Daffodil Day fundraiser at ANZ Morrinsville
A fundraising initiative, backed by local businesses, has been organised at ANZ Morrinsville branch to raise funds for the Cancer Society.
ANZ has announced an assistance package for farmers affected by extreme dry conditions across much of New Zealand’s east coast.
Many areas, including Canterbury, have experienced "severely dry" conditions over the past two months compared with the long-term average, according to NIWA.
“The Big Dry is affecting areas which haven’t experienced extreme conditions like these for many years, so for a lot of farmers this is new territory,” says Graham Turley, ANZ Bank’s managing director commercial & agri.
“We recognise the challenges and anxiety this is creating for farmers, which have been exacerbated by forecast low dairy payouts. We’re offering targeted assistance, recognising that the situation may require more complex solutions for some.”
The options available to affected farmers through ANZ are:
· Suspending loan principal repayments
· Waiving fees associated with restructuring business loans considered necessary due to impacts of extreme weather
· Waiving fees for term finance and investments, which improve performance and the ability to respond to climatic variation in future years
· Waiving the interest rate reductions associated with accessing funds on term deposits ahead of maturity date
· Providing access to discounted short-term funding to help farmers get through the immediate challenges while also protecting their long-term productivity
ANZ is encouraging farmers to act early and engage advisors to develop a plan, including working with accountants to produce cash forecasts and consulting with banks on funding requirements.
“The impacts of drought are not just financial. We also appreciate the stress created for some customers and encourage them to communicate regularly with their family, advisors and support networks,” says Turley.
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Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
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