More NZ farmers feel under financial pressure as bank satisfaction declines

Mon, 04 Jun 2018

By Tina Morrison June 5 (BusinessDesk) - More New Zealand farmers are feeling under financial pressure and satisfaction with banks has slipped, according to the latest Federated Farmers' Banking Survey. The number of farmers who said they were ‘very satisfied’ or ‘satisfied’ with their banks slipped to 79 percent in May from 81 percent in November, according to the biannual survey. The decline was led by sharemilkers whose satisfaction level fell to 68.5 percent from 77 percent, although the drop was mainly driven by more people having a...

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