[5 December/ NZ Herald]

The Rabobank Rural Confidence Survey results have shown New Zealand farmer confidence drop in the final quarter of the year and has tumbled 41 percent in the past six months. Rabobank New Zealand General Manager for Country banking, Hayley Moynihan said around 80 percent of farmers who believed the rural economy would worsen over the next 12 months cited the new government’s policies as a key reason for holding this view. Ms Moynihan added that farmer confidence had also been dented by expectations they would face rising input costs and falling commodity prices.