For Release: 28 May 2015
Pasture and Performance Loan to lift red meat productivity
New Zealand’s largest rural lender today launched an extended lending package for red meat farmers wanting to boost farm productivity.
ANZ Bank’s Pasture and Performance Loan offers an interest rate of 5%* p.a. with a maximum loan of $100,000. The maximum loan term is five years, principal reducing, and there are no establishment fees.
The package builds on ANZ’s popular Pasture Productivity loan – launched in February 2014 – by including lending for livestock weighting and performance tracking, and capital investments in the genetic improvement of livestock.
“Along with renewing pasture and forage, improving animal genetics and livestock breeding management, can make a significant contribution farm productivity and profit,” said Graham Turley, ANZ Managing Director Commercial & Agri.