Federated Farmers is urging the trading banks to absorb as much as possible of the additional costs of new bank capital requirements rather than dump it all on customers, and especially on under-pressure farmers.
The Reserve Bank has estimated the impact of the required lift in total capital to 18% for the four large banks and 16% for remaining smaller banks (from a current average of 14.1%) will be a 0.2% increase in average bank lending rates.
“But the impact on farming is likely to be much higher,” Federated Farmers commerce spokesperson Andrew Hoggard says.
“This is because there is less lending competition in the agricultural sector and we know banks are already looking to reduce their exposure to farm debt. Banks have been putting the squeeze on farmers even before today’s announcements by the Reserve Bank.” . .
Low methane New Zealand sheep coming to a farm near you – Esther Taunton:
Farmers will soon be able to breed low methane sheep through a “world first” genetics programme.
Beef and Lamb New Zealand has added low methane production to the list of traits breeders can target when choosing rams.
Farmers already use several “breeding values” (BV) to select animals with characteristics they want to strengthen in their flocks, including meat yield and lamb survival rate. . .
Farmer leads second Wayleggo Cup win – David Hill:
Andy Clark is proud to boast an unbeaten record as New Zealand sheep dog trials test team captain.
The Banks Peninsula farmer led his country to a second successive Wayleggo Cup triumph over Australia at the 125th annual Nelson A&P Show on November 23 and 24.
‘‘It’s a great event and it brings out the best in people. It’s always good to represent your country and it’s an honour to be the captain.’’
He had a very successful season with his dog Girl, winning the national long head title and placing sixth overall in the yarding at the New Zealand sheep dog trials championships earlier this year.
Qualification for the national side is based on performances at the North Island and South Island competitions and the national championships. . .
Growers told change needed now – Colin Williscroft:
Vegetable growers have been told Overseer won’t work for them and farm environment plans are the best way to demonstrate good land management practice.
Agrilink director Andrew Barber, who is working with Vegetables NZ and HortNZ to encourage growers to develop plans, has been running a series of workshops in Levin to explain their benefits. Workshops are also being held in Pukekohe.
But there are a range of drawbacks applying Overseer to vegetable production. . .
Kiwi farmers are joining a revolution – farming the regenerative way – Jendy Harper & Frank Film:
There’s a buzz in Simon Osborne’s paddock of crimson clover. It’s the hum of animated chatter as around 70 farming folk share their experiences of farming the regenerative way.
Others in the field are quietly taking it all in – “newbies” attending their first field day to learn more about a farming practice that “mimics nature” and has its roots in soil biology and plant diversity.
With many New Zealand farmers facing financial and environmental challenges, a growing number are showing an interest in regenerative agriculture. . .
City kids have farm classroom – Annette Scott:
A slice of rural New Zealand in the centre of Auckland has city kids farming with a view of the Sky tower.
While most Mt Albert Grammar School students grapple with the more usual classroom studies others are out getting hands-on agribusiness lesssons on the school’s 8.1 hectare farm.
The cows and sheep grazing on a farm with a good view of Auckland’s sky tower is the story being told by the third Dairy Women’s Network visual story telling project – Our people, their stories.
The school farm was established in 1932 when the Auckland Horticultural Society decided city children were losing knowledge of farming practices and asked Mount Albert Grammar to teach agriculture and horticulture. . .
Feeling of being branded ‘unclean’ – Sally Brooker:
North Otago farmers Murray and Gaynor Smith say they feel like they’ve been branded ‘‘unclean’’ as a result of being caught up in the Mycoplasma bovis outbreak.
The Smiths are speaking out to show others in a similar predicament they are not alone.
It all started a year ago when Mr Smith bought eight cattle at Oamaru’s Waiareka saleyards. They joined the one resident steer on the 62ha Livingstone farm.
Mr Smith said he was contacted by the M. bovis casing team in Wellington on September 9, but ‘‘there was no indication given that there was anything to worry about’’.
About a week later, he was phoned by a person assigned by the Ministry for Primary Industries to be his incident control point (ICP) manager. The man, whom Mr Smith preferred not to name, told him his cattle were linked to a property known to have M. bovis. . .