Latest / Best of Business / Jamie Mackay: The Country host on farmer confidence remaining at a near-record high
Transcript
- 0:09Speaker 1: You're listening to a podcast from News Talks B Follow
- 0:12Speaker 1: this and our wide range of podcasts now on iHeartRadio.
- 0:16Speaker 2: Jamie McKay, host of the Country.
- 0:18Speaker 3: Hey Jamie, Well, the Israeli Rahan conflict's not the big
- 0:23Speaker 3: story of the day. It's my after shape giving you migraines.
- 0:26Speaker 3: I've been getting texts from strange women and high places
- 0:30Speaker 3: in agriculture wondering about my art because.
- 0:34Speaker 2: Because I said, I need to know what, Because what
- 0:37Speaker 2: I need to do is I'm getting get migraines from perfume.
- 0:40Speaker 2: I got it. I know I got it from yours,
- 0:42Speaker 2: and I know I got it from mine. So what
- 0:44Speaker 2: I need to put in is my ingredients. Listened to
- 0:47Speaker 2: chat GPT and yours into chat GPT and see what
- 0:49Speaker 2: the same same things are that cause the migraine. But
- 0:52Speaker 2: you can't remember what the perfume was.
- 0:54Speaker 3: You know? Good, well, no, when you texted me last night.
- 0:57Speaker 3: This has got nothing to do with farming. But it's
- 0:59Speaker 3: obviously one of the great mysteries of the world. I
- 1:01Speaker 3: thought i'd toss that up, but I found it at
- 1:03Speaker 3: work in my office. Obviously it was bad. What was
- 1:06Speaker 3: it that was in the B team? It was Marny.
- 1:09Speaker 3: I remember going through trying to get my normal hugo.
- 1:12Speaker 3: Boss man works to treat that one either, I can
- 1:14Speaker 3: tell you, and they didn't have any, so I bought
- 1:18Speaker 3: in the marney and then of course you shamed me
- 1:20Speaker 3: and throwing it away.
- 1:21Speaker 2: Well, and you didn't even manage to follow through on that.
- 1:24Speaker 2: What a money was it? Because you know they do
- 1:26Speaker 2: more than one A.
- 1:28Speaker 3: Yeah, I will. I will search at my office tomorrow
- 1:30Speaker 3: and send you a picture of it.
- 1:32Speaker 2: You're one, Thank you, Jamie Jesus. This is such a
- 1:35Speaker 2: long drawn out process that's been witnessed by so many people.
- 1:38Speaker 2: We'll get to the bottom of it now. Farmers obviously
- 1:40Speaker 2: feeling completely upbeat, aren't they.
- 1:43Speaker 3: Yeah. Rabobank Farmer Confidence Survey, the Q two one came
- 1:48Speaker 3: out today and it was good news, although just a
- 1:51Speaker 3: word of warning. We've got a GDT auction tonight, second
- 1:54Speaker 3: of the new farming season futures market picking down four
- 1:58Speaker 3: percent for the powders fatter weeed un less. My guy
- 2:02Speaker 3: says maybe down two or three, so just some downside
- 2:05Speaker 3: risk with that dairy payal. But this survey is obviously retrospective,
- 2:09Speaker 3: so it's found that farmer confidence in the broader agri
- 2:14Speaker 3: economy was unchanged at a net positive reading of plus
- 2:17Speaker 3: forty four along with the last quarterly report, the first
- 2:21Speaker 3: one this year. That's the highest or the second highest
- 2:24Speaker 3: equal net reading across the past decade, only surpassed by
- 2:29Speaker 3: quarter two of twenty seventeen. And if you want trying
- 2:33Speaker 3: to figure out what happened in quarter three and four
- 2:37Speaker 3: of twenty seventeen, you might remember Winston chose to sin
- 2:40Speaker 3: to Just thought i'd throw that in there. So the
- 2:42Speaker 3: first survey found forty eight percent of farmers were expecting
- 2:45Speaker 3: the agri economy to improve. Among farmers with a positive outlook, unsurprisingly,
- 2:51Speaker 3: commodity prices with the absolute main reason driving optimism sixty
- 2:56Speaker 3: two percent. Improved marketing sixteen that's the likes of Fonterra
- 3:00Speaker 3: and Zespriy doing good work, and of course overseas markets
- 3:03Speaker 3: and economies at fourteen percent, that number might be drifting
- 3:06Speaker 3: off for WEBIT. Just finally, growers were markedly this is,
- 3:12Speaker 3: you know, the fruit growers and the grain growers were
- 3:15Speaker 3: markedly more positive about their prospects than they were in
- 3:18Speaker 3: the last quarter. Because the sheep and beef and dairy
- 3:21Speaker 3: farmers have been pretty positive this year. The growers that
- 3:24Speaker 3: had a tough time, but obviously we're coming off the
- 3:27Speaker 3: back of really good Kiwi fruit and pretty good apple prices.
- 3:31Speaker 3: So there you go. That is everything you ever wanted
- 3:34Speaker 3: to know about after shave apples and Kiwi fruit and
- 3:37Speaker 3: dairy beef and lamb in one go. Look, you're not
- 3:40Speaker 3: paying me enough.
- 3:41Speaker 2: I look forward to your text with the picture tomorrow.
- 3:43Speaker 2: Thank you, Jamie. As always Jamie McKay, Host of the Country.
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