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Latest Survey Results: September Quarter 2023

  • Farmer confidence in the broader agri economy has fallen and now sits at a new record low reading.
  • Among the more than three-quarters of farmers expecting agri industry conditions to worsen in the year ahead, the major concerns cited were falling commodity prices (54 per cent), rising input costs (46 per cent) and government policy (35 per cent).
  • Farmers’ confidence in their own farm business performance also fell to a new record low reading off the back of plummeting sentiment among dairy farmers and sheep and beef farmers.
  • Growers bucked the downwards trend and were significantly more optimistic about the performance of their own operations.
  • Farmers’ self-assessment of their own farm business viability decreased, while investment intentions were also lower.