Dairyfarmer confidence levels rebound

14 Mar, 2017 12:00 PM
Comments
0
 
Farmgate prices for southern export-orientated dairyfarmers are expected to increase in 2017/18.
The results highlighted some uncertainty stemming from the recent change in US government.
Farmgate prices for southern export-orientated dairyfarmers are expected to increase in 2017/18.

Dairyfarmer confidence levels have turned around on the back of expectations that prices will increase in 2017/18, according to the latest quarterly Rabobank Rural Confidence Survey.

The survey found dairyfarmers had posted the largest turnaround in confidence, to levels last seen in mid-2014, as farmgate margins look set to improve throughout the year.

The survey did, however, report some uncertainty in the medium-term outlook, with almost a third of farmers reporting concern the new US administration may negatively impact Australian agriculture.

Rabobank national manager Country Banking Australia Todd Charteris said while the hot summer in eastern Australia had driven the pull-back in confidence, the nation’s farmers were poised for a good year

Mr Charteris said the large turnaround in confidence posted by dairyfarmers this quarter had been driven by the improved expectations for the sector.

“Farmgate prices for southern export-orientated dairyfarmers are expected to increase in 2017/18, while producers in the fresh milk market are anticipating prices to remain stable at relatively elevated levels,” he said.

While the Rabobank survey found Australian farmers to be generally positive about the outlook for 2017, the results highlighted some uncertainty stemming from the recent change in US government.

A total of 30 per cent of farmers surveyed reported having concerns the new Trump administration may have a negative impact on Australian agriculture, particularly on trade relations with the US.

“Although it is too early to assess the impact of the Trump presidency on Australia’s agri sector, it is clear the administration change in the US is providing some uncertainty in the near-term and potentially some turbulence in the medium-term on economic and regulatory fronts,” Mr Charteris said.

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 
The hotter the stack, the more the farmer has stuffed the nutritive value of that stack.22 Sep 17 The hotter the stack, the more the farmer has stuffed the nutritive value of that stack.
If some silage making rules are bent or broken, it can affect the environment.21 Sep 17 If some silage making rules are bent or broken, it can affect the environment.
light grey arrow
At what event was this said ?
light grey arrow
One of the most effective ways to combat the fake markets is to mass serialise the original
light grey arrow
ok then, lets extend it further, anything that is not raw dairy cow/sheep/goat/buffalo milk, is
Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and milk vats, must be registered with the Australian Pesticides and Veterinary Medicines Authority (APVMA).
20 Sep 17 Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and...
When Victorian dairyfarmer Lauren Finger's father said he had an idea, little did she know how much of an impact his invention would improve her on-farm productivity and safety.
05 Sep 17 When Victorian dairyfarmer Lauren Finger's father said he had an idea, little did she know how much of an impact his...
Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition opportunities.25 Sep 16 Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition...
Monopoly market may confront cropping sector under mega-merger proposal.22 Sep 16 Monopoly market may confront cropping sector under mega-merger proposal.