Session 3 Workshops: Wednesday morning
Choose one of the following workshops as a double session 3.1 or 3.2 or 3.3 OR attend two single session workshops 3.4 and 3.5 Double Session Workshop
Changes in the Capital Markets – what you need to know, and adapting to change Chris McDonald, Manager Financial System Analysis Reserve Bank of New Zealand; David Seath, Brown Glassford & Co, Kelvin Hore, ASB Get an update from Reserve Bank on: • new bank regulatory capital requirements – what is changing and why, and when do the changes become effective, and commentary from the Reserve Bank regarding the risk of dairy sector debt • background to the monetary policy measures introduced as a result of COVID – Large Scale Asset Purchase programme (LSAP or quantitative easing), and the Funding for Lending Programme (FLP) • The workshop will also provide an update from the banking sector on how it will meet the regulatory capital requirements, how they will use the LSAP and FLP, and how that will impact on the availability and terms of debt capital to the farming and dairy sectors. The session will cover what information dairy farmers should be preparing and sharing with those that provide them capital so that capital is achieved on the best possible terms. What will you take away from this session? • Better understanding of Reserve Bank policy, and the reasoning behind current bank regularity requirements and monetary policy • Information about how regulatory and monetary policy changes may affect the types and terms of banking products and services offered to dairy farmers • Information on what banks may want to see and how to prepare this information. This can inform what questions you ask your financial advisors and banker. Who should attend? Farm owners or sharemilkers or those considering getting into farm ownership or sharemilking. Anyone who wants to know more about how financial and monetary markets operate. High performance, lower footprint farming Hear from farmers who are operating efficient, high performing farm businesses, and the steps they are taking to lower their farming footprint and remain profitable. Virginia Serra, Co-Development Lead DairyNZ: Meeting a Sustainable Future: Hinds and Selwyn, with a panel of Canterbury farmers involved in the project What are the key objectives of the workshop? • To consider the key drivers of current losses from dairy farm systems, primarily through N surplus and drainage. • To understand, with real life farmer examples, some of the initial practical steps you can make to influence a reduction in these losses, through efficient management and application of technology and science. • Real-life examples of the effect these applications have on current and future operating profits. What will you take away from this session? • Know how to access support to work out where in your farm business unnecessary losses are occurring due to N surplus or additional drainage events. • Understand from farmer examples what some of the steps are that you can apply to your farm business to begin to operate a lower footprint farm. • An appreciation that many of the efficiency gains you can get on farm through strategic use of inputs could actually be better for your bottom line, depending on management decisions to date. Who should attend? Owners, sharemilkers, contract milkers, LOSM and farm managers, decision makers who can drive implementation on farm.
SIDE2021 - EVOLVE
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