THE ANZ Bank’s head of agri and commercial, Graham Turley, says farmers appear to be concentrating on profitability, which will help mitigate some of the Reserve Bank’s concern about the high level of debt in the dairy sector.

LONG-TERM PROSPECTS are still bright for sheep and beef despite a big drop in farmer confidence, says Beef+Lamb NZ chairman Mike Petersen.

DEBT FUNDING structured so that it works for both bank and farm business means the debt is not experienced as a noose around the borrower’s neck.