Rising Fuel and Fertiliser Costs Hit NZ Farmers, ANZ Report Finds
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.
ANZ says it is ready to support its customers impacted by the recent severe weather on the East Coast.
“It’s been a tough few days for those impacted by the severe weather events, our thoughts are with those dealing with damage and destruction to the community and their businesses, and their family homes,” says Lorraine Mapu, ANZ managing director of business and agri.
“We want to reassure our business, farming and personal customers the bank is here to work with them in the days and months ahead,” Mapu told Rural News.
Targeted assistance is available for business and farming customers such as temporary overdraft facilities and the ability to defer loan repayments or move to interest only to help ease some financial pressure.
“Our team are reaching out to farmers and our small and medium-sized business customers to see what else is needed,” Mapu says.
“We encourage personal and home loan customers to talk to us if they need to relieve pressure on their financial situation,” she says. “There may be a range of ways we could help, such as restructuring their home loan repayments or providing access to an overdraft facility.”
Business and Agri customers should speak to their relationship manager to discuss the impact on their business and their funding requirements.
All other ANZ customers should call 0800 269 296.
A large-scale modern orchard development in coastal Mid-Canterbury is expected to eventually produce 116 million apples a year from 900,000 trees while also becoming a significant employer for the region.
Silver Fern Farms has announced a major capital investment valued at over $100 million to redevelop freezing, cold storage, and automation facilities at its Finegand Site near Balclutha.
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.
Fonterra has announced interim changes to the leadership of its Global Ingredients business.