PRICE FIXATION
Sir, —Now that the Labour Government has embarked on its scheme of fixed prices, it will be interesting to see what happens in connection with the dairy industry. Already the market for young dairying stock has hardened. and numbers of farmers who for the last few years have been running sheep state that they intend going back to dairying, on account of the guaranteed price for butter-fat. This will naturally mean a huge production of butter in the near future and, as the production of butter has pretty nearly reached saturation point on the world's markets, it naturally follows that if New Zealand's production increases and the export price decreases, the ratepayer will be faced with the unpleasant prospect of having to find a. huge sum to compensate the producer. Unless the Labour Government can find some means of restricting the output of butter without handcuffing our farmers the situation is going to be difficult to handle. Consumes.
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Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22391, 11 April 1936, Page 15
Word Count
160PRICE FIXATION New Zealand Herald, Volume LXXIII, Issue 22391, 11 April 1936, Page 15
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