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03-09-2012 08:42 AM
| New Zealand
Farmers look at reducing debt
The lowest interest rates in memory are tempting farmers to look at fixed rates in their drive to reduce $48 billion of debt in the farming community.
Floating rates are hovering around 5 per cent and farmers are weighing up if the floating rate has more room to drop or if they should call up the bank to put some of their farm loans on a fixed rate.
Floating rates are hovering around 5 per cent and farmers are weighing up if the floating rate has more room to drop or if they should call up the bank to put some of their farm loans on a fixed rate.
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