The NFU have published the results of their third annual farmer confidence survey (17 Dec 2012) showing a lack of confidence in the short-term. Due to the poor weather and increased input costs, farmer confidence to invest in their business has been dampened short-term. However, long-term farmers are generally optimistic.
536 farmers from all sectors were surveyed with 22% of them confident about the year ahead; a decrease from nearly half the year before. On the increase were farmers who believed their business was in for a tougher year, up to 42% from 30%.
Looking specifically at the dairy industry, farmers are more pessimistic about the coming year than they were in the last survey. Confidence over the next 5 years has dropped slightly on 2011 levels.
Note that the results are an average of the farmer's answers and comments reflect the overall sector score.
For more details on the survey click here