Banking Advisor: Most dairy farmers don’t fully understand how banks assess credit
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
With water a finite resource under the spotlight, savings are always welcome.
The new Hydrofan wash-down hose nozzle newly released by Numedic has been tested on DairyNZ research farms, and found able to save at least 1 million L of water annually on a typical 400 cow farm.
Water emerges from the nozzle as a fan jet, and the rotary union in the nozzle body allows the user to clean the cowshed yard in a sweeping motion, saving water and cost.
Manufactured from high grade stainless steel, each nozzle is supplied with a swivel hose-tail in 32mm or 38mm sizes.
Hefty power savings are also possible, says Numedic: less water needs pumping and effluent volumes are lower after wash-down.
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.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
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