Forum Archive Index - January 2003

["mvanv" <mvanv@xtra.co.nz>]

With the N.Z. dollar  rising and in my view set to continue rising I   imagine farmers will be

concentrating on one thing;  making the mortage payments. Worse than average spring

production will be insignificant compared to the rising dollar in the minds of farmers.

They will be battening down the hatches and going into survival mode after having bought

their new tractors and utes last year.

   

Another thing which has not yet been mentioned in the WRI  debateis the fact that final

tax from last years bumper incomes will be due  THIS year providing yet another reason

for farmers to cut back spending.

 

WRI currently trading around $ 1.20 in my veiw provides an excellent opportunity to sell

 

 

 

Mike