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OPINION: Groundswell has given ANZ a shout-out for, so far, being the only one of the big four Aussie-owned banks not to set emissions reduction targets for its dairy sector loan book.
While some banks are busy imposing emissions limits on farms they lend to – a practice critics say exceeds their mandate – ANZ is resisting the PC pressure to do the same. “At the moment, we’re not setting a dairy target, and the reason is that we don’t see the pathway clearly for our dairy customers to reducing emissions,” ANZ’s New Zealand chief executive Antonia Watson told The Post.
ANZ’s stance comes amid a banking inquiry and mounting criticism by farmers of their banks, plus anger at three of the four Aussie banks for setting tougher farm emissions reduction targets in NZ than they did in Australia.
OPINION: Bouquets this week from the old mutt for Fed Farmers and Groundswell for continuing to resist the proposed Gore District plan and its intention to apply costly "cultural values" across the district and a raft of land classifications that are unworkable and counterproductive.
According to the latest ANZ Agri Focus report, energy-intensive and domestically-focused sectors currently bear the brunt of rising fuel, fertiliser and freight costs.
Strong demand for high dairy protein products is keeping prices elevated but the Middle East crisis could make an impact in the coming months.
Three farmer lobby groups are applying the blowtorch to political parties on key issues facing the primary sector ahead of the general elections.
The cost of running a New Zealand farm is now 27% higher than it was before Covid, putting sustained pressure on profitability acrfoss the sector, according to new ANZ research.
A firm belief in the agricultural sector has kept the PGG Wrightson business going for 175 years, says chief executive Stephen Guerin.
The country'a largest A&P Show - Canterbury - will be "back where it belongs" this year, running from the Wednesday through Friday of Christchurch's iconic Cup Week, after a two-year experiment of running Thursday to Saturday instead.
Wet autumn weather is posing challenges for aerial topdressing operators and farmers are being urged not to put pressure on pilots to fly in borderline conditions where safety could be at risk.
Now it's signed, make it work.
State farmer Pāmu says a programme it's running to help skilled operators into farm ownership is paying dividends.
Central Otago farmer Bevan McKnight no longer worries about leaving a few Angus cattle behind while mustering on the 13,000ha station he leases.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.
