IMPROVEMENT... Rabobank national manager Country Banking Australia Todd Charteris says confidence levels among farmers are up across all commodity sectors, with the biggest upswing in the beef and sheep sectors. IMPROVEMENT... Rabobank national manager Country Banking Australia Todd Charteris says confidence levels among farmers are up across all commodity sectors, with the biggest upswing in the beef and sheep sectors.

Rural confidence levels rebounded

RURAL confidence levels have rebounded from the four-year low recorded last quarter, the latest Rabo­bank Rural Confi­dence Survey has found.

The resurgence has been largely driven by the strength in commodity markets, particularly for wool, lamb, beef and dairy.

The latest quarterly survey, completed last month, found the percentage of Australian farmers expecting conditions in the agricultural economy to improve in the coming year almost doubled this quarter to 28 per cent – up from 17 per cent in the previous survey.

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