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27 Apr 2024 6:23
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      Home > News > Rural

    Federated Farmers says more dairy farmers are feeling financial pressure and some are feeling less satisfied with their bank

    Federated Farmers says more dairy farmers are feeling financial pressure and some are feeling less satisfied with their bank


    It's May 2018 Banking Survey shows perception of undue pressure increased from 8.1 per cent in November 2017, to 9.6 per cent last month.

    Share milkers' opinions of their bank dropped from 77 per cent to 68 per cent, with the change being caused by more participants having a neutral perception.

    Just over a thousand farmers took part in the survey... more than double taking part in the previous one in November.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     23 Apr: Sheep farmers are being urged to hang on
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     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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