About the Event
The farming sector is New Zealand’s largest merchandise export producer. It is an essential part of New Zealand’s economy, society, culture and environment. The total agricultural debt reached $62.8 billion in September 2018.
In particular, the dairy farming sector is highly indebted, and the Reserve Bank noted in its 2018 Financial Stability Report that the sector is vulnerable to a future down-turn in dairy prices.
Recent biosecurity incursions such as Mycoplasma bovis in cattle have had a significant impact on some farm businesses. Uncertainty in the sector has also increased due to the impact of tighter environmental regulations, climate change and restrictions on foreign investment.
This uncertainty has led to subdued farm sales activity and prices in some sectors. In Parliament’s view, establishing a compulsory Farm Debt Mediation scheme will support rural communities to build resilience to the risks and challenges the sector is facing.
- Become apprised of the Farm Debt Mediation legislation.
- Gain insights into the policy reasons for the proposed statutory mediation scheme.
- Benefit from understanding the key objectives of the proposed legislation.
- Get to grips with the proposed mediation process.
- Learn about the type of securities that are captured by the intended scheme.
Who should view?
General practitioners, commercial lawyers at intermediate and senior level, bankers and financial advisers involved in the agribusiness sector.
Feedback from previous attendees:
- Mihai Pascariu's delivery was excellent - good pace, clear language and nice simple examples.
- Excellent power point slides.
- Covered the topic and legislation succinctly.
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