[2 February/ Radio New Zealand]

Farmers could expect another profitable year as long as they make well informed business decisions, according to Rabobank. The driving factor behind their expectations was the stable global markets. However, Rabobank General Manager of country banking, Hayley Gourley, is warning farmers to use the current situation wisely. She emphasised the importance of investing returns wisely in order to be well positioned for the next downturn. The main challenges she identified included regulation changes, adding that the weather had come in to play recently. She noted that while product prices remain very good, actual production levels are likely to be challenged, suggesting that will be farmers will be weighing up these issues in their own businesses.