Less than half of beef and sheep farmers in New Zealand were confident in the future of the industry, the lowest level since 2017.
The survey, by UMR Research, also found the percentage of farmers who expressed low confidence in the industry was at 15 per cent.
Beef and lamb New Zealand chairman Andrew Morrison said ‘speed and scale’ of Government-led reforms were concerning farmers.
Environmental schemes were being pushed through by Government but farmers felt many were not practical at a farm level and would not necessarily lead to better environmental outcomes.
Other things affecting confidence are the lingering impacts of drought across parts of the country and uncertainty in export markets as a result of Covid-19.