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34% of farmers eyeing raised business investment
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Sarah Simpkins
Sarah Simpkins
A
A
Roughly one-third of Australian farmers expect to increase their business investment over the year ahead, according to a new survey.
The Rabobank Rural Confidence Survey has revealed that while overall net sentiment eased slightly from the previous quarter, almost 90 per cent of Australian farmers were anticipating strong business conditions in the agricultural sector to continue or improve over the year ahead.
Around a third (34 per cent) of farmers in the May survey have signalled expectations to increase investment over the year ahead, while 60 per cent will maintain business spending at current levels.