{"id":12301,"date":"2019-11-07T14:43:47","date_gmt":"2019-11-07T09:43:47","guid":{"rendered":"http:\/\/umang.pk\/2019\/11\/australia-offers-drought-ravaged-farmers-up-to-688-million-in-cheap-loans\/"},"modified":"2019-11-07T14:43:47","modified_gmt":"2019-11-07T09:43:47","slug":"australia-offers-drought-ravaged-farmers-up-to-688-million-in-cheap-loans","status":"publish","type":"post","link":"https:\/\/umang.pk\/ur\/2019\/11\/07\/australia-offers-drought-ravaged-farmers-up-to-688-million-in-cheap-loans\/","title":{"rendered":"Australia offers drought ravaged farmers up to $688 million in cheap loans"},"content":{"rendered":"
\n
\n

The government said it would not pay interest on the loan during the first two years. Farmers on Australia's east coast are suffering from drought for more than three years.<\/h3>\n<\/p><\/div>\n
\n \"The
\n

The rest of the drought-affected cows of farmer May McKeown, located on the outskirts of Walgett in northwestern New South Wales, southwestern Australia, can be seen on July 20, 2018.
\n(Reuters)
\n <\/figcaption><\/figure>\n

Australia will hurt farmers
\nDrought up to $ 88.8 million
\nScott Morrison on Thursday
\nThe government wants to curb the growing discontent of rural voters.<\/p>\n

Farmers on the east coast of Australia are battling
\nDrought condition over 3 years, wither
\nAgricultural production and leaving on the borders of some cities
\nLack of drinking water supply.<\/p>\n

As the conservative government's anger grew
\nA traditional voter base, Morrison provided new financial support.
\nIncluding temporary interest-free loan
\nFarmers to stop bankruptcy.<\/p>\n

"This is to support farmers and graziers
\nThey have a future in the field
\nGo to the other side of this drought
\nMorrison told reporters:
\nCanberra.<\/p>\n

"This gives them a huge breathing space."<\/p>\n

Small business believed to depend on agriculture
\nYou can get concessional loans up to $ 345,000 (A $ 500,000).
\nYou need to pay more than 10 years.<\/p>\n

Government to ease fiscal burden
\nThe lender must not pay interest during the first two years.
\nThe business pays only interest on the loan between
\n3 to 5 years. The principal and interest payments
\nMust be a sixth grade<\/p>\n

Industry representing Australia's farm industry
\nThe National Farmers Federation has aid especially
\nThis is necessary because the drought does not show signs of relief.<\/p>\n

Australian Meteorological Agency expects a 40{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} probability
\nThe east coast of the country will record an average rainfall
\nBetween December 1 and February 28<\/p>\n

Loss of market share in Indonesia and Korea<\/strong><\/p>\n

Financial support package will be released in a few weeks
\nGrain begins usually in December before harvesting.<\/p>\n

Australia is one of the world's top 10 exporters.
\nGrain, the largest part of the national agricultural sector
\nIn general, it contributes about 2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} to GDP.<\/p>\n

But in recent months there has been little rain throughout New South.
\nWales and Queensland, farmers do not expect to harvest
\nA meaningful supply that reduces rural exports.<\/p>\n

INTL FCStone on Wednesday said unspecified polls
\nThe number of customers stopped Australian wheat production at 15.54.
\n1 million tons, 19.1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} lower than Australia's official estimate
\n19.2 million tons.<\/p>\n

Lower production yields Australians generally
\nWorld's Largest Exporters \u2013 Also, as prices fall, there is a chance of losing more market share in profitable markets like Indonesia and Korea.<\/p>\n

In addition to offering affordable loans, Morrison
\nThe government will also sell 100 billion liters of water at discounted prices to farmers to grow
\n120,000 tons of feed.<\/p>\n

Source: Reuters<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source Link : https:\/\/www.trtworld.com\/business\/australia-offers-drought-ravaged-farmers-up-to-688-million-in-cheap-loans-31192?utm_source=other&utm_medium=rss<\/p>\n","protected":false},"excerpt":{"rendered":"

The government said it would not pay interest on the loan during the first two years. Farmers on Australia's east coast are suffering from drought for more than three years. The rest of the drought-affected cows of farmer May McKeown, located on the outskirts of Walgett in northwestern New South Wales, southwestern Australia, can be […]<\/p>\n","protected":false},"author":1,"featured_media":12302,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/12301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/comments?post=12301"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/12301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/media?parent=12301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/categories?post=12301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/tags?post=12301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}