Media Release April 25, 2012 1

New Zealand rural confidence falls as farmers anticipate ‘good times can’t last’

Results at a Glance

• Farmer confidence has registered a significant fall and is at net negative levels.

• High dollar, plus expectations of end to recent run of good weather and high commodity prices, driving decline.

• Confidence lowest among sheep and beef sectors.

• Farmers’ investment intentions, however, remain relatively robust with considerable improvement recorded among horticultural producers.

http://img.scoop.co.nz/media/pdfs/1204/Rabobank_Rural_Confidence_Survey_media_release_Apr2012.pdf