Sharemilkers still feeling pressure from lenders, despite dairy price rises

Tue, 13 Dec 2016

By Edwin Mitson Dec. 13 (BusinessDesk) - A fifth of share milkers who responded to a Federated Farmers survey said they were coming under pressure from their bank on their mortgage, with 13 percent expressing dissatisfaction with their lender. Sharemilkers own their own herds and lease land for their animals from other farmers, focusing their investment on livestock and equipment. Overall, the latest Federated Farmers' Banking Survey found the number of farmers feeling under 'undue pressure' over their mortgages fell from 12.1 percen...

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