Call for 25% dollar drop
A fall in the New Zealand dollar of up to 25 per cent is needed to provide the “blood transfusion” farming requires, according to the Opposition spokesman on agriculture, Mr lan McLean.
The Government could get the dollar down by reducing borrowing and by lowering the exchange rate, he said.
“A drop of 10c to 15c would be a blood transfusion for farmers and also exporters.” The $2OO million farm relief package announced by the Government was only treating the problem with “band aid” measures. >
Even a small drop of the New Zealand dollar against the United States dollar would help fanners, said Mr McLean.
Drought relief measures for farmers also needed to be improved, he said. Farmers with little or no equity needed help to stay on the land or help to get off it.
“Now they are in limbo,” said Mr McLean.
Loans would be written off for fanners who sold their farms within three years under the Government’s package but this was not long enough, he said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19851015.2.85.7
Bibliographic details
Press, 15 October 1985, Page 14
Word Count
175Call for 25% dollar drop Press, 15 October 1985, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in