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

Cotter passionate about supporting farmers in need

https://www.odt.co.nz/rural-life/focus-on-farming/cotter-passionate-about-supporting-farmers-need

Friday, June 26, 2020

Author: Terri Anderson

Passionate about the rural sector and people’s welfare, Southland Rural Support Trust chairwoman Cathie Cotter says the best aspect of her role is being there for farmers.

 

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Categories: National, Southland

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Feed coordination service

https://www.odt.co.nz/rural-life/rural-people/finding-feed-farmers-need

Wednesday, June 17, 2020

Author: Terri Anderson

Sharon Cousins, of Balclutha, is one of four temporary feed co-ordinators appointed by the Ministry for Primary Industries.  Ms Cousins covers the Otago and Southland area while Tammy Johnson, who is based at DairyNZ, Lincoln, is the South Island feed co-ordinator. Two others are based in the North Island. The feed service is an initiative set up by the Feed Working Group, an MPI and industry collaboration to manage the impacts of drought and Covid-19.  However, the continuation of the service is subject to a decision by MPI early next month,  after it evaluates whether it is still needed.

 

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Categories: National, Otago, Southland

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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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COVID-19 - SRST Operations Amendment

SRST Service modified for the protection and wellbeing of SRST Members and Clients

Monday, March 23, 2020

Author: LindsayWright

Continuing Support for Our Rural Communities

Health and safety is paramount for the Southland Rural Support Trust. We are therefore monitoring the COVID-19 situation closely and will make appropriate changes to our work practices in line with the Ministry of Health’s recommendations.

 

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Categories: Southland

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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.