Vegetable growers’ confidence boosted
Industry confidence increased by more than 32 per cent during the June 2016 quarter, according to the survey, which asked growers how they feel about key economic indicators, including macroeconomics, investment, the market and government policy.
“Australian vegetable growers are becoming more optimistic about the current economic climate,” said AusVeg spokesperson Shaun Lindhe.
“The rise in confidence this quarter is being driven by increased market confidence, with figures indicating these confidence levels have increased by 39.7 per cent, alongside rises in the macroeconomic and investment categories.
“Results also indicated that confidence levels relating to government policies rose during the survey period.”
Lindhe said the confidence boost may have occurred as a result of the 2016 federal budget, which contained favourable initiatives for the vegetable industry, including the reduction of company tax rate, increased biosecurity funding and $2 billion for major water infrastructure projects.