Banks could take a hit from cattle disease M.bovis: report
The Reserve Bank says the cattle disease Mycoplasma bovis has the potential to result in losses for banks, which should remain prudent in their lending to dairy farmers.
Federated Farmers survey: Farmers happy with banks' service
The level of investment required in modern dairy farming was underlined in the latest Federated Farmers banking survey, with the size of mortgages and the number of dairy farms with overdrafts both increasing.
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Source: THE COUNTRY
Link: http://www.nzherald.co.nz/the-country/news/article.cfm?c_id=16&objectid=11971972
Fonterra banks on new farmer approach
Fonterra is banking on a diverse product mix and a more open relationship with farmers to help it grow in Australia. By: CARLENE DOWIE
Bank identifies big supply gap in milk production growth
New Zealand dairy processors will struggle to fill existing and planned capacity in coming years as an anticipated decline in milk supply leads to more cautious investment in capacity, according to a new report from Rabobank.
Farmers feel less undue pressure from banks: survey
Farmers are very indebted, with 80 per cent of them having mortgages, the average value of each being $2.8 million. By: GERARD HUTCHING
Bankers pitch for Murray Goulburn work
As Murray Goulburn gets set to publicly name the adviser it has called in to solve its woes, plenty of investment bankers are said to have been knocking on the company’s door offering possible solutions for the dairy processor’s problems. By: BRIDGET CARTER and SCOTT MURDOCH
Dairy co-ops told to open bank accounts for farmers
Kolhapur: The state has instructed primary dairy cooperatives across Maharashtra to open bank accounts for dairy farmers to transfer their bills. A two-month deadline has been set by the state to comply with instructions.
Jon Morgan: Aussie banks will take their share of the dairy payout
We’ll have to wait a few years yet for a dairy-fuelled boost to the economy, Jon Morgan writes.
Spoiled-Milk Lending Flows to a Chinese Insurance Giant
Bank owned by big insurer Ping An is exposed to the plunge in China Huishan Dairy’s shares. By ANJANI TRIVEDI.
Global dairy price: Worst days over
THE worst global dairy prices in this cycle are gone, according to one analyst. By Simone Smith.