Farmer confidence drops on concern new government policies will dent output, Rabobank says

Mon, 04 Dec 2017

By Jonathan Underhill Dec. 5 (BusinessDesk) - New Zealand farmer confidence dropped in the final quarter of the year, and has tumbled 41 percent in the past six months, mainly on concerns the coalition government will enact policies that constrain the rural sector. Farmers expecting the rural economy to improve dropped to a net 13 percent from a net 38 percent in the previous Rabobank Rural Confidence Survey. Those that see it improving fell to 29 percent from 46 percent while those seeing poorer times ahead rose to 16 percent from 8 perc...

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