Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


ASB launches NZ's first Rural Environmental Compliance Loan

Media Release
Monday 25 February 2013

ASB launches New Zealand’s first Rural Environmental Compliance Loan

ASB has launched New Zealand’s first Rural Environmental Compliance Loan, which provides a low cost funding option to assist farmers to get the balance right between productivity and environmental sustainability.

The new product is targeted at farmers looking to invest on-farm to upgrade their environmental compliance systems. It is competitively priced at ASB’s cost of funding with no additional customer margin applied.

ASB recognises the farming sector is the driving force of the New Zealand economy and that it is important that New Zealand’s farmers get the balance right between productivity and environmental sustainability, and organisations like ASB help them to achieve this.

“We have developed the Rural Environmental Compliance Loan in response to feedback from our rural customers,” says Mark Heer, ASB General Manger Rural.

“Farmers consistently tell us that they are doing their best to ensure that their farms are operating to the highest environmental standards. However, the reality is that there can be considerable costs associated with upgrading systems, including the fencing of waterways, which are all part of operating an environmentally-responsible farm.”

“At the same time, local government regulations have been tightening around the management of effluent, nitrate leaching and water usage on farms so farmers must ensure they are compliant or risk fines. Farmers are facing all these pressures while at the same time trying to focus on the productivity and profitability of their business.”

“In offering this new loan, ASB wants to be part of the solution by providing farmers with a low cost funding option to get their farm to where it needs to be to remain compliant and profitable. This will make sure that New Zealand farmers maintain their global advantage and maximise opportunities,” concludes Mr Heer.

Loans are available to New Zealand farmers for environmental compliance purposes up to a maximum of $200,000 and over a maximum five-year term.

For more information visit asb.co.nz/comply

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news