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Economic position drives farmer confidence down

Author
Newstalk ZB,
Publish Date
Tue, 30 Jul 2024, 7:16am

Economic position drives farmer confidence down

Author
Newstalk ZB,
Publish Date
Tue, 30 Jul 2024, 7:16am

Farmers still feel there are tough times ahead. 

The latest Farm Confidence report from Federated Farmers shows confidence has fallen over this year, with debt, interest rates, and banks the greatest concern. 

More than half of farmers are expecting conditions to deteriorate in the year ahead. 

Federated Farmers President Wayne Langford told Ryan Bridge they’re questioning why their interest rates and margins are significantly higher than others. He said that they’ve asked for a banking inquiry as the banks and the Reserve Bank are just pointing the finger at each other. 

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