DANGEROUS POSITION

Otago Daily Times, Issue 27092, 28 May 1949, Page 4

DANGEROUS POSITION

Prudence Urged on Farmers Though he was not unduly pessimistic, prudence suggested to him that farmers should realise that they were in a dangerous position to-day in which prices could fall more rapidly than a corresponding adjustment In taxation and costs of production could be effected, said Mr A. McMillan, at the annual provincial conference of Federated Farmers yester- . day afternoon. Farmers were inclined to lean mentally on the millions in the various pool accounts, but when they realised the immensity of some of the country's international financial commitments it was evident that those sums, substantial as they were,- could be soon dissipated. When farmers had shared their prosperity with Mr Nash, let them look carefully' after the little that was left—it might not always be so much. .*■ Let me make a plea for the maintenance and improvement of the quality of Our products,” Mr McMillan said, " for passing us as we are from a seller to a buyer market high quality must be the deciding factor in the retention of the place we have won against world competition on overseas markets.”