Recent favorable seasonal conditions, strong commodity prices, and continued investment have lifted confidence among farmers in Queensland and Western Australia, according to a Rabobank survey. Producers in other states are less optimistic.
Favourable seasonal conditions , strong commodity prices, and continuing investment in agriculture have led to Queensland and Western Australia n producers feeling more confident in the lead-up to 2025. A Rabobank quarterly confidence survey has revealed producers from the remaining states and territories are less confident about the year ahead. Queensland producers are feeling more optimistic heading into the new year than farmers in any other state, according to Rabobank survey results.
The final quarterly Rural Confidence Survey for 2024 showed a slight uptick in confidence from cattle producers and cotton and grain growers across Queensland and Western Australia. Rabobank Queensland state manager Brad James said recent rainfall across Queensland was most likely responsible for the boost.'The beef sector showed fairly good confidence and a lot of that's based on season,' Mr James said. He said seasonal conditions were just one factor in the increased confidence with commodity prices and input variables also playing a big part.Confidence in cropsShe said planting summer crops such as chickpeas, mung beans, and wheat would get underway with the advantage of late spring rain and a wet start to summer.'We've got our starting rain to be able to plant on a full profile and that gives us really great security coming into 2025.It was not just the crops that were benefiting from the good season, Ms Stevens said.'We've got the rain and grass is growing and cattle are getting fat.In 2022–23, Australia's agriculture gross domestic product (GDP) grew by 2.7 per cent, signalling the industry's strength and continued development. 'Agriculture is leading the way on a year-on-year basis, which is great news for the sector,' Mr James said. 'Any industry that significantly contributes to the economy gets attention from federal governments for funding and research and developmen
Agriculture Confidence Farmers Queensland Western Australia Seasonal Conditions
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