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OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be, despite falling interest rates, and the report still paints a damning picture of rural lending.
The survey of more than 600 farmers conducted in November shows only 53% of respondents are currently satisfied with their banking relationship.
"That's a huge drop from 80% in 2017 and raises some serious questions about their behaviour," Feds' Richard McIntyre says.
Alarmingly, almost a quarter of farmers feel their bank doesn't allow them to structure their debt efficiently with 11% reporting being asked to use overdrafts for capital projects.
Forcing farmers to use their overdrafts for capital spending drives up interest costs for farmers and, surprising no one, it also drives up profit for the banks.
Federated Farmers is celebrating following the Government's announcement that young farmers will be able to use their KiwiSaver funds to buy their first home or farm.
OPINION: The euphoria over the Government’s two new bills to replace the broken Resource Management Act is over.
Canterbury arable farmers are down by tens of millions of dollars after a rollercoaster of wild changeable January weather saw harvests delayed and some crops destroyed by violent hailstorms.
OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.
Sheep and beef farmers in Hawke's Bay are being urged to keep a close eye on the wells that supply water to their stock.
A new Westpac NZ community banking van begins making visits around Northland this week.
New Zealand Food Safety (NZFS) is sharing guidance to prevent people from contracting listeriosis, a rare yet life-threatening foodborne illness.
As cost-of-living pressures continue to bite Kiwi households, the Fruit in Schools (FIS) programme is helping fuel learning and improve the health and wellbeing of 127,000 children and staff.
OPINION: Public opinion, political pragmatism and commercial and market reality have caused the Government to abandon introducing legislation into Parliament to legalise the shipment by sea of live animals - mainly cows - to overseas destinations.
Safer Farms has welcomed its first three regional champions that will be taking the Farm Without Harm message directly into their rural communities.
Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across the season and turning routine data capture into actionable farm intelligence.
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