Zabernism – abusive misuse of military power or authority; bullying.
The GlobalDairyTrade price index dropped 3.9% this morning.
The simple explanation is that supply is greater than demand.
The inbalance is aggravated by the EU putting 22,500t of skimmed milk powder from public intervention stocks on the market.
That’s the milk powder that the EU stockpiled when the global price for dairy products plummeted a few seasons ago.
Whether it’s coincidence that the price has dropped as the market is flooded with this extra milk powder, or whether it’s the cause, it would be much better if the EU kept out of the market.
Interfering when the price drops shields farmers from the price signals which would lead them to reduce costs which in turn would lead to producing less milk.
That prolongs downturns and risks another when the milk powder is eventually put on the market.
Farmers and consumers would all benefit if the EU butted out of the milk market and let production adjust to price signals.
Federated Farmers Climate Change spokesperson Andrew Hoggard says it’s impossible to get methane emissions from a cow down to zero:
“It’s a biological system, it’s not going to happen. I guess the key thing is we’ve got to remember the global context her and that New Zealand’s food producers here are one of the most efficient in the world at producing food for the least amount of carbon.”
Hoggard was responding to news the government is aiming to get New Zealand’s net carbon emissions down to zero by 2050.
That doesn’t mean animal emissions would have to get to zero. In theory it could be achieved by off-setting those emissions but David Farrar points out at Kiwiblog:
The reality is that achieving zero net emissions will be incredibly costly and painful. It will involve massive trade offs.
New Zealand’s emissions from farming are unusually high for the developed world because we produce so much food.
Most of that food is exported. Other countries will have much lower emissions from farm animals but they eat the food we produce and if we produce less of it other less efficient farmers will produce more.
Emissions here would reduce but global emissions would rise.
What those calling for a reduction in stock, especially cattle, also forget is that the food we produce and export is what largely pays for the goods and services which we need to retain first world status.
Cue, this cartoon by Tom Scott from 2008:
It is a simple but sometimes forgotten truth that the greatest enemy to present joy and high hopes is the cultivation of retrospective bitterness. – Sir Robert Menzies who was born on this day in 1894.
He also said:
We took the name ‘Liberal’ because we were determined to be a progressive party, willing to make experiments, in no sense reactionary but believing in the individual, his rights, and his enterprise, and rejecting the socialist panacea.
69 – Vespasian, formerly a general under Nero, entered Rome to claim the title of emperor.
217 – The papacy of Zephyrinus ended. Callixtus I was elected as the sixteenth pope, but was opposed by the theologian Hippolytus who accused him of laxity and of being a Modalist, one who denies any distinction between the three persons of the Trinity.
1832 – New Zealand’s first cricket match took place on the foreshore at Horotutu.
1865 – Elsie De Wolfe, American socialite and interior decorator, was born (d. 1950).
1868 Harvey Firestone, American automobile pioneer, was born (d. 1938).
1894 Sir Robert Menzies, 12th Prime Minister of Australia was born (d. 1978).
1898 – Konstantinos Dovas, Greek general and politician, 156th Prime Minister of Greece, was born (d. 1973).
1901 Robert Van de Graaff, American physicist and inventor, was born (d. 1967).
1907 Paul Francis Webster, songwriter, was born (d. 1984).
1927 Kim Young-sam, first civilian President of South Korea after a series of dictatorships, was born.
1944 Bobby Colomby, American musician (Blood, Sweat & Tears), was born.
1948 Alan Parsons, British music producer and artist, was born.
1951 The EBR-1 in Arco, Idaho becomes the first nuclear power plant to generate electricy. The electricity powered four light bulbs.
1955 – Cardiff was proclaimed the capital city of Wales.
1957 Billy Bragg, English singer and songwriter, was born.
1987 History’s worst peacetime sea disaster, when the passenger ferryDoña Paz sank after colliding with the oil tanker Vector 1 in the Tablas Strait in the Philippines killing an estimated 4,000 people (1,749 official).
1988 The United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances was signed in Vienna
1999 Macau was handed over to the People’s Republic of China by Portugal.
2007 Queen Elizabeth II became the oldest ever monarch of the United Kingdom, surpassing Queen Victoria, who lived for 81 years, 7 months and 29 days.
2007 – The painting Portrait of Suzanne Bloch (1904), by Pablo Picasso, was stolen from the São Paulo Museum of Art, along with O Lavrador de Café, by the major Brazilian modernist painter Candido Portinari.
2014 – Two police officers of the New York City Police Department were shot and killed, allegedly in retaliation against the deaths of Eric Garner and Michael Brown.
Sourced from NZ History Online & Wikipedia