FARM MARKETING ACCOUNTS

Putaruru Press, Volume XXI, Issue 1240, 24 July 1947, Page 2

FARM MARKETING ACCOUNTS

TRUE FINANCIAL PICTURE Marketing- Department Report The annual report of the export division, Marketing Department, has been released, and primary producers are able to see for themselves the true financial picture of their export trade, according to Federated Farmers. Two accounts in particular tell the financial story of the dairy industry. Thei dairy produce account, first established when the guaranteed price was instituted, shows the surplus from the >sale of the seaon’s produce after payments to the producer have been made. Except for deficits of £276,850 on the 1936-37 season’s price, and of £2,514,889 on the 1938-39 season, that account has shown an, annual surplus and thci present balance, or the net surplus from' the commencement of purchase up to July ' 31, 1946, is now £2,605,444. From previous year’s accounts, £1,492,098 was transferred to thci dairy industry stabilisation account, and a further £1,113,346 was transferred for 1946-46.

Dairy Industry Account The dairy industry stabilisation account, which showed a credit balance of £4,676,446 at July 3,1, 1945, now has a balance of £4,703,240. To last year’s balance has been added the proceeds of increases in saleprices of produce sold to the United States army, £68,402; an amount of £144,029 transferred from the purchase and sale account, 1944-45 season; a further £5,823,468 from that same revenue account for 194546 and the balance of £1,113,346 from the dairy produce account, 1945-46. Against these credits have been set the dairy -factory and farmcosts allowance, subsidies on fertilisers, cheese-crate and butter-box payments, increased storage costs and costs of dairy factory requisites, etc., leaving a balance at July 31, 1946, of £4,703,240, an increase for the year of £27,794.

Stabilisation of Meat The meat industry accounts of interest are the meat industry stabilisation, -account and the meat pool account. In (both, however, must be read the purchase and sale account for the season’s killings, which shows that of the profits, the proceeds of increases in sale prices of meat after stabilisation date of December 15, 1942 (£3,333,068), less the amount of increases in the purchase prices of meat after October 1, 1944 (£1,916,781), a net amount of £1,416,287 was transferred to the meat industry stabilisation account. The remaining surplus of £1,342,026 was carried to tha meat pool account. The meat pool account at July 31, i. 946, showed a credit balance or total surplus of £8,931,174, an increase of £2,685,761 for the year. The mciat industry stabilisation account shows a surplus of £3,270,754, or an increase of £357,083, made up by setting ofl; the agreed subsidy payments against the various surpluses credited to the account. The bobby calf pool account is in credit to an amount of £292,566, while the bobby calf stabilisation account has a credit of £146,898 at July 31, 1946. With the withdrawal of the freezing works subsidy recently announced and the cessation of the local market subsidy of £400,000, the meat industry stabilisation account should show a larger increase of balance for 1946-47 season, now nearly ended. The tallow account shows a surplus of £5705, and the hide account a deficit of £l2. Skeep skin control showed a gross surplus of £27,342.