Reserve Bank rules bleeding farmers dry - Feds
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Newly elected Federated Farmers president Wayne Langford says he’s certainly feeling the weight of responsibility that comes with the role.
The 40-year-old Golden Bay dairy farmer was elected at Feds annual meeting in Wellington yesterday. He replaces Andrew Hoggard, who resigned abruptly six weeks ago after being linked to the ACT Party. Hoggard was later confirmed as an ACT candidate for the upcoming general elections.
Langford described his elevation to the top job as a huge honour.
"It’s a huge honour to be elected to lead Federated Farmers, but I’m certainly feeling the weight of responsibility that comes with it,” he says.
"Federated Farmers are the largest rural advocacy organisation in the country and farmers are looking to us for strong leadership as they try to navigate their way through an increasingly complex world.
"Farmers can expect to see me bring my own style and approach to the role while also honouring the long and proud 124-year history of an organisation that’s served our sector so well.”
He noted some big challenges ahead – like changing regulations, rising on farm costs, high interest rates, and profit squeeze putting pressure on farming families.
"There’s no denying that times are tough, but we can’t let fear, negativity or frustration divide us at the very moment we should be coming together to find pragmatic solutions that will work for farmers and rural communities."
Federated Farmers have an important role to play in finding a pathway forward through strong and trusting relationships, and credible farmer representation that is well connected at the grassroots level, Langford says.
Langford is joined by experienced South-Canterbury mixed arable farmer Colin Hurst, a former director for the Foundation for Arable Research, as vice-president.
Federated Farmers tradition dictates that the president serves a three-year term and is replaced by the vice president. Langford was the vice president before taking up the presidency.
Hurst says the organisation is in great health with a huge turnout to its AGM this week.
“It’s certainly the largest I’ve seen in all my years with Feds, and the day was full of really positive discussion," Hurst says.
"I’m really excited about the direction our organisation is heading under Wayne’s leadership, and I think we’ve got the right mix of people sitting around the table to set the organisation up for success.
"Although it can feel tough at times, farmers need to stay positive and keep working toward practical solutions to the challenges we’re facing.
"New Zealand farming has a really bright future ahead of us, and we have some amazing young leaders coming up through our ranks at Federated Farmers. We just need to stick together and keep talking through the tough stuff."
Sandra Faulkner, Mark Hooper, Toby Williams, and Richard McIntyre were all re-elected to the board.
North Canterbury Arable Farmers David Birkett joins the board as arable section chair.
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
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