New Zealand’s biggest bludgers, farmers, are on the bludge again and David Carter’s final gift to them is a $80m free water bludge.
Today, Primary Industries Minister David Carter announced $80 million will be invested in a new Crown company to act as a bridging investor for regional water infrastructure development.
The company will be a minority investor in any development project and the Government expects to consider the first proposal within the next twelve months.
“New Zealand naturally has plenty of water – this is about managing the resources for the economy and the environment,” says Minister Carter.
“Reliable irrigation represents a major step in unlocking economic potential for New Zealand, having our tradable sectors growing strongly, and delivering on the Government’s economic growth goals.”
National is working hard to build an economy which is more competitive and productive. Find out more about our plan to build a stronger economy here.
Skeptics will wonder whether ROI will be considered when making investments, and if a loss is made who will be held responsible or if the government will just sweep losses under the carpet.
Funding farmers is a dumb thing for National to do because farmers aren’t swing voters, and after many decades of backing farmers New Zealand’s economy has gone consistently backwards.