[27 September/Rabobank] New Zealand farmer confidence in the primary sector fell from the previous quarter. They were now at negative levels for the first time since early 2016. Confidence rose amongst sheep and beef farmers, however fell among dairy farmers. The main reasons for the decreased confidence were concerns around Government policy and falling commodity prices. Farmers expectations of their own farm business performance remained at positive levels, however were down on the previous quarter. Farmer investment intentions decreased slightly across the board. Net farmer confidence was down to negative 3 percent from 2 percent in the previous quarter.