10 months ago

Selwyn Times: August 09, 2016

30 4 [Edition datE]

30 4 [Edition datE] Tuesday August 9 2016 SELWYN RURAL LIFE SELWYN TIMES Brexit vote further dampens farmer confidence Farmer confidence has picked up slightly since surveyed last in January but remains weak, according to Federated Farmers’ July 2016 Farm Confidence Survey. the SURvey was conducted immediately after the Brexit decision and this appears to have dampened farmer confidence in the global market, on top of their existing concerns about the domestic scene, president of Federated Farmers dr william Rolleston says. “The strength of the global economy, post-Brexit, is weighing heavily on farmers’ expectations. So, not surprisingly, 37.8 per cent of respondents told us commodity and farmgate prices were their biggest single concern.” Other major areas of concern were regulation and compliance costs, health and safety requirements and resource management issues, especially freshwater management. The survey showed farmers’ spending intentions for the coming year remain negative and have barely budged since the last survey in January. In the area of debt reduction, a net 16.3 per cent of farmers expect to increase their debt rather than reduce it, which is a slight improvement from in the January survey. “The primary sector needs the continued ongoing support of banks,” dr Rolleston said. “Federated Farmers will continue its quarterly member surveys on banking relationships and behavior so we can continue to understand how these relationships are working for farmers.” also not surprisingly, given the timing of the survey, the largest number of respondents (13.3 per cent) said they believed the government’s highest priority should be trade policy. This included calls on it to negotiate new free trade agreements and to protect market access into the european Union and the United Kingdom post- Brexit. This was followed closely by monetary policy on 12 per cent (a reflection of the high exchange rate) and then regulation and compliance costs on 11.7 per cent. No other priority attracted more than 10 per cent of respondents, although housing came very close on 9.9 per cent. Federated Farmers president Dr William Rolleston The strength of the global economy, post-Brexit, is weighing heavily on farmers’ expectations. GORSE, BROOM & SCRUB A PROBLEM? TURN GORSE & SCRUB COVERED LAND BACK INTO VALUABLE PASTURE • Mulching/Slashing - Gorse & Broom • 4 in 1 Bucket Work • Farm Tracks • Landscape Raking • Drum Sweeping • Grass Mowing • Track Restoration • Tree Releasing up to 4” diameter Our new PT110F Skid Steer makes clearing land of Gorse, Broom, Scrub etc easy work, with more hydraulic horsepower. We cover Canterbury/West Coast/Southern regions, with the ASV RC-100 Posi-Track and Mulching unit. Gary Millar CONTRACTING Call Gary 0274 748 710 e. Selwyn Auto ALL YOUR MOTORING NEEDS › WOF’s › Diagnostics › Repairs › Servicing › Batteries › Tyres Phone 329 5841 | 132 Leeston Road, Springston |

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