Farmer confidence drops under global market turmoil

Results at a Glance "¢ Farmer confidence has declined due to concerns about commodity prices and global market issues. "¢ Dairy farmers have recorded the largest drops in confidence. "¢ Sentiment also down across all other sectors. "¢ Farmers' business investment intentions remain robust. New Zealand farmer confidence has slumped as concerns about global financial markets and flagging commodity prices take hold, according to the latest quarterly Rabobank/Nielsen Rural Confidence Survey. The latest figures show New Zealand rural confidence has moved into negative territory, with more farmers now expecting conditions to worsen than to improve.