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For the second quarter in a row, Tasmanian farmers are the most confident and optimistic in the country, according to the latest Rabobank Rural Confidence Survey. The survey showed that 100% of Tasmanian farmers surveyed expect the current “excellent trading conditions” to continue or improve further over the next 12 months, with dairy farmers’ confidence particularly strong. The latest survey, which was completed last month, found that 39% of farmers in the state expect better trading conditions over the next 12 months. While this was down from 45 percent from this perspective in the previous quarter, the remaining 61 percent of Tasmanian farmers expected current conditions to continue. Rabobank’s regional manager for Tasmania, Stuart Whatling, said seasonal and business conditions statewide were “very positive” and producer confidence was incredibly high. “Commodity prices are still exceptional and farmers have reaped windfall profits from the high prices, which are expected to continue,” he said. “July was a wetter month than average, and some areas seem quite wet, but winter precipitation was overall average, allowing late winter planting to begin. Entry conditions in the spring are generally excellent. ” IN OTHER NEWS: Among Tasmanian farmers with a positive outlook, more than three-quarters (78%) said commodity prices were the cause of their optimism (up from 63% in June). conditions to improve (it was 24% in the last quarter). Mr Whatling said sentiment in the livestock sector is currently excellent. that these conditions will be with them for a while. ”Mr Whatling said that a wet July, especially in the northern region of Tasmania, presented challenges to pastoralists, but overall the farmers were very optimistic and well positioned to invest and grow their businesses. He said the greatest concerns stemming from the COVID-19 restrictions were being reported in the horticulture and aquaculture sectors, particularly in terms of availability of labor for the horticulture sector and the cost of air freight to get top quality aquaculture products to key Asian markets. Dairy farmers were the most optimistic of all farmers about their income outlook in 2021/22, 60% expecting to generate higher gross farm income Our journalists work hard to provide local and up-to-date news to the community. Here is how you can continue to access our trusted content:
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For the second quarter in a row, Tasmanian farmers are the most confident and optimistic in the country, according to the latest Rabobank Rural Confidence Survey.
The survey showed that 100% of Tasmanian farmers surveyed expect the current “excellent trading conditions” to continue or improve further over the next 12 months, with dairy farmers’ confidence particularly strong.
The latest survey, which was completed last month, found that 39 percent of the state’s farmers expect better trading conditions over the next 12 months.
While this was down from 45 percent from this perspective in the previous quarter, the remaining 61 percent of Tasmanian farmers expected current conditions to continue.
Rabobank’s regional manager for Tasmania, Stuart Whatling, said seasonal and business conditions statewide were “very positive” and producer confidence was incredibly high.
“Commodity prices are still exceptional and farmers have reaped windfall profits from the high prices, which are expected to continue,” he said.
“July was a wetter month than average and some areas seem quite wet, but winter precipitation was overall average, allowing late winter planting to start.
“The conditions at the start of spring are generally excellent.
Among Tasmanian farmers with a positive outlook, more than three-quarters (78 percent) said commodity prices were a cause for their optimism (up from 63 percent in June).
Good seasonal conditions underpin positive sentiment for 29% of those who expect conditions to improve (this was 24% last quarter).
Mr Whatling said sentiment in the livestock sector is currently excellent.
“These are truly unprecedented times for the cattle ranchers of Tasmania, with an extended period of very good seasonal conditions and good prices, and the forecast that these conditions will be with them for some time.”
Mr Whatling said a wet July, especially in northern Tasmania, presented some challenges for cattle ranchers, but overall farmers were very optimistic and well positioned to invest and expand their businesses.
He said the greatest concerns stemming from the COVID-19 restrictions were being reported in the horticulture and aquaculture sectors, particularly in terms of the availability of labor for the industry. horticulture and the cost of air freight to get high quality aquaculture products to key markets in Asia.
Dairy farmers were the most dynamic of all farmers in terms of their income outlook in 2021/22, with 60% expecting to generate higher gross farm income.
Our journalists work hard to provide local and up-to-date news to the community. Here’s how you can continue to access our trusted content:
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