$150B farm succession challenge looms for NZ agriculture
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
"We've made a start on this journey by signing up to the United Natios net zero global alliance, benchmarking the non-financial aspects of client businesses to ensure we are banking with responsible farmers and growers, and undergoing Toitu accreditation to enable us to report on our own emissions," he says.
"We're also finalising a new white paper which looks at the climate change challenge for New Zealand agri-business and expands on some of the ideas and actions I've outlined.
"This paper will be released in the coming weeks and our intention is to engage with farmers, industry stakeholders and politicians over the months ahead to discuss the paper's key findings and how the bank can work together with others to steer the coming food transition."
