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Speaker 1: So got the State of the Dairy Nation report out

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Speaker 1: this morning. We have never sold more of it, a

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Speaker 1: record twenty seven billion for the twenty four to twenty

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Speaker 1: five season, twenty one billion liters produced and from fewer

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Speaker 1: cows too. By the way, we reach one hundred and

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Speaker 1: forty markets, which is virtually everywhere and employing nearly fifty

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Speaker 1: five thousand people. Campbell Park is the CEO of Dairy

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Speaker 1: New Zealand and as with us, Campbell Morning.

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Speaker 2: Morning, Mike.

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Speaker 1: Does it feel like golden days?

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Speaker 2: Look? I think it reflects the good work that farmers

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Speaker 2: have done over a long time and also the markets

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Speaker 2: that were operating in so certainly I was down at

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Speaker 2: Wa Mumir Field Days in southern a couple of weeks ago.

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Speaker 2: Farmers are very.

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Speaker 1: Positive because the numbers we're talking about some of the

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Speaker 1: on farmers on dairy farmers on average four hundred and

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Speaker 1: something thousand dollars with the sale of Fontira and all

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Speaker 1: the other bits and pieces going on. I mean, that's

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Speaker 1: it's raining money or am I overstating it?

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Speaker 2: I think the most important thing about that particular injection

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Speaker 2: into the economy is it's money that's not currently in

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Speaker 2: the economy. And you know that will be invested back

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Speaker 2: and then go around the economy. So that's good for

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Speaker 2: New Zealand.

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Speaker 1: Yeah, one hundred and forty market. So where are we

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Speaker 1: at with markets in terms of there's virtually nowhere else

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Speaker 1: in the world to go, So what do we do?

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Speaker 1: Just grow what we've got?

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Speaker 2: I think it's also if you look at the work

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Speaker 2: that all the processes are doing, also going up the

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Speaker 2: value chain into food services and to know, one of

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Speaker 2: the beautiful things about milk is it can be turned

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Speaker 2: into lots of products.

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Speaker 1: Well, I was going to say about that, how much

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Speaker 1: of the money is coming in from what that core

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Speaker 1: ingredient stuff versus making it into something else where the

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Speaker 1: real dough is or the margins are.

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Speaker 2: Yeah, look, I think you know, if you look at

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Speaker 2: the growth, it reflects well in terms of that the

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Speaker 2: processes are extracting value for farmers and that's important because

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Speaker 2: farmers are good at doing the work they do behind

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Speaker 2: the farm gate, and the processes are on the world stage.

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Speaker 1: The options this year four from four, so we're looking good.

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Speaker 1: Is there any end to this?

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Speaker 2: Well, it's eighteen percent up since the start of twenty

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Speaker 2: twenty six, so that's positive. And if you look at

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Speaker 2: the futures for next year, just looking at the yesterday

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Speaker 2: on INSX, they're still looking positive around nine sixty eight.

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Speaker 2: So things are still looking good and there appears to

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Speaker 2: be strong demand, but it is a cyclical business and

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Speaker 2: so farmers are always conscious of that.

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Speaker 1: Good on you mate, nice to talking. Congratulations, Campbell Parker,

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Speaker 1: CEO of Deary New Zealand. For more from the mic

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Speaker 1: Asking Breakfast, listen live to news talks. It'd be from

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