Today on The Country, Jamie Mackay spoke to Fonterra chairman John Monaghan about the co-op's latest forecast farmgate milk price.

On with the show:

John Monaghan:

We talk to Fonterra's chairman about a good news/bad news day for farmer shareholders, as the milk price rises but the dividend falls.

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Andrew Hoggard:

The Vice President of Federated Farmers comments on Fonterra, the big dry and the prospect of a Capital Gains Tax.

Peter Newbold:

The GM of PGG Wrightson Real Estate takes his monthly look at the state of the rural market.

John McOviney:

We yarn to the chief executive of Steelfort who moonlights as a Waitoma sheep and beef farmer about great lamb prices, electric lawn mowers and resetting the odometer after a heart attack.

Joe Wheeler and Matt Todd:

Courtesy of Farmlands, fans of farming and footy, we take our weekly look at Super Rugby with a broken-down Highlander and the Crusaders captain.

Listen below: