THOUGHTS OF THE TIMES.
THE PLIGHT OF THE FARMER. “The position to-day is, as you all know, that farmers cannot meet their obligations. Many are unable to meet the ordinary costs of farming, and in-, tercst and rates and other charges are ■piling up into a mountain of debt that must ultimately engulf us. There is no getting away from the. fact that a continuance of existing conditions will soon bring farming, and many associated industries, to a standstill,. No dispassionate observer can dispute the fact that while farmers unquestionably made a lot of money ih the boom years after the 'war, they have incurred heavy losses since that time which have ruined many of them. It has become increasingly apparent during the past 12 months that there i& little to attract confidence and money to the land. An obscure gold minie in China or an oil well in Persia would command more capital to-day than any agriculture enterprise in this country.” —President, Otago Farmers.
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Hokitika Guardian, 8 June 1931, Page 4
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165THOUGHTS OF THE TIMES. Hokitika Guardian, 8 June 1931, Page 4
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