ANZ defends farm lending rates
The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.
Federated Farmers and Rabobank’s 2015 employee remuneration report shows farm employee salaries are increasing, despite tough industry conditions.
Salaries across the industry groups generally were equal at entry level, though some dairy-farming employees, such as dairy farm managers, had higher salaries compared with their sheep and beef counterparts.
Federated Farmers dairy industry group chair, Andrew Hoggard, says it has been a fairly unfavourable year for farming all round, especially in the dairy industry, with returns down 40%.
“That said the survey shows farm staff wages are increasing. Generally, employers are happy with their staff, with 77% saying they are very satisfied or extremely satisfied with their employees. That proves staff is valued and challenges the mainstream perception that farm workers are not rewarded,” says Hoggard.
The report also says there has been a decrease in working hours.
“This might be due to new survey questions this year, which mean we are now getting a truer indicator of actual hours worked.”
“People tend to concentrate on hours farm employees work in the busiest time of year and overlook the fact that hours fluctuate markedly from season to season. There are quiet times of the year as well.”
Hoggard says the report once again highlighted that package extras, such as food, vehicle use and electricity, are over and above the salary.
“More than 80% of employees are using farming houses. These benefits can reach several thousands of dollars.”
Hoggard welcomes the results showing farmers were now better at keeping employee data, with three quarters formally recording working hours.
“There is still a lot of work to do but this year’s results show we are heading in the right direction and it reminds all farmers that they are obliged to keep time records.”
“We would also encourage all payroll system providers to look into ways their products can assist farmers to record all this in a much more user friendly manner,” he says.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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