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Originally posted by chrisgoh
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How much of the water and how much pollution? -
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Yeah, lots more tourists, great for the masses earning minimum wage providing services for them. Tourism is not the answer to providing meaningful, high wage jobs for our workers.Originally posted by JBM View Post
Viva la tourism!
CraigComment
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In Hawaii they sold off their land and now they carry the bags for the tourists, NZ is just a biger version of that IMHO.
Yes 6% of the economy using a big chunk of the environment.
In Aussie, they use 80% of their water on agriculture which is 3% of GDP.Squadly dinky do!Comment
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Yes but first American businessmen overthrew the Hawaii leaders and forced an illegal territorial annexation to the United States....Originally posted by Davo36 View Post
then the new owners sold off the lands and made millions ...Comment
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Good point, however they might leave in droves soon as things are about to get messy within the next yearComment
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Whole Milk powder down 13 % overnight.
Possibly another $1 reduction on the Fonterra payout.
More weakness forecast on oversupply.
Very noticeable effects on the economy expected.
1pm: 523 Fonterra jobs going.Last edited by speights boy; 16-07-2015, 02:06 PM.Comment
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Banks call in farmer debt as prices plunge
Whangarei-based organisation Farmers of New Zealand says some are being given 30 days to refinance or face mortgagee sales and stock seizures.
"What they simply do is they say `we're not going to roll over your mortgage' and if you don't refinance in 30 days they issue a Property Law Act notice that's tied to the land," director Bill Guest told Radio New Zealand.
An Auckland lawyer who works on farm debt, John Waugh, says new payout forecasts are below the worst-case scenarios banks have worked out for some heavily-indebted farmers.
He says the banks are worried about public backlash and he knows of one that has forced farmers off their land and made them sign confidentiality agreements to avoid publicity.Comment
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Is Hamilton 'Dairy Country'?Comment
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Hamilton is the best dairying country in NZ.Originally posted by Gary Lin View PostSquadly dinky do!Comment
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Well I would be very sceptical about buying there now...Originally posted by Davo36 View PostComment
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Why Gary? The cows don't live in town.
Is anyone surprised that banks want to get their money out of severely overleveraged farmers? Two years ago dairy was booming- how quickly it turns. What will happen to overleveraged "investors" in Auckland should the housing market face a similar downturn? Sure the factors that hit dairy are different to property but the outcomes for both could be very, very messy.
I guess we can keep convincing ourselves that property downturns never happen.
CraigComment
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Some dairy farmers will not survive the plunge in dairy prices - Federated Farmers
Falling dairy prices will spell the end for some farmers, Federated Farmers president William Rolleston says.Squadly dinky do!Comment
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20 July 2015
John Key has downplayed the concerns of New Zealanders, saying the economy is well-balanced and remains in a strong position despite spiralling dairy prices and a downturn in the Chinese markets.Comment
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It's great - no need to mow my lawn as the local farmet just puts the electric fence out and the cows eat the berm and fertilise at the same time.Originally posted by Gary Lin View PostComment
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