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.

Read more 

END

 

News & Alerts

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Opinion: Keeping safe in rural COVID-19 lockdown

Friday, June 26, 2020

Author: WendyHurst
 
Working in a farming 'bubble' means extra vigilance against crime, said Miles Anderson
Working in a farming 'bubble' means extra vigilance against crime, said Miles Anderson Photo credit: Supplied

By Miles Anderson.

OPINION: Rural New Zealand can be a pretty quiet place at the best of times and for the next four weeks it will be even more so. Every community relies on its people to help each other and rural ones more than most. As a rule, we usually know what our neighbours are up to, the regular vehicles on our roads and help to keep an eye on things as we are going about our day-to-day business.  

The Covid-19 lock-down could change all of that. We will mostly be working alone to maintain our 'bubble'. No school runs or trips to town for sport, instead just once a fortnight trip for groceries and only the odd stock truck or tanker coming down the road. Many remote properties have set themselves up so they won't go out at all for the lock-down.  

Farming businesses are reduced to essential tasks and many are running a skeleton crew and reduced work programme. The usual farm visitors who help to keep an eye out are also absent - no one doing firewood, no roar hunters or duck shooters setting up for the season. This means even fewer people out and about than normal and some real opportunities for mischief. With longer nights and no one around, conditions are prime for those unique rural crimes - stock rustling, vehicle and fuel theft and poaching. 

 

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Categories: South Canterbury

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Feed planning service

NZ-wide: for drought-affected farmers, and those affected by floods eariier.

Thursday, April 2, 2020

Author: Terri Anderson

Feed planning service flyer

MPI and partner agencies DairyNZ, Beef + Lamb NZ, AgFirst and Federated Farmers are providing remote feed planning support to farmers.

How it works

This service is based on level of need and operates on three levels:

1. In the first instance, we’ll work out how much feed you need. A call to an industry or levy body will get you a free stock take assessment of your feed planning needs.

2. In the second instance, where it’s required, we can offer more advice and practical support. An advisor will help you understand what needs to be done and how you can go about it.

3. Finally, we can also refer you to someone who can offer more in-depth support. We can refer you to a farm systems consultant, who can provide help over the phone or visit if it is a serious animal welfare issue. Please note this level 3 support is not free.

Please call one of these toll-free numbers:

Dry stock sector – Beef + Lamb 0800 BEEFLAMB (0800 233 352)
Dairy sector – DairyNZ 0800 4 DAIRYNZ (0800 4 324 7969)
AgFirst 0508 AGFIRST (0508 243 477)

 

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Rural Support Trusts - how we can help in the M. bovis programme

We are more than just an ear to listen

Thursday, November 14, 2019

Author: Terri Anderson

Your regional Rural Support Trust (RST) is on-hand to support farmers being affected by M. bovis.

Our services are free and confidential.

As well as someone to talk to about your concerns, we can help you navigate through the process. We have training in and experience with the M. bovis programme, and know how it works.

Whatever your experience looks like, we can help in many ways including:

  • Trained facilitators who know how the programme works, and the process involved to help you navigate though.
  • Listening to your concerns and issues.
  • Confidentiality.
  • Phone calls, texts, emails – at a time that suits you.
  • Visiting and attending meetings with you.
  • One on one support and wrap around support – for you, your family, and your farming team.
  • Connecting – if we don’t know the answer we will help connect you to people who do.
  • Peer support – connecting with other farmers that have been through the process.
  • Helping you and your family access counselling services.

Depending on the individual farming operation it can be a lengthy process, involving a number of M. bovis Programme teams and RSTs offer support throughout the process and the ability to help shift things along if they get stuck.

We are rural people, helping rural people – we are farming people who understand the challenges of rural life.

Just call 0800 787 254 (0800 RURAL HELP). There are Rural Support Trust branches all over the country. Ringing 0800 787 254 will connect you to help in your area.

Supporting Our Rural Community

0800 RURAL HELP

www.rural-support.org.nz

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Tips from farmers for winter storms

June 2019

Monday, June 17, 2019

Author: Terri Anderson

Before snow hits

  • Keep an eye on climate predictions and talk to your neighbours.
  • Plan how you will deal with no power (no electric fences, pumps, milking, refrigeration, hot water, cook or heating). If necessary, source a generator.
  • Stockpile what you might need for home and farm to minimise travel:
    • Surplus feed
    • Generators
    • Food and alternative means of cooking and heating for your home
    • Emergency kit.
  • Have a battery-powered radio.
  • Have a smartphone, and know how to use it and how to charge it up in the car
  • If you need to travel any distance, make sure you are well-equipped for the cold and let someone know where you are and when to expect you back.
  • Have a flexible feed plan underway for stock.
  • If you know it’s coming, move stock to sheltered paddocks, especially young stock, to reduce exposure.
  • Make sure stock can access food and water, and you can access them.

 

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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.