Mike Rahilly

Husband, emotional support human to my dog, retired.

[Mike Rahilly @Alacrity59]

A lot of people are spending their wealth now just to eat and be housed. The median wealth being higher than the US is a good thing but we need to address the main issues of GDP (income), productivity, and investment in productive capacity. Stop sitting on the fence on pipelines and repealing Trudeau era anti investment laws would be a great start.

[Mike Rahilly @Alacrity59]

@preta_6 @moebius_strip If it is Chanel I wouldn't be surprised if she got it second hand given her reported environmentalism.

[Mike Rahilly @Alacrity59]

1) Sure there is some Trump crap but it is not all Trump crap.
2) Given the Trump crap we need to adapt our plans and deal with the world as it is not the world we want to be.
3) Time to knock off the crappy fence sitting / dance of the seven veils. Get moving damn fast on opening up the spigots for Canadian oil and natural gas. All this hemming and hawing is not preventing a molecule of pollution. If the world is not burning Canadian products they are burning products from other producers that are likely not as clean as Canadian.

[Mike Rahilly @Alacrity59]

@acoyne Continuum. People can't afford the house they don't yet have → people can't afford the house they do have.

[Mike Rahilly @Alacrity59]

@13Firecracker13 @FoodProfessor "You aren’t speaking for mothers you’re speaking over mothers."

Is that a bad thing?

[Mike Rahilly @Alacrity59]

The 2008 formula scandal is one of the reasons the plant was built in Canada. Feihe, the parent company, arose as an untainted source of formula after the scandal. The Canadian production has to meet Canadian standards and any shipped to China has to also meet Chinese standards. Probably better enforcement on imported product than domestic enforcement. Quality is the main selling point.

[Mike Rahilly @Alacrity59]

@13Firecracker13 @FoodProfessor Well up to you but it sounds like a weird decision. You're not going to find a more Canadian infant formula. The grocery store has a lot of product from with foreign controlled brands. Personally I don't agonize over this fact.

[Mike Rahilly @Alacrity59]

@13Firecracker13 @Charle5_chuck @FoodProfessor Was a benefit for Canadian mothers supposed to be part of the deal? If there were other Canadian manufacturers there would be competition but there aren't.

[Mike Rahilly @Alacrity59]

@13Firecracker13 @Charle5_chuck @FoodProfessor How so? I'm not following?

[Mike Rahilly @Alacrity59]

@13Firecracker13 @FoodProfessor It's clearly marked as made in Canada. 100% Canadian milk but likely the additives and vitamins are sourced from China. If it was 100% Canadian it would be marked as Produced in Canada.

[Mike Rahilly @Alacrity59]

@JockGraham54610 @FoodProfessor Export classification is based on where the goods are produced and shipped from, not on who owns the company.

[Mike Rahilly @Alacrity59]

@Charle5_chuck @FoodProfessor EDC would gladly lend to a Canadian company if they had a market to sell into. This particular effort benefits Canadian farmers and workers. Should we not do it because it also benefits China?

[Mike Rahilly @Alacrity59]

@Charle5_chuck @FoodProfessor It's not a loan from Canadian taxpayers. It is from EDC, a crown corporation, who borrows from capital markets. They make a profit on the difference between the rate they lend at vs the rate they pay and pay dividends from this profit to Canada.

[Mike Rahilly @Alacrity59]

@JonFraserTF Please have your doctor write me a perscription.

[Mike Rahilly @Alacrity59]

@DefazioIvano Delusional voters?

[Mike Rahilly @Alacrity59]

@sadforcanadians @KellYoungblood @podcastcop @BarberraBarker @epasayta @FoodProfessor There was definitely some of that and a hellish amount of safety issues. Wasn't pretty at all.

[Mike Rahilly @Alacrity59]

@epasayta @KellYoungblood @podcastcop @BarberraBarker @FoodProfessor Ouch. The brain trust has spoken and I've been found wanting. I'm going out to the garden to eat worms.

[Mike Rahilly @Alacrity59]

@Victoria59L Yes

[Mike Rahilly @Alacrity59]

Let's add some information:
- When the deal was made in 2017 there was no baby formula shortage. As you say the plan was always to export the majority of product produced to China.
- Plant capacity is greater than the whole Canadian formula market.
- In 2022 when Abbot shut down it's Michigan formula production Royal Milk could not sell in Canada as it had not yet had Canadian Government approval
- Under supply management, milk prices are set through a regulated pricing process based on production costs, not on short-term bidding wars between processors. A new processor cannot simply bid milk away from existing processors and drive prices sharply higher
- When there is additional demand farmers buy quota and produce to that demand.
- Formula produced is a Canadian export not a Chinese export.
- They are selling domestically and are the only producer in Canada. More options for supply is better for Canada.
- Taxes on the 160 employees, farm profits, and all other economic activity are not peanuts. They are significant.

I don't see a downside to any of this. I'd welcome investments from any country to come in and do the same.

[Mike Rahilly @Alacrity59]

@KellYoungblood @podcastcop @BarberraBarker @epasayta @FoodProfessor Isn't all that great news? EDC is making money on the loan. Farmers are selling more milk. Kingstonians get jobs. Government gets tax revenue on all of it.