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.’’
Children enjoy sixth Shepparton Community Reading Day at various locations in central business district.
Living with a disability will be in the spotlight on Wednesday, December 3 when community organisations compete in an ‘all abilities’ challenge through the streets of Yarrawonga.
Last week Victorian Collections passed a major milestone, with the 50000th historical object record from the state’s heritage collections uploaded to the site.
Hundreds flocked to Gunbower on Sunday to watch the Gunbower Pacing Cup.
The Christmas decorations exhibition at the Rochester Shire Hall was a hit with many visitors.
Local recovering after workplace injury
Simone Robson and her young daughter shouldn't even be alive - but she has found a remarkable form of rehabilitation that could lead on to something much bigger.
No luck for Finley in Murray Valley cricket.
Tayla Edsall has donated her long locks to the Cut for Cancer program, which makes wigs for cancer patients.
Cobram entrant joins hundreds starting the Massive Murray Paddle.
Deniliquin business Charlie Carp attracts international interest.
A spring Future Orchards walks will be held at Coomboona on Friday November 28 from 9.30am.
Top price was a pen of first-cross border leicester/merino ewes offered by Tony and Anne Mort of ‘Mardie’, Winton and purchased by Heath Cowell of ‘Mundara’, Tallarook for $208.
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.