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

Help Mid Canterbury Farmers

https://givealittle.co.nz/cause/manaakitanga-feed-and-seed-3

Thursday, June 17, 2021

Author: AllanBaird

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Categories: National, Mid Canterbury

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Givealittle page to help Flood Devasted Canterbury Farmers

https://givealittle.co.nz/cause/manaakitanga-feed-and-seed-3

Sunday, June 13, 2021

Author: AllanBaird

https://givealittle.co.nz/cause/manaakitanga-feed-and-seed-3

GiveaLittle Page to help flood-devastated Canterbury farmers and their animals Funds will go directly to providing feed and seed for pasture

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Categories: National, Mid Canterbury

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Flood Response Information

Tuesday, June 8, 2021

Author: AllanBaird
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Categories: Mid Canterbury

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STARTING THE CONVERSATION

The Top Six Inches - breaking the mental unwellness stigma by starting a conversation

Monday, March 1, 2021

Author: Marcia

Artist Paul Rangiwahia grew up in the rural town of Hawera and is no stranger to farming stressors. His previous art is displayed outside New Plymouth's Puke Ariki Library and was his first foray into how art could support positive conversations about mental wellbeing. Paul was aware of the pressure farmers faced, not only with new legislation but also with general on-farm stress. To combat the silence and stigma related to mental unwellness he created the artwork called "The Top Six Inches" using the analogy for not only where the majority of the plant roots sit in the soil but also the top six inches of the brain where resilience is developed by farmers who take care of their 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.