Chris Allen: Banks incentivising farmers to meet environmental targets

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Manage episode 286276700 series 2098280
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Farmers could soon get cheaper bank loans if they meet environmental targets.
BNZ's running a pilot partnership with Southern Pastures, to give the dairy investor discounts if it hits water quality targets and reduces carbon emissions.
The three year $50 million loan is the first farm sustainably-linked loan to be done in New Zealand.
Federated Farmers national board member, Chris Allen, told Kate Hawkesby one size fits all doesn't work these days.
"If the bankers agree it's a good investment and the farmer does, too, we should get in behind it."
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