PRODUCE PRICES

New Zealand Herald, Volume LXXVI, Issue 23471, 7 October 1939, Page 16

PRODUCE PRICES

FEE DAIRY GUARANTEE ) COMPANIES' OPINIONS \ DISAPPOINTMENT EXPRESSED \ LOWER RETURN FOR FARMERS [FROM OTJR OWN correspondent} ' HAMILTON. Friday A feeling of disappointment was cx- | pressed by officials of "\\ aikato dairy ; companies when interviewed respecting i the Government's announcement of the ; guaranteed prico for dairy produce for I the 1939-40 season, t "I feel confident that the reaction ] throughout the industry will be one of J extreme disappointment, particularly I in view of tho way costs have risen J during the last 18 months," said ouo » secretary. The farmers, he added, hoped | for. a hotter prico to offset these costs. ? Another secretary said that further ' information was required beforo ado-, I quato comment could bo made. Tho ? prico /meant little unless the farmers i knew what figure tho Government was to receive for the produce. Freights had * risen, all building costs had increased, insurances were higher, and the Dairy ) Board levy was up 100 per cent. These factors would mean a substantial drop in tho monetary return for the producer, while, in view of tho labour and Beasohal difficulties being experienced, nn increase in production could not be expected. *