Farmer investment plans hit new highs as ag sector mood lifts

Andrew Marshall@BurrenAndrew

16 May 2017, 2 p.m.

About 25 per cent of Australian farmers are looking to invest in new machinery and farm equipment and 30pc want to spend on emerging ag technology initiatives.

About 25 per cent of Australian farmers are looking to invest in new machinery and farm equipment and 30pc want to spend on emerging ag technology initiatives.

Farmers are investing in new equipment, extra labour and off-farm assets at a record levels as optimism across the sector makes the most of good seasons and some bullish commodity prices.

Agriculture is also regaining its appeal with next generation farming family members, according to research by the Commonwealth Bank of Australia (CBA

 

http://www.farmonline.com.au/story/4665706/farmer-investment-plans-hit-new-highs/?cs=5373

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s