The Hound understands that Mike Petersen’s time as NZ agriculture’s special trade envoy will soon end.
A cost of $6000 for mediation between an indebted farmer and a bank would be at the lower end of the cost spectrum, says Federated Farmers sharemilkers chairman Richard McIntyre.
Support is growing from farmers all around New Zealand for a petition currently before Parliament for a select committee inquiry into banks’ conduct.
A dairy farmer and mayor of a town hit by a double whammy of bank branch closures says the loss of a bank can change the perception of vibrancy and wealth in a rural town.
With the dairy payout remaining stubbornly low and equity positions becoming more precarious many farmers are seeing more of their bank manager, says Crowe Horwath's head of corporate agribusiness, Hayden Dillon.
The Primary Industries Minister needs to stand up for farmers during tough times rather than rolling over for banks.
A member poll by Federated Farmers shows 11.1% of dairy farmers are now under pressure by banks over their mortgages.