• Loddon Herald

Positive outlook

Victoria’s farmers have held on to their positive outlook, despite mounting concerns about input prices and conditions leading into harvest, the latest Rabobank Rural Confidence Survey has shown.

While overall rural confidence in the state eased back in the latest quarter, it remained at solid levels, underpinned by continuing strength in commodity markets.

However cool and wet conditions running into summer, combined with workforce concerns and high input costs, appear to be contributing to the increase in those forecasting conditions to deteriorate.

The survey, released today, found sentiment remained firm among beef and dairy producers, while there was no significant change in confidence among sheep producers.

Grain growers, however, were found to be largely behind the drop off in sentiment this quarter, with confidence among those in the sector well down compared to the September survey. More than one in five Victorian grain growers surveyed reported a pessimistic outlook, expecting conditions to worsen over the year ahead.

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