Improvements in dairy sentiment underpins broadly positive expectations for the coming season.ROB HENSON June 11, 2014 3:15am
Victorian farmers have reported an upswing in confidence this quarter, with producers upbeat about their prospects across all major industries — dairy, grains, beef and sheep — bringing net confidence to a three-year high.
In recent surveys, the strong sentiment in the Victorian farming sector has been largely underpinned by the dairy industry, but confidence has now rallied among beef and sheep producers on the back of rain and the associated recovery in market prices.
Meanwhile, grain growers have retained a positive outlook on the season.
Farmers also indicated strong longer-term confidence in the industry, with 28 per cent holding expansionary investment intentions.
The latest Rabobank Rural Confidence Survey completed last month reported a sharp upswing in confidence, with Victorian farmers remaining the most upbeat group of farmers across the nation for seven consecutive quarters.
Those expecting conditions in the agricultural economy to improve now stands at 44 per cent of respondents (up from 37 per cent), while those that expect conditions to worsen has more than halved to seven per cent (down from 17 per cent).
Meanwhile around half of the state’s farmers (49 per cent) held a stable outlook on the coming year.
Monitoring sentiment in Australian rural industries, the Rabobank Rural Confidence Survey questions about 1000 primary producers across a range of commodities and geographical areas throughout Australia quarterly.
Rabobank Victorian manager Todd Charteris said farmers across the state were buoyed by the ‘‘fantastic autumn rains which arrived at just the right time’’.
‘‘Widespread rains have seen a ‘flurry of activity’ with the winter crop pretty much all in on an excellent sub-soil moisture profile and establishment has been further boosted by the unseasonably mild conditions that we have been experiencing in recent weeks,’’ Mr Charteris said.
The rain had also been welcomed by the state’s graziers, he said, with markets responding to the improved seasonal conditions not only in Victoria but through much of southern and central NSW, as well as parts of Queensland.
Mr Charteris said confidence remained robust among the state’s dairy farmers, with 61 per cent expecting the next 12 months to be better than the last.
‘‘While there has been a modest easing in global dairy prices in response to increased supplies from key exportable nations, prices are holding up well and the end-of-year forecast for farmgate prices remains strong at around $6.80/kg milk solids.’’
More than 90 cannabis plants have been sized from a sophisticated hydroponic set-up in a north Shepparton home this afternoon.
Local football talent Dan Howe played well in his first game for reigning AFL premiership club Hawthorn last Thursday night.
A mighty cheer may soon be heard down Merrigum way; the town has officially saved its post office.
An Ogilvie Ave home was extensively damaged after a deliberately-lit fire this afternoon.
After a stunning 2014, Rochester Secondary College has hit the ground running in 2015 with school captains Jess Dwyer and Josh Hamilton promising an action-packed year ahead.
Elusive small man re-signs with club
A Seymour group is calling for aphasia sufferers in the Goulburn Valley to join its choir.
The NSW Government has made a significant funding announcement to expand the health service in Tocumwal.
Heathcote RSL Sub-branch is proposing some changes and additions to the honour boards in the foyer of the RSL hall in Heathcote.
Start your engines — the annual Cobram Lawn Mower Races is back on this Sunday at Scott’s Reserve, with lots on offer to keep you busy during the long weekend.
With their match against Finley all but sewn up, the Deniliquin Rhinos will look to tighten up their batting game ahead of next week's semi-final.
Fruit Growers Victoria plans to give fruit growers in Victoria more on-farm support as a result of its organisational restructure.
This photograph of a young man in cade army uniform was taken by Benalla-based photographer John Howship. Does anyone know who it might be?
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.