New Zealandâ€™s biggest bludgers, farmers, are on the bludge again and David Carterâ€™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.
â€śNew Zealand naturally has plenty of water â€“ this is about managing the resources for the economy and the environment,â€ť says Minister Carter.
â€śReliable irrigation represents a major step in unlocking economic potential for New Zealand, having our tradable sectors growing strongly, and delivering on the Governmentâ€™s economic growth goals.â€ť
National is working hard to build an economy which is more competitive and productive. Find out more about our plan to build a strongerÂ 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 farmersÂ aren’tÂ swing voters, and after many decades of backing farmers New Zealand’s economy has gone consistently backwards.