Key Points

• The March and June quarters are generally the seasonally weakest quarters in the NAB Post-farmgate Agribusiness Survey. However  the results for the March quarter 2015 are mostly below even historic seasonal levels.

• Post-farmgate business conditions fell considerably in the March quarter to -13, down from +1 in the December quarter 2014 and below the five year March quarter average of -6. Expectations for the June quarter have also fallen to -12. Meanwhile confidence fell to -18, and trading conditions and profitability conditions were also sharply lower.

• The weakness in the results likely reflects mixed climatic conditions, with encouraging rainfall in parts of Queensland at the start of the quarter, but a disappointing finish to the northern wet season and dry conditions in much of the south.

For further analysis download the full report.

• Quarterly Agribusiness Survey – March 2015 (PDF, 4MB)