Tougher bank capital rules could slice 10% from dairy profits - Rabo NZ

Fri, 05 Jul 2019

By Rebecca Howard July 5 (BusinessDesk) - Stricter bank capital requirements would severely dent dairy farm profits if the Reserve Bank goes ahead as planned, warn dairy interests in submissions on the contentious proposals. “Our initial estimates are that the proposals could – at least in the short term – result in approximately a 10 percent decrease in profit for the agriculture sector,” Rabobank New Zealand said in its submission. The Reserve Bank this week released almost all of the 161 written submissions on proposals requiring l...

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