THE PRICE OF WOOL

Dominion, Volume 19, Issue 156, 29 March 1926, Page 7

THE PRICE OF WOOL

Sir,—“Farmer,” in your issue of March 23, says: “ ‘Critic’quotes land at £s' an acre,”' and he then bases some arguments on this. Unfortunately for him “Critic” did not say anything of the kind; what he did say was that land of the carrying capacity instanced by vour original contributor, was obtainable at from £8 an acre or even less (as evidenced in your advertising columns), and therefore your contributor's calculations based on £ll an acre must be modified. “Farmer’s” arguments founded on an entire misquotation are therefore useless, and his talk of theatres, etc., are beside the issue, and have nothing to do with the case. The whole point is whether the value of land should be based on the market value of its produce, or whether the world’s wool buyers should pay New Zealand producers a special price in order to keep up the absurdly high land values. . “Farmer” does not touch on tins point at all, and yet the high price of New Zealand farming land is at the bottom of most of the farmers’ difficulties to-day.—l am, etc., CRmc