,Although the war in Ukraine is driving up farms' selling prices, especially for grains, those rises are needed to offset higher input costs, according to Rabobank, which conducted the survey. (File pic - Australian wheat farmers)新2正网平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
SYDNEY: Australian farmers' confidence fell in the latest quarter, as rising production costs took some shine off high commodity prices and prospects of a bumper harvest, a survey showed on Tuesday.
Although the war in Ukraine is driving up farms' selling prices, especially for grains, those rises are needed to offset higher input costs, according to Rabobank, which conducted the survey.
The study found that about 50% of Australian farmers believed the war in Ukraine would hurt farm businesses. Only 28% expected business conditions to improve in the next 12 months, compared with 31% in the previous quarter.
Overall, farmers expected their incomes to be stable for the coming 12 months.
The bank pointed to spiralling costs of fertilisers, fuel, freight and machinery - some also driven by the war - plus broader inflationary pressures in the Australian economy. All were weighing on sentiment.
Rabobank Australia chief executive Peter Knoblanche said farmers had enjoyed high agricultural commodity prices for more than two years, but many now faced margin pressure.
"The cost pressure is not easing and producers definitely need those higher commodity prices in order to meet rising input costs," he said.
Rabobank is one of Australia's largest agricultural lenders.
The food price index of the U.N.'s Food and Agriculture Organization, which tracks the most globally traded food commodities, averaged 157.4 points in May, up 22.8% from a year earlier. Read full story
"As the next round of (sanctions on Russia) come into force, there is a lot of caution among farmers about what this will mean for the longer term, which is flowing through to lower levels of optimism," Knoblanche said.
Higher input costs have cut margins but the survey found that farm investment would largely be maintained at current levels.
Australia, one of the world's top exporters of grains, is poised for a third year of near-record wheat production in 2022 as good weather encourages planting across its grain belt. Read full story
Farmers in Australia, who usually begin sowing wheat in late April ahead of the southern hemisphere winter, have nearly finished this year's planting of the grain on about 14.45 million hectares (35.7 million acres), an all-time high, according to estimates from brokerage IKON Commodities.- Reuters