Liggle – to carry something too heavy to be carried with ease; to laugh and giggle at the same time.
Finance Minister Steven Joyce says today’s Budget will have words and numbers.
Something to remember when looking at the numbers is that some of the surplus is money which has come from cost recovery and payment for services.
Most of it has come from tax.
That’s money which people have earned one way or another.
Government’s need that money to provide services, infrastructure and run the country.
Expected surpluses provide the opportunity for the government to do more of this.
They also provide the opportunity to allow people to keep some of the money they earn.
That’s not giving more, it’s taking less.
You’re invited to pose the questions.
Anyone who stumps everyone will win a virtual chocolate cake.
A major issue facing the dairy industry is “how much to grow,” says the 2017 Fonterra Dairy Woman of the Year, Jessie Chan-Dorman.
“What is a sustainable growth aspiration for our industry? [We need to] actually put a stake in the ground about what sustainable growth looks like,” Chan-Dorman told Rural News.
“That conversation [is needed] not just among ourselves but – like it or not – with all the wider parties, the New Zealand public, who have an interest in where the dairy industry is heading. . .
Event manager carves out dairy career niche – Sudesh Kissun:
The first solo woman winner of the Dairy Manager of the Year title, Hayley Hoogendyk, hopes to be a role model for others switching to a career in farming.
Hoogendyk (28) left her job as an events manager and took up dairy farming five years ago.
In March she won the Manawatu Dairy Manager of the Year competition; earlier this month she was crowned the national winner at the Dairy Industry Awards final in Auckland.
Hoogendyk told Rural News she had not expected to win. . .
Today’s Fonterra milk price forecast of $6.50 for the 2017-18 season, coupled with the revised price of $6.15 for the current season, is great news for dairy farmers, says DairyNZ.
It is great news too for the country as it will boost the regional and national economies.
While welcoming the forecast increase, DairyNZ’s chief executive Dr Tim Mackle says he needs to challenge farmers to ‘make hay while the sun shines’.
“By this I mean that farmers need to take advantage of the milk price increases to pay down debt, and carry out the likes of deferred maintenance,” he says. . .
The revival in fortunes of dairy farmers has been highlighted today by Fonterra’s announcement that they are increasing the milk price for the current season-lifting its payout from $6.00 to $6.15/kg milksolids for the year ending 30 May 2017.
Fonterra’s favourable forecast wasn’t unexpected and reflects the recent trend of increasing global dairy prices, which has fostered more confidence amongst the markets.
“Many dairy farmers throughout the country will be enjoying their lunch today. This is great news and comes after a turbulent few years where the industry has been under the pump,” says Andrew Hoggard, Federated Farmers Dairy Industry Chair. . .
A milk pay-out of $6.15 a kilogram of milk solids this season will give farmers an extra $3.5 billion compared to last season, says Fonterra.
The co-operative has lifted its pay-out for the season by 15 cents and announced an opening forecast for next season of $6.50 kg/ms.
Milk prices have come a long way from last season’s pay-out of $3.90, and the dairy index is now at its highest in about three years. . .
Ways to keep nutrients out of waterways – Nicole Sharp:
How can we reduce sediment, phosphorus and E. coli getting in to waterways?
AgResearch scientist Tom Orchiston put the question to farmers along with giving advice on good management practices onfarm at Dairy NZ’s Farmers Forum on May 4.
Sediment in waterways reduced the habitat and disrupted the eco-system in streams, he said. . .
Lewis shows her class – Alan Williams:
Vivienne Lewis is responsible for the results of one of the biggest shearing jobs in New Zealand and the work has won her the NZ Wool Classers Association crossbred wool merit award.
Her team handled the shearing of the 30,000 ewes, 10,000 two-tooths, 12,000 lambs and 700 rams on the sprawling Ngamatea Station near Taihape in the central North Island.
It was a very big clip and the Canterbury Wool Scour-sponsored award was won for the manner of its preparation and classing and presented at the association’s annual meeting in Christchurch in mid-May. . . .
The Directors of Beef + Lamb New Zealand have re-elected Northland farmer James Parsons as the Chairman for another year.
Parsons has been the Chairman of Beef + Lamb New Zealand since 2014 and has represented the Northern North Island as its Farmer Director since 2009.
The Board has also elected Gore farmer, and Southern South Island Farmer Director Andrew Morrison, as the Deputy Chairman, when it met for its May meeting. . .
A year ago Fonterra announced an opening forecast milk payout of $.425 for the 2016-17 season.
The forecast has gradually crept up as world prices increased and yesterday the co-operative announced a forecast payout of $6.15.
Chairman John Wilson said the increase reflects the strong fundamentals supporting global dairy markets. “World dairy prices have risen in recent months and as we near the end of the season we have more visibility and certainty which makes us confident of our $6.15 position,” Mr Wilson said.
Fonterra also confirmed its forecast earnings per share range of 45 to 55 cents for the 2017 financial year, as it continues to target a full year dividend of 40 cents per share. “Some of the challenges we faced in the third quarter could continue, but the business is committed to a strong fourth quarter particularly in Ingredients sales. This means we have been able to confirm the earnings per share range.” Mr Wilson said.
“The higher forecast Farmgate Milk Price of $6.15 per kgMS and the target dividend of 40 cents per share gives a forecast cash payout of $6.55 for a 100% shared-up farmer which is good news for our farmers and their communities,” he said.
In a further signal of confidence in the market outlook for dairy, the Co-operative is forecasting an improved Farmgate Milk Price of $6.50 per kgMS for the 2018 season. The forecast earnings range for the 2018 financial year will be announced around the beginning of August.
“The increase in the forecast Milk Price for the current season and the improved forecast for 2017/18 will be welcome news for our farmers following two challenging seasons on farm,” Mr Wilson said.
“Stronger production in March and April has partly offset lower peak milk production and collections are now expected to be down 3% for the season, a much better outcome for our farmers than had been anticipated earlier in the year,” Mr Wilson said.
The last few seasons have been very tough, especially for those new to the industry who didn’t have the good payouts the preceded the downturn.
The increased forecast for the current season and an even better one for the coming season is very welcome.
It will be interesting to see if it has an impact on farm sales.
Some farmers, and some banks, have been holding selling farms until the payout increased in the expectation land prices will too.
God’s always got a custard pie up his sleeve. – Margaret Forster who was born on this day in 1938.
1085 Alfonso VI of Castile took Toledo, Spain back from the Moors.
1420 Henry the Navigator was appointed governor of the Order of Christ.
1521 The Diet of Worms ended when Charles V, Holy Roman Emperor, issues the Edict of Worms, declaring Martin Luther an outlaw.
1659 Richard Cromwell resigned as Lord Protector of England following the restoration of the Long Parliament, beginning a second brief period of the republican government called the Commonwealth of England.
1738 A treaty between Pennsylvania and Maryland ended the Conojocular War with settlement of a boundary dispute and exchange of prisoners.
1787 In Philadelphia, Pennsylvania, delegates convened a Constitutional Convention to write a new Constitution for the United States. George Washington presided.
1803 Ralph Waldo Emerson, American essayist and philosopher, was born (d. 1882).
1809 Chuquisaca Revolution: a group of patriots in Chuquisaca (modern day Sucre) revolted against the Spanish Empire, starting the South American Wars of Independence.
1861 – The first edition of The Press went to press.
1865 In Mobile, Alabama, 300 were killed when an ordnance depot exploded.
1878 Bill “Bojangles” Robinson, American entertainer, was born (d. 1949).
1878 Gilbert and Sullivan’s H.M.S. Pinafore opened at the Opera Comique in London.
1892 Josip Broz Tito, Yugoslav resistance leader and later president, was born (d. 1980).
1895 Playwright, poet, and novelist Oscar Wilde was convicted of “committing acts of gross indecency with other male persons” and sentenced to serve two years in prison.
1913 Richard Dimbleby, British journalist and broadcaster, was born (d. 1965).
1914 The United Kingdom’s House of Commons passed the Home Rule Actfor devolution in Ireland.
1921 Hal David, American lyricist and songwriter, was born (d. 2012).
1925 John T. Scopes was indicted for teaching Charles Darwin’s theory of evolution.
1927 Robert Ludlum, American writer was born (d. 2001).
1933 Basdeo Panday, 5th Prime Minister of Trinidad & Tobago, was born.
1936 Tom T. Hall, American singer and songwriter, was born.
1936 The Remington Rand strike, led by the American Federation of Labor, began.
1938 Raymond Carver, American writer, was born (d. 1988).
1938 Spanish Civil War: The bombing of Alicante caused 313 deaths.
1938 – Margaret Forster, English historian, author, and critic, was born (d. 2016).
1939 Ian McKellen, English actor, was born.
1940 World War II: The Battle of Dunkirk began.
1946 The parliament of Transjordan made Abdullah I of Jordan their king.
1953 At the Nevada Test Site, the United States conducted its first and only nuclear artillery test.
1953 The first public television station in the United States officially began broadcasting as KUHT from the campus of the University of Houston.
1955 First ascent of Kangchenjunga (8,586 m.), the third highest mountain in the world, by a British expedition.
1955 – In the United States, a night-time F5 tornado struck the small city of Udall, Kansas, killing 80 and injuring 273. It was the deadliest tornado to ever occur in the state and the 23rd deadliest in the U.S.
1959 Julian Clary, British television personality, was born.
1961 Apollo program: John F. Kennedy announced before a special joint session of Congress his goal to initiate a project to put a “man on the moon” before the end of the decade.
1962 The Old Bay Line, the last overnight steamboat service in the United States, went out of business.
1963 In Addis Ababa, the Organisation of African Unity was established.
1966 Explorer 32 launched.
1966 The first prominent DaZiBao during the Cultural Revolution in China was posted at Peking University.
1978 Bastion Point protestors were evicted.
1979 American Airlines Flight 191: A McDonnell Douglas DC-10 crashed during takeoff at O’Hare International Airport killing 271 on board and two people on the ground.
1979 Six-year-old Etan Patz disappeared from the street just two blocks away from his New York home, prompting an International search for the child, and causing President Ronald Reagan to designate May 25th as National Missing Children’s Day (in 1983).
1981 In Riyadh, the Gulf Cooperation Council was created between Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
1982 HMS Coventry was sunk during the Falklands War.
1985 Bangladesh was hit by a tropical cyclone and storm surge, which killed approximately 10,000 people.
2000 Liberation Day of Lebanon. Israel withdrew its army from most of the Lebanese territory after 22 years of its first invasion in 1978.
2001 Erik Weihenmayer became the first blind person to reach the summit of Mount Everest.
2002 A train crash in Tenga, Mozambique killed 197 people.
2011 – Oprah Winfrey ended her twenty five year run of The Oprah Winfrey Show.
2012 – The Dragon spacecraft became the first commercial spacecraft to successfully rendezvous with the International Space Station (ISS).
2013 – Suspected Maoist rebels killed at least 28 people and injured 32 others in an attack on a convoy of Indian National Congress politicians in Chhattisgarh, India.
2013 – A gas cylinder exploded on a school bus in the Pakistani city of Gujrat, killing at least 17 children and injuring 7 others.
Sourced from NZ History Online & Wikipedia.