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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 October Agri Insights Index is sitting at 10.2 points, our second highest index to date. This is underpinned by robust producer intentions particularly with regards to the financial and physical aspects of farming. This survey also asks Australian farmers about digital technology and their attitude to data sharing, a ripe topic of discussion in this new age of agtech.

The May 2016 Agri Insights Index was positive at 9.5 points. Australian farmers indicated their strong intentions for investment in plant and equipment, with fixed infrastructure and technology investment intentions. The results also showed that Australian farmers were contining to value the wisdom of their parents when learning about their agribusiness, but recognised that a changing global marketplace meant that farm management is becoming more complex.

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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