Dairy debt
Keith Woodford says land-use change is no solution for most farms caught in the debt to asset pincer
11th Feb 20, 7:25am
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Keith Woodford says land-use change is no solution for most farms caught in the debt to asset pincer
Declining dairy asset values plus high debt place many dairy farms in a pincer, with increasing numbers going equity negative despite being cash flow positive
30th Jan 20, 10:31am
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Declining dairy asset values plus high debt place many dairy farms in a pincer, with increasing numbers going equity negative despite being cash flow positive
Federated Farmers says passing of Farm Debt Mediation Bill should help facilitate better conversations between farmers and their banks and where necessary a more structured way to address problems
11th Dec 19, 12:09pm
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Federated Farmers says passing of Farm Debt Mediation Bill should help facilitate better conversations between farmers and their banks and where necessary a more structured way to address problems
In its latest Financial Stability Report the Reserve Bank says options to address excessive dairy debt are limited as farm sales are at historically low levels
27th Nov 19, 2:52pm
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In its latest Financial Stability Report the Reserve Bank says options to address excessive dairy debt are limited as farm sales are at historically low levels
Jenée Tibshraeny looks at the key government and Reserve Bank policy changes underway that impact dairy farmers, accompanied by a healthy dose of context
19th Nov 19, 9:45am
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Jenée Tibshraeny looks at the key government and Reserve Bank policy changes underway that impact dairy farmers, accompanied by a healthy dose of context
Delayed Fonterra annual results and new business strategy to be released next week on Thursday, September 26
17th Sep 19, 3:16pm
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Delayed Fonterra annual results and new business strategy to be released next week on Thursday, September 26
Farmers want Farm Debt Mediation Bill tweaked to require lenders to offer mediation as soon as they impose an 'unachievable condition'; Banks say this is an overkill but it's fair for mediation to be offered before they take 'enforcement action'
23rd Aug 19, 9:21am
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Farmers want Farm Debt Mediation Bill tweaked to require lenders to offer mediation as soon as they impose an 'unachievable condition'; Banks say this is an overkill but it's fair for mediation to be offered before they take 'enforcement action'
Former ANZ chief economist Cameron Bagrie says too much blame is being put on the Reserve Bank for issues the dairy sector was always going to face regardless of whether bank capital rules were reviewed
10th Jul 19, 9:40am
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Former ANZ chief economist Cameron Bagrie says too much blame is being put on the Reserve Bank for issues the dairy sector was always going to face regardless of whether bank capital rules were reviewed
Lenders to be required to mediate with indebted farmers who default on payments before taking enforcement action under proposed law thought-up by NZ First and taken-up by the Government
17th Jun 19, 5:23pm
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Lenders to be required to mediate with indebted farmers who default on payments before taking enforcement action under proposed law thought-up by NZ First and taken-up by the Government
Federated Farmers says its quoting of bank lobby group CEO warning of perceived cost of RBNZ bank capital proposals in press release on farmer banking survey was part of ensuring balance & right of reply
8th Jun 19, 9:12am
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Federated Farmers says its quoting of bank lobby group CEO warning of perceived cost of RBNZ bank capital proposals in press release on farmer banking survey was part of ensuring balance & right of reply
Federated Farmers survey shows average farmer interest rates down 10 basis points in six months to May as proportion of farmers who say they feel undue pressure from their banks rises
6th Jun 19, 5:05pm
Federated Farmers survey shows average farmer interest rates down 10 basis points in six months to May as proportion of farmers who say they feel undue pressure from their banks rises
Gareth Vaughan argues the RBNZ's proposals to increase bank capital requirements could be good for both NZ banking competition and NZ taxpayers
30th Apr 19, 5:00am
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Gareth Vaughan argues the RBNZ's proposals to increase bank capital requirements could be good for both NZ banking competition and NZ taxpayers
Keith Woodford explains the decisions and behaviours that have led to dairy’s debt-laden pickle
9th Feb 19, 9:31am
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Keith Woodford explains the decisions and behaviours that have led to dairy’s debt-laden pickle
A government Farm Debt Mediation Bill would be 'a useful tool in the tool kit' Federated Farmers says as farmers' satisfaction with their banks drops
12th Dec 18, 10:13am
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A government Farm Debt Mediation Bill would be 'a useful tool in the tool kit' Federated Farmers says as farmers' satisfaction with their banks drops
Westpac NZ's David McLean is seeing increased competition between the banks as the spring housing market springs to life
6th Nov 18, 11:51am
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Westpac NZ's David McLean is seeing increased competition between the banks as the spring housing market springs to life
Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
5th Nov 18, 10:07am
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Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
Keith Woodford discusses trends in on-farm dairy debt and the challenges it creates
6th Dec 17, 2:35pm
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Keith Woodford discusses trends in on-farm dairy debt and the challenges it creates
Impaired assets spike at rural lender Rabobank NZ in the September quarter
4th Dec 17, 10:43am
Impaired assets spike at rural lender Rabobank NZ in the September quarter
A 325% debt-to-disposable income ratio, loans to prop up dairy farms, NZ's net external liability position at its lowest level since the 1980s, 50% housing loan growth in just 2 years & more
30th Nov 17, 8:24am
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A 325% debt-to-disposable income ratio, loans to prop up dairy farms, NZ's net external liability position at its lowest level since the 1980s, 50% housing loan growth in just 2 years & more
Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers
6th Nov 17, 9:51am
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Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers
Rabobank June quarter profitability rises but so do impaired assets
12th Sep 17, 12:48pm
Rabobank June quarter profitability rises but so do impaired assets
Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
6th Jun 17, 11:05am
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Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
Rural lender Rabobank says it's 'well positioned' to support expanding customers and 'explore opportunities' to take on 'good quality' new customers
29th Mar 17, 10:03am
Rural lender Rabobank says it's 'well positioned' to support expanding customers and 'explore opportunities' to take on 'good quality' new customers
Westpac annual cash profit falls as expenses rise faster than income, net interest margin falls 12 basis points
7th Nov 16, 10:05am
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Westpac annual cash profit falls as expenses rise faster than income, net interest margin falls 12 basis points
BNZ annual profit drops $125m; Gross impaired assets top $1b; Capital bolstered; CEO sees increased pressure on lending margins influencing interest rates
27th Oct 16, 10:14am
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BNZ annual profit drops $125m; Gross impaired assets top $1b; Capital bolstered; CEO sees increased pressure on lending margins influencing interest rates