Our Insights

Scott Wishart

Managing Director and Co-Founder of NZAB
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Recent Posts

We're Looking Forward to Helping More Farmers Across NZ - Welcome to our Two New Client Directors

Feb 9, 2021 12:21:27 PM / by Scott Wishart posted in Debt, Action, Planning, Budget, Banking, Strategy

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We’re absolutely thrilled to welcome two new team members to NZAB, on the back of strong support from our growing customer base.

With the huge growth down in Southland being led by Michael McKenzie, we welcome Grant Dermody as Client Director to work alongside him, as an advisory lead.

Likewise in Palmerston North, Brendan’s team is expanding yet again and we’re delighted that Charlotte Grogan has agreed to join us, again in the position as Client Director.

We love working on behalf of our farmers to make them truly at the centre of their financing needs and give them the confidence and direction to grow and also the ability to sleep at night.

We’re up to 17 staff now, across NZ, and we’re not finished. We’re going to keep cherry picking the best people in banking and finance and unleash all their skills and experience into your camp, so farmers can truly get what they deserve from their banking relationship.

We very much appreciate all of our customers, both old and new.   We work hard for them and they reward us by telling their business peers - about NZAB and how we could be part of their own growth story.  

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Thank You!

Dec 24, 2020 2:23:54 PM / by Scott Wishart posted in Debt, Action, Planning, Budget, Banking, Strategy

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As another year draws to a close, I just wanted to take this opportunity to thank all our clients and industry professionals who have supported us this year. You keep us motivated, engaged, and at the top of our game.

As I reflect on the successes, I am incredibly proud that we have been able to continue to grow our business and support more of the industry. We added seven staff this year, with two more starting in January, opened a new region and began investing in technology and systems to provide an even better banking outcome.

We are really excited about what is ahead.

The Agri sector has grown and thrived off the back of long term, stable thinking and in a year that has felt like an incredible amount of short-term decisions have been made it’s important to stop, reflect and remember the journey that you’re on and celebrate the steps you have taken towards achieving that overall vision. You might find you have gone further than you realised!

As Cam Black has written for us in his first article below - as an industry, we can be hard on ourselves and it's so important we stop once in a while to smell the roses.

Have a safe and enjoyable Christmas and New Year, and we look forward to working with you all again in the 2021

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The future of Agricultural finance. it’s all about rogue bees!

Jul 31, 2020 4:44:58 PM / by Scott Wishart posted in Debt, Action, Planning, Budget, Banking, Strategy

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Scott Wishart, Managing Director, NZAB

I came across this the other day:

A company pursuing only profit but not considering the impact of its profit seeking upon customer satisfaction, trust or long-term resilience, could do very well in the short term, but its long term future may be perilous. There is a parallel in the behaviour of bees, which do not make the most of the system they have evolved to collect nectar and pollen. Although they have an efficient way of communicating about the direction of reliable food sources, the waggle dance, a significant proportion of the hive seems to ignore it altogether and journeys off at random. In the short term, the hive would be better off all bees slavishly followed the waggle dance, and for a time this random behaviour baffled scientists, who wondered why 20 million years of bee evolution had not enforced a greater level of behavioural compliance
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Interest Rates: Are you getting what you deserve?

May 8, 2020 11:39:09 AM / by Scott Wishart

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In the past there were two key ways to get the best interest rate. Firstly, borrow lots of money, or secondly shop around. Debt was readily available, banks had appetite to grow, and we were going through a wave of land use change and intensification that allowed for lots of money to be lent out on as yet unproven scenarios. 

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Coronavirus - Farm Finance Check

Mar 27, 2020 9:45:00 AM / by Scott Wishart posted in Debt, Coronavirus, Action, Planning, Budget, Agriculture, Banking, Covid-19, Strategy

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There's a lot of uncertainties at the moment, but our job is to assist you in ensuring that your finance isn't one of them. To our clients, you'll be getting a call from us in the next couple of days so we can check in to see if there's anything else we can be doing to help you.

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