NZ farmer confidence rebounds in second quarter as dairy price improves

Mon, 27 Jun 2016

By Sophie Boot June 27 (BusinessDesk) - New Zealand farmer confidence bounced in the second quarter to the first net positive reading in more than a year, with a significant upswing across all sectors as rising dairy prices fuelled positivity. A net 3 percent of farmers were optimistic about the outlook for the agricultural economy over the next 12 months, from net 42 percent pessimistic in the previous quarter, and the first time optimists outnumbered pessimists since March 2015, Rabobank's latest rural confidence survey says. A quarter...

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