Jamie Mackay: The Country host on the heavy rain pelting through Dunedin

Dunedin residents are preparing for a deluge of rain.

A red heavy rain warning is in force for North Otago, Dunedin and coastal Clutha today and tomorrow.

Otago Civil Defence says people should only travel tonight if absolutely necessary - to avoid getting caught up in rising rivers or streams.

The Country's Jamie Mackay says people are getting the sandbags ready ahead of the weather changes.

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Episode Transcript

Speaker 1 (00:00):
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Speaker 1 (01:03):
We any six par six on newstalk. Z'd be Jamie McKay,
host of the Country, is with us this evening from
are very very damp the need and how are things Jamie.

Speaker 3 (01:12):
Well, it's all right where I am, jack on top
of a hill but south of Need, and they're sandbagging
down on the flats there already the need and apparently
get something like fifty three mills of rain annually in October.
We've had that already in this talk of rain up
to fifty to one hundred miles, so goodness knows how

(01:32):
it's how we're going to get on because I think
the rain is forecast to be heavy right through until
about tomorrow night. So it's a red orange, a red warning,
should I say, the highest and Met Service can put
out there, and the authorities are just urging people to
stay at home and not to travel unless totally necessary.

Speaker 1 (01:51):
Yeah, that's really important advice, and we're going to make
sure ourn newsroom updates people with the very latest from
Civil Defense and Met Service throughout the evening. So stay
safe if you're in one of the regions. Now, feed
farmers have got their banking inquiry.

Speaker 3 (02:04):
Yes, well, they've in their recent submission to Parliament's Banking
Inquiry fed Farmers found that the one in five key
We farmers say their bank isn't allowing them to structure
their debt in the most interest efficient way. And this
comes from a big sample size too, Jack, I think
more than a thousand farmers came forward to share their frustration.

(02:26):
So in total, forty percent of farmers either find that
their debt structure is inefficient or aren't receiving enough information
from their banks to improve one of the real grips.
And I think this is a very fair gripe on
behalf of farmers and no doubt small business owners the
pressure farmers fail to use overdrafts to manage debt repayments

(02:48):
or fund capital projects tasks. Overdrafts were never intended for
overdrafts to design for managing seasonal cash flow, not to
burden farmers with higher interest debt. You know, many of
these farmers have stuck in overdraft facilities that never returned
to a positive balance. Obviously, you know, in a dairy
farming situation or something, Jack, you might want to be

(03:09):
an overdraft for four or five months of the year max.
So anyhow, overdrafts, say Federated farmers. Rich mcintires leading the
charts for them should be a tall not a trap
because those overdraft rates Jack are very very high eleven, twelve, thirteen, fourteen,
fifteen percent.

Speaker 1 (03:26):
And Jamie, the Central North Island dairy company Meaducker has
updated its milk price forecast.

Speaker 3 (03:31):
Yeah, well it's reporting season for the dairy company's Jack.
We've heard from recently in the past week from Fonterra
and similar it's the turn of Meeraca, which is a
very efficient little operation based out of Talpo. They've come
out with their forecast milk price for the season or
in at the moment twenty four to twenty five nine

(03:52):
dollars seventeen. Fonterra is currently sitting at nine dollars and
they finished last season twenty three twenty four at eight
bucks on the knows, so that was a way bit
better than Fonterra's seven dollars eighty three. So, you know, look,
challenging weather, but good times for the dairy industry.

Speaker 1 (04:08):
Very good. Thanks, Jamie, really appreciate your time. That is
Host of the Country, Jamie Mackay.

Speaker 2 (04:13):
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