4 Sep 2015

Most farmers happy with their banks

6:41 am on 4 September 2015

A Federated Farmers survey of 1300 farmers across New Zealand has found a large majority are happy with the way banks communicate with them.

Federated Farmers president William Rolleston.

William Rolleston Photo: RNZ / Jemma Brackebush

According to the survey only 6.6 percent of dairy farmers said they had come under undue pressure from banks over their mortgage.

Across all farming industries the level of dissatisfaction over mortgages was even less at 5.2 percent.

Federated Farmers president William Rolleston said the survey was organised because it was vital the industry knew exactly what level of support it was receiving.

"We were very keen to know how banks and farmers were interacting. We've had a lot in the media and from some politicians that things weren't going well so we put this survey out and found that very high numbers of farmers are very satisfied with the banks."

He said in terms of satisfaction most farmers were hovering around 80 percent.

"But I was interested to see that dairy farmers had a higher level of satisfaction by a few percentage points than some of the other groups," he said.