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Farm debt mediation is not just a box ticking exercise for the bank or lender when a farming business gets into financial trouble.
It’s an opportunity to discuss the issues with the farm owner and hear their side of the story.
It brings a human element to a process that can be stressful for the farmer, Tavendale + Partners lawyer Matt Davidson told a rural dispute resolution day at Ruakura in Hamilton.
It is sometimes the first time sitting face to face with the person making the decisions in the bank.
“They have the chance to explain, this is my family, this is what this means to me – and that can be really powerful in that process.”
For farmers, it is an all-encompassing moment…
