Agriculture credit by loan type as at June ($m) - C26

Released
09 September 2016 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Yearly
2010 2011 2012 2013 2014 2015 2016
Total Lending
Horticulture and fruit growing 3,357 3,263 3,223 3,398 3,359 3,390 3,308
Grain, sheep and beef cattle farming 11,331 11,129 11,311 11,941 11,776 12,190 13,003
Dairy cattle farming 29,710 29,992 31,113 32,664 34,551 37,746 40,078
Poultry farming 201 226 251 264 279 333 412
Other livestock farming 922 911 1,033 1,108 1,136 1,190 1,315
Other crop growing 114 137 106 148 106 100 137
Total agriculture 'on farm' 45,635 45,658 47,037 49,522 51,207 54,949 58,252
Services to agriculture and hunting and trapping 1,007 975 1,174 1,299 1,487 1,654 1,769
Total agriculture 46,642 46,633 48,211 50,820 52,694 56,603 60,021
Fixed Rate (including floating rate loans swapped to fixed)
Horticulture and fruit growing 1,945 1,605 1,388 1,355 1,265 1,390 972
Grain, sheep and beef cattle farming 6,936 5,522 4,499 4,252 3,764 3,953 3,856
Dairy cattle farming 18,480 13,938 11,396 10,236 9,878 12,575 12,291
Poultry farming 146 140 128 120 122 149 137
Other livestock farming 596 491 488 419 432 499 506
Other crop growing 64 56 53 55 39 31 33
Total agriculture 'on farm' 28,167 21,752 17,953 16,437 15,500 18,597 17,794
Services to agriculture and hunting and trapping 500 435 595 569 575 689 702
Total agriculture 28,667 22,187 18,548 17,006 16,075 19,286 18,496
Floating Rate
Horticulture and fruit growing 1,412 1,658 1,835 2,043 2,094 2,000 2,336
Grain, sheep and beef cattle farming 4,395 5,607 6,812 7,689 8,012 8,238 9,146
Dairy cattle farming 11,230 16,055 19,717 22,428 24,673 25,171 27,787
Poultry farming 56 86 122 143 157 184 275
Other livestock farming 326 420 545 689 704 691 809
Other crop growing 50 81 53 93 67 69 104
Total agriculture 'on farm' 17,469 23,907 29,084 33,085 35,707 36,352 40,458
Services to agriculture and hunting and trapping 507 540 578 730 912 966 1,067
Total agriculture 17,975 24,446 29,662 33,815 36,620 37,317 41,525

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data are published in millions of New Zealand dollars on the value of agriculture and agribusiness credit by industry and loan type.

The data covers all registered banks.

A long-run agriculture series can be found in the ‘Credit by lender as at December' and ‘Long-run credit at December' tables.

Periodicity

Annual (as at 30 June)

Timeliness

Released in August or September.

.

Access by the public

Statistics release calendar

The Statistics Release Calendar is a long-term plan of scheduled releases. It is updated on the last working day of the month.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data is italicised. Data is deemed provisional when a series is under review. New data, or revised data, is in bold font. Revisions are generally published when a table is next due to be updated and released.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

This data was first compiled and published in the December 1986 issue of the Reserve Bank Bulletin.

Information about data sources and the evolution of agriculture credit statistics is available in the June 2002 Reserve Bank Bulletin.

Annual agriculture credit statistics data was first compiled and published in December 1986 issue of the Reserve Bank Bulletin. Information about data sources and the evolution of agriculture credit statistics is available in the June 2002 issue of the Bulletin.

All data from 2003 onwards is sourced from the RBNZ Annual Agriculture Survey.

Definitions: Annual Agriculture Statistics

Floating rate

Loans that are fixed for less than 90 days; revolving or overdraft are included in floating rate loans.

Fixed rate

Loans that are fixed for more than 90 days are included in the fixed term loans. Additionally, some banks offer short-term (floating) interest rate loans that have 'swaps' against them. These loans are fixed for a chosen term and price. These loans are included in the fixed term loans.

Agribusiness

The value of credit extended by registered banks to non-farm businesses associated with the production, processing, and distribution of agricultural outputs. The usual practice of registered banks is to consider credit to these businesses as 'agribusiness' credit, and the values reported have been obtained by the RBNZ after consultation with respondents. This definition excludes, for example, businesses that manufacture products or equipment for farm use.

Industry Breakdown

Industry codes are based on an ANZSIC 2006 basis, and show the value of credit extended by registered banks to different subsectors of the agriculture industry.

The Reserve Bank has been working with the registered banks since mid-2015 to develop a new registered bank balance sheet collection that will replace the Annual Agriculture Credit Survey. Data from the Annual Agriculture Credit Survey published in C26, C27, and C28 have been released for the last time as at 30 June 2016.

C26

Agriculture credit by registered banks – fixed and floating ($million)

C27

Agriculture credit by registered banks – detailed industry breakdown ($millions)

C28

Agribusiness by registered banks ($millions)

In 2017 we will publish more frequent statistics providing more timely insights into agriculture sector credit activity from the new registered bank balance sheet collection.

If you have any questions, please contact us at stats-info@rbnz.govt.nz.

 

9 September 2016

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.