“The suicide rate in rural Waikato tripled as international dairy prices halved, and numbers are expected to rise further.
Six Waikato farmers appear to have taken their own lives in the year ending June 30, 2015, figures released by the Ministry of Justice under the Official Information Act show.
Fraser Farm Finance director Don Fraser was not surprised by the number of suicides, and expected to see more this financial year.
“We have had a lot of bad news,” Fraser said.
“The drop of income and the sheer weight of debt will probably see that rise over the next 12 months. It is the debt burden that makes them do it. It’s that sinking feeling you get when you get up every day and work for the bank….”
At the mercy of fickle markets this is the sad outcome. People lose hope with the ruin that comes with disasters like flooding and subsequent debt. We were told long ago by men in governments that economic recessions are man made. The banking industry is one that has the ability to enslave and ruin people, caring little for its victims. Witness the foreclosures we see now world wide.
Financial panics are scientifically created (US Congressman Charles Lindbergh, 1920)