Reserve Bank rules bleeding farmers dry - Feds
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Describing the current framework as "a complete dog", Feds complain that it is incredibly expensive to write, certify and audit the plans.
To make matters worse, the rules go too far and capture all properties over 20ha, and existing industry or council farm plans are not recognised, creating a frustrating level of duplication with most farmers still required to get a resource consent. in addition to their farm plan.
Federated Farmers wants the Government to put in place a practical, pragmatic and effective system that will improve environmental outcomes while reducing the regulatory burden and unnecessary cost. Now that the Government has finished its first 100-day plan, there is hope attention will turn to righting this flawed plans framework.
