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  1. Dairy conversion has caused and escalation of land prices.

    The banks are an intergral part of this promotion as they profit immensely from that escalation and the issuing of new money ( free to them ) for heavy mortgages based on promises of profit.

    That profit from dairy intensification does not address the damage done to the environment but banks and Fonterra do nothing effective to stem the tide of this ponzi promotion of dairy intensification often coupled with irrigation.

    The bankers have control of NACT and to a large extent the Labour camp as well.

    You can’t help but notice that NACT did nothing to address the intensification problem but actually use tax payers money to assist and promote further irrigation and dairy intensification along with muzzling Conservation and forcing political end on Govt Depts.

    The banking bonanza is never mentioned but is the likely driver.
    Billions have been sucked out of Kiwi pockets and sent to the overseas owner of banking. The taxpayer Kiwi is left with the mess much of which is practically irreversible.

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