Leaky waka
OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in Washington recently?
According to the latest Rabobank Rural Confidence survey - completed late last month - farmer confidence now sits at -72% and is the lowest in the 20-year history of the survey, eclipsing the previous record low of -71% recorded in quarter four last year.
The bank says a swathe of farmer concerns contributed to record low sentiment, with lower commodity prices now emerging as another source of farmer anxiety.
With feelings like this in the rural community it is no wonder so many rural and provincial seats turned blue at the recent election.
It is obvious the electoral demise of outgoing Agriculture Minister Damien O'Connor and his former cabinet colleagues - such as David Parker and James Shaw - will not be mourned by rural NZ.
