Jamie Mackay: The Country host on farmer confidence remaining at a near-record high

Farmer confidence remains at a near-record high, according to the latest Rabobank Rural Confidence Survey.

Farmer confidence in the broader agri-economy was unchanged at a net reading of +44 percent following consecutive lifts in the previous three quarters.

The Country's Jamie Mackay unpacks the survey results further.

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Episode Transcript

Speaker 1 (00:09):
You're listening to a podcast from News Talks B Follow
this and our wide range of podcasts now on iHeartRadio.

Speaker 2 (00:16):
Jamie McKay, host of the Country.

Speaker 3 (00:18):
Hey Jamie, Well, the Israeli Rahan conflict's not the big
story of the day. It's my after shape giving you migraines.
I've been getting texts from strange women and high places
in agriculture wondering about my art because.

Speaker 2 (00:34):
Because I said, I need to know what, Because what
I need to do is I'm getting get migraines from perfume.
I got it. I know I got it from yours,
and I know I got it from mine. So what
I need to put in is my ingredients. Listened to
chat GPT and yours into chat GPT and see what
the same same things are that cause the migraine. But
you can't remember what the perfume was.

Speaker 3 (00:54):
You know? Good, well, no, when you texted me last night.
This has got nothing to do with farming. But it's
obviously one of the great mysteries of the world. I
thought i'd toss that up, but I found it at
work in my office. Obviously it was bad. What was
it that was in the B team? It was Marny.
I remember going through trying to get my normal hugo.
Boss man works to treat that one either, I can

(01:14):
tell you, and they didn't have any, so I bought
in the marney and then of course you shamed me
and throwing it away.

Speaker 2 (01:21):
Well, and you didn't even manage to follow through on that.
What a money was it? Because you know they do
more than one A.

Speaker 3 (01:28):
Yeah, I will. I will search at my office tomorrow
and send you a picture of it.

Speaker 2 (01:32):
You're one, Thank you, Jamie Jesus. This is such a
long drawn out process that's been witnessed by so many people.
We'll get to the bottom of it now. Farmers obviously
feeling completely upbeat, aren't they.

Speaker 3 (01:43):
Yeah. Rabobank Farmer Confidence Survey, the Q two one came
out today and it was good news, although just a
word of warning. We've got a GDT auction tonight, second
of the new farming season futures market picking down four
percent for the powders fatter weeed un less. My guy
says maybe down two or three, so just some downside

(02:05):
risk with that dairy payal. But this survey is obviously retrospective,
so it's found that farmer confidence in the broader agri
economy was unchanged at a net positive reading of plus
forty four along with the last quarterly report, the first
one this year. That's the highest or the second highest
equal net reading across the past decade, only surpassed by

(02:29):
quarter two of twenty seventeen. And if you want trying
to figure out what happened in quarter three and four
of twenty seventeen, you might remember Winston chose to sin
to Just thought i'd throw that in there. So the
first survey found forty eight percent of farmers were expecting
the agri economy to improve. Among farmers with a positive outlook, unsurprisingly,

(02:51):
commodity prices with the absolute main reason driving optimism sixty
two percent. Improved marketing sixteen that's the likes of Fonterra
and Zespriy doing good work, and of course overseas markets
and economies at fourteen percent, that number might be drifting
off for WEBIT. Just finally, growers were markedly this is,

(03:12):
you know, the fruit growers and the grain growers were
markedly more positive about their prospects than they were in
the last quarter. Because the sheep and beef and dairy
farmers have been pretty positive this year. The growers that
had a tough time, but obviously we're coming off the
back of really good Kiwi fruit and pretty good apple prices.
So there you go. That is everything you ever wanted

(03:34):
to know about after shave apples and Kiwi fruit and
dairy beef and lamb in one go. Look, you're not
paying me enough.

Speaker 2 (03:41):
I look forward to your text with the picture tomorrow.
Thank you, Jamie. As always Jamie McKay, Host of the Country.

Speaker 1 (03:47):
For more from News Talks, ed B, listen live on
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