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flag Australian farm confidence hits 18-month high, led by livestock sectors, despite crop growers' pessimism.

flag Australian farm sector confidence reached a 18-month high with a net score of 14% in the Rabobank Rural Confidence Survey, driven by improved growing conditions, stronger livestock prices, and early-season rains in key regions. flag Sheep and beef farmers led the surge, with net confidence at 31% and 27% respectively, supported by robust global demand, reduced U.S. and Brazilian supply, and strong wool and meat prices. flag Tasmania was most optimistic at 34%, while New South Wales saw a significant rebound to 15%. flag Grain, cotton, and sugarcane growers reported negative sentiment due to weak prices, particularly from oversupply in Brazil.

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