Quote:
quote:Originally posted by Snoopy
"Prospects for the coming year will be affected by the impact of the lower exchange rate on farm gate returns, the volume of farm output and trading activity. Indications, at this stage, are that the influence of these factors is expected to be more positive in the coming year when compared to the year just ended. While recognising the impact adverse climatic conditions can have in general terms the outlook for the coming year is encouraging with evidence of confidence returning to the farming sector."
I don't agree with much of that myself. I predict a higher exchange rate, relative to the $US, and an associated slump in farm values once reality hits home.
I tend to agree with you about the exchange rate with the USD Snoopy