Feds: NZ can't double exports if farmers don't have banks' backing

Federated Farmers wants a formal inquiry into the rural banking sector. (Image: NZME)

Fri, 24 May 2024

New Zealand won’t be able to double agricultural exports if farmers don’t have the support of their banks.That was the message from Federated Farmers to Parliament’s Primary Production Select Committee, which heard submissions on its rural banking briefing on Thursday.The farming lobby group – which regularly surveys its members on banking – wants the select committee to launch a formal inquiry into the rural banking sector, saying it has observed a “steady and significant” decline in communication, ser...

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