Farmer confidence in NZ economy lowest in almost a decade

Thu, 07 Feb 2019

By Rebecca Howard Feb. 8 (BusinessDesk) - New Zealand farmer confidence in the economy hit its lowest level since July 2009, dented by global uncertainty and instability in key export markets. Only 5.1 percent of farmer respondents said they expected general economic conditions to improve during the next 12 months while 45.9 percent expected they would worsen and 46 percent said they would stay the same in Federated Farmers' twice-yearly survey. As a result, a net 40.8 percent of farmers were pessimistic versus a net 39.4 percent in the...

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