22-08-2014 02:33 AM | New Zealand

Northland farmers facing ruin

At least 30 farmers in mid-Northland are facing financial ruin in the wake of this year's extreme weather events and falling income, while farmers groups warn banks may be forced to write off millions in bad loans.

"A perfect storm" is how many in the sector are describing the situation in Northland, where droughts last year have been followed devastating floods in July, flash-flooding this week and a drop in the dairy payout.
Full Story : Radio New Zealand