Rural Research

Unfavourable Terms

Doug Steel -

The nation’s terms of trade might well be one of the, if not the, most underrated economic indicators. It doesn’t get much airtime in the popular press. But it is of critical importance to the real purchasing power of the nation’s exports and hence incomes.

Farmers Cut Spending

Doug Steel -

Farmers have cut expenditure over the past year. Generally low commodity prices, elevated costs, and high interest rates have pressured primary sector finances. And, on top of this, the weather has had significant influence too, albeit more for some than others.