Assurance to farmers
Wellington reporter Farmers will not find themselves at the end of the queue seeking a share of the capital available over the next few years after $4OOO million has been found for the energy programme, the Prime Minister (Mr Muldoon) assured the annual conference of Federated Farmers.
The Government was fully aware that to achieve a 2 per cent annual growth in stock numbers over the next few years would require that farmers plough back into their businesses about $lOOO million, Mr Muldoon said. Some of this would come from the reinvestment of income, but much of it w-ould have to be injected into the
industry by the agencies supplying credit. As well the processing sector would require another large amount of investment capital. It all pointed once again to the need to restrain consumption and for everyone to channel their savings into productive uses, Mr Muldoon said.
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Press, 23 July 1980, Page 3
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151Assurance to farmers Press, 23 July 1980, Page 3
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