Thread: I believe this is serious?

Check this site out. Hard times have been here since day one. Hard people cope, & deal with it. No one wants pity. Bob


Aussie Helpers Charity for Australian Farmers' Families in Hardship Home - Aussie Helpers Charity for Australian Farmers' Families in Hardship

Check this out, this is how quick it can turn around, You just have to have the balls to stick. Doesn't mean the cockies are out of trouble yet, Bob


Cloncurry dam full - ABC Rural (Australian Broadcasting Corporation)

Originally Posted by bob10

Check this out, this is how quick it can turn around, ------ Doesn't mean the cockies are out of trouble yet

Double edged sword.

The wide spread rains bring on fresh feed and the Farmers lucky enough to be left with some cash after the drought will be looking to restock, the others will have to wait to refinance, needing to prove that they have the means to repay.

Initially the first in, will be able to buy their store stock at cheap prices and as the supply dries up the prices go up, then as more Farmers get the finances they need and they find their borrowed dollar's doesn't set them up for a profitable year as their loan interest is chewing at any money they make.
.

As they say - "it does not rain money". Many of the farmers round here, if not most, have had at most two good seasons after ten years of drought - and they not only had little income over those years, but still have to service the debt that built up over that time.

And they often cannot even walk away, because their debts exceed (or pretty close) the equity they have in the property; if they walk away, they have nothing, and still have some of the debt. If they hang on, at least there is a roof over their heads.

John

Yes, it can take years to get back on your feet, my memories of central Qld. as a lad many years ago, is the huge number of mummified sheep, and the smell. However, the full dam in Cloncurry means they may not have to evacuate the town. Without the support of the town, & the infrastructure that represents, to those on the land it could be the final nail. Bob

Was it full from rain or the transfer from the other dam?

My father told me, years ago, the Aborigines in the north west used to say, you see pelicans, heavy rain coming. Bob


Pelicans sighted in Red Centre desert after rain - ABC News (Australian Broadcasting Corporation)