Restrictions Rehab. Financing Of Poultry Farming Slightly Eased

Bay of Plenty Beacon, Volume 12, Issue 17, 30 January 1948, Page 8

Restrictions Rehab. Financing Of Poultry Farming Slightly Eased

A slight easing of the restrictions on rehabilitation-financed poultryfarm establishments has been decided upon by the Rehabilitation Board. This will allow qualified exservicemen to undertake poultry farming on a part-time basis until the wheat position improves. The Board’s previous policy was to confine meantime establishment of ex-servicemen as poultry farmers, with rehabilitation finance, to those purchasing or acquiring existing economic runs. This policy still stands, but applies to full-time poultry farming only.

Loans For Farmlcts Loans may now also be forthcoming for farmlets which will ultimately depend for main source of income on poultry production, but which are capable of producing remunerative sidelines until such time as the wheat position improves and permits of the farmlets being developed to full economic standard as poultry units. The loan limit will be £2OOO for land and house, plus such additional finance as may be required for the capital improvements needed to start operations with up to 400 birds. The above decisions were based on recommendations from the Board’s farms advisory committee, which stated that there was a number of ex-servicemen who had been awaiting settlement in the poultry field for some considerable time. The relaxation in policy now agreed upon should provide the opportunity for a number of the men who are prepared to combine poul-try-keeping with cash cropping, and allow them to commence in the near future on their own account. While the present difficult feed position continues, however, the Board does not favour financing new propositions which are wholly dependent on poultry for their present income.