Wednesday, 20 November 2024 09:55

Bank reset

Written by The Hound

font size decrease font size increase font size
Print
Email

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."

More like this

Waffle man

OPINION: Prime Minister Christopher Luxon sometimes can't escape his own corporate instinct for evasion, and in what should have been a soft interview with ZB's Mike Hosking, Luxon unnecessarily "made a meal of it", to paraphrase Hosking.

Banks on notice

OPINION: Shane 'Matua' Jones, crusader against all things woke, including "woke banks", couldn't have scripted it better when his NZ First colleague Andy Foster had his Members' Bill drawn from the ballot recently.

House in order?

OPINION: Your old mate reckons a wake-up call is overdue for the platoons of non-productive (and now unemployed) bureaucrats, researchers and various other bludgers whingeing about the current government putting out the bonfire of taxpayer money that burned so brightly in recent years.

Chicken Little

OPINION: If you're one of the few still reading the NZ Herald, you'd have seen Chicken Little academics screaming that the sky is falling because Judith Collins has focused Marsden science grants on actual science.

Sacrificed?

OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our current farming use so we can afford to pull that back a bit in order to restore nature... in order to get clean energy. That is not a major sacrifice."

Featured

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.

Farmer input needed to combat FE

Beef + Lamb New Zealand (B+LNZ) is calling on livestock farmers to take part in a survey measuring the financial impact of facial eczema (FE).

Genetics helping breed the best farm working dogs

Soon farmers and working dog breeders will be able to have a dog that best suits their needs thanks to a team of researchers at Massey University.

Editorial: Escaping Trump's wrath

OPINION: President Donald Trump's bizarre hard line approach to the world of what was once 'rules-based trade' has got New Zealand government officials, politicians and exporters on tenterhooks.

Wool pellets to boost gardens

With wool prices steadily declining and shearing costs on the rise, a Waikato couple began looking for a solution for wool from their 80ha farm.

Meeting face-to-face with vegetable, fruit growers

The Horticulture New Zealand (HortNZ) team is looking forward to connecting with growers at the upcoming South Island Agricultural Field Days, says HortNZ chief executive Kate Scott.