Make it 1000%!
OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of 125% on the US, up from the 84% announced earlier.
It's now calling on the NZ Government to follow its Dutch counterpart and cull our country's livestock numbers by one third.
Greenpeace claims it would 'only' cost $12 billion to buy out what it describes as 'industrial' dairy farms.
This comes hot on the heels of a recent MPI report showing that the dairy and sheep & beef sectors alone will earn NZ well in excess of $30 billion next year.
So, going by this old mutt's back of the envelope calculation, Greenpeace's dream of killing 33% of NZ's livestock would cost a mere $22 billion in year 1 - in actual costs plus the lost export earnings - and at least $10 billion (and growing) every year after that!
How do these masterminds expect the country to pay its $100 billion of debt without every possible dollar of export revenue coming from our farming sector?
