Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
OPINION: Adding to calls to get banks to 'back off', NZ Agri Brokers director Andrew Laming has revealed that the banking structure massively favours lending to housing, at the expense of the productive sectors, particularly agribusiness.
Between 2018-2024, lending to housing grew 45.54% while lending to agri grew 3.44%.
He says, put plainly, over the last 6 years, the main banks collectively advanced an extra $111 billion to houing and just $2 billion to agri.
"These structural issues also make lending to agri (& business) more expensive (the margins are almost double in agri on average and in some cases can be higher), even though agri lending losses are actually very low. This is a massive fiscal drag on the NZ productive sectors."
At a gala evening held at Palmerston North in March, the sporting and rural communities came together to celebrate the Ford New Zealand Rural Sports Awards.
Assessing pasture cover has just been become easier, thanks to Artificial Intelligence (AI).
The Foundation for Arable Research (FAR) has appointed Dr Scott Champion as its new chief executive.
Beef + Lamb New Zealand (B+LNZ) has launched a powerful new tool to help commercial beef farmers select the best bulls for their farm businesses.
Air quality is a major safety issue for New Zealand, with approximately 650 deaths per year caused by cancer attributable to airborne contaminants.
Three weeks on from Bremworth’s board overhaul, the carpet maker’s chief executive Greg Smith is stepping down.
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
OPINION: The proposed RMA reforms took a while to drop but were well signaled after the election.