Westpac Weekly Economic Insights

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Over the Fence
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We’re already well into 2010 and the year is moving at a rapid pace! In our first issue for the year we felt we’d start by talking about pro-active overdraft management.
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You’re in the business of agribusiness, so you already know how important pro-activity is in order to be successful. And things are no different when it comes to managing your overdraft. There are certain pro-active approaches you can take to help you save on interest.
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Business Online Banking is a comprehensive financial management tool.
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As you probably already know, Westpac is a proud sponsor of the New Zealand Dairy Industry Awards (NZDIA). And the 2010 competition is now well underway. Westpac Agribusiness team members have been part of the judging process throughout New Zealand during January and February.
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DairyNZ is contracted to carry out research on the Westpac Taranaki Agricultural Research Station (WTARS) farm by the TARS Trust. There are a number of interesting projects currently being carried out with the milking herd and WTARS facilities, so we thought we’d share a brief update with you.
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As anyone who has set up their own farming business will be well aware, the ‘life’ of an agribusiness doesn’t follow a straight line from start-up to success. Agribusinesses, just like the market in general, go through a lifecycle from start-up, through to growth, maturity and transition.
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On 7 December 2009, the New Zealand Government passed the Climate Change Response (Moderated Emissions Trading) Amendment Bill, bringing the NZETS and its precepts into law. This article provides a quick general guide to what the implications are for businesses, the products we’ll be offering, and a summary of some of the key facts and dates around the establishment of a carbon market
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Traditionally, many borrowers have had a ‘set and forget’ strategy when it came to structuring their borrowings. Decisions tend to get made on the basis of the cheapest rate available at the time, irrespective of period, and with little consideration to the most appropriate tool – whether it’s a fixed rate term loan, floating rate term loan or an Interest Rate Swap.
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An update from the Westpac Taranaki Agricultural Research Station
Kevin Macdonald – Senior Scientist – Dairy NZTo enhance the future of the dairy industry, DairyNZ is contracted to carry out research on the Westpac Taranaki Agricultural Research Station (WTARS) farm. It’s a very beneficial enterprise, because for every new discovery, comes more effective and profitable ways for farmers to work.




