Originally Posted by
Raz
Its not just Dairy... it is the actual effect on the wider rural loan base which concerns me, I see wider rural financial distress showing now up everywhere, nine months after this started, for instance a larger commercial pump service and installer discussing dairy and wider farm accounts that have been dragging on for 9 months now. His bank is now demanding more reporting. Beef is also not great and many other farms have part dairy exposure as well, directly and indirectly. I initially picked on HB as it has a broad wider rural base and in my opinion the service sector to the farmers are where the real scale of the problem does lie.