BNZ’s First Farm initiative helps future farm owners
BNZ says its new initiative, helping make the first step to farm ownership or sharemilking a little easier, is being well received by customers and rural professionals.
BNZ’s First Farm proposition helps lower barriers to entry for first-farm buyers or those buying their first dairy herd by reducing deposit requirements.
It also pairs every approved customer with an experienced farmer mentor for their first two seasons. This is to help ensure their first steps into farm ownership or sharemilking are a success.
BNZ general manager agribusiness and corporate banking Dave Handley says farmers are the backbone of our rural communities and contribute significantly to the economy.
“For many young farmers, getting their first foothold on the farming ladder is very challenging. First Farm is about bridging that gap by making ownership more achievable,” says Handley.
