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Farmer in support of new bill say they have been bullied up until now

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2019, 10:45AM
A new Government plan hopes to ease the burden on farmers. (Photo / NZ Herald)

Farmer in support of new bill say they have been bullied up until now

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2019, 10:45AM

A much needed helping hand could be on the way to struggling farmers.

With farm debt reading a record high of $63 billion, the Government's pitching a new mechanism.

It's announced a Farm Debt Mediation Bill, where banks would have to offer farmers mediation, before putting a farm into liquidation or redundancy.

Long time campaigner for the scheme Gray Eatwell told Kate Hawkesby it's a win-win for banks and farmers.

"If there is a mediation process that's effective and enforceable, then when problems start to arise very early there are often steps to be taken to prevent insolvency and/or manage it."

He says, up until now, they've been outright bullied.

"To be brutally honest, nothing we've seen in these cases would be any different to the worst cases we've seen exposed in the Australian Royal Commission. The practices here are just as bad but they are hidden under the carpet and most people don't realise it is happening."

 

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