The latest Federated Farmers Farm Confidence Survey shows a dramatic decline in farmer confidence, with just one in every 25 respondents around the country expecting to see their fortunes improve over the coming year.
70 percent of those surveyed in the latest bi-annual report say they expect things to get worse.
The opposition says it's a crushing thumbs-down for what it calls Labour's economic mismanagement and regulatory war on farmers.
The government declined to be interviewed about the survey.
National's agriculture spokesperson Todd McClay spoke to Corin Dann.