Farmers in drought conditions encouraged to talk with their banks

South Island farmers facing continued drought conditions are encouraged to talk with their bank said the New Zealand Bankers’ Association (NZBA).

“Banks recognise how important the agri-sector is to our economy. We encourage any farmers facing hardship due to ongoing dry conditions to contact their bank to discuss options for assistance and how they can work together through these challenging circumstances,” said New Zealand Bankers’ Association chief executive Kirk Hope.

The NZBA has produced an information sheet on how banks can support and advise farmers facing financial challenges

“Banks work in partnership with farmers to support their businesses. Rural bank managers work closely with their farming clients to understand individual situations and needs. Farmers who find themselves in financial difficulty as a result of the drought should speak with their bank as early as possible,” Hope added.

In addition to talking with their banks, farmers can also seek advice about managing through drought conditions from Rural Support Trusts, DairyNZ and Beef + Lamb New Zealand.