14 Jun 2012

Exchange rate top concern for farmers

12:34 pm on 14 June 2012

A new study has found the changeable exchange rate is the number one concern for farmers.

ANZ Bank has issued the findings of a survey of about 5000 privately owned businesses and has included agribusinesses for the first time.

Of the 750 farmers surveyed, 44% said exchange rate movements were the main issue for their business.

That was followed by commodity price movement and climatic variation.

The most pressing long-term issue was succession planning.

The survey also found only 64% of farmers prepare an annual budget.