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.’’
The late Margaret 'Dharrul' Wirrpanda has joined Mooroopna's Alf 'Uncle Boydie' Turner as an inductee this year into the Victorian Indigenous Honour Roll.
Yarrawonga Football Netball Club has confirmed the appointment of Brendan Fevola as co-coach for season 2015.
Goulburn Valley Fins and Fenders Car Club is getting ready to host its second annual Show and Shine event at Tatura Racecourse on Saturday, October 18.
Residents are being warned they could face severe penalties if out of control burn-offs damaged someone else’s property.
The Nanneella hall and recreation reserve committee is inviting everyone to join its clearance sale on October 25.
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Developer of the Elloura estate wants to build another road to Buckley Park among other changes.
Terry Hogan has stood down as Mayor of Jerilderie Shire due to an ongoing battle with cancer.
Heathcote Community House staff are encouraging people to send a postcard to show their support.
Minister for Local Government and Aboriginal Affairs Tim Bull visits Cobram to assist councils and incumbent MP.
Keen Deni Ute Muster fans rolled into town early for the weekend's event.
The only consistent thing about frost damage in crops was its random nature, a cropping expert told his field day audience at Finley last Friday.
Last week's Coledale poll dorset stud ram sale was the best in the stud's 45-year history.
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