Wayne Langford: Federated Farmers President on the low economic confidence of farmers

Early Edition with Ryan Bridge

Farmers still feel there are tough times ahead.

The latest Farm Confidence report from Federated Farmers shows confidence has fallen over this year, with debt, interest rates, and banks the greatest concern.

More than half of farmers are expecting conditions to deteriorate in the year ahead.

Federated Farmers President Wayne Langford told Ryan Bridge they’re questioning why their interest rates and margins are significantly higher than others. He said that they’ve asked for a banking inquiry as the banks and the Reserve Bank are just pointing the finger at each other.

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