The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

Listen: Farm Debt Mediation Bill will 'guarantee a fair process' - Damien O'Connor

The Country
18 Jun, 2019 04:15 AM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Minister for Agriculture Damien O'Connor. Photo / Supplied

Minister for Agriculture Damien O'Connor. Photo / Supplied

The Farm Debt Mediation Bill will tackle the "unfair and unbalanced scenario" where banks "hold all the power" over farmers, says Damien O'Connor.

Cabinet has approved legislation which would require the creditors of farmers – such as banks or other loan-providing organisations – to provide mediation to farmers who have defaulted on debt, before any enforcement action is taken.

The Minister for Agriculture said the bill was in the system for years but had been "revamped" into a "really good piece of legislation" by the Government, after New Zealand First MP Mark Patterson brought it to their attention.

READ MORE
• New Zealand's farm debt is close to $63 billion – a new bill seeks to ease the financial burden

O'Connor told The Country's Jamie Mackay that he hoped the bill would bring a more measured approach to tackling farmer debt.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"I'm not saying [banks are] totally irresponsible, but from time to time the farmers feel totally exposed. What this bill does is just bring some balance back to that power and says there's a process of mediation that must be fair to both parties".

Mackay suggested that perhaps farmers were getting "special treatment" with the bill, as other businesses, in sectors such as tourism, can encounter similar hurdles.

Listen to the full interview below:

Advertisement
Advertise with NZME.

O'Connor admitted that there may be a need for mediation processes "in other areas where the banks intervene," but that farm debt was a complicated issue.

"Farm debt is quite complex. It does involve the family commitment, and it often leaves the farmer without any other kind of option".

"Farmers have often been cash positive, and they have been able to pay their bills, but the bank will arbitrarily intervene and say 'no sorry we're selling you up'".

With the new bill, O'Connor said a mediator would then be able to step in on the farmer's behalf.

Discover more

New Zealand|politics

New bill seeks to ease farmers' financial burden

17 Jun 07:20 PM
Opinion

Soper: Govt steps up to farmers' plate usually served up by Nats

17 Jun 06:00 PM

Farmers support new bill to limit power of banks

17 Jun 11:30 PM

The Country - Bon voyage edition

18 Jun 01:00 AM

"It doesn't guarantee what the outcome will be, but it does guarantee a fair process".

Save
    Share this article

Latest from The Country

The Country

New role to help overcome rural connectivity challenges

Premium
The Country

Fourth Hawke’s Bay farm in five months sold to overseas buyers for forestry

The Country

'Out of order': Victoria Uni academic apologises for 'hanging' comment


Sponsored

NZ’s convenience icon turns 35

Advertisement
Advertise with NZME.

Latest from The Country

New role to help overcome rural connectivity challenges
The Country

New role to help overcome rural connectivity challenges

Wilson brings a wealth of local knowledge and experience to the role.

04 Sep 09:00 PM
Premium
Premium
Fourth Hawke’s Bay farm in five months sold to overseas buyers for forestry
The Country

Fourth Hawke’s Bay farm in five months sold to overseas buyers for forestry

04 Sep 06:00 PM
'Out of order': Victoria Uni academic apologises for 'hanging' comment
The Country

'Out of order': Victoria Uni academic apologises for 'hanging' comment

04 Sep 03:18 AM


NZ’s convenience icon turns 35
Sponsored

NZ’s convenience icon turns 35

02 Sep 09:23 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP