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Farm Confidence Improves Slightly In Q1

AUSTRALIA

Rabobank rural confidence rose to -22 in Q1 from -25 driven by improved optimism in Queensland. Around half of the farmers surveyed didn’t expect a change in conditions over the year ahead and 13% expected them to improve (up from 11%), as concerns over commodity prices and rising costs eased. But there was an increase in those who feared rising government intervention in the sector. Rabobank noted that farmers are adjusting to a “normalisation of economic conditions”.
- The Australian

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