Rural Wrap

Activity Defying Confidence

Doug Steel -

Economic activity has been doing better than weak confidence readings would have you believe. This applies to agriculture as much as it does to the wider economy. Tractor registrations are at their highest level since the 1970s. Sure the outlook has soften a little in some areas, like dairy prices, albeit that this has been partly driven by very strong milk production on generally favourable weather conditions. Lamb prices remain strong.