Farmers even gloomier about economy on heightened trade fears

Mon, 12 Aug 2019

By Paul McBeth Aug. 12 (BusinessDesk) - New Zealand's farmers got even gloomier about the state of the economy as the lingering US-China trade stoush and looming Brexit deadline threaten to undermine global trade. A net 51.6 percent of 1,432 surveyed farmers - more than half of them dairy farmers - expect economic conditions for farmers to deteriorate in the coming 12 months, compared to a net 40.8 percent in January. A net 3.6 percent deem general economic conditions are currently good, down from a net 20.3 percent in January. The tw...

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