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As measured through the National Dairy Farmer Survey (NDFS), overall farmer sentiment is comparable with 2014.
Notwithstanding significant regional variability, 74% of farmers report feeling positive about the future of the dairy industry and a high proportion (79%) anticipate a profit this financial year.
Underpinning this is a significant increase in farmers who believe demand growth will continue, both domestically and globally.
In terms of perceived challenges for the months ahead, the survey revealed heightened concerns about the level of new season farmgate prices, but also that there is reduced concern overall about input costs and climate compared to this time last year.
Three themes have emerged from the 2015 national dairy farmer survey data:
1. More than 80% of farmers made an operating profit in 2013/14 and a similar proportion are expecting a profitable year in 2014/15.
2. Announcements of Free Trade Agreements have been well received, though they are seen as being more beneficial for manufacturers and the industry in general than for farmers directly.
3. Farmer sentiment in the Subtropical Dairy region has improved significantly in 2015.
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