Agribuzz with David Leyonhjelm
I think that most of the people who are on this blog need a career change! Running for higher office perhaps?
I think that farmers walking off the land is a splendid idea! I dont think that it would be too hard to find someone to take them on and have a crack (me for one), maybe it is even a more accurate representation of the real value of the land! Any earnings multiple of zero is zero right?
So no foreigners means that we should return all agricultural land to the traditional owners?
Two types of producers accessing these loans, the ones who expanded in the 2000's and now have hit dry times and depressing asset values, and producers with poor business models/poor management practices who are bleeding $$. The first are big boys who knew the risks, the second we will throw cash down their throats forever with no return. Seems pointless to me.
The banks want to be repaid the money that they lent people, and to be repaid under the terms of the agreement that the person singed. Yet this seems unreasonable? For your peoples sake I hope that the "entitlement" cash cow never runs out, you would find the real world a very scary place indeed!
The three comments above are spot on. Droughts come and go, and will continue to do so. If you are in a marginal area I fail to see why this is such a surprise.
The banks have a legal and moral obligation to act in the best interests of their shareholders.
The danes have backed the wrong horse here. There are a number of people (Beetaloo for example) that are going ahead in leaps and bounds through implimenting cell grazing in extensive areas and making a success of it. I hope it doesent blow up (12% return??), we need corporate funds to invest in ag but it needs to be done well, otherwise everyone loses.