Latest / Best of Business / Jamie Mackay: The Country host on Rabobank's latest survey showing farmer confidence has taken a hit

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Jamie Mackay: The Country host on Rabobank's latest survey showing farmer confidence has taken a hit · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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  Speaker 1: The Rural Report with Farmland's Quality and Value that Never Quits.
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  Speaker 2: Jamie mcaie, host of the countries of that, Hello, Jamie,
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  Speaker 2: good I here that the farmers feeling quite optimistic, are they? Yeah, Well,
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  Speaker 2: it's interesting. The latest Rabobank Rural Confidence survey came out
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  Speaker 2: yesterday and it's for the June quarter or the quarter
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  Speaker 2: finished June. Interestingly, it was taken between the eighteenth and
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  Speaker 2: May and the fifth of June, so it preceded Donald
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  Speaker 2: Trump's peace deal. If indeed there is peace, but there's
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  Speaker 2: certainly better sentiment as you were mentioning now, So basically,
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  Speaker 2: if farmers are reasonably confident, not as confident as they were.
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  Speaker 2: Overall net confidence has dropped to plus fourteen percent. It
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  Speaker 2: was plus thirty one percent in the last quarter. But
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  Speaker 2: farmers have been in positive territory confidence wise since the
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  Speaker 2: third quarter of twenty twenty four. You know, the main
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  Speaker 2: concern by the length of the Home Strait is rising
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  Speaker 2: input costs and this is all coming off the back
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  Speaker 2: of the conflict obviously in the Middle East that may
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  Speaker 2: or may not be resolved when it came, so that
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  Speaker 2: was the reason for a negative outlook rising input costs.
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  Speaker 2: When it came to those with the positive outlook, rising
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  Speaker 2: commodity prices was mentioned by fifty five percent of them,
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  Speaker 2: increasing demand thirty three percent. That side of the ledger
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  Speaker 2: is going really well. Indeed, interestingly, sheep and beef farmers,
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  Speaker 2: especially sheep farmers, who have long been considered the poor
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  Speaker 2: relation of the dairy farmers, continue to be the most
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  Speaker 2: optimistic about their prospects, while horticulturalists are the most pessimistic.
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  Speaker 2: And I guess that won't be the key we fruit
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  Speaker 2: growers or even some of the apple growers some of
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  Speaker 2: the others who are battling in horticulture land price expectations.
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  Speaker 2: Third of the farmers expecting land prices to increase over
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  Speaker 2: the next twelve to twelve months, less than one in
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  Speaker 2: ten expecting land prices to fall.
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  Speaker 1: Good time to be zesprey, isn't it?
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  Speaker 2: It is a good time to be zesprey. Kiwi fruits
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  Speaker 2: is on fire quite literally. So Zesbury came out earlier.
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  Speaker 2: It might have been Tuesday or yesterday, I can't remember.
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  Speaker 2: With their June orchard gate returns and basically at per
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  Speaker 2: tray level. The returns for all categories were forecast to
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  Speaker 2: be at similar levels to the twenty five twenty sixth
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  Speaker 2: season that we've just finished now that was record return
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  Speaker 2: So Zesbury Green you can get for a tray of
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  Speaker 2: that between ninety ten forty forecast for the gold my
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  Speaker 2: favorite eleven to twelve twenty five and for the Ruby
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  Speaker 2: read you have to pay the princely sum of well,
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  Speaker 2: you may have to pay the princely sum of sixteen
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  Speaker 2: twenty five to seventeen twenty five. Real strong demand heather
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  Speaker 2: coming out of Europe and North America. The forecast also
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  Speaker 2: included increases in freight costs because of the Middle East
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  Speaker 2: conflict weather like you were talking about before with the banks.
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  Speaker 2: Whether that will come down will be enter Zesper's forecasting
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  Speaker 2: and net profit after tax including license revenue, which is
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  Speaker 2: big money for them, of three hundred and fifty five
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  Speaker 2: to three sixty five million. That's up from two hundred
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  Speaker 2: and eighty million last year. Happy days for Kiwi fruit mate,
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  Speaker 2: tell me about it. Jamie, Thank you very much.
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  Speaker 1: Talk to you again next week. Jamie mckaye, host of
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  Speaker 1: the Country. For more from News Talk st B listen
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