Sunday 16 September 2012
Farmer confidence in Victoria is divided between industries, according to Rabobank's quarterly rural confidence survey.
Dairy farmers are more downbeat, following an oversupply in the global dairy market and rising input costs, while grain growers have shown massive growth in confidence on the back of strong prices triggered by the drought in the United States.
Branch manager of Rabobank in Sale, Tony Anderson, says there's a connection between the sentiments in the grain and dairy industries.
"And there's probably a bit of connectivity between that, given that one of the key drivers with the decline in dairy farmers' confidence is an increase in input costs, predominantly grain," he said.
"So, coupled up with falling milk prices, that's probably the main story."
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