Friday, May 2, 2008

Rural Sector's Mixed Confidence

Meanwhile, the third leg of the National Australia's Bank's confidence surveys each quarter is the report on confidence and conditions in agri-businesses: both before and after the farm gate.

And the latest survey for the March quarter shows there's a curious "we'll be rooned but things are looking up" dichotomy which some how sums up attitudes in rural areas some times.

But this time around it's more important than for several years: the last two and a bit years have been pretty bad for rural and regional areas with the drought, the wine bust and the damage to grain crops, offset by the beef and sheep meat boom and of course the resources booms in parts of rural Queensland, Western Australia and parts of South Australia and NSW.

But with generally good rain (and more needed in the next few months) there are hopes the impact of the drought will fade and winter grain crops in particular will flourish and catch the world-wide price boom.


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