Rural Law Series: The Farm Debt Mediation Scheme – A Circuit-breaker for a $63b Risk? (Webinar)

Webinar 1 CPD Hr
Mon 17 February | 12:00PM - 1:00PM | Your desk or portable device

Synopsis

The farming sector is New Zealand’s largest merchandise export producer. It is an essential part of New Zealand’s economy, society, culture and environment. The total agricultural debt reached $62.8 billion in September 2018. In particular, the dairy farming sector is highly indebted, and the Reserve Bank noted in its 2018 Financial Stability Report that the sector is vulnerable to a future down-turn in dairy prices.

Recent biosecurity incursions such as Mycoplasma bovis in cattle have had a significant impact on some farm businesses. Uncertainty in the sector has also increased due to the impact of tighter environmental regulations, climate change and restrictions on foreign investment.

This uncertainty has led to subdued farm sales activity and prices in some sectors. In Parliament’s view, establishing a compulsory Farm Debt Mediation scheme will support rural communities to build resilience to the risks and challenges the sector is facing.

Learning outcomes

  • Become apprised of the Farm Debt Mediation legislation.
  • Gain insights into the policy reasons for the statutory mediation scheme.
  • Benefit from understanding the key objectives of the legislation.
  • Get to grips with the legislative mediation process.
  • Learn about the type of securities that are captured by the scheme.

Who should attend?

General practitioners, commercial lawyers at intermediate and senior level, bankers and financial advisers involved in the agribusiness sector.

 

Presenters

Mihai Pascariu
Special Counsel
Anderson Creagh Lai 

Holly Lawson
Solicitor
Anderson Creagh Lai