Farmers' union Federated Farmers reports declining farmer confidence in rural banking, with satisfaction dropping to a six-year low.
New Zealand farmers' union, Federated Farmers, reveals declining farmer confidence in rural banking. The latest survey shows satisfaction with banks dropped to its lowest level since 2015, with 51% of farmers satisfied compared to 80% six years ago. One in four farmers report experiencing undue pressure from their banks, prompting Federated Farmers to call for an independent inquiry into rural banking issues.
May 22, 2024
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