fbpx
Print this page
Wednesday, 21 June 2023 13:55

New eco farm loan

Written by  Staff Reporters
Westpac NZ chief executive Catherine McGrath. Westpac NZ chief executive Catherine McGrath.

Westpac has launched a new sustainable loan for farming.

Westpac NZ chief executive Catherine McGrath says the new Sustainable Farm Loan is the first loan in NZ to accelerate sustainability across all aspects of farming and covers all term debt associated with the farm.

"We're keen to encourage increased focus on farm management, waterway biodiversity and nutrient improvements on the farm, and understanding and managing agricultural emissions."

McGrath says the bank has worked with AsureQuality to ensure that the Westpac Sustainable Farm Standard is robust and equivalent to all applicable aspects of the industry-agreed Sustainable Agriculture Finance Initiative guidance.

More like this

Big future for hort

The horticulture sector is punching above its weight when it comes to export revenue, according to Westpac industry analyst Paul Clark.

Dairy prices slip

Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.

Featured

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products