NZ farmer confidence slips ahead of new season amid declining prices, adverse weather

Wed, 15 Jul 2015

By Tina Morrison July 15 (BusinessDesk) - New Zealand farmer confidence slipped heading into the new season, with economic conditions and profits expected to deteriorate, as farmers plan to spend less and increase debt. A net 28.2 percent of farmers expect general economic conditions to worsen over the next 12 months, the worst level in three years, and a deterioration from a net 19.2 percent who were pessimistic in the previous mid-season survey in January, according to the latest new season Federated Farmers' Farm Confidence survey in J...

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