Global market worries see farmer confidence slump

Thursday, 11 December 2008, 12:49 pm
Press Release: Rabobank

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.

See... Full release with chart (PDF)

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