Subsidisation Keeps Growing

David Hall ()

Chapter Chapter 13 in Agricultural Economics and Food Policy in New Zealand, 2021, pp 187-200 from Palgrave Macmillan

Abstract: Abstract World recession hit the export industries. The Government granted $71 million to establish stabilisation funds for farming and to hold farm costs. Special measures were introduced for agricultural servicing industries and tax advantages encouraged development of the cooperative movement in farming. Responses to the Government’s assistance demonstrate the perception of farming subsidies by others. The Federation proposed measures to control the Government’s economic policy and the Federation was invited, unusually, to attend the Cabinet Economic Committee. The Government adopted many points made by the Federation. A new Prime Minister, Robert Muldoon, emphasised the need to increase farming exports; ‘Supplementary Minimum Prices’ (SMPs) were introduced to meet farmers’ living expenses, operating expenditure and new development. Farming was now a highly-subsidised industry.

Keywords: Farmers influence on national economic policy; Supplementary Minimum Prices; High level of subsidies (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-3-030-86300-5_13

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DOI: 10.1007/978-3-030-86300-5_13

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