Photo: Matt Holden
A long-awaited support package for weather-affected farmers and growers has defeated hopes of cash-in-hand payouts.
The Government yesterday announced it would help banks provide loans to businesses hit by Cyclone Gabrielle by carrying 80% of the credit risk.
And if banks don't approve loans, the Government will lend business owners cash itself - deferring interest for ten years.
Hawke's Bay Federated Farmers president Jim Galloway spoke to Corin Dann this morning.
