Wednesday, 20 November 2024 09:55

Bank reset

Written by  The Hound

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

Risky business

OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.

Should've waited

OPINION: The proposed RMA reforms took a while to drop but were well signaled after the election.

About time!

OPINION: Finally, the jackboot of State will be lifted from the throat of those trying to grow the economy.

'Terrible idea'

OPINION: With media putting so much effort into covering the issue of children not really liking the school lunch they never asked for in the first place, it's understandable they've paid little if any attention to the looming threat to the NZ economy - bird flu.

Dodgy!

OPINION: If you believe Maori Party president John Tamihere’s claim that “nothing dodgy” occurred at Manurewa Marae during the last election, the Hound has a bridge to sell you.

Featured

Awards celebrate rural sports talent

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.

New CEO for FAR

The Foundation for Arable Research (FAR) has appointed Dr Scott Champion as its new chief executive.

New genetic tool for beef farmers

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.

Bremworth CEO departs

Three weeks on from Bremworth’s board overhaul, the carpet maker’s chief executive Greg Smith is stepping down.

National

Machinery & Products

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

Grabbing bales made quick and easy

Front end loader and implement specialist Quicke has introduced the new Unigrip L+ and XL+ next-generation bale grabs, designed for…

» Latest Print Issues Online

The Hound

Risky business

OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.

Should've waited

OPINION: The proposed RMA reforms took a while to drop but were well signaled after the election.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter