• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

NZ farmers say banks supportive

08 September 2015 4:48PM
A survey by New Zealand's biggest rural lobby group, Federated Farmers, found only 6.6 per cent of dairy farmers felt under undue pressure from the their banks, despite most having to borrow heavily because of sustained losses. Federated Farmers said the survey showed banks were supporting farmers, pointing to just 3.1 per cent saying they were unhappy with the communication from their banks.Meanwhile, more than ten per cent of New Zealand dairy farmers have taken up Fonterra's offer of an interest free loan of 50 NZ cents per kilogram of milk in the first week of the offer, which closes on September 25.  Fonterra is expected to lend farmers over NZ$400 million in the current financial year to May 31. The loans are interest free until May 31, 2017 and are expected to be repaid once the Fonterra payout rises above NZ$6/kg.  Fonterra is forecasting NZ$3.85/kg for this season.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use