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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.
OPINION: While we're on the topic of lumberjacks, Biosecurity Minister Andrew Hoggard has no doubt used a chainsaw hundreds of times, but your old mate reckons he would’ve still been sweating on getting it right when cutting down a pine in front of the cameras, as he did above Queenstown during a recent pre-Budget announcement around extra funding for wilding pine control efforts.
Wilding pines are the wrong tree in the wrong place, and they need to go, says Biosecurity Minister Andrew Hoggard.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
Animal welfare improvements as well as reduced costs for dairy farmers are at the heart of a new move which could help cut back on the waste of unused vet drugs.
Federated Farmers has been urged to consider establishing a policy on artificial intelligence (AI).
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.
Rural Women New Zealand has announced the winners of the 2026 NZI Rural Women Business Awards.
Horticulture NZ says the funding boost to improve state highway resilience will support growers and strengthen the transport links they rely on to get produce to market.
Gallagher has appointed Rob Clayton as Chief Executive of its global Animal Management business to lead the next stage of growth across key markets.
A Waihi dairy farmer, Keith Torrens, has been convicted and fined $39,000 for the unlawful discharge of dairy effluent following a prosecution taken by Waikato Regional Council.
Taranaki's sunshine and energy sector expertise are powering a new approach to renewable energy, with the launch of BlueGreen Frontiers.
OPINION: While we're on the topic of lumberjacks, Biosecurity Minister Andrew Hoggard has no doubt used a chainsaw hundreds of…
OPINION: To a chorus of crying greenies, and not a minute too soon, the Government has moved to put the…
