As barriers to entry grow along with land value, a rethink about ownership and risk is needed.
Dairy farmers asked for a 10% reduction, and sheep and beef 9%.
Federated Farmers is keen to raise awareness of the mediation scheme and help farmers understand how it works.
Sliding scale of hit on profitability depending on hypothetical amount due.
Federated Farmers’ sharemilker vice chair for the Waikato says it’s high time young farmers had the same opportunity as their urban counterparts.
Norsewear owner will replace Anne Brennan as an independent director.
The relationship between primary producers and their rural bankers has evolved to include on-farm emissions, says ASB’s new head of rural banking.
‘The last thing farmers want to be worrying about is whether they’re getting a fair deal from their bank.’
Interest-only debt showing sharpest rise as producers tighten belts.
Banks seem ‘happy to lean on the business sectors to keep home lending on life support’ says agribusiness adviser.
ANZ has allocated an initial fund of $250 million for the low-interest lending.
The new Commerce Commission inquiry ought to have business banking in its sights, says Cameron Bagrie.
BakerAg budget model for 2023-24 comes up with a net deficit.
Food production a sensitive ecosystem, says Rabobank head.
Satisfaction levels at their lowest since Feds survey began eight years ago
Cashflows are tighter this winter than in recent years, so that has added pressure on farmers.
Programme encourages rural Kiwis to consider a career as a financial adviser.
While New Zealanders are expressing real concern about the climate, though sentiment towards it is still dwarfed by inflation worries.
Appointment a pioneering role for agribusiness bank in NZ and Australia.
Finance expert says it’s all too clear that NZ has had no risk management plan for natural disasters.
Average mortgage interest rate has increased from 4.59% in May to 6.29%.
Agriculture loan demand is falling at a time when the longer-term trend of credit supply is increasing.
A system designed for individual values needs to adapt to the collective.
Quarterly results show signs of a turnaround after three years in slow decline.
Criteria will include afforestation, water use and other on-farm sustainability goals.
Bank’s book swells on growing customer base in New Zealand and Australia.
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.
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The loan is also the first of its type to come in under the Sustainable Agriculture Finance Initiative (SAFI) outlines.
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.
JUST when you thought there were enough things to trouble you and worry about, an old foe has reemerged from the woodwork.
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.
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.