Lamb returns forecast to remain low
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
ANZ has announced an assistance package to help the farming community affected by North Island flooding to get their farms and businesses back to full production.
ANZ managing director of commercial and agri Mark Hiddleston says a number of farmers are facing devastating damage from the aftermath of Cyclone Debbie.
“We’re offering targeted assistance to help the farming community recover from the damage caused by flooding. Our package is about helping take financial pressure off farmers and business owners then helping them get their operations back into production.”
The options available for those affected are:
- Suspending loan principal repayments;
- Waiving fees associated with restructuring business loans considered necessary due to impacts of extreme weather;
- Waiving fees for term finance and investments to help get operations back into production;
- Access to term deposits with the usual stand-down period; and
- Providing access to discounted short-term funding to help farmers get through the immediate challenges while also protecting their long-term productivity.
ANZ relationship manager Jason Parkinson who lives in Edgecumbe has seen the damage first hand.
“The first priority for our community was to make sure everyone got out safely,” Parkinson said. “Today we are out with some of our farming customers who are facing some big challenges around getting stock to dry land and milking.”
Hiddleston says farming and business customers impacted by flooding should speak to their Relationship Manager to discuss the impact on their farm or business and discuss their funding requirements.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…