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. 

LISTEN ABOVE 

Dairy farmers are being urged to pay down debt while they're in a good position to do so.&nbsp;
Fonterra's already forecasting a midpoint of $10 this season.&nbsp;
Industry organisation Dairy NZ expects the situation to continue, forecasting a payout above $10 next season.&nbsp;
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.&nbsp;
He says farmers have been making repayments in the last few seasons, and they should continue to do so.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Mark Storey: DairyNZ Head of Economics on the dairy payouts rising, farmers urged to pay down debts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/69bade24-d5aa-4b4c-b6b3-b2a30131e66f/transcript