Feeling the pinch?

Finance plays an essential role in every business, including farming, growing or agri-business. Related to this are matters such as debt management, tax management and business structures.

Usually you can see a way ahead and you are working with your accountant and bank.

But sometimes you feel financially stuck. You may want to discuss this with someone and we’re here to help.

Also, following is information about some assistance we may be able to help you tap into.

New fund to get advice for struggling farmers is now open

Joint statement by the National Council of Rural Support Trusts and New Zealand Bankers’ Association, 25 February 2020

A new initiative funded by banks and the government offering support for farmers struggling with farm debt is now up and running. 

The government has allocated $200,000 for the Farm Business Advice Support Fund, to be managed by Rural Support Trusts.

For a qualifying farmer the Fund will provide up to $6,000 to pay for financial or business advice from an independent consultant.

The National Council of Rural Support Trusts and New Zealand Bankers’ Association have recently signed the agreement for the Fund. Under the agreement, the RSTs will provide up to $3000, depending on an assessment of need, and the relevant bank will match that dollar for dollar.

RST National Council chair Neil Bateup says the fund is for a farmer who is feeling pressure. “This might be because there’s been some change or their bank has indicated they need to discuss their debt situation. The hope is that there may still be options available so that the wishes of all parties can form a solution for going forward.”

“There’s a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “This will inform conversations between the farmer and their bank.”

Rural Support Trusts will take an application from, or on behalf of, a farmer who might qualify for assistance.

The consultant will provide a report, which will be given to the farmer and their bank.

This initiative involves ASB, ANZ, BNZ, Heartland Bank, Rabobank, SBS Bank, TSB and Westpac. 

Farm Debt Mediation Scheme and Hardship Fund – from 1 July 2020

The Farm Debt Mediation Act was passed into law on 13 December 2019, and the Scheme – with an associated hardship fund will become operational on 1 July 2020.

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END

 

News & Alerts

Wishbone Pet Food partners with Rural Support Trust to help New Zealand farmers The family-run company is giving $5 for every bag sold of Wishbone Gold, their newest pet food specially made for work

Saturday, January 2, 2021

Author: WandaLeadbeater

Wishbone Gold is the first New Zealand-made pet food using New Zealand ingredients for the country’s working dogs. Deemed as the heart of New Zealand farms, working dogs make a huge contribution to a farmer's success. They work in all weathers, running 60 up to 100 kilometers a day, often at the speed of 20 to 30 kilometers per hour, to guard and herd sheep and cattle.  

To keep their hearts healthy, Wishbone Gold is formulated with Taurine, an amino acid that aids in heart function. Each 20 kg bag is made with 100% free-range New Zealand Beef and Lamb for strong muscles and enriched with Glucosamine for joint health. Working dogs will also benefit from the power of Wishbone Gold’s 8 superfoods: Mango, Papaya, Blueberries, Cranberries, Flaxseed, Rosemary, Basil, and Peppermint. Each superfood helps boost the immune system, maintain a healthy digestive system, and power working dogs throughout the day. 

Bateup is thankful for Wishbone Gold’s support. “Rural Support is a not-for-profit organisation so we are incredibly grateful for the support of Wishbone Gold.  It is a great partnership - just like a farmer with his dog/s. Funds raised from the sale of bags can be utilised across Rural NZ to help make a difference.”

To order your sample go to www.wishbonegold.co.nz

 

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Categories: National

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Surfing for Farmers - Southland

Give it a go - Thursday nights on the South Coast

Tuesday, December 15, 2020

Author: KatrinaThomas

The popular Surfing for Farmers programme has started in Southland and will be held at either Colac Bay, Riverton Rocks or Monkey Island at 6pm on Thursday nights.

It’s all about getting off farm and learning something new while having some fun! Grab a car load and come down.
🌊 Surfing For Farmers (S4F) is free!
🌊 Lessons, boards, wet suits and H&S provided by local surf school
🌊 Location depends on the where the waves are (Colac Bay, Riverton Rocks or Monkey Island)
🌊 If there’s no waves we will still be at the beach with snorkels and paddle boards

Go to our Facebook Page for more details and the destination on the day - https://www.facebook.com/SouthlandRST

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Categories: National, Southland

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BOP Rural Connect - Issue #14

Friday, December 11, 2020

Author: JodieCraig
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Categories: National, Bay of Plenty

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Step up For Farming

Search Step up For Farming on Facebook or email events@ruralsupport.org.nz for updates

Tuesday, October 13, 2020

Author: WandaLeadbeater

Connect, be active, try something new, take notice and give are all great ways to support your wellbeing.   Step Up for Farming is about getting out and about and taking steps towards your wellbeing. 

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Donations

We are a voluntary Charitable Trust and would welcome your donation to help us continue supporting our Rural Families.

You can make a donation to Waikato-Hauraki-Coromandel Rural Support Trust in the following way:

Bank Transfer:
ANZ Bank 06-0317-0805560-01, ref: Donation

Please email us for a receipt.