Schmick – excellent; elegant; smart; stylish.
How much?
12/12/2017Conversations today all began with how much did you get?
We were talking about welcome rain and answers varied from 10mls at Enfield through 15mls at Five Forks, Kakanui and Hakataramea to 23mls at Waianakarua.
The longest dry spell in Christchurch 46 days – is forecast to end which might be causing a little discombobulation.
Rural round-up
12/12/2017Family focussed on top quality – Sally Rae:
Think of the Armidale farming operation in the Maniototo and the word “quality” springs to mind.
It is a family operation in every sense of the word and the Paterson family is justifiably proud of what they have achieved. Young Hugo (5) and Bede (3) Paterson — already keen farmers — are the sixth generation on the Gimmerburn property.
Last week, the Paterson family hosted a field day, as winners of the New Zealand ewe hogget competition, an accolade adding to their considerable list of accomplishments.Armidale is farmed by Allan and Eris Paterson in partnership with their son Simon and his wife Sarah.
The family has had a presence at Armidale since the early 1880s, when a small block of land was first drawn. . .
From Mediterranean to Maniototo farm – Sally Rae:
For the 26 years that Janine Smith lived in Greece, she always knew she would one day return home to the Maniototo — she just did not know how or when it would happen.
Managing a sailing company was a serious job that came with a lot of responsibility and, for her to leave it, it had to be ‘‘a monstrous change’’.‘‘It had to be a big contrast for me to leave Greece behind and embrace New Zealand. It had to be a steep learning curve and something I could really get hold of. So far, so good,’’ she said.
Last December, she and partner Simon Norwick made that monumental change and traded life in the Mediterranean for farming in the Maniototo.‘‘I grew up on a farm and I’m starting from the beginning,’’ the 50-year-old said. Ms Smith, who has taken over her father Ian’s Romney and Dorset Down sheep studs, had considerable success at last month’s Canterbury A&P Show in Christchurch, winning supreme champion Romney and champion strong-woolled sheep with a Romney ram hogget. . .
Old wool knocks prices back – Alan Williams:
Prices disappointed again at the Napier and Christchurch wool sales last Thursday.
There was strong interest in 27 to 29 micron fine lambs’ wool at Napier and other new-season lambs’ wool was also in good demand but otherwise the market was back on the previous sale, PGG Wrightson North Island auctioneer Steve Fussell said.
There were 17,000 bales split between the two venues, with 11,000 in Napier, of which 14% were passed in, not meeting the vendor reserve. The smaller Christchurch offering had a 25% pass-in rate but some second shear crossbred wools were sold higher.
The volumes included more wool from last season coming out of storage as growers decided to try to cash in on it but the clearance rate was not as good as other recent sales. . .
Spring sheep NZ bringing sheep milk to the masses:
Spring Sheep New Zealand, a joint venture between Landcorp & a boutique food marketing company, aims to produce & market the very best sheep milk in the world.
Spring Sheep New Zealand chief operating officer Nick Hammond joins Rural Exchange about the journey of the company from its inception.
“We are fantastic at dairy. We are fantastic at sheep,” he says. “But we have no sheep milking industry.”
That’s exactly what Spring Sheep NZ aims to address, with co-funding from the Ministry of Primary Industries. . .
Vegans are the new vegetarians – Amy Williams:
Veganism is no longer just the domain of animal rights activists and hippies but everyday people concerned about their health, animal welfare and the environment.
There’s no doubt plant-based eating is becoming more mainstream – just look at Instagram and the big money being injected into lab-made meat.
Let’s be clear, I’m not a vegan or even a vegetarian but a term exists for people jlike me. We’re reducetarians.
We aspire to eat less meat and for me it’s mainly for health and environmental reasons.
I like to eat good quality meat, knowing its provenance. . .
“I plant GM crops so I can spray more pesticide, destroy the environment and poison my friends, family and neighbours” said no farmer ever, in the history of farming.
Sweet success in manuka honey – Peter Burke:
Manuka honey could long term earn more money for a central North Island Maori trust than its sheep and beef farming operation.
Atihau Whanganui Incorporation, whose large land holdings range from the central North Island to the Whanganui River, is planting manuka on steep country largely unsuitable, or less productive, for sheep and beef.
Chief executive Andrew Beijeman says they are also letting land, which is naturally reverting back to manuka. . .
How much to change whole Ministry?
12/12/2017The Taxpayers’ Union says government name calling doesn’t help vulnerable kids.
The Taxpayers’ Union is slamming the Government for wasting $418,000 of taxpayers’ money, meant to help the country’s most vulnerable kids, on a ‘rebranding’ of the Ministry of Vulnerable Children to Oranga Tamariki.
“This is a shameful waste of money and precisely the sort of Wellington nonsense which gets up the nose of taxpayers,” says Jordan Williams, Executive Director of the Taxpayers’ Union.
“No one resents paying taxes to help those most in need, but wasting nearly half a million dollars of money earmarked for helping vulnerable kids on marketing experts, logo designers, and sign writers, is disgraceful.”
Changing the name might widen the scope of the Ministry. If it does it will take the focus off those who need help.
If it doesn’t then it’s a name change for change’s sake and an expensive one at that.
If it costs $480,000 to change the name, It will be eye-wateringly more to change not just the name of the Ministry for Primary Industries but create, set up and staff the separate ministries which will replace it.
It’s little wonder the Minister, Damien O’Connor, is refusing to disclose just how much it will cost.
Let’s not need bread deciders
12/12/2017Eric Crampton writes on why clean GST is better:
. . . Just imagine the conversations the bread deciders might have at cocktail parties.
“Oh, what do you do for a living?”
“Well, I’m a bread decider.”
“A what?”
“A bread decider. I decide whether or not things are bread.”
“But doesn’t everybody know what’s bread and what isn’t?”
“Ah, but think about a mini ciabatta, which is an interesting borderline case.”
“But why would anybody care?”
“Well, taxes …”
“And you’ve not shot yourself yet?”
“Well, I also have a side-gig as a pizza decider …”
We do not know how lucky we are in New Zealand. We have no need of bread-deciders. So far. . .
Anyone who thinks complicating New Zealand’s GST is a good idea should think again.
New Zealand’s GST is uniquely, and admirably, clean. It applies broadly. Every producer has an incentive to report honestly because they also report the GST they paid to their suppliers on every item when claiming GST on their inputs.
That’s a very important point, keeping the system simple incentivises honesty.
Were New Zealand to exempt healthy foods from GST, we would well be on the slippery slope. It is one of those things that sounds really easy, but would be an utter disaster in practice.
What counts as healthy? Not only does the medical evidence keep changing, but there would also be a string of boundary cases needing adjudication. If beans are healthy, what about frozen beans? Beans in a can? Beans in a can with pork fat and sauce? How much pork fat and sauce before it is taxable? What if we use Jamie Oliver’s recipe and fly him in to say it’s good?
Even worse, think through the consequences of tax exemption.
Under the current beautiful broad-base, low-rate system, companies gather all their receipts for everything they purchased when making things and claim the GST on them. They then charge GST on the full value of their final product. Their net GST is on the value they added to their inputs along the way, since they netted out the GST from the inputs. Nice, clean and easy.
If some goods were exempt from GST, we would have problems. Imagine you were a food manufacturer making two products. One attracts GST and one does not. It is possible to charge GST on one product and not the other, but all the point-of-sale terminals would need to be reprogrammed – feasible but expensive. But how do you start thinking about claiming the GST on your inputs if you are selling an exempt product. You will need to justify how you apportion all your plant’s shared costs across the different product lines. And Internal Revenue would worry you were loading costs onto the taxable line to claim GST where you shouldn’t. The auditors would be kept busy.
And an industry would quickly emerge to make everything seem easier – and to prevent it all from ever really being easier. The political case for exemptions is dangerously tantalising. And when you’ve granted one, it is almost impossible to resist granting others. . .
A little exemption is like a little bit pregnant, it doesn’t stop there. You become more pregnant then you have a baby and the baby grows . . .
Any exemptions to taxes add complications which add compliance costs and incentives for avoidance all of which is a handbrake on productivity.
Let’s not get on the slippery slope to bread deciders and beyond.
Simple taxes are better taxes.
New Zealand GST is simple and it should stay that way.
Quote of the day
12/12/2017Stupidity is something unshakable; nothing attacks it without breaking itself against it; it is of the nature of granite, hard and resistant. – Gustave Flaubert who was born on this day in 1821.