365 days of gratitude

August 23, 2018

In the old days wedding cakes were fruit cakes.

Traditionally they were iced with almond icing, often with a great deal of artistic decoration.

These days wedding cakes aren’t necessarily even baked – Whitestone Cheese does a wonder line of celebration “cakes” in cheese.

The one I’ve been asked to bake is a chocolate cake to from the base of a tier.

So far so easy. But the request came for the cake to be 35 centimeters and the recipe I wanted to use was for a 28 centimeter tin.

I enlisted the assistance of someone who’s much better with numbers than I am and he said I should increase all the ingredients by half.

So far so easy, until I got to three eggs. Do I try to halve an egg or use five instead of 4 1/2?

I opted for five.

It worked and I’m grateful for that (and our dairy staff who will get the rest of this practice version probably will be too).

 


Word of the day

August 23, 2018

Thwaite – a piece of wild land cleared or reclaimed for cultivation; a piece of land used as a meadow, field, or pasture; specifically : forestland cleared and converted to tillage.


Just wondering . .

August 23, 2018

. . . why a recipe that stipulates unsalted butter includes salt as an ingredient.

Is there something in the chemistry that makes salted butter different from unsalted butter plus salt?


Rural round-up

August 23, 2018

Calf rearer changes tactics after Mycoplasma bovis battle – Heather Chalmers:

Farmers who believe they can live with Mycoplasma bovis need to think again, say a Southland couple who are finally clear after eight months battling the bacterial cattle disease. 

Lumsden couple Ben Walling and Sarah Flintoft are now “gun-shy” of returning to their calf rearing business, knowing the risks involved. 

They had bought 1600 calves to rear last spring before being “clobbered” with M. bovis. Their farm was confirmed clear of infection by the Ministry for Primary Industries (MPI) in early August.  . . 

New research into animals that give off less nitrogen:

New research may hold the key to lowering our emissions, by breeding animals that naturally excrete less nitrogen.

Utilising the genes of animals that produce less nitrogen could provide farmers with a breakthrough in managing on-farm greenhouse gas emissions.

Two research projects are currently looking to see if there’s a link between the nitrogen content of milk and animal emissions and whether it’s possible to identify and then replicate genes in animals that might control how much nitrogen an animal gives off. . . 

A2 Milk shares rise 4.4% as company doubles down on US, Asia – Sophie Boot:

 (BusinessDesk) – A2 Milk’s shares rose 4.4 percent following the milk marketer’s annual results this morning, but are still well off record highs seen earlier this year.

The company more than doubled net profit to $195.7 million in the June 2018 year, as it widened margins and increased infant formula sales. Revenue rose 68 percent to $922.7 million and earnings before interest, tax, deprecation and amortisation also more than doubled to $283 million. A2 already gave that revenue figure last month, just beating its $900 million-to-$920 million forecast from May, and at the time said ebitda was about 30 percent of sales, implying a figure around $277 million. . .

Milking it: I spent a day on the farm and my nose may never recover – Anuja Nadkarni:

NZ is known for its dairy products, and is home to one of the biggest dairy companies in the world. In this Stuff special investigation, we examine how the price of milk is set and explore the industry behind our liquid asset.

I milked two cows last week.

A bog standard Auckland millennial, milked two cows in my jeans, puffer and rubber boots on a dairy farm.

Being the typical city slicker I am, for a moment I arrogantly thought to myself, “yeah, I could do this”.

Could I though? . . 

Sheepmeat and beef levies to increase:

Beef + Lamb New Zealand’s (B+LNZ) Board has decided to proceed with the proposed increase in the sheepmeat and beef levies following significant support from farmers.

From 1 October 2018 the levy for sheepmeat will increase 10 cents to 70 cents per head and the beef levy by 80 cents to $5.20 per head. This is 0.4 per cent of the average slaughter value for prime steer/heifer, 0.7 per cent cull dairy cow, 0.7 per cent of lamb, and 1.1 per cent of mutton over the last three years.

The additional levies will be invested in accelerating four key programmes: the international activation of the Taste Pure Nature origin brand and the Red Meat Story, helping the sector lift its environmental performance and reputation, telling the farmer story better, and strengthening B+LNZ’s capability to address biosecurity risks. . .

Comvita hones focus on biggest growth drivers as it seeks to bolster profits – Tina Morrison:

(BusinessDesk) – Comvita, New Zealand’s largest producer and marketer of honey and bee-related products, is reducing its risk and positioning itself for future growth by honing in on where it can get the most bang for its buck.

The company’s shares are the worst performer on the benchmark index this year after earnings were hurt by two consecutive years of poor honey harvests. Its honey supply business lost $6.2 million in operating profit in its 2018 financial year and $6.6 million in the 2017 year. . . 

Guy Trafford looks at what the future might hold for Lincoln University, and how consumer perceptions might change feedlot operations – Guy Trafford:

Lincoln University staff were called to a briefing on Tuesday this week from Chancellor Steve Smith and Acting Vice Chancellor Professor James McWha on what the future holds for the University.

For several years rumours and stories have been doing the rounds regarding Lincoln not helped by the issues surrounding the recently appointed and then moved-on Vice Chancellors.

The crux of the announcement revolved around the fact that Lincoln had signed a memorandum of understanding with University of Canterbury to form a joint future together. Considerable effort was spent reassuring staff that, whatever the future holds, Lincoln will retain its brand and culture and its autonomy to operate its multidiscipline programmes with their land-based programmes. . . 

Farmers protest California water plan aimed to save salmon :

Hundreds of California farmers rallied at the Capitol on Monday to protest state water officials’ proposal to increase water flows in a major California river, a move state and federal politicians called an overreach of power that would mean less water for farms in the Central Valley.

“If they vote to take our water, this does not end there,” said Republican state Sen. Anthony Cannella. “We will be in court for 100 years.”

Environmentalists and fishermen offered a different take on the other side of the Capitol to a much smaller audience. . . 

 


Old MacDonald Had a Daughter

August 23, 2018

Maggie Rose, rewriting the song for the women rewriting the rules:


Mixed Ownership Model works well

August 23, 2018

National’s partial sale of a few state assets has been vindicated by a report released by TDB Advisory:

An independent report released today by TDB Advisory shows that the Mixed Ownership Model introduced under the previous National Government has been an overwhelming success, National’s Finance spokesperson Amy Adams says.

“The Mixed Ownership process successfully generated $4.7 billion for public infrastructure such as schools, hospitals and broadband and TDB’s findings highlight the wider issue with the Government’s ideological opposition to private sector involvement in funding new assets.

“The partial sell-down of Genesis, Meridian and Mercury began in 2013 and had three simple objectives: to lower Government debt; to increase investment opportunities for ‘mum and dad’ investors; and to improve the financial performance of each company.

“TDB’s study shows all of these objectives have been achieved.

“The most striking finding is that despite electricity prices being flat-to-falling over the period of the Mixed Ownership Model, shareholder returns have increased by 69 percent and the Government has received higher dividends despite owning a lower share of each company.

“The report also shows that opposition to the Mixed Ownership Model was misplaced. It didn’t lead to higher electricity prices. And it didn’t result in a drop-off in renewable energy generation, which has increased over the period.

“The current Government has an irrational opposition to the private sector. Labour’s ideological resistance to Private-Public Partnerships to build public assets means a number of important projects are failing to get off the ground.

“The Government shouldn’t shut itself off from ideas such as Private-Public Partnerships or Mixed Ownership purely on ideological grounds. Evidence, not ideology, should drive good policy.

So the fear of prices soaring was misplaced; the government is earning a similar amount in dividends from a small shareholding; and pausing less interest; and the people who invested in the shares are getting dividends too.

This report  ought to encourage the government to consider more sales.

. . .Taxpayers’ Union Economist Joe Ascroft says, “This report demonstrates what most analysts already knew: private-sector discipline can transform bloated, inefficient Government-owned companies into efficient market-disciplined businesses. It’s a win-win-win for taxpayers, investors, and consumers.”

“With the Government struggling to meet its self-imposed budgetary restrictions, it’s actually the perfect time for an expansion of the Mixed Ownership Model. Raising capital and increasing dividend payments would give Grant Robertson the room to invest in infrastructure without seriously damaging the country’s books.”

The three parties now in government were vehemently opposed to the MOM.

The report proves them wrong and shows their opposition wasn’t based on fact.

The state still owns too many businesses which could easily be sold, partially or fully, to the benefit of the public finances, taxpayers and the businesses.

If the government would let evidence not ideology guide its decisions, it would sell at least some of them but it is very, very unlikely to do so.

The report is here.

 


Quote of the day

August 23, 2018

Somehow our devils are never quite what we expect when we meet them face to face. Nelson DeMille who celebrates his 75th birthday today.


%d bloggers like this: