Positive trends for dairy – banker
The downturn in the dairy industry is likely to bring positive changes in the way farms are managed, says ANZ’s managing director for commercial and agri, Graham Turley.
ANZ has won CANSTAR's Best Agribusiness Bank award for 2013, following a win in the inaugural competition last year.
The award goes to the institution that provides the best combination of products and services to agribusiness customers. Last year it was won by National Bank, which has merged with ANZ.
ANZ's managing director commercial & agri, Graham Turley says since bringing the ANZ and National Bank brands together, it has worked very hard to deliver the high standards of service and products to commercial and agri customers that they enjoyed under the National Bank.
"The award recognises that we've achieved that," he says.
"Our customers have access to more agri managers in more locations across the country."
"They also have access to our other specialist products, such as equipment finance, insurance and wealth offerings, as well as specialist support in interest rate, currency risk and commodity risk management.
"Our customers can also count on us for information and research - from economic reports and surveys to seminars and benchmarking – to help grow their businesses and make them more efficient. As New Zealand's largest rural lender, we work hard to provide support for every area relevant to our agribusiness industry."
CANSTAR New Zealand National Manager Derek Bonnar says ANZ performed exceptionally strongly across all areas under consideration by the judges.
"We not only look at products, but also how the institutions work with and serve the local communities they're apart of," Bonnar says
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

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