For the first time in two years farmer confidence is in the negative, led by dairy farmers concerned about Government policies says Hayley Gourley.
Rabobank's GM Country Banking spoke to The Country's Jamie Mackay about the Rural Confidence Survey which is due out later this week.
Gourley says the dip in dairy confidence is due not only to the Government but also "expectations of the broader agricultural economy," such as milk prices and poor GDT results.
Listen below: