- $70 billion agricultural investment as bank loans to farmers
- $40 billion on warships to be built in Adelaide
- $2 million average farm debt in Australia
- $1 a kilo for onions
Numbers in words…
While Australians have the 15th highest per capita GDP in the world [on IMF estimates] and the 5th highest average income among OECD countries, consumers pay next to nothing for their food [around 10% of disposable income].
Ageing farmers work an average 49 hours per week and are in debt up to their eyeballs.
The bankers insure this lending against the land value and know that global demand will keep the price of prime agricultural land high enough for their shirts to be safe.
Rather than provide food security to the region the Australian government invests in warships that the Chinese navy would overrun in the time it takes to order special fried rice.