RBNZ sees potential financial stress for #dairy farmers with 70% of their debt on floating mortgages in rising rate environment as payouts fall
Nearly 70% of the $32 billion worth of dairy farm debt is on floating mortgage rates, the Reserve Bank says, meaning rising interest rates are likely to increase financial stress if incomes fall.
The Weekly #Dairy report: Big falls at auction makes bankers cautious for next years #prices
As March has now passed the west of the north island gets even drier and prospects for relief in early April look grim for drought areas.
High interest forces #farmers off land
Farm lobby group says those ‘set up to fail’ may take class action against major banks.
Milk prices expected to stagnate
The Bank of New Zealand is picking international milk prices to be stagnant in upcoming global auctions.
#Dairy payout lift tipped as world prices up 4.9pc
Dairy farmers could be looking at another record year for profit in 2013-14 after a 4.9 per cent rise in GlobalDairyTrade prices was recorded at the overnight auction, banks said.