Monday, 24 March 2014 15:41

Horticulture tops ‘robust’ confidence

Written by 

NEW ZEALAND farmer sentiment has eased from last year's highs, though remains at robust levels, the latest Rabobank Rural Confidence Survey has shown.

Sentiment among horticulture producers is strongest due to a recovery in the kiwifruit industry following the PSA outbreak and stronger prices.

Completed earlier this month, the latest quarterly survey showed New Zealand farmer confidence eased this quarter with 42% of the country's farmers expecting the agricultural economy to improve in the next 12 months (compared to 56% last quarter) while 13% of farmers expect conditions to worsen (up from 5% previously) and 44% expect conditions to remain the same.

Rabobank New Zealand chief executive Ben Russell said the results largely reflected changes in the economic cycle with interest rates increasing and the likelihood of some easing in commodity prices over the next 12 months.

Horticulture producers were found to be the most optimistic with 58% expecting the rural economy to improve in the year ahead.
"Horticulture producers are starting to see better prices overall, while kiwifruit growers in particular are in the midst of a recovery following the PSA outbreak in 2011," Russell says.

Of those farmers expecting agricultural conditions to worsen, 42% cited falling commodity prices (down from 54% previously) followed by concerns about the rising New Zealand dollar (22% up from 14% last quarter). Worries about government regulation/policy eased this quarter (from 22% to 5%).

Of the farmers expecting the rural economy to improve, 48% cited rising commodity prices (down from 57%) followed by confidence in overseas market conditions (stable at 34 %).

More like this

Feds vow to keep Govt honest

Buoyed by a survey showing farmer confidence rising to its highest level in over a decade, Federated Farmers says it's not taking its foot off the pedal.

Featured

Accident triggers traffic alert in barns, sheds

WorkSafe New Zealand is calling on farmers to consider how vehicles move inside their barns and sheds, following a sentencing for a death at one of South Canterbury’s biggest agribusinesses.

People expos set to return

Building on the success of last year's events, the opportunity to attend People Expos is back for 2025, offering farmers  the chance to be inspired and gain more tips and insights for their toolkits to support their people on farm.

SustaiN lands NZ registration

Ballance Agri-Nutrients fertiliser SustaiN – which contains a urease inhibitor that reduces the amount of ammonia released to the air – has now been registered by the Ministry of Primary Industries (MPI). It is the first fertiliser in New Zealand to achieve this status.

National

Chilled cow cuts enter China

Alliance Group has secured greater access for chilled beef exports into China following approval of its Levin and Mataura plants…

New CEO for Safer Farms

Safer Farms, the industry-led organisation dedicated to fostering a safer farming culture, has appointed Brett Barnham as its new chief…

Machinery & Products

AGCO and SDF join hands

Tractor and machinery manufacturer AGCO has signed a supply agreement with the European-based SDF Group, best known for its SAME,…

» Latest Print Issues Online

The Hound

Sacrificed?

OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our…

Entitled much?

OPINION: For the last few weeks, we've witnessed a parade of complaints about New Zealand's school lunch program: 'It's arriving…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter