Rate cuts announced by banks over the past couple of weeks do not extend to their agribusiness products. The National Farmers' Federation reported that, as of May 11, only ANZ had cut its agri term-loan.ANZ cut its agri term-loan rate by six basis points, but increased its agri overdraft rate by six points.The NFF Agribusiness Loan Monitor tracks changes in agribusiness loans offered by the majors, as well as Bendigo Bank, Bankwest, BankSA and Suncorp. Apart from ANZ, none of these lenders changed their agri term-loan rates or overdraft rates.NFF's economics committee chair, John McKillop, said the lack of movement on agri loans was "extremely disappointing".