Arable industry welcomes support
"Thc Arable industry welcomes the Rural Bank's move into the- commercial area," said Mr David
Ritchie, chairman of the Agriculture Section of Federated Farmers. Arable exports are a
growth industry with a need for investment in machinery to maximise it's potential. The industry hoped that with the increased funds available the Rural Bank would be in a positipn to lend on machinery replacement and investment. Previously, capital for machinery replacement and upgrading has not been readily available. This move will reduce the ad-vantage held by the pastoral sector who have always had access to Rural Bank finance for capital stock. Mr Ritchie commented that he hoped this was the first step towards removing the distortions affecting land use. Government support measures to the pastoral sector have maintained land in pasture which could well have given a higher overseas revenue from cropping, concluded Mr Ritchie.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAIBUL19840214.2.20
Bibliographic details
Ngā taipitopito pukapuka
Waimarino Bulletin, Volume 1, Issue 34, 14 February 1984, Page 6
Word count
Tapeke kupu
148Arable industry welcomes support Waimarino Bulletin, Volume 1, Issue 34, 14 February 1984, Page 6
Using this item
Te whakamahi i tēnei tūemi
Ruapehu Media Ltd is the copyright owner for the Waimarino Bulletin. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ruapehu Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in