Booming NZ ag feels debt pinch as banks tighten reins and govt reg costs grow

Andrew Marshall
Updated December 17 2018 - 6:33pm, first published 6:30am
HIGH LIFE: Decades of debt fuelled farm price increases are worrying the Reserve Bank of New Zealand and the Australian banking industry, which has largely funded ag's big rural debt across the Tasman.
HIGH LIFE: Decades of debt fuelled farm price increases are worrying the Reserve Bank of New Zealand and the Australian banking industry, which has largely funded ag's big rural debt across the Tasman.

While Australia’s hefty $73 billion-plus farm debt stubbornly shows no sign of plateauing after a 15-year blow out, agriculture’s weighty loan book actually looks relatively controlled against New Zealand’s uneasy rural debt story.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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