Wednesday, April 24, 2013

FARMERS ON THE MARCH OVER RURAL DEBT CRISIS

In the last year there have been a series of Rural meetings called to deal with the potentially calamitous Rural Debt Crisis starting with the meeting organised by the Richmond Mayor John Wharton as a consequence of the forced sale of his Queensland North Western property Runnymede at the middle of last year. This in turn led the convening of a Rural Debt Roundtable meeting by Bob Katter, Treasurer Wayne Swan, Federal Agricultural Minister Joe Ludwig and prominent Queensland pastoralists, in Brisbane in October last year. Reports on the Rural Debt Roundtable meeting can be read here.

The Rural Debt Roundtable Working Group (RDRWG), which arose out of the Brisbane Rural Debt Roundtable conference, was invited to and did make pre-Federal Budget 2013 submissions to the Federal Treasurer Wayne Swan and RDRWG convened Rural Debt meetings in Merredin Western Australia and at Colac in Victoria in April this year.

Reports on the Agricultural Crisis meeting attended by 950 farmers in Merredin WA on 15 April 2013 and the 12 resolutions passed at that meeting can be read here and a report on the Rural Debt Summit held in Colac a few days later can be read here.

More Rural Debt Roundtable meetings are planned for Southern New South Wales and Northern Queensland shortly.

The Rural Debt Blowout

Reserve Bank figures say that Australian farm debts have risen rapidly from $31 billion in 2003 to $66 billion (see article by Kate Dowler and AAP in the Weekly Times 17 April 2013 here).

A paper presented by economist and Queensland farmer Ben Rees to the Rural Debt Roundtable conference in Brisbane on 17 October 2012 showed the increasing gap between rural debt and net farm income that started occurring after deregulation of the economy in 1983 reaching a peak of 157.7% of farm production in 2010 which declined to 132% in 2011 (see Rural Debt and NVFP chart above).

Ben Rees says in that article that Australia’s Rural Debt ratio to output is Australia’s equivalent of the European Community “basket case” nations net to GDP ratios. However this statement appears to overlook the fact that the whole of Australia’s private debt to GDP ratios experienced a similar blowout during the same period and peaking with private debt being at about 165% of GDP in 2008 (which was however significantly less than the US’s private debt ratio peak of 303% in 2009.

Ben Rees article entitled Rural Australia Crisis 2012 can be read here.

Senior Lecturer of Economics at Queensland University of Technology Dr Mark McGovern’s address to the WA farmers meeting held at Merredin on 15 April 2013 can be read here.

Details About falling property prices in some cases of up to 50% has effected the Rural Debt owned to value ratios can be found here.

63 comments:

  1. custom essay writing service are extensively available over the Internet now days.Every time anyone search through the world wide web, you will come across the latest internet web site which is advertising along with selling works to unwary college students all over the planet.

    ReplyDelete
  2. However this statement appears to overlook the fact that the whole of Australia’s private debt to GDP ratios experienced a similar blowout during the same period. Order online essay on any theme)

    ReplyDelete
  3. Here we can read about the cattle breeding. If you are interested in this topic, i recommend you to read it more deeply! And I am searching for a person, who will write paper for me .

    ReplyDelete
  4. Hello! I like your article with useful information! Don't spend your time and effort on boring academic tasks! You can always ask these professional essay-mania.com to help you succeed in studying!

    ReplyDelete
  5. Not bad!You descripe everything so cool and it really interesting to read!By the way, I want introduce you one more cool source: http://advanced-writer.com.Thanks for this I forget about problems with my writing tasks.

    ReplyDelete
  6. Honestly speaking, I am not interested in the details about falling property pricese. Most of the times, I was encountering difficulties with my college papers and thanks to http://best-essays-writers.org, the relief was close

    ReplyDelete
  7. Hello! Great post! Top essay writing can help for anyone who need good essay.

    ReplyDelete
  8. I think farmers markets give privately developed produce that is fresher then you can discover at the supermarket. Not all agriculturists market merchant are natural, some utilization normal or natural practices yet are not ensured natural, some are confirmed natural, and some utilization conventional practices. For more information

    ReplyDelete
  9. Hello! I have read your article. Thanks for taking the time and sharing with us this interesting information. I think that government must support the agricultural sector. Please keep me updated about nay news or changes. By the way - http://www.custom-paper-writing.org can help you avoid any paper troubles 24/7!

    ReplyDelete
  10. Pleasant short article, thanks to the details. essayshark review
    It is very comprehensive data

    ReplyDelete
  11. Interesting reading. I think that is one of the most interesting posts here. But I'll check for more.

    ReplyDelete
  12. Thank you for this informative article. Keeping family farm is a nice idea. Home-made products are the most wholesome and nourishing. They are organic and do not contain GMOs. Write more about your personal experience and results. You can use this nice source http://www.grand-essays.com/ to make your custom writing highly qualitative and unique.

    ReplyDelete
  13. i have read your article. it is very informative article. Assignment help Australia Thanx for sharing

    ReplyDelete
  14. We need to develop agriculture! only then our life will be healthy and beneficial food

    ReplyDelete
  15. Hi
    I read your post.this article was very effective and helpful to us. thanks for sharing this amazing article. I am resently
    posted at Corporate Bankruptcy Speak with affordable bankruptcy lawyers Worcester and Boston.
    Get support to file Chapter 7, Chapter 13 and corporate Bankruptcy.

    ReplyDelete
  16. Thank you for sharing such a informative information with us. Keep on sharing the blog like this.

    PhD Thesis Writing Services, Dissertation Writing Services & Research Paper Writing Services

    ReplyDelete
  17. Howdy all, I am another part to this gathering. I am functioning as a International business Consultant.

    ReplyDelete
  18. This article provides me with such information that I couldn't have found anywhere else. Thank you very much for this
    write my thesis ireland

    ReplyDelete
  19. Concerning finding the money that individuals need to pay for crisis costs, there would likewise be times when individuals managing crisis circumstances don't have enough time to manage the issue of faxing the essential prerequisites to a bank. Luckily, individuals who may wind up in these sorts of circumstances can even now access the loans that they require.

    ReplyDelete
  20. Hello
    My name is Chris Paul and This is a very nice post, Thanks for Sharing.

    For Best ITC 571 assignment help in US for 24*7.

    ReplyDelete
  21. Get instant assignment help in Australia, if you are looking for genuine writing service provider...

    ReplyDelete
  22. I have bookmarked your website because this site contains valuable information in it. I am really happy with articles quality and presentation. Thanks a lot for keeping great stuff. I am very much thankful for this site.SattaMatka 143

    ReplyDelete
  23. Get the best assignment help from Australia by experts at affordable prices. Get the best assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  24. Get the best mba assignment help from Australia by experts at affordable prices. Get the best mba assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  25. Get the best human resource assignment help from Australia by experts at affordable prices. Get the best human resource assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  26. Good website! I truly love how it is simple on my eyes and the data are well written. I am wondering how I could be notified whenever a new post has been made. I’ve subscribed to your feed which must do the trick! Have a nice day! watch youtube videos without ads

    ReplyDelete
  27. Everyone in health care wishes that every patient who cannot make important medical decision has an up-to-date advance directive and a properly executed durable power of attorney for health care so that the patient’s voice is as well represented as possible when important decisions need to be made.

    The Retail Banking Decision Making sub-practice combines this Retail banking expertise with our deep content expertise in Finance and Risk topics to support clients in making better decisions in lead generation, credit decision making and ongoing customer management.

    Every School, College or Training Centre needs to identify the present year with an Academic Session which is similar to a Financial Year in Accounting Terms. This assistances you and the system to identify a cycle for your academic institution.

    ReplyDelete
  28. Get the best auditing assignment help from Australia by experts at affordable prices. Get the best auditing assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  29. Get the best operations management assignment help from Australia by experts at affordable prices. Get the best operations management assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  30. Get the best coursework help writing services from Australia by experts at affordable prices. Get the best coursework help writing services writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  31. Such a wonderful information blog post on this topic Allassignmentservices.com provides assignment service at affordable cost in a wide range of subject areas for all grade levels, we are already trusted by thousands of students who struggle to write their academic papers and also by those students who simply want Performance Management Assignment Help to save their time and make life easy.

    ReplyDelete
  32. Get the best constitutional law assignment help from Australia by experts at affordable prices. Get the best constitutional law assignment writing services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  33. This is a great way of presenting information. Very much quiet information and valuable. Thanks from 1377xx, 7star hd movies, 9x movies, aatmanirbhar bharat, online doctor consultation, bolly share hd.

    ReplyDelete
  34. The assignment problem is a fundamental combinatorial optimization problem so assignment help austalia providing top qauality assignment help in Australia with 24/7 Online Assistance. On-Time Delivery. A+ Quality.

    ReplyDelete
  35. The assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities so get the best assignment help from Australia by experts at affordable prices. Get the best assignment Help and services by professional assignment writers of Australia. On-Time Delivery. A+ Quality.

    ReplyDelete
  36. Get the best MBA Assignment Help from Australia by experts at affordable prices and grab the A+ score in our assignment. The assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities so get the best MBA Assignment Help and On-Time Delivery. A+ Quality.

    ReplyDelete
  37. Get the best Nursing Assignment Help and services by professional assignment writers of Australia. The Assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities so get the best Nursing Assignment Help from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  38. Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration.

    Regards,
    Online Essay Help

    ReplyDelete
  39. We provide all type of Programming Assignment Help at affordable price with high-quality services to students in the USA. Our programming tutors and experts are available 24*7 for providing Programming Assignment so get the best Programming Assignment Help from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  40. We assign you the best academic online dissertation help as per your project requirement, Order your dissertations and have one of the best custom dissertation help. We have experienced dissertation writers from every field.

    ReplyDelete
  41. Get the best Law Assignment Help from Australia by experts at affordable prices and grab the A+ score in our assignment. The assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities, we provide a variety of law assignment writing services to help students in their academic and professional legal studies so get the best Law Assignment Help and On-Time Delivery. A+ Quality.

    ReplyDelete
  42. Superb i really enjoyed very much with this article here. Really its a amazing article i had ever read. I hope it will help a lot for all. Thank you so much for this amazing posts and please keep update like this excellent article.

    Regards,
    Online Thesis Help

    ReplyDelete
  43. Hire the best online Management Assignment experts for your Management Assignment Help, projects and solutions at affordable prices. Our tutors and experts are available 24*7 for providing assignments so get the best Management Assignment Help from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  44. Get the best IT Assignment Help from Australia by experts at affordable prices and grab the A+ score in our assignment. The assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities so get the best Assignment Help and On-Time Delivery. A+ Quality.

    ReplyDelete
  45. Get the best Statistics Assignment Help from Australia by experts at affordable prices and grab the A+ score in our assignment. The assignment problem is a fundamental combinatorial optimization problem where the objective is to assign a number of resources to an equal number of activities so get the best Assignment Help from new assignment help with On-Time Delivery and A+ Quality.

    ReplyDelete
  46. Hire the best online Engineering Assignment experts for your Engineering Assignment Help, projects at affordable prices. Our tutors and experts are available 24*7 for providing assignments so get the best Assignment Help from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  47. Hire the best online Chemistry Assignment experts for your Chemistry Assignment Help, projects at affordable prices. Our tutors and experts are available 24*7 for providing assignments so get the best Assignment Writing Help from Australia by experts with On-Time Delivery and A+ Quality.

    ReplyDelete
  48. Get the best Cheap Assignment Help by professional assignment writers with high-quality cheap assignment writing services to students in the USA. Online Cheap Assignment Help Service from new assignment help is used by many of College Students every month to complete their assignments so get the best assignment writing services from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  49. Get the best Accounting Assignment Help by professional assignment writers with high-quality accounting assignment writing services to students in USA. Our accounting tutors and experts are available 24*7 for providing accounting assignments so get the best online assignment writing services from Australia by experts at affordable prices. On-Time Delivery. A+ Quality.

    ReplyDelete
  50. You can choose anything but for a classy look and beautiful vibe we are here with the best solid furniture buy them online at custom houzz . As the living spaces are becoming compact these styles of furniture that will fit any living spaces . Shop the one for your living Area .

    ReplyDelete
  51. You can choose anything but for a classy look and beautiful vibe we are here with the best solid furniture buy them online at custom houzz . As the living spaces are becoming compact these styles of furniture that will fit any living spaces . Shop the one for your living Area .

    ReplyDelete
  52. we believe furniture should create a better everyday life. That's why our office, cafe and home furniture range is designed to make your space .Find most stylish & luxury furniture sofas, beds, chairs, desks, tables and wardrobe made from solid wood.

    ReplyDelete
  53. Explore our top range of living room furniture Designs for bedroom furniture at Custom Houzz. Give your living space an elegant look with the luxurious furniture . All these furniture are comfortable to use and has storage options crafted with high Quality you can Visit us to Know more .

    ReplyDelete
  54. Custom Houzz brings you a wide range of beautifully designed furniture online at reasonable prices you can find the one for your home/office all these furniture are made from premium Quality material buy a classy collection for your home .

    ReplyDelete
  55. we believe furniture should create a better everyday life. That's why our office, cafe and home furniture range is designed to make your space Buy them online at Custom Houzz .

    ReplyDelete
  56. Hire the best online experts for your Social Science Assignment Help, projects at affordable prices. Our tutors and experts are available 24*7 for providing assignments so get the best assignment writing services from Australia by experts with On-Time Delivery and A+ Quality.

    ReplyDelete
  57. Email Templates you will find only on mailerstock To attract the attention of the customers towards Your product. Creating templates for email marketing is a very effective way for you to send campaigns without having to design them every time.

    ReplyDelete
  58. wow this is one of the best blog that I have ever seen so far Top Assignment Writing Services go here for details.

    ReplyDelete