Bumper pay day arrives, but not a cent to spend

 The good news; I just received the biggest pay day I have ever seen.

The bad news; My bank account is still deeply overdrawn with no hope of paying any principal off the mortgage or paying back family members I also owe money to. Never mind – maybe next month (she says again)?

I just hope the current high dairy payout lasts long enough this time to at least put paid to the overdraft part, because to be honest, after nearly a decade of self employment/herd ownership, I might have to start admitting that the constant financial burden is starting to wear me down.

If I showed a townie last month’s dairy cheque, their eyes would pop right out of their head. It is so huge, more than what I earned in a whole year in my last town job. But the wave of excitement that ran though me upon opening the envelope and discovering the riches inside was immediately doused by the cold shower of realisation that after the bills were paid and the bank took the rest there was less than none left for me.

The watershed moment was around 10 years ago when I walked away from a train wreck of a relationship with no real assets and many responsibilities.

The decision to start a career in dairy farming was based more on the fact that a free house came with the job than any desire to make a fortune.

Looking back it seems miraculous even to me that I have survived let alone grown a tiny business into the small business that I run today. And maybe that lack of scale is my problem.

The most my 170 cows have ever produced in a season is 67,000kg/ms and some years they have produced a lot less than that. Production costs have steadily risen over the years but I’ve generally stayed away from systems that call for expensive feed inputs. Of course the weather has taken its toll on some seasons but my policy has always been to concentrate on moaning about the things I can control. You have to take the weather as it comes.

So, 10 years ago I might have had enough deposit to buy a really crappy house and go on the DPB but instead I bought half a herd of cows and half the machinery to run a small sharemilking operation.

Over the course of the years I have borrowed money off the bank and my mum (thanks, Mum) to fully buy the machinery (imagine riding around on half a tractor) and bred the cows to increase my cow ownership from 86 to 160 with another 67 calves coming on. But boy, it’s been tough and slow.

Advisers said to me in the early days, farming is a hard business, do you think you can handle it? Thinking they meant physically I was always mildly offended as I thought they suspected a woman would crumble at the first hurdle.

“I’ll be right, mate, tough as leather, me.” And I was right. Dodgy knees and all, I haven’t had a day off injured or sick in 10 years. But with a decade’s retrospect could they have meant, “Can you handle it mentally?” Can you handle tough physical work with a huge financial burden combined with payout volatility and seasonal variation, , year after year after year?

Situation normal, I’m afraid, and right now I’ve got my eyes on the prize … next month’s milk cheque, which by my calculations will get me within a hen’s tooth of being in credit, then pay some off the mortgage, then pay Mum back … oh God – Christmas!



Not a cent xyz affair

In the wake of the French Revolution, relations between the new French Republic and the United States become ever more strained. Three French agents, publicly referred to as X, Y, and Z[2] demanded major concessions from the United States as a condition for continuing bilateral diplomatic relations. The concessions demanded by the French included 50,000 pounds sterling, a $12 million loan from the United States, a $250,000 personal bribe to French foreign minister Charles Maurice de Talleyrand, and a formal apology for comments made by President of the United States John Adams.[3]

 

The demand came during a meeting in Paris, France between the French agents and a three-member American commission consisting of Charles Cotesworth Pinckney, John Marshall, and Elbridge Gerry. Several weeks prior to the meeting with X, Y, and Z, the American commission had met with French foreign minister Talleyrand to discuss French retaliation to the Jay Treaty, which they perceived as evidence of an Anglo-American alliance. French privateers seized nearly 300 American ships bound for British ports in the Atlantic, Mediterranean, and Caribbean seas.[4] Adams decided on sending Pinckney as part of the commission as Franco-U.S. relations had recently worsened by Talleyrand‘s rejection of Pinckney as America’s minister to France. The French continued to seize American ships, and the Federalist Party, incited by Alexander Hamilton, advocated going to war. Congress authorized the build-up of an army.[5]

The American delegates found these demands unacceptable, and answered, “Not a sixpence”, but in the inflated rhetoric of the day, the response became the infinitely more memorable: “Millions for defense, sir, but not one cent for tribute!”[6]

The United States offered France many of the same provisions found in the Jay Treaty with Britain, but France reacted by deporting Marshall and Pinckney back to the United States, refusing any proposal that would involve these two delegates, both key Federalists. Gerry (a Jeffersonian Republican added to the delegation to give it credibility) remained in France, thinking he could prevent a declaration of war, but did not officially negotiate any further.[7]

Republicans in Congress, thinking Adams might be hiding the truth, demanded he release the French proposals. After refusing to do so for some time, Adams then released the report of the affair resulting in a wave of passionate anti-French sentiment across the U.S. that seriously damaged the Republicans and helped the Federalists win the 1798 elections.[8] A formal declaration of war was narrowly avoided by Adams’ diplomacy, specifically by appointing new diplomats including William Vans Murray to handle the conflict.

The Quasi-War began in July, 1798. While there was no formal declaration of war, the conflict escalated with more French seizures of American merchant ships, American seizure of French merchant ships, and the abrogation of the Franco-American Alliance. Adams again sent negotiators on January 18, 1799, who eventually negotiated an end to hostilities through the Treaty of Mortefontaine in September 1800. Napoleon Bonaparte overthrew the former French government responsible for the XYZ affair on November 9, 1799, so American diplomats were no longer negotiating for peace with a party directly involved in the affair.[9] During negotiations with France, however, the U.S. began to build up its navy, a move long supported by Adams and Marshall, to defend against both the French and the British. In addition, in a speech delivered on July 16, 1797, Adams championed the formation of a navy and army, while emphasizing the importance of renewing treaties with Prussia and Sweden.[10]

Leave a Reply