ARCHIVES
Foreign forest investment welcome
29 November 2017
The forestry sector will have unique access to overseas investment to boost the Government’s tree planting programme and encourage domestic processing.
Banks' dairy support praised
29 November 2017
The Reserve Bank says it was right for banks to support farms through the dairy price downturn to limit loan defaults even though that contributed to the increase in dairy sector debt and added risk to New Zealand’s financial system.
Dairy farmers lose swaps case
23 November 2017
Taranaki dairy farmers Stephen and Sharon Coomey lost their bid to sue ANZ Bank New Zealand over the way it sold them interest rate swaps.
Dairy farmers still rely on banks
15 November 2017
While more farmers are likely to post positive cashflow this season because of improving dairy prices, many will still be beholden to their lenders for at least the next two years, Standard and Poor’s says.
RBNZ predicts static dairy prices
14 November 2017
Reserve Bank research into local volatility in commodity prices indicates dairy prices will stay at their current levels in the short- to medium-term barring some major shift in Europe or the United States.
Loan book grows profit
13 November 2017
Heartland Bank boosted first-quarter profit from its rural loan book by almost a quarter on rising interest income.
Ag sector paints bright picture
10 November 2017
Reserve Bank deputy governor Geoff Bascand is upbeat about the agriculture sector and says it is one of the reasons the central bank doesn’t have an especially gloomy picture of the economy.
Westpac loan book recovers
6 November 2017
Westpac New Zealand chief executive David McLean expects to reverse more impairment charges in the lender’s agricultural loan book if dairy conditions stay favourable.
Moody’s confident despite risks
3 November 2017
Moody’s Investors Service says its outlook for the New Zealand banking system over the next 12-18 months is stable, partly supported by a recovery in milk prices.
BNZ lifts agri-lending share
2 November 2017
Bank of New Zealand increased its share of agribusiness lending in the latest financial year with the dairy recovery bolstering optimism in the sector.
