No “Magic Formula” For Dairy Industry

Press, Volume CIX, Issue 31983, 9 May 1969, Page 10

No “Magic Formula” For Dairy Industry

Hope that the committee i of inquiry into the dairy in- i dustry would result in recon- < mendations of benefit in both j the lone and short terms was < expressed by the chairman of ] the dairy section executive of North Canterbury Federated 1 Fanners (Mr F. H. Eggles- 1 ton) in his report to the < twenty-fourth annual confer-i ence of the section in Christ-1 church yesterday. 1 Mr Eggleston said, however, i that he did not expect the i committee to produce a i magic formula wbieh would 1 restore prosperity to the in- 1 dustry overnight. i "The efforts of the Government and Dairy Board to ob- < tain a fairer method of mar-i keting are meeting with little n

success. Until the heavily subsidised countries agree to discontinue dumping their produce on world markets we cannot hope for greater prosperity." he said. The committee set up by the board at the request of the federation’s Dominion dairy section council, was investigating . many aspects of the industry with very wide terms of reference. Some rationalisation of the industry was necessary as the deficit in the dairy account would be more than s2m for this trading year, malting a total deficit of slsm. Mr Eggleston was re-elected ehairman of the executive, and Mr J. R. Marwick was re-elected vice-chairman.