Banks’ estimates of their dairy farmer customers are too optimistic: economist
Dairy farmers' sustainable break-even levels are higher than their bankers have estimated, says an agricultural economist. With special audio feature.
Jenny Ruth Fri, 18 Mar 2016
Banks’ estimates of their dairy farming customers’ break-even levels are unrealistically low and unsustainable over the longer term, says AgFirst consulting economist Phil Journeaux.
The results of the Reserve Bank-ordered stress testing by five banks of their lending to dairy farmers showed they
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