NSW farmer confidence ‘riding on the sheep’s back’

Confidence has rebounded strongly among NSW farmers, with sheep and beef producers behind much of the upswing, according to the latest Rabobank Rural Confidence Survey.

Buoyed by high lamb, wool and beef prices, the recent rains have also been a positive driver of sentiment.

The rain came all too late, however, for the cropping season, with Rabobank forecasting the smallest winter crop in NSW for 10 years.