Hebetate – to make or become dull or obtuse; having a blunt or soft point.
Farming couple move south to live dream – Collette Devlin:
Hannes and Lyzanne Du Plessis travelled to New Zealand from South Africa eight years ago with their child, a suitcase and only $20 in a bank account.
Six weeks ago, they moved to Southland with their three children to contract milk on a dairy syndicate managed by MyFarm at Edendale.
“We had no idea our lives would go in this direction,” Mrs Du Plessis said. “We want our story to inspire others. You do not need a lot of money or experience, because the opportunities to live your dream are all here within the New Zealand dairy industry.” . . .
Self-shedding dorper sheep a growing breed – Collette Devlin:
The dorper sheep, a common sight in most parts of the country, was introduced to New Zealand by a Southland breeder, but it remains a rare breed in the region.
There are 45 registered breeders in New Zealand but only four of these are registered in Southland, the New Zealand Sheep Breeders Association reports. Two are in Gore, one in Balclutha and one in South Otago . . .
Problems facing new grain and seed head – Gerald Piddock:
Ian Mackenzie has taken up the chair of Federated Farmers Grain and Seed at a tumultuous time.
He comes into the role after a tough few years for grain farmers with a grain surplus keeping returns low for many of them . . .
A total of 111 farms changed hands last month, 30 more than in June
last year, according to the Real Estate Institute of New Zealand
(REINZ), with nearly half the sales coming in Canterbury, Otago and
Southland. However, REINZ says the median price per hectare is now at
its lowest level since July 2004.
The June sales included 13 dairy farms and 59 grazing properties and
compares with the 81 farms that changed hands in June 2010, 80 in June
2009, 216 in June 2008, 212 in June 2007 and 158 in June 2006. . .
Radicalsim from the far right – Tony Chaston:
Don Nicolsons foray into politics from a Federated Farmers background
is not new, as many well known politicans have started their political
career via this way.
Just how successful he will be only time will tell, but it is
interesting to note that Bruce Wills the new president has already
stated that his style will be less divisive. Is the political following
by farmers changing, and are they moving further to the right and away
from ther traditional National Party roots? . .
A subsidiary of global food giant Nestle says it is taking a minority stake in Vital Foods, a New Zealand company that specialises in developing kiwifruit-based “functional foods” solutions for gastrointestinal conditions.
Terms of the deal have not been disclosed, but Nestle Health Science said in a statement that it would take a seat on the board of Vital Foods “to help steer future product development as well as commercial strategy”. . .
It’s time for some friendly persuasion – Jon Morgan:
Bruce Wills has the creased features of an outdoorsman and the dirty fingernails of a farmer who just a few hours before was dagging lambs in the Hawke’s Bay hills. But seated in the Wellington head office of Federated Farmers he looks at home in a suit and tie.
He is a model of the modern farmer – university educated, highly numerate, literate, articulate and computerate, and an agricultural jack-of-all-trades, handy with hammer, fencing pliers, shearer’s handpiece, drenching gun and team of dogs.
Now he wants to add political lobbying to his skillset – the tramping of corridors, handshaking, backslapping, joshing, hard talk, soft persuasion and smiling through clenched teeth . . .
I’ve got farming in my blood – Eleanor Ainge Roy:
Bruce Wills, the new head of Federated Farmers, talks about a childhood spent taming the wilderness, and the price he paid for returning to the family land.
When the Wills family moved onto Trellinoe Farm in the late 1950s, 45km north of Napier, the only accommodation was a tiny rabbiter’s cottage, stuck on the knob of a hill. There were no gardens, no fences, and no grass. Just acres and acres of blackberry scrub, wild pigs and goats.
After more than 50 years of hard yakka turning the land into an 1100ha sheep and cattle station, Bruce Wills says the family is still in the “breaking in” phase.
Wills, 50, is the new president of Federated Farmers, and spent his first week in the job travelling between Rotorua, Wellington, Trellinoe and Hamilton. It was a hectic mix of attending meetings, talking to the media – and sheep crutching on his farm.
Prime lambs return record sale prices – Sally Rae:
Record prices for prime lambs at southern stock sales are giving farmers something to smile about after last year’s shocking season when up to a million lambs died in freezing conditions.
A pen of about 20 Dorset Down ram lambs sold for $223.50 each at a recent Charlton stock sale in Gore. The price was believed to be a record for the saleyards, PGG Wrightson Gore livestock manager Mark Cuttance said . . .
Growth rates beefed up in simple herd home – Sally Rae:
When Mike Elliot could not get the growth rates he desired through winter to finish beef cattle – despite feeding as much as they wanted to eat – he looked for an alternative.
With an 88ha farm in South Otago, although about 11ha of that was in trees, it was a fairly small property and he needed to farm intensively.
But he had a “phobia” about making mud and there were also the increasing costs of planting crops and the amount of time and effort to feed cattle on those crops . . .
Support, direction required for rural sector – Dr Marion Johnson:
Sometimes I completely fail to understand New Zealand. As a nation we trade on a clean green image yet encourage the desecration of our resources at every turn.
We espouse a No 8 wire mentality; yet I wonder how many citizens even know what No 8 wire is? We no longer support innovation, unless it is within a prescribed field and then I would debate the legitimacy of calling such developments innovation . . .
Do you know what a “Bee Road” is?
It’s a wild flower planting on farms to attract & protect Bees. I’ve started my own “Bee Road” sowing a wild flower strip of about 40metres x 10m along a roadside on a pasture based dairy farm. https://www.cotswoldseeds.com/seedmix/wild-flowers-1
It was sown this spring & is now in glorious techno colour. The bees &
insects love it but there have been some problems like the dry weather &
weed infestation. I am justly proud of my efforts but there are frustrations . . .
Farmsafe, in association with Agriculture ITO (AgITO), has launched the Quad Bike Farm
“On average 35 farmers come off their quad bikes every day,” Grant Hadfield, FarmSafe national manager, says.
“FarmSafe and AgITO are committed to reducing accidents and changing attitudes through training on safe quad bike riding practices.”
The Quad Bike Farm Licence is gained through a practical on job training package that covers safe quad bike riding practices as well as teaching participants to effectively identify, minimise and isolate potential bike riding hazards and make safe riding decisions. . .
Labour says its proposed capital gains tax won’t be imposed on the family home or farm homesteads.
But there is a proviso – the area used for business will be liable for the tax.
I don’t know of any farmhouse which isn’t used for business, though just where the line between farm and home is crossed could be debatable.
If a farmer has a bright idea in the bath, or lies awake counting sheep would the bathroom and bedroom be considered part of the business or home?
Farms aren’t the only businesses to be run, at least in part, from home and they too will be hit by the proposed CGT.
Of equal concern is that the tax would effectively reintroduce death duties:
Under proposals unveiled by Phil Goff this week, assets passed on to children would not create an immediate capital gains tax liability. However, Ernst & Young tax partner Jo Doolan said when the assets were eventually sold, the new owner’s liability would be based on the value of assets when it was originally bought, not the value when the asset was inherited.
“Essentially it’s a back-door estate-duty-type tax that’s coming back in” if Labour was elected, Ms Doolan said.
“They’re saying it will only impact on a small percentage of New Zealand, but most New Zealanders, at some stage, will inherit a property or some other assets, and the minute they sell, they are taxed at the original cost.”
Death duties caused lots of work for lawyers and accountants and imposed costs which threatened businesses. Reintroducing them, albeit by stealth as a CGT, would be a backward move.
Wairarapa sheep and beef farmer Anders Crofoot described the tax as “death duty by stealth”.
Mr Crofoot said because of the asset-heavy nature of farming, the industry would be hit harder than other types of small business by capital gains tax, where less capital investment was required.
“If you’re going to whack 15 per cent off that every time it changes hands, it makes that very difficult.”
Mr Crofoot said he believed that in theory capital gains tax could be fair, but once exemptions for different types of assets were introduced, it created a new supporting industry for lawyers and accountants to advise clients on ways to avoid the tax.
CTG in theory isn’t all bad, but Labour’s complicated one is a dogs breakfast which disincentivises business success and directs energy to avoidance.
Every minute of business time wasted on trying to minimise tax liability is a minute not devoted to productive, wealth generating activities.
John Shewan, the chairman of PricewaterhouseCoopers, said the proposals were “manna from heaven” for accountants, predicting a vast body of work for financial planners to advise wealthy clients on how to navigate through the exemptions.
“We’re recruiting, we’re going to triple our staff,” he quipped.
“But in all seriousness, as an overall tax, while there are definitely pros and cons for a capital gains tax, this one is extremely complicated. It’s got some amazing features which I think really bring it down under its own weight.”
A clean capital gains tax with no exemptions, balanced by reductions in other taxes, might have a place.
But Labour’s proposal is for a dirty tax, complicated by exemptions and one which reintroduces death and gift duty by stealth.
Whaleoil has a copy of an email from Labour’s campaign manager Trevor Mallard instructing supporters to ignore the details of the party’s proposed capaital gains tax.
He says people aren’t interested.
Why wouldn’t people be interested when the details show just how flawed the plan is?
Collectables such as art, antiques, stamps and vintage cars won’t be taxed, businesses will.
Cactus Kate calls it the Jenny Gibbs exemption.
Buy something, hold onto it while it appreciates due to a combination of time and luck and you can keep all the proceeds when you sell it.
Take a risk and pour your money, time and energy into a business and you’ll lose 15% of the value of what you achieve when you sell it.
What do we need more of? Collectables or successful businesses.
The answer to that is obvious to all but Labour.