Farmer confidence at highest levels since 2018

1st April 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

New Zealand farmer confidence is at its highest level since early 2018, according to Rabobank’s Rural Confidence Survey.

It was the second successive lift in farmer sentiment, coming on a rise in the last quarter of 2020, and pushed overall net confidence back into positive territory with more of the country’s farmers now optimistic than pessimistic about prospects for the wider agri economy.

Improving commodity prices were the key reason cited by farmers expecting New Zealand’s agricultural economy to improve, while concern over government policy remains the main worry for farmers with a pessimistic outlook.