Displaying items by tag: westpac

Farmers are being warned that low interest rates are going to be a thing of the past.

Westpac wull support its dairy customers to the tune of about $2/kgMS deficit in their cashflow this year, says Mark Steed, head of agribusiness and property.

It's not in anyone’s interest to see customers fail, says Westpac’s head of agribusiness, Mark Steed. 

Local Westpac bank staff could find themselves up a creek near you if their chief executive David McLean has his way.

Farmers in South Canterbury and North Otago will feel the financial crunch of the drought-like conditions shortly, with Westpac gearing up to assist its hardest hit customers in the regions.

THE COMMERCE Commission is negotiating with Westpac and ASB after having reached a $19 million settlement with ANZ over the marketing of interest rate swaps.

Fonterra is being tipped to raise its forecast payout for the 2013-14 season.

Strong leadership, good networks and being change-ready are the key ingredients to running resilient farming operations, says Westpac managing director of private wealth and insurance, Simon Power.

Westpac and Meridian Energy are giving farmers easier access to solar energy, with potential savings on power bills in the thousands each year.

Federated Farmers adverse effects spokeswoman Katie Milne says she is amazed that Westpac economists believe the drought may have no effect on the economy because of rising dairy prices.