At a glance the results
Ongoing has continued to follow the star-studded rural faith in Tasmania due to high commodity prices
■ Kovid restrictions are affecting fruit and vegetable production, but the agricultural sector as a whole has been protected
Investment in agriculture will continue as farmers improve their incomes for the coming year
Tasmanian farmers’ confidence continues to be stellar, thanks to strong agricultural markets
The survey, which was released today, is expected to improve or improve for the second quarter of the region’s farmers, and no one is looking forward to it.
Although struggling with labor constraints and freight costs from the horticultural and aquaculture industries, the quarterly survey shows that Tanzania’s agricultural sentiment has had a negative impact on COVID-19 and its broader economic impact.
Sustained trust among farmers in the region is to feed business investment plans, and Tasmanian farmers are keen to invest in new equipment and infrastructure to create greater efficiency and productivity.
For Tasmania, Robobank Regional Manager Stuart Wheeling said the current and business conditions in the state were “very positive” and the manufacturer’s belief was incredibly strong.
“Commodity prices are still very high, and farmers have reaped the rewards of strong prices, which he predicts will continue.”
“July was the wettest month on average, and some areas seemed to be very wet, but the winter rains were generally average, which allowed us to start planting late in the winter. Spring conditions are generally excellent.
According to a recent survey conducted last month, 39 percent of farmers in the region expect business conditions to improve over the next 12 months. Mr. Wangling said that the remaining 61 percent of Tasmanian farmers expect the current situation to continue, with this view declining by 45 percent in the previous quarter. “Farmers who have not been surveyed this quarter do not think that conditions could worsen,” he said.
Thus, net rural confidence has declined slightly over the past six years, but has remained relatively strong, he said.
More than three-quarters (78 percent) of those Tasmanian farmers reported positive commodity prices (compared to 63 percent in June). 29% of those who expect the situation to improve are positive (24 percent).
According to this quarterly survey, 40 percent of Tasmanian dairy farmers expect conditions to improve a year ago. Although this trend is lower than at 82 percent in the previous quarter, 60 percent of dairy farmers are still expecting a slight change in current conditions (previously 18 percent), all of which are mainly driven by commodity prices.
Mr Whatling said the animal industry was “very good” at the moment.
These are really unprecedented times for Tasmanian livestock producers, with good current conditions and high prices and these conditions will be with them for some time.
Mr. Wangling presented some challenges to livestock producers, especially in the northern region of Tasmania, but the general farmers were very weak and had a good place to invest and grow their businesses.
He said the biggest concerns posed by the COVID-19 restrictions have been reported in the horticulture sector, especially in the horticulture sector, and the cost of air freight access to major markets in Asia.
“We hope that the new” Aga visa “recently announced by the federal government will help alleviate those labor shortages, Mr Whatling said.
There are also some COVID impacts on agri-tourism businesses: These are a large industry in Tanzania that has been severely affected by the number of tour operators, first due to the lack of international tourism and recently government locks.
Mr Whatling said farmers in the region are now confidently planning their business investment for the coming year, and forecast that agricultural incomes will increase in the fiscal year 2021/22.
According to the survey, 51 percent of Tasmanian farmers expect high agricultural income by 2021/22 – another 38 percent expected to be similar to last fiscal year. Only 11 percent of those surveyed estimated that their gross domestic product would decline.
Dairy farmers were very optimistic about their income opportunities in 2021/22, expecting 60 percent higher gross domestic product.
Such positive agricultural forecasts have boosted investment in productivity and efficiency in the past 18 months, Mr Whatling said.
According to the study, 31 percent of Tasmanian farmers expect to increase their investment next year (33 percent last quarter), while another 60 percent want to maintain their current level of investment.
Among those seeking to increase investment, most of the agricultural infrastructure is classified as fences, yards, silo (80 percent, 44 percent from the previous survey).
In addition, 62 percent of the new plant and machinery planned to increase investment next year, 55 percent to increase livestock numbers and 55 percent to improve irrigation and water infrastructure.
“Water, water everywhere,” said Mr. Willing. Safe water supply and efficient investment in Tasmania have been a major focus for some time, and there is no sign of a decline.
Mr Tasling said there was a shortage of land in Tasmania and many farmers had opted to return to their land to invest.
Agricultural property prices continued to record in all woredas, but supply was very limited.
Robobank’s Rural Confidence Survey, Australia’s Rural Inspection Survey of Australia’s Rural Industries, requires an average of 1,000 primary producers per month in a wide range of goods and geographical areas across Australia. The most robust study in Australia, the Robobank Rural Trust Survey, has been conducted by an independent research organization since 2000. The next results are scheduled for release in December 2021.
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