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Commonwealth Bank Agri Insights canvasses 1,600 Australian farmers about their intentions across 14 areas of farm operation, and tracks results in the biannual Agri Insights Index.

The May 2016 Agri Insights Index remains positive at 9.5 points. Australian farmers have indicated their strongest intentions to date for investment in plant and equipment, with fixed infrastructure and technology investment intention also strong. The results also show that Australian farmers continue to value the wisdom of their parents when learning about their agribusiness, but recognise that a changing global marketplace means farm management is becoming more complex.

The October 2015 survey found strong investment intentions in a number of areas, including plans to increase land holdings, plant and equipment investment, and use of contractors. The results also found that farmers continue to need labour even as technology impacts the way farms are operated.

Important information

This report is published solely for information purposes. As this report has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information in this report, consider its appropriateness to your circumstances and if necessary seek the appropriate professional advice. The information in this report is based on a survey of 1400 financial decision makers and any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of its compilation, but no representation or warranty, either expressed or implied, is made or provided as to the accuracy, reliability or completeness of any statement made in this report. Commonwealth Bank of Australia ABN 48 123 123 124.

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