Federated Farmers banking spokesperson Mark Hooper says agricultural debt fell $1.44 billion over the March to April period, at least $1 billion more than the usual seasonal drop.

The fall reflects strong cash flows, the Fonterra capital redistribution and firm beef prices, with farmers choosing to pay down debt.

“Dairy lending is down 5 billion compared to what it was at its peak a few years ago,” he says.Total agricultural debt rose by about $960 million over May and June, which Hooper says indicates increased dairy investment in infrastructure and machinery rather than winter overdrafts.

Read the full story: country-wide.co.nz/feds-survey-finds-total-ag-lending-dropped-1-4-billion-last-year

 

WANT TO LISTEN TO THE SHOW LIVE (11am-1pm NZST) ON THE GO? Download CountryWide Connect mobile app to stream the show via Apple Car Play or Android Auto. Or try the voice command ‘Play CountryWide Connect’ on Amazon Alexa or Google Home.

 

Apple:https://apps.apple.com/nz/app/countrywide-connect/id6761033881

Google Play:https://play.google.com/store/apps/details?id=nz.co.countrywide&hl=en_NZ

Federated Farmers banking spokesperson Mark Hooper says agricultural debt fell $1.44 billion over the March to April period, at least $1 billion more than the usual seasonal drop.
The fall reflects strong cash flows, the Fonterra capital redistribution and firm beef prices, with farmers choosing to pay down debt.
“Dairy lending is down 5 billion compared to what it was at its peak a few years ago,” he says.Total agricultural debt rose by about $960 million over May and June, which Hooper says indicates increased dairy investment in infrastructure and machinery rather than winter overdrafts.
Read the full story: <a href="https://country-wide.co.nz/feds-survey-finds-total-ag-lending-dropped-1-4-billion-last-year/">country-wide.co.nz/feds-survey-finds-total-ag-lending-dropped-1-4-billion-last-year</a>
&nbsp;
WANT TO LISTEN TO THE SHOW LIVE (11am-1pm NZST) ON THE GO? Download CountryWide Connect mobile app to stream the show via Apple Car Play or Android Auto. Or try the voice command &lsquo;Play CountryWide Connect&rsquo; on Amazon Alexa or Google Home.
&nbsp;
Apple: <a href="https://apps.apple.com/nz/app/countrywide-connect/id6761033881">https://apps.apple.com/nz/app/countrywide-connect/id6761033881</a>
Google Play: <a href="https://play.google.com/store/apps/details?id=nz.co.countrywide&amp;hl=en_NZ">https://play.google.com/store/apps/details?id=nz.co.countrywide&amp;hl=en_NZ</a>

CountryWide CONNECT is the latest innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am – 1pm Monday-Friday from Christchurch, New Zealand.


The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah’s Country & Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).


Over two hours, Sarah & Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!

For more information & to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT is the latest innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am &ndash; 1pm Monday-Friday from Christchurch, New Zealand.
 The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah&rsquo;s Country &amp; Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).
 Over two hours, Sarah &amp; Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!
For more information &amp; to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT

CountryWide CONNECT is an innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am – 1pm Monday-Friday from Christchurch, New Zealand.


The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah’s Country & Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).


Over two hours, Sarah & Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!

For more information & to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT is an innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am &ndash; 1pm Monday-Friday from Christchurch, New Zealand.
 The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah&rsquo;s Country &amp; Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).
 Over two hours, Sarah &amp; Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!
For more information &amp; to subscribe to CountryWide, visit www.country-wide.co.nz