Announcement
Collapse
No announcement yet.
Dairy Woes
Collapse
X
-
Yep, toooooo many dairy farms in the South Island
equates to tooooooo much milk.
But Fonterra will continue to milk the local consumers."There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
-
When the payout to farmers was high there were many who farmed for cashflow.
They used this boom period to reduce debt.
They will be very pleased they did.
They were others who farmed for future tax free capital gain.
They used this period to take on extra debt to buy more farmland.
Many of these will be anxiously pouring over the books.
Comment
-
....yes it's a worry re. the farmers in debt - it's an industry that has a high suicide rate. Many have diversified to survive - but it takes investment to do that too.
cheers,
donnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
BusinessBlogs - the best business articles are found here
Comment
-
Originally posted by speights boy View PostWhen the payout to farmers was high there were many who farmed for cashflow.
They used this boom period to reduce debt.
They will be very pleased they did.
They were others who farmed for future tax free capital gain.
They used this period to take on extra debt to buy more farmland.
Many of these will be anxiously pouring over the books.
Comment
Comment