As regular readers will know I have been opposed tot he dodgy socialist dam in the Hawkes Bay.
The high handed way the Hawkes Bay Regional Council has been pushing this dam through against all environmental advice and now it turns out economic advice is a travesty.
The other day I called for millionaire local MPs Craig Foss and Alistair Scott to put their considerable wealth where their mouths were and invest in Ruataniwha themselves.
I suspect I know why they won’t invest, and I will share that with you all now.
The dam is a dog.
I see that youâve picked up the FW article on the economics of the Ruataniwha dam.Â Please find attached a copy of the original paper that the FW article was based on.Â It was presented at the annual NZ Agricultural and Resource Economics Society (NZARES) conference in August.
Iâve also attached the PowerPoint slides that accompany the presentation.
You will see that unfortunately, the dam is an absolute loser for farmers too â so even at the knock down water price offered by HBRC farmers still canât make it work.Â As per the paper, hereâs the maths: Â Read more »