Lamb returns forecast to remain low
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
ANZ says businesses are now realising the advantages of clean transport options and this is driving huge change.
"Customers are increasingly coming to us for support and guidance, asking us what they can do, and how they can invest to future proof their businesses," says Lorraine Mapu, ANZ managing director for business.
In response, the bank says it has expanded the scope of its Business Green Loan. This means business customers can now use the loan to replae their fossil-fuelled fleet with electric vehicles.
"An important part of our role as a bank is to support the shift to more sustainable practices by removing some of the cost barriers businesses face," Mapu says. "Investing in clean transportation can help reduce emissions and increase efficiency."
She says expanding its Business Green Loan to include electric vehicles and clean transport options is one important way the bank can help.
ANZ's Business Green Loan allows eligible customers to borrow up to $3 million at a special floating rate. This can be used for investments in renewable energy, energy efficiency, sustainable land and water us, and the building renovating, or purchasing of green buildings and clean transport.
"Farmers who have taken up the loan, have told us that the special rate meant that it made good sense from a business standpoint, and this helped justify their decision to make a change," Mapu claims.
Solar generation company, Lodestone Energy is now delivering energy from its second solar farm, Rangitaiki in the Bay of Plenty.
Commercial fruit and vegetable growers are being urged to their say in the upcoming levy referendum to enable Horticulture New Zealand (HortNZ) to continue its work for the sector.
James and Debbie Stewart from Dairylands in Manawatu impressed judges and took out the 2024 Fonterra Responsible Dairying Award.
Manawatu farmers Will Hinton and Kali Rangiawha have scooped the 2024 New Zealand Share Farmers of the Year.
More bull breeders are using genetic tools according to the latest research.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.