I’m worried! I’m sympathising with organic farmers over a land use conflict!

Writing this blog of sound mind and sober disposition, I still have considerable sympathy with two organic farmers over a land use conflict they have with the neighbouring gun range.

blackstone nuisance

Local land use regulations allows a gun club to set up 600 m away with competitive shooting days all day for 88 days a year. That is a voluntary self restraint. They could hold shooting competitions every day of the year. The local land use regulations allow the use of guns on rural land. The gun club used this absence of a prohibition on the use of guns in the frequency of use to set up a gun range to fire guns all day long on rural land.

Now here is the rub. There something wrong with the concept of quiet enjoyment of your land if a neighbour can fire off a large amount of noises continuously. The occasional noise, the occasional gunshot yes, but all day? I live near the airport, but I knew it was there when we bought the property and the lands  was a little cheaper because of that.

The organic farmers are unusually pristine and prissy about what they want by neighbours to protect the sacredness of their more expensive snob food. I’m not too sure whether they would want to grant their neighbours an equal right to unusual land uses such as opening a gun range. That said, the organic farmers do have a point about a very noisy neighbouring land use that can be heard some distance away.

The organic farmers, of course, could have negotiated with their neighbours for covenants to restrict land use that undermine there are unusually pristine requirements for quiet enjoyment of their land and their neighbours land too. Easy to do when the land is first unused, but once economic activity accumulates, not so easy in terms of  transaction costs and hold-outs.

HT: Environmental Law 101 | Hoover Institution.

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It’s Time to Name a Price on KiwiRail – how much more in losses before committing to shutting it down?

If a TPPA means no more bailouts for KiwiRail, that is a major benefit from the agreement not previously brought to public attention.

The KiwiRail bailouts add 1 to 2 percentage points to the company tax of every New Zealand business. Cutting the company tax by 1-2% by not bailing out KiwiRail would be a major public benefit. I now have one more reason to favour the TPPA.

A trade agreement tying the hands of future governments preventing them from bailing out failing state-owned enterprises would be a major gain that could more than offset and indeed pay for the higher drug prices that may result from longer patent lives for new drugs.

Jim Rose's avatarUtopia, you are standing in it!

In the finest public service traditions of free and frank advice, the New Zealand Treasury in its budget advice this year advised ministers to contemplate shutting down KiwiRail.

Treasury recommended the Government fund KiwiRail for one more year and undertake a comprehensive public study to look into closing the company. The study is public so that people were informed of the costs of running the rail network compared with any benefits it provided. The Government rejected the idea.

Figure 1: State-owned enterprise welfare, Vote Transport and Vote Finance (KiwiRail), Budgets 08/09 to 15/16

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KiwiRail has been a constant thorn in the taxpayers’ side. Since this rail business was acquired in 2008 for $665 million as a commercial investment, Crown investments have totalled $3.4 billion – see Figure 1.

Fortunately in the 2015 budget, the Minister of Finance signalled that the government’s patience with the KiwiRail deficits is not unlimited. KiwiRail…

View original post 204 more words

Amazon.com as a gale of creative destruction

https://www.facebook.com/TheEconomist/photos/pb.6013004059.-2207520000.1437815898./10153461007944060/?type=3&src=https%3A%2F%2Ffbcdn-sphotos-g-a.akamaihd.net%2Fhphotos-ak-xpt1%2Ft31.0-8%2F11703344_10153461007944060_1679123511247690492_o.png&smallsrc=https%3A%2F%2Ffbcdn-sphotos-g-a.akamaihd.net%2Fhphotos-ak-xpf1%2Fv%2Ft1.0-9%2F11011080_10153461007944060_1679123511247690492_n.png%3Foh%3D8320ca25af3e501f2c1437ac72d9a248%26oe%3D56417A94%26__gda__%3D1443978731_d0f19ddacee2635ba5bb823e6dcf9843&size=1190%2C1588&fbid=10153461007944060

If bureaucrats were any good at picking winners, they would be hedge funds managers

Creative destruction in advertising revenue around the globe

Deirdre McCloskey on the Samaritan’s dilemma

via Here’s what happens when humans are free to imagine, create, innovate, profit, and flourish – AEI | Pethokoukis Blog » AEIdeas.

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