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Thursday, 30 October 2003
Page: 17281


Senator BOSWELL (Leader of The Nationals in the Senate) (1:00 PM) —As I was walking down the corridor to speak in this second reading debate on the Farm Household Support Amendment Bill 2003, I heard Senator Cherry expressing some doubt about the income deposit and how it had built up in a bad year of drought. The reason is that a number of farmers and graziers were destocking and selling all the cattle off their properties because of drought and putting their money into the farm deposit scheme. That is why the farm deposit figure is rising in a year in which you would expect it to be falling. I clarify that situation because I would hate the Democrats to attack the very worthy farm deposit scheme that makes hay when the sun shines and allows people to pay off their debts when things are tough.