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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."
OPINION: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is now showing how underemployed she is as a minister by initiating an investigation into whether young children should be banned from collecting eggs on farms and feeding animals.
OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle of Ben Tre: "We had to burn the village to save it."
OPINION: The sudden departure of Jim Ward, manager of Molesworth Station for 24 years, highlighted some major dysfunction in the way conservation estate is managed in this country - the biggest problem, as the Hound sees it, being idealogues who harp on about "taonga" and use all means possible to block sensible commercial operations on conservation land.
OPINION: While the destruction of NZ's oil and gas industry by Jacinda Ardern's band of merry vandals was virtue signalling on a heroic scale - producing no environmental benefit whatsoever - the politician vowing to make that industry whole again, Shane Jones, is not above a bit of virtue signalling of his own.
OPINION: Your old mate's ear has been chewed off recently by farmers voicing their displeasure with the National Party, particularly relating to how they're treating their farmer base.
Dannevirke farmer Dan Billing has been announced as the new national chair of Beef + Lamb New Zealand's (B+LNZ) Farmer Council.
A Mid Canterbury beef farm has unlocked a new market for its products thanks to its unusual beef breed, and an award-winning pie taking the district by storm.
The number of beef straws going into dairy cows is on the increase, according to LIC beef genetics product lead Paul Charteris.
OPINION: Farmers along the east coast of both islands are being urged to start planning for drought as recent nor'west winds have left soil moisture levels depleted.
European growers are playing a key role in ensuring Kiwifruit marketer Zespri has year-round supply of high-quality fruit for consumers.
ANZ's chief executive Antonia Watson says agriculture has proven to be “a shining light” for New Zealand’s economy.
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer…
OPINION: The Hound reckons a big problem with focusing too much on the wrong goal - reducing livestock emissions at…
