Алекс
09-17-2007, 07:15 PM
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKnXT2R4APnU
Sept. 17 (Bloomberg) -- Australia will spend an extra A$430 million ($363 million) on relief for farmers facing the worst drought in a century.
Prime Minister John Howard said the timeframe for people receiving ``exceptional circumstances'' aid would be extended to September 2008 from its current deadline of March. The government also will extend the assistance to areas of Western Australia and Tasmania. The extra money, from the 2007-08 budget, comes on top of A$2.4 billion spent on drought assistance since 2001.
``We're announcing a package which will provide an additional $430 million of drought assistance to farmers throughout Australia,'' Howard said in a statement e-mailed to Bloomberg.
Australia is struggling to recover from the nation's worst drought in a century, which cut economic growth last fiscal year by 0.75 percent. Lingering dry weather is threatening crop production this harvest, helping send global wheat prices to a record and forcing farmers to sell livestock they can't feed.
``This drought has reached a scale that is unprecedented,'' David Crombie, president of the National Farmers' Federation, said in an e-mailed statement. ``Adding insult to injury, demand for global agricultural commodities is at record highs, with many prices at their highest levels since the 1980s.''
Crombie said conditions in the Murray-Darling Basin, where 40 percent of Australian crops are grown, were ``extreme and deteriorating daily'' and that exceptional-circumstances funding may be needed to address a ``crisis'' there.
Australia is vying with Canada to be the world's largest wheat exporter after the U.S. It is the second-largest beef exporter.
Howard, 68, is trailing the opposition Labor Party in opinion polls ahead of an election due by early December. The National Party, the junior member with Howard's Liberals in the governing coalition, represents rural areas and has 17 members of parliament.
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Australia is overpopulated.
Sept. 17 (Bloomberg) -- Australia will spend an extra A$430 million ($363 million) on relief for farmers facing the worst drought in a century.
Prime Minister John Howard said the timeframe for people receiving ``exceptional circumstances'' aid would be extended to September 2008 from its current deadline of March. The government also will extend the assistance to areas of Western Australia and Tasmania. The extra money, from the 2007-08 budget, comes on top of A$2.4 billion spent on drought assistance since 2001.
``We're announcing a package which will provide an additional $430 million of drought assistance to farmers throughout Australia,'' Howard said in a statement e-mailed to Bloomberg.
Australia is struggling to recover from the nation's worst drought in a century, which cut economic growth last fiscal year by 0.75 percent. Lingering dry weather is threatening crop production this harvest, helping send global wheat prices to a record and forcing farmers to sell livestock they can't feed.
``This drought has reached a scale that is unprecedented,'' David Crombie, president of the National Farmers' Federation, said in an e-mailed statement. ``Adding insult to injury, demand for global agricultural commodities is at record highs, with many prices at their highest levels since the 1980s.''
Crombie said conditions in the Murray-Darling Basin, where 40 percent of Australian crops are grown, were ``extreme and deteriorating daily'' and that exceptional-circumstances funding may be needed to address a ``crisis'' there.
Australia is vying with Canada to be the world's largest wheat exporter after the U.S. It is the second-largest beef exporter.
Howard, 68, is trailing the opposition Labor Party in opinion polls ahead of an election due by early December. The National Party, the junior member with Howard's Liberals in the governing coalition, represents rural areas and has 17 members of parliament.
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Australia is overpopulated.