by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
TAS Country : June 21st 2012
8 Tasmanian Country Friday, June 22, 2012 News Farmers welcome loan rate relief Agri Term Loans Company Product Change from April to May 2012* Change from May to June 2012* ANZ Agribusiness Bus Loan Var (Bus Asset) 0.06% decrease 0.06% decrease BankSA Agribusiness Agri Bus Loan Variable No change No change BankWest Agribusiness Business Low Rate Loan (All Sec) No change 0.25% decrease Bendigo Bank Term Loan No change 0.20% decrease Commonwealth Bank Agri Agribusiness Variable Loan No change No change nab Agribusiness Bus Opts Instal Var Std No change No change Suncorp Agri Business Essentials No change 0.35% decrease Agri Overdrafts Company Product Change from April to May 2012* Change from May to June 2012* ANZ Agribusiness Revolving Agri Line 0.06% increase 0.37% decrease BankSA Agribusiness Agri Business Maximiser No change No change BankWest Agribusiness AgriOne Overdraft No change 0.25% decrease Bendigo Bank Seasonal Overdraft No change 0.20% decrease Commonwealth Bank Agri Agribusiness Overdraft No change No change nab Agribusiness Farmers Choice OD No change No change Suncorp Agri Business O/D No change 0.35% decrease Westpac Agribusiness Agribusiness Overdraft No change 0.50% decrease Five banks on board FIVE financial lenders have finally given farmers some good news this week by lowering loan rates. The latest National Farmers Feder- ation Agribusiness Loan Monitor shows that four banks, ANZ, Bank West, Bendigo Bank and Suncorp, have reduced both their term loan and overdraft rates by between 0.06 per cent and 0.37 per cent this month. One bank, Westpac, has reduced its overdraft rate by 0.50 per cent. Chairman of the NFF economics committee, John McKillop, yesterday welcomed the reductions and has called on the other lenders to follow suit. ''After a very slow response from the banks to last month's RBA interest rate announcement, with the Monitor showing only one bank had made any movement in their agricultural loans at all, it is pleasing to see five banks passing on some of the latest rate cuts to farmers,'' Mr McKillop said. ''Of course, there is room for the banks to do much more, as none of the re- ductions equals the 75 basis points cut by the RBA over the past two months. ''But, compared to last month, the June Monitor shows a marked im- provement in rate cuts and it's very pleasing to see farmers and agricul- tural borrowers finally starting to see some of the benefits,'' Mr McKillop said. The rate cuts come as agricultural commodity prices and the Australian dollar continue to fluctuate. ''Financially, it's a very uncertain time for farmers at the moment. ''At the beginning of June, we heard that global agricultural commodities had fallen to a three-year low, due in part to the continued instability of global financial markets,'' he said. ''At the same time, while farmers have been benefiting from the soften- ing of the Australian dollar over the past month, renewed confidence follow- ing this month's surprise economic growth data and the news that Greece is likely to stay within the eurozone has pushed the dollar back up above parity -- not good news for our export-reliant sector. ''With low commodity prices and a high Australian dollar squeezing the farm bottom line, farmers are looking to the banks for some positive financial news in the form of interest rate cuts.'' Health. Performance. Growth. www.pfizeranimalhealth.com.au Pfizer Australia Pty Ltd 38--42 Wharf Road, West Ryde NSW 2114 *Registered trademarks. Registered trademark of Pfizer. PAL0541/TC References: 1. Based on worm egg counts and larval differentiation conducted 2001-2011. Pfizer data of file. 2. Kloosterman A, GAA Albers, R Van den brink. Negative interactions between Ostertagia oster tagi and Cooperia oncophora in calves. Vet Parasitol 1984; 15: 135--150. Superior performance against the parasites that count. From over 43,000 dung tests conducted across Australia, we know the worms in your area are Ostertagia spp, Trichostrongylus spp and Cooperia spp1. In fact, they make up to 97%1 of the worm infestation in Tasmania. Individually these worms harm your cattle s performance. However, when they join forces they can seriously damage your operation which can result in reduced weight gain and ill-thrift.2 Are you using the right drench? For superior performance against the parasites that count, use Dectomax Pour-on. For more information call your Professional Sales Representative on 1800 814 883 or visit www.dectomax.com.au Dectomax kills the worms that count in Tasmania MAIN WORMS IN YOUR AREA DECTOMAX POUR-ON CYDECTIN* POUR-ON EPRINEX* POUR-ON Cooperia spp. (Small intestinal worm) 35 days NO CLAIM 28 days Cooperia oncophora (Small intestinal worm) 21 days NO CLAIM 28 days Ostertagia ostertagi (Small brown stomach worm) 35 days 42 days 28 days Trichostrongylus spp. (Stomach hair worm) 35 days 28 days 21 days days of persistent activity
June 14th 2012
June 28th 2012