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Farm package targets sustainability, growth
Farm package targets sustainability, growth
New
Zealand’s largest rural lender today launched a lending
package for farmers wanting to invest in improving the
environmental sustainability and productivity of their
farms.
ANZ Bank’s Farm Development Package includes a low-interest loan of 4% p.a. for fulfilling compliance on effluent management, water quality management and water and energy conservation.
“Fast-growing markets in Asia are producing enormous opportunities for New Zealand farmers. But increasing agriculture production is creating complex challenges on how to manage environmental stresses – in particular the impact of dairy farming on water quality,” said Graham Turley, ANZ Managing Director Commercial & Agri.
“If our farming sector is to realise the opportunities available, it must mitigate the effects of growth on the environment. An increasing number of dairy farmers are adopting new technologies to increase production and reduce their environmental footprint.
“This package makes it easier for farmers to comply with environmental regulation, and achieve sustainable production.”
The package also contains a loan for farmers considering developments that will improve their productivity such as farm conversion, feed systems, milking technology, stock housing and irrigation.
The third part of the package is a UDC Equipment Lending Facility that uses existing farm assets as security to fund farm development initiatives.
ends
ANZ Bank New Zealand Limited
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
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