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OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be, despite falling interest rates, and the report still paints a damning picture of rural lending.
The survey of more than 600 farmers conducted in November shows only 53% of respondents are currently satisfied with their banking relationship.
"That's a huge drop from 80% in 2017 and raises some serious questions about their behaviour," Feds' Richard McIntyre says.
Alarmingly, almost a quarter of farmers feel their bank doesn't allow them to structure their debt efficiently with 11% reporting being asked to use overdrafts for capital projects.
Forcing farmers to use their overdrafts for capital spending drives up interest costs for farmers and, surprising no one, it also drives up profit for the banks.
Federated Farmers has launched a new campaign, swapping "The Twelve Days of Christmas" for "The Twelve Pests of Christmas" in an effort to highlight the most troublesome farm pests.
The biggest reform of local government in more than 35 years is underway.
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Keep focused on things that can be controlled on farm.
Visiting US climate change expert Dr Will Happer says the idea of reducing cow numbers to greatly reduce methane emissions is crazy.
Federated Farmers has launched a new campaign, swapping "The Twelve Days of Christmas" for "The Twelve Pests of Christmas" in an effort to highlight the most troublesome farm pests.
The Rapid Relief Team (RRT) has given farmers in the Tararua District a boost as they rebuild following recent storms.
The Government is set to announce two new acts to replace the contentious Resource Management Act (RMA) with the Prime Minister hinting that consents required by farmers could reduce by 46%.
Prime Minister Christopher Luxon says withdrawing from the Paris Agreement on climate change would be “a really dumb move”.
The University of Waikato has broken ground on its new medical school building.
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