The Effect of Declining Wool Prices, Wheat Quotas and Debt Reconstruction on the Financial Viability of Australian Farmers
An examination of the decline in net farm income between 1966-67 and 1969-70 indicates that in the three major zones the following size groups will be non-viable (l) In the High Rainfall Zone, farms with less than 2,000 and more than 10,000 sheep, comprising 85 per cent of farms in the Zone. (2) In the Wheat Sheep Zone, farms with less than 1,000 sheep, comprising 56 per cent of farms. (3) In the Pastoral Zone, farms with less than 20,000 sheep, comprising 98 per cent of farms. This situation could be alleviated to some extent by extending the period of debt repayment from the present average period of 7 years to a period of 20 to 30 years.
AN ECONOMIC ALTERNATIVE TO CONCESSIONAL FARM INTEREST RATES: REPLY
A variable amortization plan is proposed, indexing annual payments made by farm mortgage borrowers. A debt reserve balance also is proposed to stabilize payments received by lenders. Research implied by the proposal is outlined, together with modelling suggestions for investigating effects of the plan on farm income after debt servicing requirements have been met.
Right coronary artery stenosis associated with tricuspid valve ring annuloplasty
A 70-year-old man with severe symptomatic functional mitral valve regurgitation underwent successful mitral valve repair combined with tricuspid valve ring annuloplasty. Pre-operative coronary angiography (CAG) showed no significant stenosis. One-and-a-half years later, the patient presented with an acute exacerbation of heart failure. Repeat CAG demonstrated tight stenosis in the right coronary artery (RCA) with arterial kinking that corresponded to the same point as the stenosis where the RCA is the closest to the tricuspid valve ring. The new lesion probably occurred as a consequence of the tricuspid valve ring annuloplasty.