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At these rates farmers will soon be going broke
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At these rates farmers will soon be going broke
Reading Time: 3 minutes There’s been considerable commentary on rates and the current round of increases. I’m unaware of any rural rates increases in single figures and some are well into double. There are two issues, as I see it. The first is the increase in the rates to fund councils and that’s the original problem. That is exacerbated by the increase in valuations. For example, in Masterton the rates rise from the council is 16.1% but there …
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