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Increasing dairy prices boosts rural confidence

Increasing dairy prices boosts rural confidence levels

New Zealand rural confidence has improved for the second consecutive quarter with the dairy sector providing the major positive influence. Other agricultural sectors are not as confident with many feeling the impact of the rising dollar and continuing volatility in commodity prices, according to the latest quarterly Rabobank Rural Confidence Survey.

The survey – conducted across New Zealand last month – shows 32 per cent of the country’s farmers expect the rural economy to improve in the next 12 months, a further increase from the 22 per cent who had that expectation in the previous quarter.

Full Rabobank Rural Confidence Survey Media Release Dec 2009 (pdf)

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