Westpac NZ Becomes First Bank to Accept Zespri Shares as Lending Security
Westpac NZ has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand (RBNZ) to secure and leverage kiwifruit growers' Zespri shares.
The NZ Kiwifruit Growers organisation NZKGI is planning to hold a special dinner at Mercury Baypark stadium in Mt Maunganui.
October will see the highly successful kiwifruit industry celebrating some significant milestones in its illustrious history.
The NZ Kiwifruit Growers organisation NZKGI is planning to hold a special dinner at Mercury Baypark stadium in Mt Maunganui to commemorate three things:
The first kiwifruit, originally known as Chinese gooseberries, were first brought to NZ and planted in Whanganui in the early 20th century but it wasn’t until 1937 that the first commercial plantings were made by orchardist Jim MacLoughlin. In 1959 the Chinese gooseberry became the kiwifruit apparently because of its furry brown appearance resembled that of our national bird – the Kiwi. Over the years the industry has faced many changes and challenges to ensure that growers got the best returns. One of these moves was the establishment of the Kiwifruit Marketing Licensing Authority in 1977 which at one stage was headed by Don Brash – politician and former Reserve Bank Governor.
This was followed by the creation of the Kiwifruit Marketing Board and finally led to the establishment of Zespri in 1997.
NZKGI spokesperson Dr Mike Murphy says many of the growers from the early days were instrumental in creating the backbone of the industry as we know it today. He says all growers, past and present, as well as friends of the industry, will be coming together at a gala dinner to reconnect and appreciate how far the industry has come.
“The dinner will be an opportunity for attendees to network and hear from some of the industry’s pioneering growers who applied their leadership and negotiating skills at some significant personal cost to lay the foundations for the highly successful industry we have today,” he says.
The 2026 Holstein Friesian NZ Black & White Youth Auction has once again proven the strength of support behind the breed’s young people, raising $20,130 for the HFNZ Black & White Youth programme.
Westpac NZ has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand (RBNZ) to secure and leverage kiwifruit growers' Zespri shares.
Bank of New Zealand (BNZ) and Pāmu (Landcorp Farming Limited) have developed a new way for landowners to earn revenue from existing native forests.
Despite near universal optimism in the rural sector, a panel of New Zealand’s leading food and agri minds caution that the sector must be intentional about its future path.
The dairy industry cannot rest on its laurels despite providing one in every four export dollars earned by the country, says DairyNZ chief executive Campbell Parker.
The Government is looking at intervening on behalf of Waikato farmers who face new regulations around agricultural land use while Resource Management Act (RMA) reforms are underway.

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