Thursday, December 7, 2023

Finance


Reserve Bank to trial rural cash solutions

Reserve Bank to trial rural cash solutions

Neal WallaceDec 5, 2023
Innovative solutions sought for lack of banking in remote areas.

Hort, dairy ‘need new finance models’ 

Gerhard UysNov 29, 2023
As barriers to entry grow along with land value, a rethink about ownership and risk is needed.

Westpac sets GHG targets for ag borrowers

Farmers WeeklyNov 16, 2023
Dairy farmers asked for a 10% reduction, and sheep and beef 9%.

Facing foreclosure, debt mediation ‘took the fear away’

Federated Farmers is keen to raise awareness of the mediation scheme and help farmers understand how it works.


coins

RB gets banks to model emissions costs for farms

Neal WallaceOct 27, 2023
Sliding scale of hit on profitability depending on hypothetical amount due.
KiwiSaver rule change: ‘Make it happen’

KiwiSaver rule change: ‘Make it happen’

Federated FarmersOct 27, 2023
Federated Farmers’ sharemilker vice chair for the Waikato says it’s high time young farmers had the same opportunity as their urban counterparts.
Tim Deane to join board of Rabobank NZ 

Tim Deane to join board of Rabobank NZ 

Farmers WeeklyOct 17, 2023
Norsewear owner will replace Anne Brennan as an independent director.
Rural bankers keep pace with changing ag 

Rural bankers keep pace with changing ag 

Hugh StringlemanOct 4, 2023
The relationship between primary producers and their rural bankers has evolved to include on-farm emissions, says ASB’s new head of rural banking.
Feds call for independent rural banking probe

Feds call for independent rural banking probe

Farmers WeeklySep 15, 2023
‘The last thing farmers want to be worrying about is whether they’re getting a fair deal from their bank.’
Rising debt threatens sector’s wellbeing

Rising debt threatens sector’s wellbeing

Neal WallaceAug 28, 2023
Interest-only debt showing sharpest rise as producers tighten belts.
coins

Concern high business loan interest rates subsidising housing sector

Hugh StringlemanJul 28, 2023
Banks seem ‘happy to lean on the business sectors to keep home lending on life support’ says agribusiness adviser.
Low-interest loans for disaster recovery

Low-interest loans for disaster recovery

Farmers WeeklyJul 27, 2023
ANZ has allocated an initial fund of $250 million for the low-interest lending.
Garden to Table, Rabobank grow Deep Pockets

Garden to Table, Rabobank grow Deep Pockets

Farmers WeeklyJul 19, 2023
New resource teaches schoolkids about making money.
Look further afield for banking reform

Look further afield for banking reform

Cameron BagrieJul 7, 2023
The new Commerce Commission inquiry ought to have business banking in its sights, says Cameron Bagrie.
Hill-Country

Hill farming looks at deficit budget ahead

Hugh StringlemanJul 5, 2023
BakerAg budget model for 2023-24 comes up with a net deficit.
todd-charteris-at-fieldays

Bank head calls for more partnership effort for farmers

Richard RennieJul 3, 2023
Food production a sensitive ecosystem, says Rabobank head.
NZ dollars

Undue pressure: farmers less happy with banks

Farmers WeeklyJun 23, 2023
Satisfaction levels at their lowest since Feds survey began eight years ago
cow on pasture in sunny day

Westpac makes loans a sustainable option

Richard RennieJun 16, 2023
Bank offers lower interest for green initiatives on farm.
Dairy cows drinking water from a trough in a paddock.

Rate hikes and rough weather add to winter woes

Hugh StringlemanJun 6, 2023
Cashflows are tighter this winter than in recent years, so that has added pressure on farmers.
FMG, Fidelity Life add two new rural scholarships

FMG, Fidelity Life add two new rural scholarships

Farmers WeeklyApr 6, 2023
Programme encourages rural Kiwis to consider a career as a financial adviser.
Inflation the most concerning issue in NZ by a country mile

Inflation the most concerning issue in NZ by a country mile

Cameron BagrieMar 9, 2023
While New Zealanders are expressing real concern about the climate, though sentiment towards it is still dwarfed by inflation worries.
Picton to pilot Rabobank global strategy  

Picton to pilot Rabobank global strategy  

Farmers WeeklyMar 1, 2023
Appointment a pioneering role for agribusiness bank in NZ and Australia.
money-flat

‘Fix infrastructure, don’t cut taxes’ says economist

Hugh StringlemanFeb 28, 2023
Finance expert says it’s all too clear that NZ has had no risk management plan for natural disasters.
Interest rates lift putting farmers under pressure – survey

Interest rates lift putting farmers under pressure – survey

Farmers WeeklyDec 21, 2022
Average mortgage interest rate has increased from 4.59% in May to 6.29%.
David Dodds stands speaking to an audience

Figured adds Heartland loans for dairy

Farmers WeeklyDec 13, 2022
Software firm and bank partner up for new offering.
Rural credit availability growing, survey finds

Rural credit availability growing, survey finds

Guest writerNov 17, 2022
Agriculture loan demand is falling at a time when the longer-term trend of credit supply is increasing.
Māori looking for a wider investment horizon

Māori looking for a wider investment horizon

BusinessDeskOct 4, 2022
A system designed for individual values needs to adapt to the collective.
todd-charteris

Agri debt starts to grow again

Hugh StringlemanSep 7, 2022
Quarterly results show signs of a turnaround after three years in slow decline.
ANZ pitches green agri-loan

ANZ pitches green agri-loan

BusinessDeskSep 2, 2022
Criteria will include afforestation, water use and other on-farm sustainability goals.
Close-up of extended cupped hands holding coins with a fresh plant sprouting from it.

Heartland livestock lending soars

Hugh StringlemanAug 25, 2022
Bank’s book swells on growing customer base in New Zealand and Australia.
Reassessing the farm budget as costs rise

Reassessing the farm budget as costs rise

Neal WallaceJul 4, 2022
The world is facing a food crisis, but how can New Zealand farmers help? Rising costs mean producers here are struggling to maintain margins and production. Over the next few days, Farmers Weekly will cover key challenges within the primary sector and how some are navigating it.
andrew-hoggard-1-flat

Survey shows financial pressures on the rise

Farmers WeeklyJun 3, 2022
The latest Federated Farmers banking survey shows that while farmer satisfaction with their banks is relatively stable, more…
New Zealand banknotes and coins lying on a table.

Cost of production is surging

Cameron BagrieMay 26, 2022
They say a chart represents a thousand words. One of the defining trends across New Zealand has been…
A close up of a pair of hands holding a pile of silver coins with a small green leafy plat growing out of it.

Farm loan options to grow your business

Farmers WeeklyMay 19, 2022
In the current farming climate, farmers and growers across the world are facing an onslaught of rising costs…
New Zealand banknotes and coins lying on a table.

NZD weakness lifts prices tide

Hugh StringlemanMay 18, 2022
New Zealand commodity prices in United States dollars have fallen 10% since their peak in March but in…
Headshot of Dana Muir.

New loan requires less gas and more care

Richard RennieMay 16, 2022
The loan is also the first of its type to come in under the Sustainable Agriculture Finance Initiative (SAFI) outlines. 
Graph showing ease of getting credit

Businesses need credit access to grow

Cameron BagrieApr 28, 2022
Where are the champions for the business sector or the farming community when it comes to access to credit? These are sectors that define the income-generating capacity of the economy, yet difficulty accessing credit receives little attention.
How much money is too much?

How much money is too much?

Steve Wyn-HarrisApr 21, 2022
JUST when you thought there were enough things to trouble you and worry about, an old foe has reemerged from the woodwork.
Workshops aim to improve farmers’ financial literacy

Workshops aim to improve farmers’ financial literacy

Colin WilliscroftApr 14, 2022
Financial skills workshops being run around the country by Rabobank aim to provide farmers with practical knowledge to help them better understand financial statements and banking requirements.
Ben Speedy stands leaning on a desk outside the ASB stand at Fieldays.

Loan landscape shifts for rural bankers

Richard RennieApr 4, 2022
Farmers can expect farm lending in the future to be a more complex affair as climate change, nutrient and water regulations make lending decisions more than a simple cashflow exercise.
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