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 (00:00):
Jamie McKay, Host of the Country.

Speaker 2 (00:02):
Hey, jam well, the Israeli run 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.

Speaker 1 (00:17):
Because I said, I need to know what. 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 caused the migraine. But
you can't remember what the perfume was.

Speaker 2 (00:37):
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 Amani.
I remember going through trying to get my normal Hugo
boss man works to treat that one. Either, I can

(00:58):
tell you and they didn't have any, so I bought
in the marney and then of course you've shamed me
and throwing it away.

Speaker 1 (01:05):
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 2 (01:11):
Yeah, I will, I will search at my office tomorrow
and send you a picture of it. You'll wonder.

Speaker 1 (01:16):
Thank you, Jamie.

Speaker 2 (01:17):
Jesus.

Speaker 1 (01:17):
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 2 (01:27):
Yeah. Rabobank Farmer Confidence Survey, the Q two one came
out today and it was good news. Although the 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 powder's fatter weeed un less. My
guy says maybe down two or three, so just some

(01:48):
downside risk with that dairy paal. But this survey is
obviously retrospective, so it's found that farmer confidence in the
broader agri economy was unchanged at a net post of
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,

(02:11):
only surpassed by 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

(02:32):
a positive outlook, unsurprisingly, 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 we. But interestingly, just finally,

(02:53):
growers were markedly This is, 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 had 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.

(03:15):
That is everything you ever wanted to know about after shave,
apples and Kiwi fruit and dairy beef and lamb in
one go. I look you playing me enough.

Speaker 1 (03:24):
I look forward to your text with the picture tomorrow.
Thank you, Jamie. As always Jamie McKay, host of the Country.

Speaker 2 (03:30):
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