NZ farmer confidence jumps to a record high on improved commodity prices

Mon, 26 Jun 2017

By Tina Morrison June 27 (BusinessDesk) - New Zealand farmer confidence and investment intentions jumped to record levels in the second quarter of this year, buoyed by improved commodity prices. Rabobank said net farmer confidence rose to 54 percent from 27 percent in the March quarter, hitting the highest level since its survey began in 2003. Investment intentions lifted across all agricultural sectors, with 40 percent of farmers expecting to increase investment in the next 12 months, up from 31 percent last quarter and also at a record...

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