Ukraine war, soaring costs shake Australia farmer confidence

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)

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.