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Federated Farmers has welcomed the Reserve Bank's decision to cut the Official Cash Rate by 25 basis points to 2.25%.
"It's now up to the banks to pass this cut on to mortgage holders, and we urge them to do so on behalf of all New Zealand farmers," Federated Farmers president Dr William Rolleston says.
"Farmers' cash flow is tight at the moment, particularly in the dairy sector, and anything that can ease the pressure on their bottom line will help get as many dairy farmers as possible through the current season.
"This cut in the Official Cash Rate should also take pressure off the dollar, which is vital for our farming sector. We are also pleased to see that the Reserve Bank has signalled a further cut."
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.
A verbal stoush has broken out between Federated Farmers and a new group that claims to be fighting against cheaper imports that undermine NZ farmers.
Taupiri farmer Chris Woolerton is tipped to take over as Federated Farmers Waikato president from next week.
Farmers want more direct, accurate information about both fuel and fertiliser supply.
Federated Farmers is celebrating following the Government's announcement that young farmers will be able to use their KiwiSaver funds to buy their first home or farm.
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
The Conservative Party warns that the upcoming free trade agreement between New Zealand and India may prioritise increased labour mobility while offering limited reassurance for New Zealand workers.
Southland District Council says it is actively managing the impacts of the current fuel supply challenges to ensure essential services across the district continue to operate safely and reliably.
A large crowd turned out for the last of the field days of the three finalists in this years Ahuwhenua Trophy to determine the top Maori horticulture entity in Aotearoa New Zealand
National's decision to ‘dribble’ information about the NZ/India to Labour contributed to the delay in it deciding to supported the FTA.
A Hawke's Bay farmer has been sentenced to seven-and-a-half-months' home detention and disqualified from being in charge of or owning sheep and cattle for 12 months for serious animal welfare offending.
