Agsafe Weekly Rural Report

Finance:.   NZ dollar remained steady over the week but the real concern is the cross rate with the Australian dollar.  The Brent Crude varied across the week & is currently $104.56/barrel. It’s the cost of refining that has gone up as the Russian refineries are destroyed. 

Wool:  The prices in both the crossbred and finer wools are encouraging but have eased at last weeks’ sales.

Beef, Sheep & Venison schedules: The meat schedules remain steady across all categories as the spring growth kicks in. The international demand for red meat is very strong.  Schedules are expected to rise leading up to Christmas.

Dairy Prices   The g/DT lifted 1.2% with a large volume offered.  WMP is up to $US3605/tn while SMP lifted 4.3%.  Cheddar dropped 3.7% and butter fell 0.3%.  It was considered a positive auction underpinning the seasons farm gate estimates.

 

I was serious last week suggesting that the 2027/28 is underway as your mating decisions affect the 2027/28 season just as your feed planning does.  The feeding management through this season will impact on the following season, so there are some tough decisions regarding the purchase of supplements that will take you through the autumn of 2027 and the anticipated summer dry.  Harvest as much surplus grass into silage as possible, but do not restrict the cows feeding!!

                                                                                                                       

Quote:    “What's done is done. What's gone is gone. One of life's lessons is always moving on. It’s okay to look back to see how far you’ve come but keep moving forward.”

 

Need Help. If at any time you just want to talk & need someone to talk to, just call - Male Support Services (Waikato) 0800-677-289,  or Rural Support Trust 0800-787-245.  Crisis TXT – HELP (4357).  A shared problem can be a problem solved!!

 

Jims Rant,

 

Borrowed from somewhere but worth contemplating  - GREEN PARTY TAX SYSTEM EXPLAINED IN BEER

Every day, ten men go out for beer and the bill for all ten comes to $100

If they paid their bill the way we pay our taxes:

The first four men (the poorest) would pay nothing.

The fifth would pay $1

The sixth would pay $3

The seventh would pay $7

The eighth would pay $12

The ninth would pay $18

The tenth man (the richest) would pay $59

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.  "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20" Drinks for the ten now cost just $80.  The group still wanted to pay their bill the way we pay our taxes.  So the first four men were unaffected.  They would still drink for free. But what about the other six men? The paying customers?

How could they divide the $20 windfall so that everyone would get his fair share?'

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

The fifth man, like the first four, now paid nothing (100% savings)

The sixth now paid $2 instead of $3 (33% savings).

The seventh now pay $5 instead of $7 (28% savings).

The eighth now paid $9 instead of $12 (25% savings).

The ninth now paid $14 instead of $18 (22% savings).

The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free.

But once outside the restaurant, the men began to compare their savings.

"I only got a $1 out of the $20" declared the sixth man.

He pointed to the tenth man," but he got $10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a $1 too.

It's unfair that he got ten times more than I!"  "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"

Wait a minute," yelled the first four men "We didn't get anything at all. The system exploits the poor!"  The nine men surrounded the tenth and beat him up.  The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him.  But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, Chloe is how our tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction.

Tax them too much, attack them for being wealthy, and they just may not show up anymore.