News
Keep South Canterbury in perspective: NZIER chief economist
Tuesday 31st of August 2010
"Farm debt in New Zealand is $47 billion, on a total farming business of around $120 billion," he said. South Canterbury's liabilities, at $1.6 billion, were equivalent to just 3.4% of total farm lending, and just 1.3% of national farm assets.
By comparison, SCF's $1.6 billion in total liabilities - and a likely net Crown exposure of perhaps $700 million - was less of an economic shock t...
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