Neoteric – recent, new, modern; a person who advocates new ideas.
Govt expects money back from irrigation investment – Marie McNicholas:
A promise of $400 million for direct taxpayer-stakes in new regional irrigation schemes comes with a crucial caveat: the Government expects to get its money back.
It has decided to spend the first $80 million setting up a new Crown company to provide bridging finance for irrigation projects to encourage hesitant private investors to take the plunge.
It is the first tranche from the $400 million pool the National-led Government had already earmarked for taking equity stakes in new irrigation infrastructure. . .
“New Zealand is extraordinarily water rich, but we only capture and use about two per cent of annual water runoff, which is absolutely miniscule by international standards,” Water New Zealand Chief Executive, Murray Gibb said in welcoming the decision announced today by outgoing Primary Industries Minister, David Carter. He said Government would earmark $80 million to fund irrigation schemes in the 2013 Budget.
“Large scale off-farm harvesting, storage and distribution water infrastructure for irrigation comes with a hefty price tag. The funding announced today is likely to be a deal maker, bringing planned schemes to fruition. This has to be good news for the New Zealand economy Murray Gibb says. . .
DairyNZ has welcomed the Government’s decision to support regional-scale water infrastructure which will ultimately speed up the delivery of irrigation schemes.
The Government announced today that it will create a company to act as a bridging investor for regional water infrastructure. In addition, $80 million will be set aside in the 2013 budget for water infrastructure projects.
DairyNZ Chairman, John Luxton, says the decision bodes well for the future of dairy farming and its contribution to the economy.
“The dairy industry is committed to sustainable use of water and will be releasing a new Sustainable Dairying Water Accord as well as a wider sustainable farming strategy. But, for continued development of the industry, we need to have confidence that the necessary big regional investments will happen.” . . .
Fonterra Co-operative Group has welcomed today’s announcement by the Primary Industries Minister, David Carter confirming an $80m investment in this year’s Budget for irrigation and water storage infrastructure.
Managing Director Co-operative Affairs, Todd Muller, said the investment announcement, coupled with the establishment of a Crown vehicle to co-invest in water schemes, was an important step towards boosting agricultural productivity and exports.
“Water is fundamental to dairying and agricultural productivity. Enabling a mix of public and private funding will give investors the necessary confidence to push ahead with schemes at the regional level.
“We will see benefits flow through in increased production and export earnings and we will also see the environmental benefits which will come from improved water flows. . .
The first occupational agricultural death in 2013 has the Ministry of Business, Innovation and Employment and Federated Farmers asking farmers to put safety first in 2013 to bring down the farm toll.
“Five people died doing agricultural work last summer,” says Ona de Rooy, the Ministry’s General Manager Health and Safety Operations.
“As summer is a busy time on the farm it is vital to make safety a top priority.”
“Long hours of work in the heat and sun can lead to fatigue, impair judgement and increase the likelihood of an accident taking place,” Ms de Rooy says. . .
Comvita, which uses produces health products from manuka honey and olive leaves, has bought an 85 hectare organic olive estate with potential to expand its production of olive leaf extracts by 130 percent over the next five years.
The price paid for Organic Olives (Aust) by Comvita’s Australian subsidiary is undisclosed. The estate comprises some 7,000 certified organic olive trees, with room for further plantings, and is in Coominya, on the shores of Lake Wivenhoe in south-eastern Queensland . . .
1. Who said: Anyone who doesn’t take truth seriously in small matters cannot be trusted in large ones either.?
2. Lunaria annua has three common names, money tree, silver dollars and what?
3. It’s vérité in French, verità in Italian, verdad in Spanish and tika in Maori, what is it in English?
4. This is the chorus of which song by which singer?
Honesty is such a lonely word
Everyone is so untrue
Honesty is hardly ever heard
And mostly what I need from you
5. Can true love survive without the occasional white lie?
Environment Southland chair Ali Timms has survived a vote of confidence which was called after she made a prank call to Invercargill mayor Tim Shadbolt on a radio show.
The vote was 7-5, which included her own vote.
That means the council is split 6-5 on her suitability as chair which means the council is only just confident.
Tariana Turia has announced this will be her last term in parliament and Te Ururoa Flavell wants to be co-leader of the Maori Party.
That would be simple if it were not for the party’s rule requiring male and female co-leaders.
Flavell can’t succeed Turia and so has to challenge Sharples who doesn’t want to go.
The requirement to have female and male co-leaders could cause more than enough difficulties for larger parties where the talent pool is larger.
What’s happening in the Maori Party shows why it’s even more of a handicap for the wee ones.
Complicating the issue is Hone Harawira’s suggestion that the Mana and Maori Parties should merge, with him as leader.
The leadership of the Maori Party was thrown into the spotlight yesterday morning when Mana Party leader Hone Harawira announced he was open to talks to reconnect with his former party as leader.
He claimed members of the Maori Party had approached him around the country keen for him to take over. . .
Sharples appeared to be open to the idea of Harawira returning, saying there was no point in having two Maori parties. . .
Harawira and Sharples must have forgotten why the former left the Maori Party a few short years ago.
His vision for Maori was very different from that of the party’s other MPs and theirs aren’t the only visions.
There are Maori involved with other political parties who have very different ideas.
A single vehicle for diverse and sometimes conflicting philosophies won’t take its passengers forward, they’ll just keep going round in circles.
The Speaker-elect has made a significant announcement for irrigation in his final days as a Minister:
The Government is establishing a company to act as a bridging investor for regional water infrastructure development, Primary Industries Minister David Carter announced today.
In 2011 the Government signalled plans to invest up to $400 million in regional-scale schemes to encourage third-party capital investment. Cabinet has now directed that $80 million for the initial stages of the company’s operation be set aside in Budget 2013.
“The development of well-designed storage and irrigation infrastructure has the potential to deliver significant economic growth for our primary industries and support new jobs, which will have a flow-on effect for all New Zealanders,” says Mr Carter.
“New Zealand naturally has plenty of water – this is about managing the resource better for the economy and the environment.”
Two examples of how much spare water we have is the large amounts being spilled at the Clyde and Roxburgh Dams:
Mr Carter says that because the opportunity to take a stake in developing regional-scale water infrastructure is new for private investors, it is appropriate for the Government to take a bridging investment role to ensure the right projects can get underway.
“The Crown-owned company will be a minority investor in any development project, and it will also plan to be a relatively short-term investor.
“A number of groups are developing proposals for these larger, regional-level schemes, and the Government expects to consider at least one proposal in the next 12 months.
“Reliable irrigation represents a major step in unlocking economic potential for New Zealand, having our tradable sectors growing strongly and delivering on the Government’s economic growth goals.
“It will also be better for the environment, as these schemes will lead to more efficient water use, and can provide for the replenishment of aquifers and the restoration of stream and river flows,” Mr Carter says.
The company will provide short-term bridging loans to irrigation schemes to enable regional projects to get underway.
The necessity for large amounts up front for schemes which will have multi-decade pay-backs has been a very high hurdle which has held back irrigation development.
The company will provide short-term bridging loans to irrigation schemes to enable regional projects to get underway.
Federated Farmers is grateful for the kick-start:
“What the Government is doing here should be applauded by environmentalists as much as it will be by farmers,” says Bruce Wills, President of Federated Farmers, speaking from his farm in the Hawke’s Bay.
“It was over 30 degrees outside and the pasture I was looking at is brown. The last significant rainfall we had here was before Christmas but I am not complaining, this is farming on the East Coast.
“In saying that it highlights the big two opportunities we have with water storage, the economic and the environmental.
“The best way to keep nutrients and soil on our farms and out of water is green living grass. It is really that simple.
“Farms like mine have dams but they can only last so long. In winter, when you see our rivers over capacity, you ask why this cannot be stored for use when we hit a dry spell like now.
“The resulting reservoir will cover an area of some 372 hectares; only slightly smaller than Sydney’s central business district but around double the size of Wellington’s.
“Farmers will have to pay a water distribution price so this is not a hand out, but a hand up. The government will exit to bring in further private sector investment. We only need look to the performance of Fonterra’s units on the NZX to see what could be possible.
“It also speaks volumes that the poster project for water storage remains Canterbury’s Opuha Dam. This exercise in perseverance took years highlighting why short-term government involvement is needed to deliver economic infrastructure.
“What we know from Opuha is that since it opened there has been numerous environmental and recreational spin-offs, in addition to benefiting farmers of course.
“The Ruataniwha Plains Water Storage Project in my area will lift the area of land influenced by irrigation from 6,000 hectares to some 42,000 hectares.
“Economic analysis indicates farm output in the Hawke’s Bay will rise by $160 million each year with farm value add increasing by $70 million. That last amount includes additional household income worth $24 million each year.
“An additional 632 full-time equivalent jobs will be created and we are just talking about one project. These are real green jobs because that is the colour of the grass it will grow.
“This will greatly aid the development of not only pastoral agriculture and horticulture, but value-added manufacturing too. In early 2012, Heinz announced closure of their Australian plants in favour of the Hawke’s Bay.
“Politicians from the left and the right agree Canterbury’s Opuha Dam works, so why not speed similar projects along? This is what the Government is doing here and it will be as good for jobs as it will the environment,” Mr Wills concluded.
David Carter has been a strong advocate for irrigation in general and water storage in particular.
This initiative is a wonderful legacy from his time as Minister.
” This study shows children with self control turn into healthier and wealthier adults,” he said.
“Then isn’t it a pity that self control is only really exercised when we resist things we want and persist at things that are difficult?” she said.
“We’d all be healthier and wealthier if we got the same benefit from giving in to our wants and giving up on what’s difficult.”
“But giving in and giving up don’t take self control,” he said.
“More’s the pity,” she said. “It’d be so much easier to do less of them if they did.”