Dairy unity
OPINION: A last-minute compromise ensured that the election of the new Federated Farmers national dairy chair wasn't a repeat of the Super 15 rugby final - Canterbury versus Waikato.
Farmers are calling for Kiwi banks and their overseas parent companies need to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.
Federated Farmers points out that since the start of December, heavyweights JP Morgan, Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs have all exited the UN-backed banking alliance.
"These big US banks have seen that their involvement ion the Net Zero Banking Alliance is about to come under huge scrutiny," says Federated Farmers banking spokesperson Richard McIntyre.
"They're leaving in droves because of lawsuits for anti-competitive behaviour within the banking sector and growing political pressure.
"Federated Farmers are now calling on our banks to do the same. They need to do the right thing and withdraw from the Net Zero Banking Alliance - and fast."
In December, Federated Farmers lodged a formal complaint to the Commerce Commission, requesting an urgent investigation into the lending practices of New Zealand banks.
The complaint relates to alleged anti-competitive and coordinated behaviour from the banks, driven by their involvement in the international Net Zero Banking Alliance.
The Net Zero Banking Alliance is an international group committed to aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050.
McIntyre says with five major banks dominating 97.3% of the agricultural lending market in New Zealand, Kiwi farmers should be asking serious questions of their bank managers.
"All five of those banks are either directly members of the Net Zero Banking Alliance or are indirectly affiliated through their parent companies."
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.
Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.
The Infrastructure Commission has endorsed a plan by Chorus to expand fibre broadband to 95% of New Zealand much to the delight of rural women.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
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