Farmers and business owners in Southland and South Otago encouraged to seek support if needed

As the full extent of the damage and disruption across Southland and South Otago emerges ANZ New Zealand (ANZ NZ) is encouraging farmers and businesses impacted by the recent extreme weather to seek support if they need it.

Lorraine Mapu, ANZ Managing Director of Business and Agri, said: “The recent storm has caused widespread damage across the region, with power outages, flooding and loss of critical infrastructure impacting the day-to-day running of farms and businesses.”

“We’ve got staff out in the community and on the road, talking to business owners and visiting farmers in some of the worse affected areas, to get a better idea of the extent of the damage.

“For our famers the welfare of their animals is a priority, they are facing significant challenges with cows not being milked for prolonged periods, damage to fencing, sheds, machinery and water systems.

“We want to reassure our customers that the bank is here to work with them in the days and months ahead.”

ANZ is making targeted assistance available for business and farming customers, subject to approval.

This includes temporary overdraft facilities and the ability to defer loan repayments or moving to interest only, to help ease some financial pressure.

Agri customers may also be able to access ANZ’s low interest Business Regrowth loan.

Eligible customers can borrow up to $300,000 at a special fixed rate of 3.49% p.a. for three years. The loan can be used to replace assets and rebuild for the future[1].

Business and Agri customers should speak to their Relationship Manager or phone our Business Service centre on 0800 269 249 to discuss the impact on their business and their funding requirements.

ANZ is recommending farmers and business owners talk with their key industry specialists and professional advisors to work out the best way forward.

“We know significant weather events have a huge impact on our customers and regional economies,” Ms Mapu said.

“As New Zealand’s biggest bank we’re committed to supporting our business and agri customers with their recovery, ultimately leading to more resilient and sustainable communities.”

ANZ said any home loan customers feeling financial pressure should talk to the bank sooner rather than later to ensure they are getting the support they need. To contact ANZ phone 0800 269 296.

ANZ Business Regrowth Loan

• Available: from 29 October 2025.
• Special fixed interest rate: 3.49% for up to 3 years.
• Rates are subject to change and will be reviewed at the time of a new event being added.
• Maximum loan: $300,000.
• Eligible customers: existing ANZ business and agri customers adversely affected by eligible climate-related events (cyclones, flooding, droughts etc).

You can find more information on our website, including eligibility criteria, terms and fees.

[1] Lending criteria, fees and terms apply.