The latest Rabobank survey's found farmers' faith in the broader agricultural economy is at its second highest level in the last decade, up to 46 percent.

51 percent expect it to improve in the year ahead - up three percent from the last quarter.

Agriculture Minister Todd McClay told Ryan Bridge it's pleasing to see - as it's good for the country's economy.

He says when the primary sector's doing well and prices are up, they start spending money.