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Leaderbrand chief executive Richard Burke (pictured) has welcomed the support package.
The Government has announced its long awaited funding package for farmers and growers hit by cyclones and storms in the North Island.
It says the package has been put together with input from the major sector groups such as Beef+LambNZ, DairyNZ and HortNZ.
There are two major components – the first one is aimed at encouraging banks to become more actively involved in helping farmers and growers to get their businesses back on track. To do this, the Government will take 80% of the risk of a loan to a grower or farmer away from the banks. It claims this will allow the banks to offer reduced interest rates and more flexible terms.
However, there is a limit of $10 million and certain criteria apply, one of which is that the borrower meets the lenders’ credit criteria – meaning they are lendable and also viable long term.
In the second part of the package, the Government will lend up to $4 million to a grower or farmer if they cannot get a loan from a bank. However, to quality, the individual must be able to prove that they can get their business back on track and that they can then get a bank loan.
In essence, this is a helping hand to those who may already have a mortgage with a bank but may be deemed a credit risk.
Agriculture Minister Damien O’Connor says the package is the result of working together with affected sectors to identify the most suitable schemes for viable businesses, particularly when dealing with their banks.
Horticulture New Zealand chief executive Nadine Tunley says hopefully the package will provide vital help to businesses across the areas affected by the weather.
LeaderBrand’s chief executive Richard Burke also welcomed the package.
“Businesses like ours provide hundreds-of-thousands of jobs for people in the regions. In our case, we also supply the whole country with healthy, fresh food. Being supported in this way to get on with the recovery is a win-win for everyone involved,” he says.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
DairyNZ deputy chair Cameron Henderson has been re-appointed unopposed for another term.
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Alliance Group has confirmed that eligible farmer-shareholders who supply and continue to back the business will receive up to $20 million later this year, following the strategic investment partnership with Dawn Meats.
With a general election under five weeks away, Rural News is asking major political parties about their policies and positions on key issues facing the primary sector. We will run their responses to each question over the next four weeks. The ACT Party and the Greens didn't respond in time.
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Entries opened on Monday, 5 October 2026 for the 2027 New Zealand Dairy Industry Awards (NZDIA), which organisers describe as the nation's biggest celebration of excellence in the dairy sector.
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