Farmer confidence dips slightly, but positivity still dominates
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Rabobank’s Farm 2 Fork (F2F) summit in Sydney was all about food – but briefly became about fashion as Dutch Queen Maxima took to the stage with husband King Willem-Alexander to congratulate winners in the Food Bytes! competition.
King Willem Alexander also officially opened the conference, speaking about how a small country like the Netherlands had been able to become the world’s second largest exporter of food through technology and considered use of land.
Rabobank executive board member Berry Marttin spoke earlier on how in China today two thirds of all sales are done through web markets. Today the Dutch buy their food through traditional retailers but the internet is quickly changing that.
He says there will be fewer farmers and bigger farms and consolidation in the food companies.
Farmers will need to make sure they product what consumers want to eat. The current model is to produce and sell later. He says if you produce what the consumers want they will pay more – but who will get that money? Farmers need to ensure it comes to them.
The Food Bytes! Competition was for food companies with new innovations competing for investment funding.
Last month's Agritechnica event led to a wide group of manufacturers celebrating successes when the 2026 Tractor of the Year Competition winners, selected by a panel of European journalists, were announced in Hanover Germany.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.