Tuesday, September 24, 2024

Finance


Kiwibank denies rural lending ambitions

Kiwibank denies rural lending ambitions

Nigel StirlingSep 5, 2024
State-owned bank quashes speculation that 32% increase in lending means it is moving in on ‘crowded’ sector.

How fast and low will interest rates go?

Cameron BagrieSep 5, 2024
Cameron Bagrie unpacks the welcome news that interest rates are coming down at last.

‘Social licence’ rebuke as banks drag heels

Nigel StirlingAug 27, 2024
Parliament’s rural lending probe puts central and commercial banks on notice about tough questions ahead.

Feds cheers warning shot to Reserve Bank

Nigel StirlingAug 22, 2024
Finance minister suggests central bank could face being required to encourage competition in ‘cosy’ sector.


FMG bounces back to $76.7m profit

FMG bounces back to $76.7m profit

Farmers WeeklyAug 15, 2024
Climate gives insurer a reprieve from catastrophic events after a rough period.
Could Kiwibank cash boost rural lending?

Could Kiwibank cash boost rural lending?

Nigel StirlingAug 14, 2024
Sector spies opportunity if state-owned bank goes to the market for new capital.
vineyard flooding Hawkes Bay 1

Record year of complaints to insurance ombudsman

Farmers WeeklyAug 12, 2024
Extreme weather claims ripple through system, causing delays.
Banks deny airbrushing data ahead of inquiries

Banks deny airbrushing data ahead of inquiries

Nigel StirlingAug 12, 2024
Federated Farmers takes issue with banks reporting rosier credit picture – at odds with its own farmer survey.
Farm Focus data highlights shifting landscape of on-farm costs

Farm Focus data highlights shifting landscape of on-farm costs

Farmers WeeklyAug 9, 2024
Top five expenses include wages, which have increased 15% year on year.
Changed mindset needed for next generation

Changed mindset needed for next generation

The traditional pathways for dairy farmers like sharemilking are still there, but they seem to be getting tougher and tougher each year, a farming leader says.
cows-milking

Hedging your bets to smooth out volatility

Gerhard UysAug 7, 2024
NZX is offering an online academy to teach dairy buyers and sellers about the futures market.
New appointment to Rabobank board

New appointment to Rabobank board

Farmers WeeklyAug 5, 2024
Chief Compliance Officer Angelique Meddeler takes seat.
Risk of farm trusts being over-taxed

Risk of farm trusts being over-taxed

Federated FarmersJul 22, 2024
David Boyce of Perpetual Guardian cautions that New Zealand's recent trust tax rate hike to 39% could lead to unintended overtaxation for many farming trusts.
Close-up of extended cupped hands holding coins with a fresh plant sprouting from it.

Six ways to generate more capital for farmers

Farmers WeeklyJul 3, 2024
There’s more to it than resetting capital restrictions on agri lending, says NZAB director.
Banking inquiry ‘an opportunity not a threat’

Banking inquiry ‘an opportunity not a threat’

Federated FarmersJun 27, 2024
Lobby group says high interest rates, limited ability to borrow money, and a lack of farmer confidence are constraining the farming sector’s growth and development.
Calling Aussie banks on the carpet at last

Calling Aussie banks on the carpet at last

Alan EmersonJun 26, 2024
Alan Emerson is delighted to see bankers from across the ditch called to account to NZ’s Parliament.
Rural banking issues to see some ‘sunlight’

Rural banking issues to see some ‘sunlight’

Federated FarmersJun 21, 2024
Federated Farmers' advocacy for a rural banking inquiry has been rewarded with government approval, marking a crucial step toward fairer banking for farmers.
Bank inquiry takes NZ down risky road, expert says

Bank inquiry takes NZ down risky road, expert says

Nigel StirlingJun 21, 2024
Top banking academic warns that dictating to banks could drive them to abandon rural sector.
A look inside the banking books

A look inside the banking books

Nigel StirlingJun 18, 2024
Banks are getting it in the neck from farmers, and a parliamentary inquiry looms. But how much blame do the banks deserve, asks Nigel Stirling.
Bank queries point of rural lender inquiry

Bank queries point of rural lender inquiry

Neal WallaceJun 13, 2024
ANZ is unsure what new information such an exercise would glean.
Governor endorses rural banking review

Governor endorses rural banking review

Neal WallaceJun 11, 2024
Head of the Reserve Bank also takes issue with banks blaming it for less favourable agri terms.
Banks offer patchy defence to rural complaints

Banks offer patchy defence to rural complaints

Neal WallaceJun 7, 2024
Select committee members disgruntled by response, says chair.
Rabobank bears brunt of ag’s non-performing loans 

Rabobank bears brunt of ag’s non-performing loans 

Hugh StringlemanJun 7, 2024
Bank attributes higher ratio to greater vigilance on its part.
coins

Banks are failing rural borrowers, Feds tells committee

Neal WallaceJun 7, 2024
Federation calls for inquiry into rural banking after what it says is a deterioration in the relationship with its farmer clients.
Rates and premiums set to erode inflation relief

Rates and premiums set to erode inflation relief

Neal WallaceJun 5, 2024
National economic levers give, but local and commercial costs will take away.
Federated Farmers put banks on notice

Federated Farmers put banks on notice

Federated FarmersMay 31, 2024
‘Do you think NZ banks are presently demonstrating a positive commitment to support farming through difficult periods of high interest rates?’
KiwiSaver rule changes to support farmers ‘long overdue’

KiwiSaver rule changes to support farmers ‘long overdue’

Federated FarmersMay 30, 2024
Federated Farmers is calling on the government to allow young farmers to use their KiwiSaver towards farm ownership.
Unpacking the huge gap between meat company profits

Unpacking the huge gap between meat company profits

Allan BarberMay 27, 2024
It was a tough season for all, but performance swung wildly among the big processors.
Farmers running out of banking room: NZAB

Farmers running out of banking room: NZAB

Hugh StringlemanMay 24, 2024
Disparity between rural and urban lending practices a risk to primary sector, select committee told.
Sustainable loan a hit with farmers

Sustainable loan a hit with farmers

Bryan GibsonMay 24, 2024
Money mainly used to protect land from future extreme weather and tackle emissions.
Federated Farmers guns for rural banking in submission

Federated Farmers guns for rural banking in submission

Nigel StirlingMay 16, 2024
Farming lobby lays it on the line for Parliamentary Select Committee.
Bank move exposed Alliance vulnerability

Bank move exposed Alliance vulnerability

Neal WallaceMay 15, 2024
Glimpse behind the scenes shows co-op determined to shore up finances after February scare.
Tax-coins

Young farmers encouraged to stock wealth off-farm

KiwiSaver is another tool for young farmers to grow their wealth, providing a structured and disciplined way to save, an expert.
How to keep the cash flowing in rural NZ

How to keep the cash flowing in rural NZ

Neal WallaceMay 6, 2024
Reserve Bank to launch a series of trials to test ways of getting banknotes to and from country towns.
How to retire well as a dairy farmer

How to retire well as a dairy farmer

Guest writerMay 3, 2024
Retirement and investment planning doesn’t have to be intimidating or overwhelming, says an industry adviser.
Stress showing up in non-dairy loans

Stress showing up in non-dairy loans

Nigel StirlingMay 3, 2024
Troubled agricultural loans outside the dairy sector hit their highest level since early 2012, Reserve Bank reports.
Low lying paddocks flooded in Frasertown road near the Awatere Streams in the Gisborne region.

Council adds voice to insurance debate

Annette ScottMay 2, 2024
‘Better understanding of natural hazards can help ensure that insurance is affordable and accessible for all.’
Banks brace for agri climate losses

Banks brace for agri climate losses

Nigel StirlingMay 1, 2024
Climate stress testing on biggest banks reveals particular vulnerability of farm loans.
Workshops tune up farm finance skills

Workshops tune up farm finance skills

Farmers WeeklyApr 16, 2024
Rabobank’s free one-day courses open to clients and non-clients alike.
Parliament to probe rural banking

Parliament to probe rural banking

Parliament announces that it is kicking off an investigation into rural banking.
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