Dairy farmers expect conditions to worsen: Rabobank survey

The latest Rabobank Rural Confidence Survey has found that farmer confidence is at its lowest levels recorded since the depths of the millennium drought in 2006. The third quarter survey found 56 per cent of the nation’s farmers now expect conditions in the agricultural economy to deteriorate in the coming 12 months, significantly more than the 35 per cent with that expectation in the June quarter. Those expecting an improvement in conditions declined to 13 per cent, from 18 per cent in the June quarter. Twenty-five per cent expected similar conditions to last year.
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