Feds make case for rural bank lending probe
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The Feds are encouraging drought affected farmers struggling due to the dry El Nino weather pattern to continue destocking as necessary – and to think further afield.
"Farmers who have stock to shift should start thinking outside the regions they would usually sell to," says Federated Farmers national meat & fibre chairman Rick Powdrell.
"Likewise, if you have surplus feed and can assist farmers in areas struggling with drought by taking on stock, broaden your search - there are bound to be farmers who need a hand."
"This is an industry issue, we all need to think about assisting these farmers, to maximize the potential of these animals while keeping their welfare front of mind," he says.
Powdrell says there are various avenues farmers can consider taking when looking to buy or sell stock.
"Maintaining close contact with traditional channels such as your meat company and agent will be helpful - and they may be able to assist with getting your stock to other parts of the country or helping you to find stock to take on," he says.
"There are also new alternative methods emerging such as Stock X, a secure online trading platform. Those with stock to sell can create listings and potential buyers from anywhere in the country can browse the listings. Stock X has pledged a fifth of their commission to support drought affected farmers in Canterbury."
Powdrell says the welfare of the animals remains paramount both on farm and throughout transport.
"It goes without saying that all animals need to be confirmed fit for transport before they commence their journey."
Farmers who require support throughout the rest of this testing season or who have concerns for friends or neighbours are encouraged to get in touch with the Rural Support Trust.
