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3 Apr 2025 21:43
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  •   Home > News > Business

    Farmer confidence is at record lows

    Farmer confidence is at record lows


    Fonterra
    Fonterra
    A Rabobank survey found last month farmer confidence in the broader agricultural economy, dropped to negative 72 percent.

    It's the lowest reading in the 20-year history of the survey.

    It comes as Beef and Lamb New Zealand predicts sheep and beef farm profit margins to fall a further 30 percent this season.

    Rabobank's Bruce Weir says the survey was conducted just after Fonterra announced a drop it's Farmgate milk price.

    He says since then Fonterra has increased the price by 50 cents which has been received well.

    © 2025 Newstalk ZB, NZCity

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