Mark Storey: DairyNZ Head of Economics on the dairy payouts rising, farmers urged to pay down debts - The Mike Hosking Breakfast

Dairy farmers are being urged to pay down debt while they're in a good position to do so. 

Fonterra's already forecasting a midpoint of $10 this season. 

Industry organisation Dairy NZ expects the situation to continue, forecasting a payout above $10 next season. 

DairyNZ Head of Economics Mark Storey told Mike Hosking it's a good chance to clear debt while payouts are rising, and interest rates are falling. 

He says farmers have been making repayments in the last few seasons, and they should continue to do so. 

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