Meaner Pastures

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Wed, 05 May 2010 12:31p.m.

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Many of our farmers are weighed down with debt and the banks are losing patience.
Many of our farmers are weighed down with debt and the banks are losing patience.

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27 May 2010 10:00p.m.

Ross wrote:

If the farms in New Zealand are sold to overseas interests, there will be no way Kiwi farmers (or Kiwi business`s) will ever be able to match foreign dollars to buy back the farms for Kiwi ownership. That goes for any foreign ownership of New Zealand land!!

24 May 2010 08:12p.m.

Sue Hamill wrote:

Well put Warren, a great idea. It's all the more galling when one realises that the bank created that loan money out of thin air at no cost to itself through fractional reserve lending. That's how it works - banks creating nearly all of our money supply. What a pity Mr McKenzie didn't mention this. Warren has hit on somehting novel - where is the creative side of the federated farmers or Fonterra shareholders?

06 May 2010 08:57p.m.

Simon and Kim Donelley wrote:

If you never missed a payment and the banks thought the proposition was viable at the start, what problem should the bank have? Chin up, hopefully the bank sees sense.

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