RURAL LIFE Some of the reasons why farmers need a new bank*

The worsening state of the dairy industry is symptomatic of the broader rural crisis that has just been investigated by Queensland’s farm debt inquiry. That inquiry has recommended the creation of a rural and industries development bank. Protesting Victorian farmers have called for assistance because prices for milk have declined even as production costs have kept rising. They have called for 50¢ to be paid directly to farmers from each litre of fresh milk sold. The industry w…

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