @ cleangreen – the cry from Nat MPs about Labours inaction and policies just doesn’t wash after ‘they’ have been in government for close on a decade!
    If National were so great ALL the problems should have be fixed by NOW… But things are so, so much worse.
    The only thing National has done over its time in power is LIE to US.
    HOPELESS.

    Reply

  5. Shallow little maggot, this politician really is!!!!!

    Matata mess 12 years later still not solved.?????

    http://www.radionz.co.nz/audio/player?audio_id=201849931

    “Hang on don’t get cross with me” said Anne Tolley to RNZ journalist.

    Ms Tolley said the district council was working through a plan and had spent a lot of time and money investigating the possibility of mitigation.
    “In the meantime it unfortunately allowed … people to rebuild their houses.”
    Some residents were prepared to be bought out and leave, and some had lived there all their lives and wanted to take the risk and stay.
    As the local MP she had met with local residents, whose relationship with the council had been “rather fragile”.

    Are the residents not in a fragile state because of your inaction over the last eight terrible years too???

    Bloody idiot she is, = all care & no responsibility is her method of operation!!!!!

    Reply