Feds make case for rural bank lending probe
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
Beef + Lamb New Zealand (B+LNZ), DairyNZ and Federated Farmers have teamed up to organise the event.
The debating panel will feature Damien O’Connor (Labour), James Shaw (Green Party), Todd McClay (National), Andrew Hoggard (ACT), and Mark Patterson (New Zealand First).
The event has been billed as one of the few chances to hear from all major parties on their vision and plans for rural New Zealand ahead of the election in October.
“It’s tough right now in rural New Zealand, profitability is under pressure and farmer confidence is low,” says B+LNZ chair Kate Acland.
“The Kiwis that depend on the primary sector for their livelihoods are feeling it too,” she says. “We need politicians who are prepared to stand up for rural New Zealand and fight for sensible, workable and practical policy.”
She says the Rural Issues Debate will provide an opportunity to shine a light on the issues that impact rural New Zealanders and for the main political parties to explain how their policies will make a difference to the primary sector.
“B+LNZ, DairyNZ and Federated Farmers already work closely together in a number of important policy areas, so it made sense to jointly organise this important event,” Acland says.
Federated Farmers national president Wayne Langford says the 2023 General Election is the most important election in living memory for New Zealand farmers and rural communities.
“Farmer confidence is at record lows with a cost-of-farming crisis, rising interest rates, falling commodity prices, and a long list of new regulations adding extra pressure for farming families.
“It was important for Federated Farmers to provide a platform for people to hear directly from the politicians how they plan to improve the lives of the 2.5 million New Zealanders who live outside of a major centre.”
DairyNZ chair Jim van der Poel says rising costs and declining milk prices are already having a significant effect on rural communities.
“It is important all parties are thinking about these issues and the impact they are having,” he says.
“We want whoever the new Government is after October 14th to work with the sector on how it can help ease the pressure, support rural communities, and grow new opportunities.
“It’s vital for New Zealand that our farmers succeed, given their significant contribution to not only local rural communities but all of New Zealand’s economy.
“It would be great to hear from the candidates on how they see the new government working with the sector to ensure we have a common view on our future role,” he concludes.
The debate will be held in front of a live studio audience and will be livestreamed from 7.30pm to 9pm.
