Farmer satisfaction with banks continues to erode

Farmer satisfaction with banks continues to erode
ANZ is the largest rural bank lender in NZ followed by BNZ and Rabobank.
Rebecca Howard
Farmer satisfaction with their lenders continues to erode as banks' moves to shut provincial branches add to their worries.Federated Farmers' six-monthly survey, run with the help of Research First, found 62% of farmers are satisfied with their bank relationship, down 4 points from November and continuing the steady erosion of satisfaction over the past five years when it was more than 80%.Of the 1,157 farmers who responded, 71% said they were concerned about bank branch closures. Of those, 42% said they needed branches to carry ou...

More Primary Sector

Back on track: King Salmon looks ahead
Primary Sector

Back on track: King Salmon looks ahead

King Salmon's core business is sound again; big investment beckons.

Pattrick Smellie 28 Mar 2024
Meng Foon won't quit as a PGW director
Primary Sector

Meng Foon won't quit as a PGW director

His board colleagues have invited him to go.

Riley Kennedy 26 Mar 2024
Agria pulls out of PGW board coup
Primary Sector

Agria pulls out of PGW board coup

Largest shareholder drops bid to have most independent directors dumped.

Riley Kennedy 22 Mar 2024