Labour’s Farm Policy
Sir, —If N. J. Jackson thinks farmers have a lot to thank Labour for, he should think again. Farmers came out of the slump when prices rose overseas. Mortgage reductions were paid for by farmers who, after selling their farms at market price, had those prices reduced. Butterfat was the same price from 1938 to 1942 when farmers’ costs rose 75 per cent in some cases to 145 per cent in others. Rehabilitation, while rightly giving 1942 values to ex-servicemen, made those who sold their farms pay the concession byhaving their assets written down. The Land Sales Act kept farm values down while values elsewhere rose. Farmers selling farms were forced to sell at a devalued price and then buy a home in town at market price. The suggestion that abolition of the Land Sales Act is responsible for high death duties is too ridiculous to answer.—Yours, etc., COME INTO MY PARI,OUR. . . . August 18, 1966.
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Press, Volume CVI, Issue 31144, 22 August 1966, Page 12
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158Labour’s Farm Policy Press, Volume CVI, Issue 31144, 22 August 1966, Page 12
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