Dry seasonal conditions across northern Victoria and east Gippsland continue to take their toll on the state’s rural sector, with Victorian farmer confidence remaining subdued at near-decade lows.
The final Rabobank Rural Confidence Survey for 2018, released yesterday, has found half of the state’s farmers are pessimistic about their prospects for the year ahead, with drought the primary concern.
While late-spring rains – which have since fallen across much of eastern Victoria – are expected to now provide some reprieve, follow-up rainfall will be needed to help restore confidence in the sector.
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