Be afraid
OPINION: Your old mate hears some of the recent uptick in farmer confidence has slipped since the political polls started leading a bit to the left, away from the current coalition of National, Act and NZ First.
A similar case is underway in Australia as its corporate regulator ASIC investigates alleged manipulation of Aussie government debt.
Like yours truly, readers probably won’t be able to squeeze out a tear for the banks.
One farmer sent the Hound his own rules for dealing with banks: “Rule no.1 – They are not our friends. Rule no.2 – Refer to rule no.1.”
As the banks prep for the coming inquiry, they may feel it’s unwarranted.
But the evidence, anecdotal and from recent surveys, show that our friends in finance have a real perception problem with farmers that they need to address.
