Ray rings debt alarm bells
13 Feb, 2013 01:00 AM
WEST Australian farmer Ray Marshall is sounding the alarm bells over a national rural debt that has more than doubled over the past 10 years.Last week, Mr Marshall circulated disturbing figures from the Reserve Bank of Australia (RBA) saying the national rural debt had escalated sharply from $31 billion in 2003 to $66 billion last year.
“To be brutally honest I was gobsmacked when viewing the figures,” he said on an email sent to media and other stakeholders drawing attention to the issue. Continue Reading…