Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Farmer confidence buoyed by recovering lamb prices


Farmer confidence buoyed by recovering lamb prices

After declining sharply earlier this year, New Zealand farmer confidence has staged a moderate rally off the back of a recovery in lamb prices, according to the latest bi-monthly Rabobank/Nielsen Rural Confidence Survey.

• Farmer confidence has increased moderately, after a sharp decline last survey.
• Improved sheep farmer confidence buoyed results, with 34 per cent of sheep farmers now expecting the rural economy to worsen over the next 12 months, down from 41 per cent in the last survey period.
• Interest rate expectations have changed significantly, with 16 per cent now expecting interest rates to reduce, up from five per cent last survey. Only 31 per cent expect an increase, compared to 45 per cent last survey.

Biggest confidence decline was amongst beef producers, with 49 per cent expecting the rural economy to worsen.


Full press release attached: Rural_confidence_Survey_May_2008_23May.doc

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: