Wednesday, July 29, 2015
Since Sept 27, 1879
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THE INDEPENDENT VOICE OF MID CANTERBURY
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Ashburton rock band Couger Lounge is off to Auckland for Battle of the Bands 2015 National Championship.
Calls for Govt to help Kiwi farmers NADINE.P@THEGUARDIAN.CO.NZ
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Opposition parties are demanding the Government works with banks to stop them forcing those in the dairy industry with low levels of equity off the land. The calls from both Labour and New Zealand First follow on from a Guardian story last week where a source said a major bank has put a receiver on notice regarding lower equity farmers and would not accept two years of
losses from those highly leveraged. NZ First Primary Industries spokesperson Richard Prosser said farmers needed a fair go to try and fix financial problems in difficult times and believed its Receiverships (Agricultural Debt Mediation) Amendment Bill was urgently needed to keep Kiwi farmers on their farms. As of yesterday the Guardian had contacted all the main agricultural lending banks and had received definite confirmations from ANZ, Ra-
bobank, Westpac and Heartland Bank that they were not the ones involved in putting an Auckland receiver on notice of dairy industry clients that may be about to have their credit pulled. ASB bank failed to respond in time, while the Bank of New Zealand at first confirmed that there were no receivers on stand-by in Mid Canterbury.
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