NZ agriculture continues to reduce debt - Rabobank
6 Apr, 2021 05:00 PM
3 minutes to read
Farmers and food producers managed well through the Covid-19 pandemic over 2020. Photo / File
Robust trading conditions in New Zealand s agricultural sector have led to debt reduction across the entire market, Rabobank NZ chief executive Todd Charteris says. Last year we saw the lending market contract, so that is a sure sign that businesses have been quite profitable - and that s a positive, Charteris told the Herald.
He said farmers and food producers managed well through the Covid-19 pandemic over 2020.
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For some, that meant reducing debt but for others sometimes involved investing more.
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