Heartland Bank warns dairy farm values could fall 40 per cent from peak

  • Heartland Bank, the Auckland-based lender, has told investors it is monitoring the dairy sector “with close attention” at a presentation and has warned farm values could fall 40 per cent from peak to trough if the downturn continues or worsens beyond current expectations.

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Heartland’s average loan to value ratio for its dairy loans is 59 per cent. Photo / Getty Images

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