Farm­ers see eco­nomic bright side

Matamata Chronicle - - Rural Delivery -

Farm­ers are more con­fi­dent now than they were in Jan­uary, says the lat­est Fed­er­ated Farm­ers Farm Con­fi­dence Sur­vey which was taken at the be­gin­ning of the 2011/12 sea­son.

‘‘Most farm­ers are look­ing on the bright side, for the gen­eral econ­omy and par­tic­u­larly for their own farm busi­nesses,’’ said Bruce Wills, Fed­er­ated Farm­ers pres­i­dent and its eco­nom­ics and com­merce spokesman.

‘‘This is de­spite com­mod­ity prices com­ing off re­cent peaks and the dol­lar be­ing at record highs against the green­back. Any gloss taken off re­turns seems to have been bal­anced against an out­stand­ing spell of weather at the tail end of last sea­son.

‘‘How­ever, since the sur­vey was in the field the dol­lar has ap­pre­ci­ated fur­ther. Rel­a­tively few be­lieve the Gov­ern­ment should tackle the Kiwi dol­lar head-on. Rather, most iden­ti­fied gov­ern­men­tled spend­ing and bor­row­ing as be­ing the pri­or­ity.

‘‘Eco­nom­i­cally, a re­duc­tion in gov­ern­ment-led spend­ing and bor­row­ing could help mod­er­ate the ex­change rate.

‘‘The Farm Con­fi­dence Sur­vey was also un­der­taken up 10.4 points on Jan­uary but still lower than the 30.1 per cent who cited it this time last year when the scheme was im­ple­mented.

As with the Jan­uary sur­vey, farm­ers con­sider fis­cal pol­icy, like re­duc­ing gov­ern­ment spend­ing and/ or gov­ern­ment debt, should be the Gov­ern­ment’s high­est pri­or­ity. 26.3 per cent of re­spon­dents cited this as their high­est pri­or­ity for the Gov­ern­ment, down 1.2 points on Jan­uary but up on the 14.4 per cent who cited it this time last year.

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