Farmgate prices rise as farmers rebuild confidence
Sheep and beef farmers are cautiously optimistic as farmgate prices continue to firm.
Another bank is offering farmers low-cost 'green loans' to help them tackle environmental impacts.
ASB announced, at the opening of National Fieldays last week, that its new rural sustainability loan will offer a 'market-leading' 2.25% annual variable rate for 'sustainable farming improvements'.
In March, BNZ revealed it was offering a loan discount to dairy investor Southern Pastures, if the company meets water and bio diversity targets on its farm. The New Zealand first $50m sustainability-linked loan isa pilot, but BNZ says it will roll it out more widely if successful.
ASB says it will loan for conservation and biodiversity restoration, and projects to drive the switch to renewable energy, prevent pollution and waste, cut emissions, as well as promote healthy soil, ecosystems, waterways and animal welfare.
General manager for business banking Tim Deane claims ASB’s Rural Sustainability Loan will help future-proof two of New Zealand’s greatest assets: our farmers and our land.
“Farmers tell us climate change and regulatory pressure are big issues keeping them up at night. That’s why we’re digging in and doing more for those who want to go beyond compliance basics and drive change that makes a deeper difference for their farm and ultimately the environment,” Deane says.
He adds that the bank’s farming customers have already invested more than $120 million to plant native trees, install environmentally-friendly effluent systems and fence off waterways.
“Our goal is for our new sustainability loans to back $100 million in green upgrades over the next five years, so New Zealand can continue to lead the world in efficient and profitable farming and command a premium for Kiwi products.”
Deane says applications for loans are now open and the variable rate will be available for up to five years from when the customer makes their first draw down.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.