newzealandinc.com Informed. Influential. Indispensable.
ANZ Bank announced an assistance package to help drought-affected farmers get through the Big Dry.
Parts of Northland have had their driest February since records began. This week the Government declared a state of drought in Northland, and Federated Farmers expects other regions to follow soon.
“As with any serious weather event that impacts on dairy and meat production, the effects of the drought won’t just be felt locally, but right through the economy,” said Graham Turley, ANZ Bank’s Managing Director Commercial & Agri. “At the farm gate, the priority is to ensure that individual farms and the entire rural support network survives the impacts, and production is restored when the drought ends.
“As New Zealand’s largest rural lender, we’ve been alongside our farm customers during good weather and bad for over a century.
“We are offering farmers a package of options to help meet their short-term cash requirements and re-establish their farms to full performance when conditions improve.”