04-08-2014 09:00 AM | New Zealand

ASB sees 'buffer' in agriculture sector

Strong growth in bank deposits from the agriculture sector over the past year suggests there's a buffer in place to assist with falling dairy farm incomes, ASB senior economist Chris Tennent-Brown says.

Tennent-Brown notes bank deposits from the agriculture sector rose nearly 20%, or almost $1.5 billion, in the year to June to just under $7.4 billion.
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