Coronavirus doesn't dent Australian farmers' confidence

As the coronavirus pandemic spreads and global markets tumble, Australian farmers are experiencing a surge in confidence.

A survey by agri-lender Rabobank, released today, has indicated one of the largest bounces in farmer confidence in 20 years, with almost half of those surveyed expecting the farm economy to improve over the next 12 months.

Tim Hunt, head of research at Rabobank Australia and New Zealand, said recent rains and strong commodity prices had fuelled the optimism.

Key points:
  • A Rabobank survey, released today, indicated one of the largest bounces in farmer confidence in 20 years
  • Almost half of those surveyed expected the farm economy to improve over the next 12 months
  • The National Farmers Federation is concerned the coronavirus fallout could delay access to fertilisers, chemicals and foreign workers​

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