Displaying items by tag: debt

The new Farm Debt Mediation Scheme will soon be open for business.

There have been some encouraging signs for dairy farmers recently, says Rabobank national manager for food and agribusiness banking, Hamish Midgley.

Federated Farmers vice president, Andrew Hoggard says some dairy farmers are trapped with debt.

OPINION: High farm debt levels have cast a shadow over the Ministry for Primary Industry's positive predictions for agriculture in 2020.

The Minister of Agriculture has entered the debate on the actions of the banks labelling them as fair-weather friends.

More than a quarter of NZ’s dairy farmers have debt to equity ratios of more than 70%.

The passing of the Farm Debt Mediation and NAIT laws last night shows the Government’s commitment to work alongside and help farmers, says Ag Minister Damien O’Connor.

Proactive and well-prepared farmers and lenders stand to gain from the introduction of the Farm Debt Mediation scheme, according to Scott Abel and Bridie McKinnon from law firm Buddle Findlay.

The Farm Debt Mediation Bill will go far in helping farmers deal with farm debt, claims Agriculture Minister Damien O’Connor.

Farmers are urging banks to take a long term view of their businesses, now under growing pressure to improve their balance sheets.