Dairy farmer and agribusiness leader Nathan Guy is New Zealand’s new special agricultural trade envoy.
Todd McClay, Minister for Trade and Investment and Minister of Agriculture, announced Guy’s appointment today.
The Country's Jamie Mackay explains further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
You're listening to a podcast from News Talk ZEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
Jamie mckaye is with us from the Country.
Speaker 1 (00:18):
Jamie.
Speaker 2 (00:18):
Good evening. Gooday, Ryan, Now we've got the Fonterra. You know,
the downgrading, lowering the forecast farmgate milk price for the
second time this season.
Speaker 3 (00:29):
Yeah, yeah, Like, well, to take you back a wee
bit in time, they started the season off with the
forecast range of eight to eleven dollars. Strangely, I mean,
logic would suggest the midpoints nine to fifty, but they
went with a ten dollars midpoint. They've had to subsequently
reduce that to nine fifty, and today they've changed that
(00:51):
midpoint from nine to fifty to nine dollars, so that
range is now eight point fifty to nine fifty. There's
quite a bit of talk in the industry about maybe
the milk price starting with an eight, which wouldn't be
so flash, but it's not a surprise. This follows yesterday's
and we talked about this one on Cheernesday Evening. Ryan
follows yesterday's four point four percent drop on the GDT
(01:13):
auction down a whole milk powder down five point seven percent,
the ninth drop in a row since mid August. The
record is ten. It looks like we could well beat
that when the first auction comes back. In early January.
Chief executive Miles Hurrell said, strong milk flows in both
New Zealand and globally, particularly out of the United States
(01:35):
and Europe, continues to put downward pressure on global commodity prices.
And the other factor that's slightly coming into play is
the stronger New Zealand dollar. It's now training at fifty
eight or US fifty eight cents. It was at fifty
six or fifty seven. But I'm imagining the hedging department
at Fonterra Ryan has probably got a lock a lot
(01:57):
of their currency locked in for this season, so that
may even be a next season story. So Bucklin, I
don't think we're over the drops yet. But the good
news is because it is Christmas, and I don't want
to be the good news Ryan, is as we look
out further, we are expecting this thing to come back
and still very good future for protein.
Speaker 2 (02:18):
And you know everyone talks about the break even price, Jamie,
eight dollars fifty is that I think the average four
farmers for dairy farmers. That sounds like it's getting quite close.
Is you know that must be worrying or is there
more to that?
Speaker 3 (02:33):
No, I think it's worrying. It's interesting the that's the
from the E contractor tracker at Dairy and Z eight fifty.
I know a lot of dairy farmers, and I know
a lot of them who are whose cost of production
is considerably below eight dollars fifty. Maybe it's a few
of the big players with high debt that is dragging
that average up. But you're dead right, Like at a
(02:54):
cost of eight fifty a ten dollars payout, it is
a good business to be if that payout is beginning
with an eight and the cost of production is eight fifty,
not so flash. But there are things that are mitigating this.
Lower interest rates are really going to help farmers in
the coming season or the rest of this season. That
(03:14):
has of course been factored into the eight point fifty.
But yeah, watch this space a bit of the shine
coming off dairy prices.
Speaker 2 (03:22):
I see Nathan Guyn has got a new role for himself.
Speaker 3 (03:25):
Yes, he has. The former Minister of Primary Industries under
the well he was under the key and I think
the English government. I'll have to check my do my
homework on that one. Yeah, he is named as the
new Special Agricultural Trade Envoy. We've had some good ones
of these over the years. Mike Petterson for instance, comes
to mind. Nathan guy replaces Hamish Maher, a mid Canterbury
(03:48):
arable farmer who's held the role since twenty twenty three.
Nathan will take over on the first of January, which
is only a couple of weeks ago. Look, he's going
to with his background not only in politics treading the
corridors of power, but also in farming. He's a practicing farmer.
He's a horror for New a dairy farmer. He's an
agg gred business leader. He's the chairman of the Meat
(04:12):
Industry Association at the moment, he's also the independent chair
for Appiculture New Zealand. He's got a finger and a
lot of pies. He's very well connected and he will
do a very good job. Now Minister Maclay has said
he wants Nathan to concentrate with a particular focus on India.
Obviously they're looking for the FTA there and the GCC markets.
(04:34):
Now I don't know about you, Ryan, but I know
what a GC is. I don't know what a GCC
market is, but whatever it is, Nathan's concentrating on it.
Speaker 2 (04:45):
You're driving with the GC. Yes, no, quite right. Well,
he's he's quite adept, he used to. I've been on
a few trade missions with Nathan Guy in the years
gone by, Like we went to Brazil, we went to Argentina,
I remember going to Mexico. I mean, he knows his stuff.
He'll be out there pushing the business, doing the good
thing for New Zealand. So that's great. Jamie, appreciate it.
(05:06):
Jamie McKay, host of the Country.
Speaker 1 (05:07):
For More news talks at b Listen live on air
or online, and keep our shows with you wherever you
go with our podcasts on iHeartRadio.
You're listening to a podcast from News Talk ZEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
Jamie mckaye is with us from the Country.
Speaker 1 (00:18):
Jamie.
Speaker 2 (00:18):
Good evening. Gooday, Ryan, Now we've got the Fonterra. You know,
the downgrading, lowering the forecast farmgate milk price for the
second time this season.
Speaker 3 (00:29):
Yeah, yeah, Like, well, to take you back a wee
bit in time, they started the season off with the
forecast range of eight to eleven dollars. Strangely, I mean,
logic would suggest the midpoints nine to fifty, but they
went with a ten dollars midpoint. They've had to subsequently
reduce that to nine fifty, and today they've changed that
(00:51):
midpoint from nine to fifty to nine dollars, so that
range is now eight point fifty to nine fifty. There's
quite a bit of talk in the industry about maybe
the milk price starting with an eight, which wouldn't be
so flash, but it's not a surprise. This follows yesterday's
and we talked about this one on Cheernesday Evening. Ryan
follows yesterday's four point four percent drop on the GDT
(01:13):
auction down a whole milk powder down five point seven percent,
the ninth drop in a row since mid August. The
record is ten. It looks like we could well beat
that when the first auction comes back. In early January.
Chief executive Miles Hurrell said, strong milk flows in both
New Zealand and globally, particularly out of the United States
(01:35):
and Europe, continues to put downward pressure on global commodity prices.
And the other factor that's slightly coming into play is
the stronger New Zealand dollar. It's now training at fifty
eight or US fifty eight cents. It was at fifty
six or fifty seven. But I'm imagining the hedging department
at Fonterra Ryan has probably got a lock a lot
(01:57):
of their currency locked in for this season, so that
may even be a next season story. So Bucklin, I
don't think we're over the drops yet. But the good
news is because it is Christmas, and I don't want
to be the good news Ryan, is as we look
out further, we are expecting this thing to come back
and still very good future for protein.
Speaker 2 (02:18):
And you know everyone talks about the break even price, Jamie,
eight dollars fifty is that I think the average four
farmers for dairy farmers. That sounds like it's getting quite close.
Is you know that must be worrying or is there
more to that?
Speaker 3 (02:33):
No, I think it's worrying. It's interesting the that's the
from the E contractor tracker at Dairy and Z eight fifty.
I know a lot of dairy farmers, and I know
a lot of them who are whose cost of production
is considerably below eight dollars fifty. Maybe it's a few
of the big players with high debt that is dragging
that average up. But you're dead right, Like at a
(02:54):
cost of eight fifty a ten dollars payout, it is
a good business to be if that payout is beginning
with an eight and the cost of production is eight fifty,
not so flash. But there are things that are mitigating this.
Lower interest rates are really going to help farmers in
the coming season or the rest of this season. That
(03:14):
has of course been factored into the eight point fifty.
But yeah, watch this space a bit of the shine
coming off dairy prices.
Speaker 2 (03:22):
I see Nathan Guyn has got a new role for himself.
Speaker 3 (03:25):
Yes, he has. The former Minister of Primary Industries under
the well he was under the key and I think
the English government. I'll have to check my do my
homework on that one. Yeah, he is named as the
new Special Agricultural Trade Envoy. We've had some good ones
of these over the years. Mike Petterson for instance, comes
to mind. Nathan guy replaces Hamish Maher, a mid Canterbury
(03:48):
arable farmer who's held the role since twenty twenty three.
Nathan will take over on the first of January, which
is only a couple of weeks ago. Look, he's going
to with his background not only in politics treading the
corridors of power, but also in farming. He's a practicing farmer.
He's a horror for New a dairy farmer. He's an
agg gred business leader. He's the chairman of the Meat
(04:12):
Industry Association at the moment, he's also the independent chair
for Appiculture New Zealand. He's got a finger and a
lot of pies. He's very well connected and he will
do a very good job. Now Minister Maclay has said
he wants Nathan to concentrate with a particular focus on India.
Obviously they're looking for the FTA there and the GCC markets.
(04:34):
Now I don't know about you, Ryan, but I know
what a GC is. I don't know what a GCC
market is, but whatever it is, Nathan's concentrating on it.
Speaker 2 (04:45):
You're driving with the GC. Yes, no, quite right. Well,
he's he's quite adept, he used to. I've been on
a few trade missions with Nathan Guy in the years
gone by, Like we went to Brazil, we went to Argentina,
I remember going to Mexico. I mean, he knows his stuff.
He'll be out there pushing the business, doing the good
thing for New Zealand. So that's great. Jamie, appreciate it.
(05:06):
Jamie McKay, host of the Country.
Speaker 1 (05:07):
For More news talks at b Listen live on air
or online, and keep our shows with you wherever you
go with our podcasts on iHeartRadio.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Bobby Bones Show
Listen to 'The Bobby Bones Show' by downloading the daily full replay.