Confidence among Australian farmers has eased slightly over the past three months due to record-breaking heat in the eastern states and US president Donald Trump's protectionist trade talk.
Agribusiness banking specialist Rabobank says its latest quarterly rural confidence survey shows that farmers' outlook remains generally positive, but that the eastern states' summer heatwave has taken a toll.
Rabobank said 30 per cent of farmers surveyed also had concerns about the effect on trade of President Trump's still-evolving policies, but pointed out it was too early to assess any impact on Australia's agricultural sector.
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