BRIGHT PROSPECTS

Poverty Bay Herald, Volume LIX, Issue 17781, 17 May 1932, Page 9

BRIGHT PROSPECTS

SOUTH AUSTRALIAN FARMING! Produce from the farms in South Australia this year is valued at £15,000,000 as compared with £13,500,000 last year. A definite improvement in South Australia's position is noted by the chairman of the Associated Banks, Mr. Matthews, who states that the drift in farm accounts has definitely stopped. In a number of instances producers have been able to find finance with which.' to carry on and some have been able to reduce their debit accounts. “It has been the best opening of a season for several years," lie said. “The State has reason to look to ‘he future with optimism. There is not a section of the varied agricultural country, from the far west c6ast to the south-eastern corner adjoining tho Victorian border, but has had an abnormally good and early rainfall." The effect of this is confidently expected to result of a record acreage under wheat. South Australia’s best yield to date was 45,745,004 bushels in 1916-17, an average of 16.4(5 bushels from 2,778,357 acres. South Australia has high hopes of boating that yield, eVen though the official estimate has been set, down at 444 millions. Tho good dairying conditions of last year are being followed this year by better. Last year’s butter export amounting to more than 2000 tons, is expected to be exceeded, and a big export of cheese will follow naturally,