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Global market worries see farmer confidence slump

Media Release
December 11, 2008
Global market worries see farmer confidence slump

Results at a Glance
• Farmer confidence has declined due to concerns about commodity prices and global market issues.
• Dairy farmers have recorded the largest drops in confidence.
• Sentiment also down across all other sectors.
• Farmers’ business investment intentions remain robust.

New Zealand farmer confidence has slumped as concerns about global financial markets and flagging commodity prices take hold, according to the latest quarterly Rabobank/Nielsen Rural Confidence Survey. The latest figures show New Zealand rural confidence has moved into negative territory, with more farmers now expecting conditions to worsen than to improve.

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