Rabobank survey of farmers (dairy a huge export for NZ):
Net 3% of farmers surveyed in early September expect agricultural economy to get worse in the coming 12 months
- first negative reading since early 2016
Farmers who were pessimistic cited
- government policies
- commodity price trends
- overseas markets
Via Bloomberg report
Also, for more, this in the NZ Herald ahead of the report release:
- For the first time in two years farmer confidence is in the negative
- led by dairy farmers
- dip in dairy confidence is due not only to the Government but also "expectations of the broader agricultural economy," such as milk prices and poor GDT results
