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Speaker 1: Twenty four past six. Remember Paul Bloxham's going to be

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Speaker 1: with us after the news, talk us through what's going

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Speaker 1: on with the interest rates at the Reserve Bank of Australia,

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Speaker 1: et cetera, et cetera, and whether they are affected by

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Speaker 1: what the Fed did right now with us Jamie McKay,

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Speaker 1: host to the Country A Jamie Good, I hear that,

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Speaker 1: what are you expecting from Fromterra tomorrow?

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Speaker 2: Well, not much in terms of the final milk price

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Speaker 2: for the twenty three to twenty four season. The experts

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Speaker 2: telling me it'll be a rounding exercise. At this stage

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Speaker 2: they're currently sitting at a midpoint of seven eighty. There

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Speaker 2: might be a wee bit of upside. I'd be surprised

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Speaker 2: if there was any downside. I think tomorrow's number that

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Speaker 2: might be of interest is the dividend. Thy'll announce the

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Speaker 2: final dividend for the twenty three twenty four financial year.

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Speaker 2: Remembering in twenty two to twenty three it was fifty cents.

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Speaker 2: But you don't have to go that far back in time.

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Speaker 2: In fact, to twenty eighteen nineteen it was nothing, not

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Speaker 2: a sausage, nada. And then in twenty nineteen twenty it

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Speaker 2: was only five cents, So I'm assuming I'm going to

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Speaker 2: make the assumption, perhaps rather foolish, that that dividend's going

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Speaker 2: to be in excess of last year's fifty cents. Miles

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Speaker 2: will probably prove me wrong. At about eight thirty tomorrow

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Speaker 2: morning we'll have that number confirmed. Wee bit of upside

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Speaker 2: on seven eighty as far as I'm aware. Once again,

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Speaker 2: Miles will probably make a fall to me. I'm not

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Speaker 2: sure they update the current season forecast, which is currently

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Speaker 2: sitting at eight dollars fifty midpoint. Mind you, the futures

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Speaker 2: markets are doing a bit better than that.

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Speaker 1: H Jamie. Sounds like it's a bit tough in Southend

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Speaker 1: for the farmers at the moment with all the rainfall.

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Speaker 2: Yeah, well, you talk about diversification and farming, Heather. I've

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Speaker 2: still got a lot of mates, as you know. You

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Speaker 2: know some of them down in Southland who are sheep farmers. Well,

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Speaker 2: I think they're going to diversify into growing rice. It's

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Speaker 2: literally like a rice paddy down there. I was talking

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Speaker 2: to an old timer today and I said, is it

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Speaker 2: worse than the lambing of twenty ten or eleven? When

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Speaker 2: the roof on Stadium. Southland fell collapsed because of all

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Speaker 2: the snow lying on it, or was it worse than

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Speaker 2: the lambing of eighty six when we're not only at

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Speaker 2: rain for three weeks. We had Roger Douglas and he

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Speaker 2: said it was almost as bad as the lamming of

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Speaker 2: seventy two. That's how far back some of them are going.

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Speaker 2: Look it's been a bloody disaster. You've got no grass,

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Speaker 2: poor utilization of the grass that's growing, eye it all

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Speaker 2: gets stamped and trampled into the mud, and you've got

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Speaker 2: low soil temperatures, not much sunshine, horizontal hail down there today.

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Speaker 2: So look they're in a bit of a fix. But

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Speaker 2: you can go up the road a bit to North

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Speaker 2: Canterbury and they've got completely the opposite problem, and probably

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Speaker 2: a worse one. Those guys can't buy a break in

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Speaker 2: terms of soil moisture, so they're headed for a stinking drought.

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Speaker 2: It would be fair to say that Southland's a weeway

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Speaker 2: from a trout at the moment.

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Speaker 1: Jamie, good to talk to you. Thank you for that.

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Speaker 1: Appreciated as Jammy Mackay Host of the Country.

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Speaker 2: For more from Heather Duplessy, Allen Drave listen lived and

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Speaker 2: news talks.

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Speaker 1: It'd be from four pm weekdays, or follow the podcast

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Speaker 1: on iHeartRadio