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Jamie Mackay: The Country host on Rabobank's latest agribusiness report for August · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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• 0:16
  Speaker 2: Jamie mckaye, host of the Countries with Us, Hello Jamie, Hello, Heather,
• 0:20
  Speaker 2: welcome back, Thank you mate. What's in rubberbanks? Let us report?
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  Speaker 1: Then?
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  Speaker 2: Well it's mate, Well it's a report of or a
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  Speaker 2: llegu should I say, of two halves. Not surprising. Really
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  Speaker 2: look the income side of it, and they've looked at dairy,
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  Speaker 2: beef and sheep meat now beef and sheep meat, beef
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  Speaker 2: and lamb effectively, and a bit of mutt and thrown
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  Speaker 2: and is looking really good, just off reduced global supply.
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  Speaker 2: And when we look at the likes of beef, we
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  Speaker 2: have no tariffs on that going into the very important
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  Speaker 2: US market, our biggest read and beat market. Now for
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  Speaker 2: the key we fruit dairy is a bit more interesting.
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  Speaker 2: We've had a couple of good positive GDTs after about
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  Speaker 2: three bad or negative ones to start the new dairy season.
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  Speaker 2: Our production in June was at record highs, but that's
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  Speaker 2: sort of like when to milking, so it's pretty small numbers.
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  Speaker 2: It looks like we could break another record for annual
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  Speaker 2: production providing the super al Nino doesn't come and ruin
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  Speaker 2: the party. So that's all looking good. What's not so
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  Speaker 2: flash as the farm input side of the ledger fertilizers
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  Speaker 2: a bit of a shaker off. What's happening in the
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  Speaker 2: Middle East fuels very much the same. It's up and down.
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  Speaker 2: This report was written before Trump had made a few
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  Speaker 2: soothing noises in recent days, but fuel and fertilizer are
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  Speaker 2: still killers for farmers. And the other thing it looks
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  Speaker 2: at in the reporters interst rates and exchange rates. So
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  Speaker 2: what Rabobank's saying either, and this applies to everyone, not
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  Speaker 2: just farmers. The OCR obviously went two and a half
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  Speaker 2: percent in July. There economists are picking further rate hikes
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  Speaker 2: in September, December, and February that would bring our OCR
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  Speaker 2: to three point two five percent. And off the back
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  Speaker 2: of those ra higher interest rates, our dollars rallied a bit,
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  Speaker 2: trading at just under sixty or something at the moment.
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  Speaker 2: And listen, tell me what farmers think of those new
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  Speaker 2: secondary school subjects. Well, I don't know. I haven't spoken
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  Speaker 2: directly to a farmer, but I read Federated Farmers press
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  Speaker 2: release and I guess they speak on behalf of Farmers. Heather, look,
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  Speaker 2: I think it's really positive there. They're encouraging industry leads
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  Speaker 2: secondary school subjects. Federated Farmers say it's a major one.
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  Speaker 2: The Meat and Wool chair Richard Dawkins, or Federated Farmer's
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  Speaker 2: spokesperson on this, Richard Dawkins says, this is the kind
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  Speaker 2: of practical industry lead approach and exactly what the sector
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  Speaker 2: had in mind when t PUKINGA was disestablished. So supporting
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  Speaker 2: young farmers is one of Federated Farmers policy priorities for
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  Speaker 2: twenty twenty six. Incidentally, they have another couple that will
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  Speaker 2: help young farmers reviewing the Sheer Milking Agreements Act and
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  Speaker 2: including agricultural and horticultural science within the year zero to
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  Speaker 2: tear in science curriculum, and I say it should be
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  Speaker 2: in there.
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  Speaker 1: Yeah, fair point.
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  Speaker 2: Hey, Jamie, thank you was always as lovely to talk
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  Speaker 2: to you.
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  Speaker 1: Jamie Mackay hosts of the Country. For more from news
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  Speaker 1: Talks at b listen live on air or online, and
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