14-02-2014 00:49 AM | New Zealand

High interest forces farmers off land

Farm lobby group says those 'set up to fail' may take class action against major banks.

Aggressive lending practices by the major banks have forced 30 Northland farmers off their land in the past 18 months through mortgagee sales, according to a Dargaville-based lobby group.

Farmers of New Zealand, an alternative to Federated Farmers, said a meeting planned for March would raise the possibility of aggrieved farmers taking a class action against the banks.
Full Story : New Zealand Herald