Dairy confidence improves again

Published: 8:49AM Tuesday December 22, 2009 Source: Newstalk ZB

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Confidence in the dairy sector has improved for the second consecutive quarter, but other agricultural sectors are feeling the impact of the rising dollar and continuing volatility in commodity prices.

The latest survey by rural lender Rabobank shows striking differences in confidence levels between dairy and other farmers.

Sixty-three percent of dairy farmers are expecting their business to improve.

A 30% increase in forecast payout since the last survey may have been a major influence.

In contrast, only 12% of beef and sheep farmers expect an improvement in their businesses.

Confidence in the horticultural sector is also low, with 24% expecting an improvement, while 39% expect a worsening agricultural outlook.

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