Comment of the Day

Yesterday I wrote a post about Stuart Nash and the bludger farmers who want to burden ratepayers of the Hawkes Bay for a dam that only they will benefit from. Some commenters passed judgement that I was full of crap and this was investment in infrastructure blah blah blah…then along came Brennan McDonald and his comment:

If the farming sector is so productive and profitable, or would be made so by this dam, why do they need to get every other ratepayer to chip in?

If they really needed it, and weren’t just looking for a handout they’d write the cheque themselves.

The farming sector’s return on assets is dismal. If it wasn’t for capital gains and the tens of billions of dollars banks can’t afford to write down on agricultural debt the loans would have been called in years ago.

Interest cover ratios are abysmal in agriculture.

As for sports stadiums, the economic literature and real world experience is clear they are a waste of money.

There is no difference between saddling Hawke’s Bay ratepayers with a $600 million “productivity enhancing” boondoggle and Dunedin ratepayers $200 million stadium for a rugby union that traded while insolvent.

Both force higher rates in the long term for something they might not even benefit from.

Just look at the Mangawhai sewerage system stuff up!

He is dead right…if this dam is such a commercial genius of a plan then why don’t the farmers form a company, raise funds on the stock market and run it as a commercial venture?¬†Because¬†the plan is crap, the numbers don’t stack up and dollars to donuts there is some dodgy ‘science’ behind the council projections and justifications.

  • Ford

    if a dam can improve farm production then that must benefit the people i.e.ratepayers

  • http://www.facebook.com/kohibruce Bruce C Smith

    There is no net benefit if costs exceed gross benefits. And that is before consideration of who bears the costs and who receives the gross benefits.

  • cows4me

    “If it wasn’t for capital gains and the tens of billions of dollars banks can’t afford to write down”, what , we talking about the Auckland housing market again.

  • farmboy

    fuck sitting in the city there your all so rightious arnt ya.
    why as a farming rate payer should we be charged for u town and city dwellers to have a sewage system we all have tanks that we have to pay to be pumped out were is our subsidy were i ask.We have to subsidise your rubbish collection were is our collection were i ask.We have to subsidise your fancy town lights burning all night where are ours were i ask.You are full of shit sir full of shit I say.

    • Lofty

      Goodness

      • farmboy

        thats you lofty and anyone else who lives in town stop fucking bludging off us you fucking bludgers

        • Lofty

          Goodness

          • farmboy

            and stop hiring cheap phillipeno workers to pick up your rubbish lofty you fucking bludging bastard

          • Lofty

            Fair enough farmboy, I will immediately cease and desist my bludging and I will get rid of my stock of Fillipinos immediately.
            They will be going on the slave auction block next week.
            Thanks for the instructions.
            Anything else you want me to do.

          • farmboy

            yea forward me the aution details i might be interested meanwhile turn off your town lights at night take your rubbish to the dump and pay for it and take a shit in the street you bludger

          • Lofty

            OK all sounds fair and reasonable farmboy, nothing there to stop me from complying with your instructions, except to say that I already pay x2 for rubbish collection, so no bludge there, I cannot find the town light switch, but fear not I will keep looking, it just may take a bit of time.
            Is it ok to wait until after dark to defecate on the street? I am a bit self concious about baring my bum to the world while squeezing out a coil.

          • farmboy

            you sound like a reasonable chap lofty so will give you more time to find light switch maybe hold back a few fillipenos to help you.Since you pay for rubbish collection id suggest shitting in the rubbish bin during light hours.Thankyou for complying with my instructions one day I hope you can all stop bludging but you lofty are a shining light.

          • Lofty

            Thanks Farmboy I appreciate it.
            I just happen to have a couple of my staff I would like to keep, with your permission..lovely they are ;-)
            Love the rubbish bin shitter idea, excellent thanks.

          • Travis Poulson

            Are you completely mentally retarded or just 90%? Farmers are hiring Filipinos are well. Don’t be a dimwit for the rest of your life please.

          • farmboy

            would you like to come work for me travis

          • Travis Poulson

            Nah mate, hung my gumboots up 5 years ago but thanks for the offer. I might consider some relief milking for a good price, excellent record, no penicillin milk in the vat etc.

    • Travis Poulson

      Lovely poem, frame it and hang it on your wall.

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