Massive Annual Subsidy Needed for Dodgy Socialist Dam

The dodgy Hawkes Bay Regional Council is promoting a socialist dam that no one in the private sector would ever invest in because it requires far too big a subsidy.

Sources inside the HBRC are telling this blog that the subsidy on an ongoing basis is constantly increasing as the costs of the project blow out.

Farmers are telling the council that the viability point for irrigation is about 10c a cubic metre which is the cost of water in the Opua scheme. The Ruataniwha Scheme currently has a cost of 20 to 25c a cube, meaning that no one wants any of the water. 

Not concerned with things like market reality the HBRC has decided to give a dirty great big subsidy to all the farmers that subscribe to the scheme, dropping the price of water down to 10c a cube and having the ratepayer fund the other 10 to 15c a cube.

Lets start calling this project for what it is. It is a great big subsidy for 150 farmers.

National is supposed to be the party of free enterprise, not the party of bludging ratbags. The rough maths say that the ratepayers of Hawkes Bay will be handing over $18m to $20m a year to 150 farmers.

Socialism in any form is evil, but giving a huge handout to 150 farmers is incredibly evil.

No wonder Federated Farmers are big fans.

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