Interest rates have garnered a lot of attention in the dairy sector in recent months and DairyNZ's Econ Tracker tool allows users to form a deeper understanding of what interest rate changes and timings could mean for dairy farmers this season.
DairyNZ's Head of Economics, Mark Storey, dives into the September 2024 quarterly updates, highlighting the national break-even forecast price for milk solids as a stand-out revelation.
He emphasises this benchmark is critical for understanding farm profitability and when farmers can expect these financial shifts to start showing benefits for them.
Storey also explains how recent interest rate changes, influenced by the Reserve Bank's OCR announcement, are affecting bank lending rates.
Listen to the full chat between Mark Storey and Dominic George above.
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