3pm embargo: NZ sharemilking farmers, pressured by low prices, are least happy with their bank, survey shows

Tina Morrison
Mon, 30 May 2016

By Tina Morrison May 30 (BusinessDesk) - New Zealand's sharemilking farmers, feeling the pain from low milk prices, are the least happy with their banking relationships at the moment, according to the latest quarterly Federated Farmers Banking Survey. The survey shows that while 81 percent of all farmers said they were either "very satisfied" or "satisfied" with their bank, sharemilking farmers lagged behind with a 70 percent satisfaction rating.  Sharemilkers are the most likely to feel they are coming under "undue pressure" from thei...

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