It often isn’t clear quite what the Labour Party means. Andrew Little is reported as follows:
Little said the banks needed to be “stiff-armed and told we’re not going to see, wholesale, farmers pushed off the land”.
His only argument for this sort of intervention – whatever it means in practice – appeared to be that
“We expose more New Zealand farm land to the risk of overseas ownership and I think that is a matter in which there is a national interest the Government should be alert to, and take action on.”
Which all sounds quite dramatic, and yet what follows seems like a rather damp squib.
A summit should be called and dairy cooperative Fonterra should be at the table. Farmers needed to agree on a long term plan for the cooperative to move its products up the value chain, even if that meant taking less cash out once the immediate crisis was over, to allow Fonterra to invest…
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Utopia, you are standing in it! 
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