The Reserve Bank's reviewing its capital adequacy ratios - which are said to be costing farmers a fortune
The Reserve Bank's reviewing its capital adequacy ratios - which are said to be costing farmers a fortune
1 April 2025
Concerns have been raised since 2019 when the rules were tightened - that they've driven up the cost of lending and reduced economic growth.
Federated Farmers' Richard McIntyre says they're among the strictest in the world - and estimates they've sucked about 600-million dollars out of the agriculture sector every year.
He wants to see the return of pre-2019 requirements - which were more aligned with the rest of the world.
McIntyre says that would see a whole lot of money in the agriculture sector benefiting rural communities and the wider economy.
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