Rabobank is relocating its HQ to Waikato and its CEO insisted the new premises be fitted out with woollen carpet - even if it meant using a crane to lift the rolls onto the fourth floor.
Farmer confidence has risen for the third consecutive quarter, according to according to Rabobank s latest rural confidence survey.
Dairy farmers have been buoyed by continued strong Chinese demand for Oceania-origin dairy imports, Rabobank says.
Photo: RNZ / Carol Stiles
The survey has net farmer confidence sitting in positive territory at +13 percent, up from +10 percent in the previous quarter. In March last year the Covid pandemic pushed confidence down to -44 percent.
Rabobank New Zealand chief executive Todd Charteris said rising commodity prices were the key reason for optimism cited by farmers with a positive outlook for the agricultural economy.
Charteris said pricing for New Zealand s key agricultural exports had held up well over recent months and prices were expected to remain strong moving into the second half of the year.