August 15, 2025 • 40 mins
Jamie Mackay talks to Stacey Waaka, Winston Peters, Kate Acland, Wayne Langford, and Chris Hipkins.
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Speaker 1 (00:00):
The Best of the Country with Robber Bank.
Speaker 2 (00:02):
Choose the bank with one hundred and twenty years global
ACRI business experience.
Speaker 1 (00:06):
Grow with Rubber Bank.
Speaker 3 (00:09):
I was down with the boys, catching up benneeon line.
Speaker 4 (00:16):
You didn't know till we walked in. It was karaoke.
She was in a circle of girls.
Speaker 3 (00:25):
She said, shower the line.
Speaker 1 (00:27):
She was leaving.
Speaker 3 (00:28):
They were daring her a kid on the mike. One
of them walked the return in name. Next thing I knew.
She was upon stag singing it's Caroline Tails, California.
Speaker 2 (00:42):
Maybe she'd bought for a boy.
Speaker 1 (00:44):
From Sir cad.
Speaker 5 (00:45):
I am good morning, New zeal And. My name is
Jamie McKay, going country on the Best of the Country.
The show was brought to you here on news Talk
said be each and every Saturday morning by Rabobank, but
growing a bit of New Zealand together. We've got a
great show lined up for you today. Stacey Wacker are
going to kick it off. Caught up with it earlier
in the week, should I say before she headed off
(01:05):
to the Women's Rugby World Cup, Not that I was
allowed to mention that in the interview. The hurdles you
have to jump through with NZRA, you don't have to
jump through any hurdles to speak to Winston Peters always
keen to front up, one of my favorite correspondents on
the country. We're going to talk to Kate Ackland, chair
of Beef and Lamb New Zealand, about carbon farming and
(01:27):
forestry taking over some of our best productive pastoral land.
Wayne Langford's the President of Federated Farmers, always entertaining on
the country and on Thursday I had the good luck,
i think, to talk to Chris Hipkins. He'd already had
a mauling from the hostue earlier on the morning. Earlier
in the morning on Newstalks edby. I didn't pick up
(01:49):
where the hostal left off, but we did discuss a
couple of key things the COVID Royal Commission and more
importantly from a farming point of view and business point
of view, the prospect of a capital game or wealth tax.
It's all on the Best of the Country, brought to
you by Rabobank.
Speaker 2 (02:07):
The best of the country with Rabobank. Choose the bank
with a huge network of progressive farming clients. Rabobank.
Speaker 5 (02:15):
She is the Beef and Lamb New Zealand ambassador or
one of them. The name is Stacy Waka and of
course Stacy is heading to a big sporting event in
England later this month. Surprise, surprise, she'll be wearing black.
But that's all I can say about that at the moment. Stacy,
I want to talk to you about your connection with
Beef and Lamb New Zealand. How did it come about?
(02:36):
Did you or do you have a farming background?
Speaker 6 (02:40):
Yeah, I was actually really cool. My agents thought of
about and they kind of reached out. And first of all,
I love beef and Lamb and I always have my
whole life growing up on a farm rurally and Ruatuki.
It's that's my hometown where my mom and dad still
currently live and love. I love going back there. It's
a nice piece for relaxing place. So we did grow
(03:00):
up on a farm. We didn't actually do the farming itself,
but we did have a lot of animals and did
small parts back there, and I loved that. I loved
growing up with those people doing like we had calves
and chickens and goats lambs, So it was fun. It
was real fun as a kid for my childhood growing up,
(03:21):
and it's cool now that I've just recently purchased my
own farm in Todunger and I get to kind of
share that with my people who come over here with
a met Well.
Speaker 5 (03:31):
How bigs your farm? If you don't mind me asking?
Speaker 6 (03:33):
Stations five and a half acres, so it's not small,
but it's not massive. So we've got three sets off addics.
At the moment, I've got five calves, two lambs, and
ten chickens, but we'll probably get more one day when
we can kind of handle the load.
Speaker 5 (03:50):
Now, does that add that Beef and Lamb New Zealand
ran with the cute little girl there, who was you?
Obviously when you were a kid, Does that bear any
resemblance to how you grew up?
Speaker 7 (04:01):
Yeah?
Speaker 6 (04:01):
One, Like I mean growing up for me, playing sport
was kind of like my fun get away from everything,
and I loved it. I'm a very competitive person, but
I did love my food. And you know, just having
that background and lifestyle is probably a reflection of who
(04:21):
I am today, which I'm really grateful for.
Speaker 5 (04:24):
You're following in some big footsteps with Beef and Lamb
New Zealand. You're an ambassador or that's your title these days, Stacy,
But I go back to the Iron Maidens, you know,
Sarah Olmer, the Everswindele Twins. More recently, Lisa Carrington, Sophie Pasco,
Sarah Walker, Eliza McCartney, some wonderful female athletes representing the brand.
Speaker 6 (04:46):
Yeah, it makes me feel a little bit catfish. I'm like, oh,
they all global stars and I'm just the rugby player
who you know, I'm grateful. I'm extremely grateful, but I
try my best to help out the team and I'm
just probably honored, I guess, to be alongside them, and
you know know that what they did for our country
(05:07):
for in their sports was absolutely amazing and it was
cool to kind of see that growing up and now
to be kind of one of them, I'm like, wow,
this is really cool.
Speaker 5 (05:18):
How important is the protein and particularly the likes of
the iron important for your diet when you're a female athlete.
Speaker 6 (05:26):
Yeah, look, it's obviously there's lots of research out there
about it, and I know, being a female, extremely active female,
that we kind of need more in our systems with
how our body works. So yeah, always have always loved meat.
You didn't really know the importance of it as a kid, though,
you know, you enjoy it because you love the taste.
But the more I've played professional sports, the more I've
(05:48):
kind of actually learnt the science behind it, and you know,
your iron levels and protein levels of what you kind
of need to feel yourself to be a better athlete
on the field. It's been a real interesting journey. But
you know, I've never studied it at school. You just
kind of learned this thing through being a high performance athlete.
And I'm real grateful and love that because we learn
lots of things playing paying sports for our country. So yeah,
(06:11):
just very lucky.
Speaker 5 (06:12):
As a beef and lamb ambassador, obviously you have to
sample some of the products. I love a good steak,
but if I had to pick one out of the
entire stable, Stacy, this is just me. I'm going with
the lamb wreck. What are you going with?
Speaker 6 (06:25):
Oh that's a hard one. I love a lamb toop,
but that's my lamb. If I had to chuse a beef,
I love this saloon cut on a steak like that's
my absolute favorite. And it has to be cooked like
I'm kind of a medium person who has to be
cooked at are really good. I'm fucking now, this is
just I shouldn't be, but I love it. I love
(06:47):
my meat.
Speaker 5 (06:48):
Last time you played in a big sporting event in
a black jersey at Eden Park and was fifteen of
you on the paddock, I've got to be so careful
what I say here, Stacey. You scored a cracker of
a try and I loved that game of rugby and
I thought you were the player of the match in
that game. Wearing a black jersey bring back fond memories
(07:09):
and are you how how much are you looking forward
to playing rugby with fourteen other women At the time
in England, I thought that.
Speaker 6 (07:19):
Was going to be my last time wearing the black
jersey with that team, just because it was cool, it
was fun, we kind of won, and I had all
these other dreams and it was like, like you said,
there was lots of moments in there where we probably
shouldn't have one, but we always found a way. And
that's what I think is special about where the black
(07:40):
jersey is. The camaraderie, the connections not only on the
field but off the field is weird all starts. So
if you fast forwards now and thinking back, oh I'm
back here again, then we've got another big pinnacle events
to prepare for I'm hugely on it. It's usually grateful.
Twenty nine years old and you know, going going again
for another tournament. It's real cool, it's real special. I'm
(08:02):
looking forward to it. I mean, England is a long
way away. We're ready. We've done all the money, we've
done everything we possibly can this year, and now we've
just got to try and take a game by game
until we get to that big final and hopefully win it.
Speaker 5 (08:16):
Stacey Waker with us, who is of course the Beef
and Lamb New Zealand ambassador. We've got lots of great
players rugby players in this country, male and female. Do
you know what I reckon, Stacy? I reckon the best
of the lot is Georgia Miller.
Speaker 8 (08:29):
What so you?
Speaker 6 (08:30):
Oh, honestly, you know what. We were just talking. We
had a training session out in the rain today and
we got absolutely flogged out on the grass then on
the bike and me and the girls are talking about it.
I think she's going to make a bit of history
of this year. She's won seventh Player of the Year already.
I honestly think she's going to be the fifteenth Player
(08:50):
of the year. I just she's that type of person.
She has so much skill flare, she's fit, fast, wrong,
she's so deceptive and so hard to tackle if you're
training it every day and it's still I still lose
half the time. But it's just I think the way
she runs is like really deceiving.
Speaker 1 (09:09):
To be there.
Speaker 6 (09:10):
My my nephew's actually just asked me today, children will
are not that fast. She actually calculates as one of
the slower ones in our team, but she looks fast
because she can hold her pace and she's extremely fit,
So I don't know what's going on there. She is
aute and absolute machine and I'm so glad she's on
(09:30):
our team and not on the opposition.
Speaker 5 (09:32):
Stacey Waker, thank you very much for your time. Good
luck in England with that big sporting event coming up
later in the month and you're wearing black. Thanks for
your time, No Ra, thank.
Speaker 6 (09:42):
You so much. Hopefully we can bring it home the best.
Speaker 2 (09:45):
Of the country with Rubbo Bank, the bank with local
agri banking experts passionate about the future of rural communities.
Speaker 5 (09:52):
Rubbo Bank, Winston Peters, New Zealand First Leader, Foreign Affairs Minister,
former Deputy Prime Minister on the show today. Lots to
talk about Winston. And I know this is only just
Scott I landed on your desk, But what are you
what's your initial thoughts on this Alliance Group deal selling
to the Irish company Dawn Meat sixty five percent of
the company for two hundred and fifty million dollars. I'm assuming,
(10:17):
with your nationalistic sort of attitude to things, you won't
like this deal.
Speaker 7 (10:22):
That a questiononal statement.
Speaker 5 (10:24):
Well, I'm not sure. You tell me, Well, just.
Speaker 7 (10:27):
Make it a questional a statement, but don't make it
both Well, it was a question, all right, it's a question, well,
I say, And as your first says, here we go again.
Remember Silver Firm's Farms that was the most fraudulent deal
where the shareholdersold denied the information, where they multiplied the
debt which were not true, and they loaded the incomes
(10:49):
which was not true, and got away with the fraud.
And I said her at the time, and here we
go again. And my concern about it, yes, I'm dramatic
concern about it because we should be looking to own
and maximize the value for our country and our economy
and for our workers the resources of New Zealand. And
this is a dem view, a serious mistake.
Speaker 5 (11:10):
Yeah, but they had Hobson's choice. They had no other choice, effectively,
because no other suitor was prepared to front up with
some money. Was either that or sell it. And the
snow buyers no, no.
Speaker 7 (11:20):
Sorry, sorry, Sell of whom's farms was a classic And
you were giving the same out argument. Now you know
what happened to time. Then your supportive National Party was
carrying on of this dance circus, and I was saying
at the time, this is a fraud of the worst sort.
Here we go again. What do you mean they've got
no option? We expect our New Zealand ownership and our
primary production which is massively supported by this government, to
(11:44):
be good managers of their resources and their industries. That's
what's gone wrong here, isn't it. So why don't we
start asking questions of them before we just came in
and let some other country own a major resource of
one of the most productive prime production economies in the
whole wide world.
Speaker 5 (12:01):
So do you think this might have problems getting past
the OIO?
Speaker 7 (12:05):
I sure hope, So yes, I do. I mean, how
are we going to make our country wealthy if we're
going to repeat this mistake where the things which we
should own down to the villages and the settlements in
the countryside, in managing it and for their own wealth,
which made a successful one time mete US number two
in the world. If we go down this pathway of
(12:26):
selling opera assets for foreign ownership sixty five percent in
this case, this is the second one. Silver Firans fins
first and here comes the alliance. How did they ever
get to the situation? And why are you not examining
them on the program, asking that the shareholdership and the
management what went wrong? And when you're going to own
up to your dear I say commercial in confidence.
Speaker 5 (12:46):
Okay, let me talk about the poll last night. And
I know you don't talk about poles, but if they
come out okay for you, you're often happy enough to
talk about them you and you might shamee yes, you
are sure, No, I.
Speaker 7 (12:57):
Don't here you go again. You're not asking question if
you make this happen before you start. And I've never
been happy to talk about fictional polls. Our job is
to turn those poles into comfeti and we are.
Speaker 5 (13:08):
E'repe the preferred prime minister buy something like eight percent
of those polled or seven percent, and your pointers, well,
you're popular. This could be a good election for New Zealand.
First Shane Shane Jones is running around the country filling halls.
Speaker 7 (13:26):
Well, Hulen person. Unlike the rest, we're going out and
talking to auding New Zealanders at the very base all
around the country. We're packing the halls. Yes, you're right.
What's remarkable about us packing the halls? There's no media coverage.
You smell a rat, Yeah I do. It's not going
to stop us because it's the source and the cause
of our success. We're talking to all New Zealanders and
(13:48):
sharing their hopes and aspirations and our plans to help them.
Speaker 5 (13:50):
There was plenty of media coverage of you refusing to
wear the Hivers vest.
Speaker 7 (13:55):
Well, you know we don't go along with stylistic virtue
singing nonsense. We were getting on a train. Why would
you have to wear safety glasses and a helmet on
a train? Pray tell me that, or wasted money when
we should get on the job building the train line
and the rail line as fast as possible.
Speaker 5 (14:13):
Did well, I don't know about trains, but did you
throw your leader under the bus on that occasion? Did
you make him look weak?
Speaker 7 (14:20):
Well? I didn't know that he'd helmet on. But it's
not my business to start telling people that address. And
by the way, pink as a color, it is not
internationally a safe color by way of official recognition. So
the ones who were in pink were in proper colorful kickoff.
There was a danger.
Speaker 5 (14:37):
Well, Barry Soper reckoned yesterday. If there was an accident,
they would pick you out by the blue pin stripe suit. Anyhow,
once time. Look, let me carry on, let me carry.
Speaker 7 (14:46):
On another down to the south. I'm a big critical
for no all right.
Speaker 5 (14:50):
All right, let's continue on with the prospect. Heaven help
us of Chloe Swarbrick being the Minister of Finance and
a labor led coalition government.
Speaker 7 (15:03):
Look one journalist's answer this question, I said, please tell
me how long did it take for you before you
stop laughing at that suggestion? It is laughable. It tells
me about the insiduous arrogance of some people. This is
someone who ran for the biggest local government in Australasia
now mean the all Conservacy to be the mayor, and
now she's saying she should be the Prime Minister and
(15:24):
the Finance minister. Colossal arrogance when you think about it.
Couldn't even run the school tuk shop if she tried.
Speaker 5 (15:32):
Do you think Chris Hopkins's plan heading into the selection
maybe to do nothing? I mean he's already neck and
neck with national now when it comes to preferred prime Minister,
he's neck and neck with the incumbent and he's done nothing,
literally done nothing. That might he might sleep walk to victory.
Speaker 7 (15:51):
Well you might think that, but your listeners are hoping
on one thing that's going to happen. They're going to
place their trust in a party calls person. That's what's
going to say this country. I've got good news for
you and all your listeners.
Speaker 5 (16:05):
Okay, Winston Peters, thanks as always for your time. I'm
always entertaining and I'm looking forward to co hosting. I'm
not really co hosting. I'm m seeing for Shane Jones
who's doing a fundraiser at the Tapuki Rugby Club in
a couple of weeks time. And like his speeches around
the country, halls of this nation, he has packed out
the Tapuki Rugby Club rooms or the community center as well.
(16:28):
So looking forward what he has to say off the record,
if it's anything like like he is on the record.
It's going to be fun. Thanks for your time.
Speaker 7 (16:36):
Thank you, have a good day.
Speaker 1 (16:38):
The best of the country with Rubbobank.
Speaker 2 (16:41):
Choose the bank with one hundred and twenty years global
acribusiness experience.
Speaker 1 (16:45):
Grow with Rubbobank.
Speaker 5 (16:46):
It is a day for chair women today on the Country.
Very shortly Tracy Brown in Mada matter for Derry en
zed but it's Kate Ackland mid Canterbury for beef and
lamb New Zealand all the industry. Goodbye on the show today.
And Kate, even though you are a woman, you've got
the man flu. Ah.
Speaker 9 (17:06):
Yeah, I'm a little bit under the weather, Jamie. I've
been on the road for the last week doing farmer
road shows, so just enjoying a quiet day at home today.
Speaker 5 (17:15):
Did the interview on yesterday's show with the self anointed
Oracle of forestry Dennis Nielson? Make you feel any better?
Speaker 1 (17:23):
Oh?
Speaker 9 (17:23):
Look, I wasn't quite sure where he was coming from actually,
to be honest, but he was very complimentary of the
job that the farmer lobby had done, so that was
one thing. But you know, look, it's never actually been
a forestry versus sheep and beef. You know, we're quite
supportive of forestry. It's carbon farming that we've got the
(17:43):
issue with.
Speaker 5 (17:44):
See one of the sticking points I had with Dennis,
and he wasn't able to tell me the answer. I'm
not sure anyone knows the answer at this point in time.
But how many of these supposed and inverted commas carbon
forests will ever be harvested? He said, No one play
answer tree without the idea of harvesting it. I don't
buy that.
Speaker 9 (18:04):
No, Look, we know that's not true and anecdotally, and
we've got some research to back it up. There is
quite a number of forests that have been planted for
offsetting that won't be harvested. So you know that the
changes the government's proposed are a good start. We're really
concerned they're not going to go far enough. But there
is absolutely trees being planted across good quality farmland in
New Zealand that will never be harvested.
Speaker 5 (18:26):
So Dennis was saying and paying tribute to the pr
departments at Beef and Land New Zealand and also Federated Farmers.
He said, you were laying it on a bit thick
but he conceded you'd done a better job of lobbying
than the forestry industry. And the other thing that he
said is that basically your lobbying and the pr machine
has shut down the forestry industry. According to him, no
(18:47):
one is buying pine seedlings.
Speaker 9 (18:52):
Time will tell whether that's true or not. You know,
I think it's taken a little bit of wind out
of the sales the government's announcements, so that is a
good thing. But look, absolutely trees within farms can and
should continue. So it's all about getting that right tree
in the right place. As you said yesterday, forest tree
is a really important part of our export portfolio.
Speaker 5 (19:12):
Yeah, and it's struggling a bit at the moment in
terms of economic returns. Our farmers and foresters can be friends.
You've got lots of trees on your farm. Are you
going to harvest those? Some of the ones way out
the back A.
Speaker 9 (19:25):
Look, we've planted every tree on our farm with the
intention of harvesting it. So we've got about ten percent
of our property in trees and sort of those south
facing gullies and areas that aren't really productive. So we've
managed to do that and hold our stocking rates at
what it was before. So for us, it's a really
great divestification to the business without taking the good quality
(19:46):
land up.
Speaker 5 (19:47):
See Dennis says, you guys about flank them. You guys
at Beef and Lamb are saying the government hasn't gone
far enough. No one seems to be happy.
Speaker 6 (19:56):
All we do have.
Speaker 9 (19:57):
Concerns that this won't go far enough. I think it'll
still see up to a million hectares of farmland planted
in trees by twenty fifty. But look, time will tell,
and I think we're going to have to watch this
onond very closely and continue to watch it very closely.
But fundamentally, it's not the forestry. It's the ets, settings
and the off setting that is driving this. It's creating
(20:18):
that false market and that sort of incentive or subsidy
for tree planting.
Speaker 5 (20:22):
But Kate, how do we meet our emissions reduction targets
without planting pine trees? As brutal as that truth is.
Speaker 9 (20:31):
Well, there's a few parts to that. We need to
get those emissions reductions targets right. Pine trees will be
part of the answer that we actually know the technology
exists for reducing fossil fuels already for electrification. So while
people are allowed to just plant pine trees. They don't
actually need to make any any changes on things like
fossil fuels. So we are the only country in the
(20:54):
world other than Kazakhstan that allows one hundred percent off setting.
Speaker 5 (20:59):
Kate Acklan of Beef and Lamb New Zealand with us.
The other topic dejure at the moment out there is
the proposed sale of sixty five percent of the Alliance
Group to Irish meat company Dawn Meats. Does Beef and
Lamb New Zealand have an official position on this one?
Speaker 9 (21:17):
All Look, Jammie, obviously I can't comment on the specifics,
but this is a really big decision for farmer shareholders,
but for all of New Zealand. So I guess i'd
be strongly urging all of those Alliance shareholders just to
make sure that you fully read the documentation, that you
understand the implications, and just make sure that you vote,
because apathy is a real issue in a lot of
(21:38):
our farming elections, so this is one that's really critical
that people get involved in and sort of understand what's
going on and have you say.
Speaker 5 (21:46):
The problem that you have, I the red meat industry
has is your industry model is fatally flawed as it
stands at the moment.
Speaker 9 (21:54):
Well, I'm not sure if i'd call it fatally flawed.
But look, absolutely there are some structural and overcapacity issues
that will need to be dealt with, and this will
be one step, but I think we'll continue to see
some changes coming.
Speaker 5 (22:06):
Yeah, but you're fighting each other at the farm gate
to get the stock, and then you're fighting one another.
I'm talking about the meat companies here on the other
side of the world trying to market it.
Speaker 7 (22:15):
Yeah.
Speaker 9 (22:15):
Look, and obviously there are more plants then we have
lives doctor fill them and that's really not helping issues.
So there are a lot of things that need to
be dealt with absolutely.
Speaker 5 (22:26):
Yeah. Well, if Dennis Neilson has his way, he'll plant
a whole lot more pine trees. We won't have to
worry about the red meat industry. Kate Ackland, thanks for
some of your time today and good luck battling the
man flu. Women aren't meant to get the man flu,
by the way, you're meant to battle on with it.
Speaker 9 (22:43):
Well I'm trying cut on you.
Speaker 5 (22:44):
Thanks for your time.
Speaker 1 (22:46):
Thanks the best of the country with Rabobank.
Speaker 2 (22:50):
Choose the bank with a huge network of progressive farming clients.
Speaker 1 (22:53):
Rabobank the Sheep does it happen in me?
Speaker 5 (23:02):
Gooday and good morning New Zealand. I'm Jamie McKay. You're
listening to the Best of the Country. It's brought to
you by Rabobank. We're going country this morning on the
best of the Country. Up next President of Federated Farmers,
Wayne Langford and Chrishipkins, a man in the spotlight. This
week we're going to talk about the COVID Royal Commission,
but more importantly the prospect of labor heading into the
(23:26):
election with the capital gains or wealth tax. Now Rabobank
bring you the show. They're also bringing you a free
planning session a workshop. Would you like to better understand
the process of passing on control and ownership of your
farming business. It's fraught with danger, trust me on that one.
Rabobank's free one day succession workshop will improve your understanding
(23:47):
of business transition and succession, giving you the confidence to
start and progress your farm succession plan. To find out more,
go to the website rabobank dot co dot nz. On
next week's show Wednesday. In fact, I'm sure you tune
in because this guy is brilliant, alarmist, but brilliant. His
name is Michael every Every He's Rabobanks Singapore based global
(24:08):
strategists and we'll be discussing the latest geopolitical developments from
around the world and what they mean for us here
in New Zealand. Up next, Yolo, you only live once
the President of Federated Farmers, Wayne Langford.
Speaker 8 (24:23):
I'm in.
Speaker 2 (24:26):
Again the best of the country with Robobank, the bank
with local agri banking experts passionate about the future of
rural communities. Robobank.
Speaker 5 (24:36):
Let's kick off the show with the President of Federated
Farmers Wayne Yolo Langford. Wayne, flat out carving. You haven't
even had breakfast yet and it's gone midday.
Speaker 10 (24:47):
Ah, good to be Jamie. I'm sitting up in the
trigger at the back of the farm, just waiting for
the cows to arrive at their breaking and then I'll
shoot home and have some breakfast hopefully. It's been a
big morning.
Speaker 5 (24:56):
Stressful time for dairy farmers carving, even in good weather,
which you're enjoying at the moment.
Speaker 10 (25:02):
Yeah, we're going to frosty mornings in sunny day so
I can't complain about that. You're right though, you know
it is. It is pretty intense and you're just going
from one drama to the next, so just hoping that
nothing happens. I had the local contractor or the Bobby
calf truck knock over my knockover my Bobby calf pen
this morning, so that doesn't help it my dramas. But
(25:23):
that's all right, we'll work through that.
Speaker 5 (25:25):
Have you got your head around the Federated Farmer's press release,
I think it came out yesterday the so called ban
on carbon forestry doesn't go far enough to stop the
march of pines across New Zealand's productive farmland, and your
forestry spokesperson Richard Dawkins seys farmers will be feeling a
total sense of betrayal. Has he overegged that?
Speaker 10 (25:47):
Yeah, well there is a bit of that going on,
because I mean, we all remember that the Prome Miise
is standing on the Farmer Confidence Tour there in December saying, hey,
we're going to we're going to stop this full farm conversion.
And I know that there are tending to try and
do that. But when they are only banning on Class
one to five land, that's only twelve percent of the
area going into forestry. So we need to do better
(26:08):
than that. We've got two thirds of our sheep beef
country that's Class six or seven land and we need
to protect it. And so yeah, we definitely think it
needs to go further than what they've suggested.
Speaker 5 (26:20):
So what would you like to see happen?
Speaker 10 (26:24):
We need to make sure that we do cover off
those different areas of land a hek of a lot
better than we are. You know, we're not against forest
rudres a right try, right place, and all those sort
of soundbites is correct. But what we've got to stop
is making sure that we're still not seeing these four
areas of conversion across those really important parts of our land,
(26:46):
the shep beef country.
Speaker 5 (26:47):
I see Federated Farmers I EU saying massive loopholes still
remain in the Environment Select Committee's recommendations. Now, one of
these controversies was around if you'd bought a few seed
links and you see, you had the intention to plant,
you were allowed to go into the ets.
Speaker 10 (27:05):
Yeah, and that's right, that's what we are concerned about.
Theres and you know, if we knew that there was
going to be a full scales stop to the full
farming convergence and hey, yeah, maybe we could live with
one of these, one or two of these. But when
we know that, you know, this committee hasn't come back
as far as we'd like to go, and we know that,
hey maybe this isn't going to stop, then hey, it's
(27:27):
not as easy to let those go. So you're definitely
going to have to dig into some of those loop
poles to see what we're doing. And we are presenting
quite a few of those to the Minister's table very shortly,
no doubt.
Speaker 5 (27:36):
So you're happy that farmers or people can plant twenty
five percent of land class one to five and they're
probably for a lot of them, especially the good land classes.
They're not going to plant pine trees anyhow. You're saying
land class six is potentially a lottery.
Speaker 10 (27:53):
Yeah, well it's and that's the issue. And some of
that country is still a good country and is still
real important to farms and and particularly you know, we
often talk about it getting our young farmers on the land,
giving them opportunity to farm some of their land before
they move kind of up the ranks or on to
better country as well. So there is all these factors
to be considered, and we don't feel like that what's
(28:13):
come back from the Slick Committee has truly represented that
for fads and certainly they've worked that Richardawkins and the
Metal Council have been putting in.
Speaker 5 (28:20):
So I'm just trying to remember off the top of
my head how many land classes we have? Do we
stop at nine? Do we?
Speaker 8 (28:25):
Is it nine?
Speaker 5 (28:26):
Where we stop?
Speaker 7 (28:27):
Yeah?
Speaker 10 (28:27):
It's nine?
Speaker 5 (28:29):
Okay, so effectively, so effectively, And I'm playing devil's advocate here.
But you want the carbon farmers to go and plant
merely away on land class nine that is steep, erosion
prone land way out the back of beyond. Maybe it's
all right for carbon farming. It certainly has little value
for forestry.
Speaker 10 (28:47):
Yeah no, But what figurably we're saying is if it's
just for forestry, that's fine, But when you're carbon farming,
it's a completely different story. So yeah, hey, if they're
wanting to plant, harvest it for wood and that sort
of thing, that's all good. But when you plan an
atheist crewit, which is evictive what you said as a
subsidy and a poorly stalled out one, then that's not
a good place to be.
Speaker 5 (29:07):
I don't know whether you heard Dennis Neilson on the
Oracle of forestry a wee bit earlier in the week.
He said, basically, he doesn't believe any pine trees are
planted without the intention of harvesting them. I call bs
on that one. What do you reckon?
Speaker 10 (29:21):
Yeah, I would tell you that's certainly not what I've
been hearing and sent parts of the country. Of course,
where we you know, we haven't got to that point yet,
I don't think, and we're saying it. We'll see a
gloss of it come in the next decade or two,
and then we're going to have to deal with all
those problems that are associated with it.
Speaker 5 (29:36):
We talked about the farmer and the forestra Can forester
can be friends? Well, how about federated farmers in the
Labor Party can be friends? You're quoted as saying, or
feeds are that they support the Labor Party minority view
from the Select Committee hearings that a thorough review of
the ETS and carbon forestry should be undertaken. This is
(29:58):
what Damian O'Connor was banging on about.
Speaker 10 (30:02):
Oh, it's good to see when you get to two
gingers putting their head together. I man, Chippy, were you
know we're sometimes weding some sense to hither and so
and so maybe that's maybe that's what's happening there and
and yeah, ultimately, you know, not everything that that Damien
has done is wrong. We're incorrect, there is there are
some points where he's correct on at times.
Speaker 5 (30:22):
Your meeting with Chippy, I think next week will you
be raising and I'm going to raise it with them
shortly capital gains tax for farming or a wealth takes.
Speaker 10 (30:32):
Yeah, no doubt we will be talking about that. I
think we're talking about a missions targets and a few
other things as well. But I mean that's a pretty
simple and short conversation from our point of view, and
we'll be letting him know that. It'll be interesting to
see what he's coming back back with and I'll be
looking forward to hearing your see with him actually to
see what he says on it.
Speaker 5 (30:49):
Wine length and President of the Federated Farmers, thanks for
your time. At lunch time, you go and have some breakfast.
Speaker 10 (30:54):
Well do thanks, Jamie, appreciate it.
Speaker 2 (30:56):
The best of the country with Robber Bank. Choose the
bank with one hundred and twenty years global agri business experience.
Speaker 1 (31:03):
Grow with Rubber Bank.
Speaker 5 (31:04):
Achologies. Firstly, for the second appearance of this man on
news Talk said be today, not because we don't want
to talk to him, but because we have a food
chain and on news Talk sad be Mike Hosking is
at the top of it. This interview, by the way,
was scheduled about two or three weeks ago with labor
Leber leader Chris Hopkins. But Chris, you decided for the
second time this year to go on with Hosking. You
(31:24):
took a bit of a mauling over the COVID inquiry.
Why do you bother? Oh?
Speaker 8 (31:29):
Well, you know, look, Mike Costing seems to have had
me blacklisted since the election, so you know, great to
be back on his show again, and farness to me.
Speaker 4 (31:37):
Wouldn't you ask?
Speaker 8 (31:38):
He asks tough questions.
Speaker 5 (31:39):
His job, he certainly does, But wouldn't you be better
to stick with our n Z Red radio. You're going
to get an easier run there. And how many of
Hoskin's listeners would ever vote for you?
Speaker 8 (31:48):
Well, I mean, like, I think it's it's ironic, isn't
it that you know? Now we've got news'd be complaining
about me going on the show at Mike Cosking. This
morning was saved, but I wasn't publicly accountable enough, So
you know you can't with I want.
Speaker 5 (31:59):
To talk to you today about capital gains and wealth
techs and how that affects farming. But just on the
COVID inquiry, you kind of said you didn't want to
appear at the second public inquiry, the Royal Commission because
at risks subjecting you to a torrent abuse, which you got. Anyhow,
this morning on news Talk said, but why not just
simply front up for the optics of nothing else, tick
(32:21):
the box, take it on the chin and get out
of there.
Speaker 8 (32:24):
Well, I mean, I think the thing is this is
being misrepresented. You know, we have actually been interviewed by
the Royal Commission. I've been interviewed by the First Royal
Commission and the Second Royal Commission, and I've given them
over twenty pages of written question answers and at the
end of that they basically said, look, you've answered all
of the questions that we had. I've said to them,
if they've got follow up questions, I'm more than heavy
(32:45):
to answer them. So the suggestion that we're not appearing
by the Royal Commission is nonsense. The Royal Commission. We
indicate I indicated some concern to them through my representatives
about the way the public hearings were going to go,
as did other former ministers, and they have ultimate decided
that they're not going to do that, and they're not
going to do through the public hearing. So, you know,
(33:05):
I think it's a bit more complicated, a bit more
complex than it the way it's been represented.
Speaker 5 (33:08):
Yeah, but you can see the optics on this. They
look terrible for you. Judith Collins called you gutless and
hypocritical Winston Peters. Let me see what he said. The
podium of truth has now become the podium of evasion.
See if I was you and I'm not you, half
the country or more than half the country thought you
got it right up to the twenty twenty election. Why
don't you just front up to the inquiry and say, look,
(33:30):
there was no manual, there was no blueprint for this,
we did our best, we got it right, and then
we cocked it up.
Speaker 8 (33:36):
Well, I mean, of course, you know, Winston Peters is
welcome to a pear before the Royal Commission himself. He
was a minister involved in the decision making. Although I
do note that the terms of reference that his government.
The current government seat for the Royal Commission specifically excludes
their ability to question Winston Beaters over the decisions that
he was involved in, so people can draw their own
conclusions from that.
Speaker 5 (33:56):
Do you think it's fair that Jacinda and Grant Robertson
are running for the Hills. I mean they're not public
office now, but you and Asha Verel still are well.
Speaker 8 (34:05):
And you know I answer questions every day, Jamie. I'm
here answering questions from you as I might cost can
show this morning answer and questions from him. Have anyone's
got questions about COVID nineteen they want me to answer publicly.
They get the opportunity to ask me every day.
Speaker 5 (34:18):
Well, the COVID Role Commission would love to ask you
some questions. Let's move on to a capital gains or
wealth tax now. I discussed this with the Prime Minister yesterday.
You are as as aware as I am that a
capital gains tax would bring in very little initially. So
the endgame for you here has to be a wealth tax.
Speaker 8 (34:39):
Look, we haven't set out our policy. I think it's
clear that capital gains wealth taxt. Broadening the tax base
is something that the Labour Party is talking about at
the moment. One of the things that we're working through though,
is all the ins and outs of that, all of
the potential impacts that might have on different groups that
could be affected, to make sure that we design a
policy that's robust and that actually is not going to
(35:02):
have adverse consequences.
Speaker 5 (35:04):
Why did you make a captain's call when you took
over from Jacinda not to run with the capital gains tax?
What's changed your mind?
Speaker 8 (35:11):
Ultimately? I continued the existing Labor Party position. I didn't
think we were in a position to be able to
adopt a significant new policy like that that close to
the election. But we lost the election ultimately, and I
think when you lose the election, you do have to
listen to the electorate. The electorate said they were looking
for something different from us, and so now we're working
through a place.
Speaker 5 (35:28):
Are you in danger of losing the next election? Is
it electoral suicide to go to the people with a
capital gains tax? Or are you going to exempt the
family homes and only kind of go for the rich
and the farmers.
Speaker 8 (35:41):
There's a lot of stuff that we have to work through.
If we were going to announce the capital gains tax,
and so we're working through all the ins and outs
of the different options at the moment.
Speaker 5 (35:50):
Okay, how might it work from a farming point of view? Hypothetically,
come on, give me something.
Speaker 8 (35:56):
It's a fair question. And one of the things that
we've been talking a lot to farmers out and particularly
the new generation of farmers coming through, is that the
current generation of farmers have had significant capital gains and
the next generation of farmers are looking at a profile
that is very, very different to that. So if you're say,
buying your family farm off your parents, you're not going
(36:16):
to get the same capital gains that they got. And
so is that that is something that we have to
factor And it's much harder to buy a farm now
than it was forty or fifty years ago. And so
I'm very very aware of those issues for younger farmers,
for the next generation of farmers, and I don't want
to make those problems worse. And so you know that
(36:38):
is one of the things.
Speaker 5 (36:38):
Well, you're going to make it a hell of a
lot worse with the capital gains tax.
Speaker 8 (36:42):
Well, you're speculating, Jamie, and I haven't anster policy yet.
Speaker 5 (36:46):
We know you're going to go to the election with this.
Speaker 8 (36:48):
See what I've just said to you is that the
issues around you know, the next generation of farmers are
very much one of the things that we're thinking about.
And the design of any text policy that we take
to the election, I just find when.
Speaker 5 (37:00):
It comes to a capital gains or wealth tax, are
you worried that there'll be a run on the bank
In terms of the wealthier people in this country, the
wealth creators, the ones who take the risks, the ones
who have a business, the ones who employ people.
Speaker 8 (37:13):
Well, I mean I've said before, and I've said it
very clearly at the beginning of the year. One of
the things that I want to see us do as
a country is invest more in productive businesses and have
less of a focus on buying and selling residential property
on the speculative market. And so any text design that
we come up with will have that front and center.
Speaker 2 (37:34):
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with a huge network of progressive farming clients.
Speaker 5 (37:41):
Rabobank, I will out with the boars Kitten Chris Hipkins
wrapping the best of the country. Good morning. My name's
Jamie McKay each and every Saturday morning, we bring you
the best bits of our weekday show twelve to one
here on news Talk. Z'd be hope you enjoyed this
week's off or old Chippy felt a bit sorry for
(38:02):
him getting a mauling from the hosk on Thursday morning,
walked into the lions Den there. I'm going to love
you and leave you lots of good rugby and golf
on to watch this weekend. And for you farmers out there,
heads down, bumbs up, all the best you are heading
into your very very busy season. We absolutely love you
and support what you do. You're keeping the country afloat.
(38:25):
Never forget that. I'll leave you with a wee bit
of country. Corey swinded own driver.
Speaker 3 (38:31):
Anywhere every year to California and this fommi's over black California.
Speaker 1 (38:37):
Shee hav me.
Speaker 4 (38:39):
Carolina every word by hard. Didn't need no scream.
Speaker 1 (38:53):
No.
Speaker 4 (38:54):
I was raising my glass of hers sore, smiling me.
Speaker 3 (39:00):
Yeah.
Speaker 4 (39:01):
She had been down in the front by here in
the first two like there wasn't no one else in
the room.
Speaker 3 (39:08):
We were singing his Carolina tails California. Maybe she thought
for a boy for South Georgia.
Speaker 1 (39:16):
She's got the ball in the farm of her hand.
Speaker 3 (39:20):
She's a ninetiest country fan. So I got a pig,
got shaving, Sha can flip a corner. I'll drive her
anywhere Fay to California.
Speaker 4 (39:30):
When this song is over. I gotta fighter.
Speaker 3 (39:34):
She had mes Carolina U. I found her around, then
we talk till the last came over. I still see
that girl every time I gave her that song. His
(39:59):
cat Rolaida tails California. Maybe she fought for boy from
South Georgia. She's got the ball in the palm of
her hands.
Speaker 1 (40:09):
She's a ninetiest country fan.
Speaker 3 (40:12):
I gotta tack got shaving for she can clip the quarter.
I driving anywhere from here to California when this song
is over. Kind of California.
Speaker 4 (40:24):
She had met Carolaina.
Speaker 5 (40:30):
She had
Speaker 4 (40:32):
And has Carolina
The Best of the Country with Robber Bank.
Speaker 2 (00:02):
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ACRI business experience.
Speaker 1 (00:06):
Grow with Rubber Bank.
Speaker 3 (00:09):
I was down with the boys, catching up benneeon line.
Speaker 4 (00:16):
You didn't know till we walked in. It was karaoke.
She was in a circle of girls.
Speaker 3 (00:25):
She said, shower the line.
Speaker 1 (00:27):
She was leaving.
Speaker 3 (00:28):
They were daring her a kid on the mike. One
of them walked the return in name. Next thing I knew.
She was upon stag singing it's Caroline Tails, California.
Speaker 2 (00:42):
Maybe she'd bought for a boy.
Speaker 1 (00:44):
From Sir cad.
Speaker 5 (00:45):
I am good morning, New zeal And. My name is
Jamie McKay, going country on the Best of the Country.
The show was brought to you here on news Talk
said be each and every Saturday morning by Rabobank, but
growing a bit of New Zealand together. We've got a
great show lined up for you today. Stacey Wacker are
going to kick it off. Caught up with it earlier
in the week, should I say before she headed off
(01:05):
to the Women's Rugby World Cup, Not that I was
allowed to mention that in the interview. The hurdles you
have to jump through with NZRA, you don't have to
jump through any hurdles to speak to Winston Peters always
keen to front up, one of my favorite correspondents on
the country. We're going to talk to Kate Ackland, chair
of Beef and Lamb New Zealand, about carbon farming and
(01:27):
forestry taking over some of our best productive pastoral land.
Wayne Langford's the President of Federated Farmers, always entertaining on
the country and on Thursday I had the good luck,
i think, to talk to Chris Hipkins. He'd already had
a mauling from the hostue earlier on the morning. Earlier
in the morning on Newstalks edby. I didn't pick up
(01:49):
where the hostal left off, but we did discuss a
couple of key things the COVID Royal Commission and more
importantly from a farming point of view and business point
of view, the prospect of a capital game or wealth tax.
It's all on the Best of the Country, brought to
you by Rabobank.
Speaker 2 (02:07):
The best of the country with Rabobank. Choose the bank
with a huge network of progressive farming clients. Rabobank.
Speaker 5 (02:15):
She is the Beef and Lamb New Zealand ambassador or
one of them. The name is Stacy Waka and of
course Stacy is heading to a big sporting event in
England later this month. Surprise, surprise, she'll be wearing black.
But that's all I can say about that at the moment. Stacy,
I want to talk to you about your connection with
Beef and Lamb New Zealand. How did it come about?
(02:36):
Did you or do you have a farming background?
Speaker 6 (02:40):
Yeah, I was actually really cool. My agents thought of
about and they kind of reached out. And first of all,
I love beef and Lamb and I always have my
whole life growing up on a farm rurally and Ruatuki.
It's that's my hometown where my mom and dad still
currently live and love. I love going back there. It's
a nice piece for relaxing place. So we did grow
(03:00):
up on a farm. We didn't actually do the farming itself,
but we did have a lot of animals and did
small parts back there, and I loved that. I loved
growing up with those people doing like we had calves
and chickens and goats lambs, So it was fun. It
was real fun as a kid for my childhood growing up,
(03:21):
and it's cool now that I've just recently purchased my
own farm in Todunger and I get to kind of
share that with my people who come over here with
a met Well.
Speaker 5 (03:31):
How bigs your farm? If you don't mind me asking?
Speaker 6 (03:33):
Stations five and a half acres, so it's not small,
but it's not massive. So we've got three sets off addics.
At the moment, I've got five calves, two lambs, and
ten chickens, but we'll probably get more one day when
we can kind of handle the load.
Speaker 5 (03:50):
Now, does that add that Beef and Lamb New Zealand
ran with the cute little girl there, who was you?
Obviously when you were a kid, Does that bear any
resemblance to how you grew up?
Speaker 7 (04:01):
Yeah?
Speaker 6 (04:01):
One, Like I mean growing up for me, playing sport
was kind of like my fun get away from everything,
and I loved it. I'm a very competitive person, but
I did love my food. And you know, just having
that background and lifestyle is probably a reflection of who
(04:21):
I am today, which I'm really grateful for.
Speaker 5 (04:24):
You're following in some big footsteps with Beef and Lamb
New Zealand. You're an ambassador or that's your title these days, Stacy,
But I go back to the Iron Maidens, you know,
Sarah Olmer, the Everswindele Twins. More recently, Lisa Carrington, Sophie Pasco,
Sarah Walker, Eliza McCartney, some wonderful female athletes representing the brand.
Speaker 6 (04:46):
Yeah, it makes me feel a little bit catfish. I'm like, oh,
they all global stars and I'm just the rugby player
who you know, I'm grateful. I'm extremely grateful, but I
try my best to help out the team and I'm
just probably honored, I guess, to be alongside them, and
you know know that what they did for our country
(05:07):
for in their sports was absolutely amazing and it was
cool to kind of see that growing up and now
to be kind of one of them, I'm like, wow,
this is really cool.
Speaker 5 (05:18):
How important is the protein and particularly the likes of
the iron important for your diet when you're a female athlete.
Speaker 6 (05:26):
Yeah, look, it's obviously there's lots of research out there
about it, and I know, being a female, extremely active female,
that we kind of need more in our systems with
how our body works. So yeah, always have always loved meat.
You didn't really know the importance of it as a kid, though,
you know, you enjoy it because you love the taste.
But the more I've played professional sports, the more I've
(05:48):
kind of actually learnt the science behind it, and you know,
your iron levels and protein levels of what you kind
of need to feel yourself to be a better athlete
on the field. It's been a real interesting journey. But
you know, I've never studied it at school. You just
kind of learned this thing through being a high performance athlete.
And I'm real grateful and love that because we learn
lots of things playing paying sports for our country. So yeah,
(06:11):
just very lucky.
Speaker 5 (06:12):
As a beef and lamb ambassador, obviously you have to
sample some of the products. I love a good steak,
but if I had to pick one out of the
entire stable, Stacy, this is just me. I'm going with
the lamb wreck. What are you going with?
Speaker 6 (06:25):
Oh that's a hard one. I love a lamb toop,
but that's my lamb. If I had to chuse a beef,
I love this saloon cut on a steak like that's
my absolute favorite. And it has to be cooked like
I'm kind of a medium person who has to be
cooked at are really good. I'm fucking now, this is
just I shouldn't be, but I love it. I love
(06:47):
my meat.
Speaker 5 (06:48):
Last time you played in a big sporting event in
a black jersey at Eden Park and was fifteen of
you on the paddock, I've got to be so careful
what I say here, Stacey. You scored a cracker of
a try and I loved that game of rugby and
I thought you were the player of the match in
that game. Wearing a black jersey bring back fond memories
(07:09):
and are you how how much are you looking forward
to playing rugby with fourteen other women At the time
in England, I thought that.
Speaker 6 (07:19):
Was going to be my last time wearing the black
jersey with that team, just because it was cool, it
was fun, we kind of won, and I had all
these other dreams and it was like, like you said,
there was lots of moments in there where we probably
shouldn't have one, but we always found a way. And
that's what I think is special about where the black
(07:40):
jersey is. The camaraderie, the connections not only on the
field but off the field is weird all starts. So
if you fast forwards now and thinking back, oh I'm
back here again, then we've got another big pinnacle events
to prepare for I'm hugely on it. It's usually grateful.
Twenty nine years old and you know, going going again
for another tournament. It's real cool, it's real special. I'm
(08:02):
looking forward to it. I mean, England is a long
way away. We're ready. We've done all the money, we've
done everything we possibly can this year, and now we've
just got to try and take a game by game
until we get to that big final and hopefully win it.
Speaker 5 (08:16):
Stacey Waker with us, who is of course the Beef
and Lamb New Zealand ambassador. We've got lots of great
players rugby players in this country, male and female. Do
you know what I reckon, Stacy? I reckon the best
of the lot is Georgia Miller.
Speaker 8 (08:29):
What so you?
Speaker 6 (08:30):
Oh, honestly, you know what. We were just talking. We
had a training session out in the rain today and
we got absolutely flogged out on the grass then on
the bike and me and the girls are talking about it.
I think she's going to make a bit of history
of this year. She's won seventh Player of the Year already.
I honestly think she's going to be the fifteenth Player
(08:50):
of the year. I just she's that type of person.
She has so much skill flare, she's fit, fast, wrong,
she's so deceptive and so hard to tackle if you're
training it every day and it's still I still lose
half the time. But it's just I think the way
she runs is like really deceiving.
Speaker 1 (09:09):
To be there.
Speaker 6 (09:10):
My my nephew's actually just asked me today, children will
are not that fast. She actually calculates as one of
the slower ones in our team, but she looks fast
because she can hold her pace and she's extremely fit,
So I don't know what's going on there. She is
aute and absolute machine and I'm so glad she's on
(09:30):
our team and not on the opposition.
Speaker 5 (09:32):
Stacey Waker, thank you very much for your time. Good
luck in England with that big sporting event coming up
later in the month and you're wearing black. Thanks for
your time, No Ra, thank.
Speaker 6 (09:42):
You so much. Hopefully we can bring it home the best.
Speaker 2 (09:45):
Of the country with Rubbo Bank, the bank with local
agri banking experts passionate about the future of rural communities.
Speaker 5 (09:52):
Rubbo Bank, Winston Peters, New Zealand First Leader, Foreign Affairs Minister,
former Deputy Prime Minister on the show today. Lots to
talk about Winston. And I know this is only just
Scott I landed on your desk, But what are you
what's your initial thoughts on this Alliance Group deal selling
to the Irish company Dawn Meat sixty five percent of
the company for two hundred and fifty million dollars. I'm assuming,
(10:17):
with your nationalistic sort of attitude to things, you won't
like this deal.
Speaker 7 (10:22):
That a questiononal statement.
Speaker 5 (10:24):
Well, I'm not sure. You tell me, Well, just.
Speaker 7 (10:27):
Make it a questional a statement, but don't make it
both Well, it was a question, all right, it's a question, well,
I say, And as your first says, here we go again.
Remember Silver Firm's Farms that was the most fraudulent deal
where the shareholdersold denied the information, where they multiplied the
debt which were not true, and they loaded the incomes
(10:49):
which was not true, and got away with the fraud.
And I said her at the time, and here we
go again. And my concern about it, yes, I'm dramatic
concern about it because we should be looking to own
and maximize the value for our country and our economy
and for our workers the resources of New Zealand. And
this is a dem view, a serious mistake.
Speaker 5 (11:10):
Yeah, but they had Hobson's choice. They had no other choice, effectively,
because no other suitor was prepared to front up with
some money. Was either that or sell it. And the
snow buyers no, no.
Speaker 7 (11:20):
Sorry, sorry, Sell of whom's farms was a classic And
you were giving the same out argument. Now you know
what happened to time. Then your supportive National Party was
carrying on of this dance circus, and I was saying
at the time, this is a fraud of the worst sort.
Here we go again. What do you mean they've got
no option? We expect our New Zealand ownership and our
primary production which is massively supported by this government, to
(11:44):
be good managers of their resources and their industries. That's
what's gone wrong here, isn't it. So why don't we
start asking questions of them before we just came in
and let some other country own a major resource of
one of the most productive prime production economies in the
whole wide world.
Speaker 5 (12:01):
So do you think this might have problems getting past
the OIO?
Speaker 7 (12:05):
I sure hope, So yes, I do. I mean, how
are we going to make our country wealthy if we're
going to repeat this mistake where the things which we
should own down to the villages and the settlements in
the countryside, in managing it and for their own wealth,
which made a successful one time mete US number two
in the world. If we go down this pathway of
(12:26):
selling opera assets for foreign ownership sixty five percent in
this case, this is the second one. Silver Firans fins
first and here comes the alliance. How did they ever
get to the situation? And why are you not examining
them on the program, asking that the shareholdership and the
management what went wrong? And when you're going to own
up to your dear I say commercial in confidence.
Speaker 5 (12:46):
Okay, let me talk about the poll last night. And
I know you don't talk about poles, but if they
come out okay for you, you're often happy enough to
talk about them you and you might shamee yes, you
are sure, No, I.
Speaker 7 (12:57):
Don't here you go again. You're not asking question if
you make this happen before you start. And I've never
been happy to talk about fictional polls. Our job is
to turn those poles into comfeti and we are.
Speaker 5 (13:08):
E'repe the preferred prime minister buy something like eight percent
of those polled or seven percent, and your pointers, well,
you're popular. This could be a good election for New Zealand.
First Shane Shane Jones is running around the country filling halls.
Speaker 7 (13:26):
Well, Hulen person. Unlike the rest, we're going out and
talking to auding New Zealanders at the very base all
around the country. We're packing the halls. Yes, you're right.
What's remarkable about us packing the halls? There's no media coverage.
You smell a rat, Yeah I do. It's not going
to stop us because it's the source and the cause
of our success. We're talking to all New Zealanders and
(13:48):
sharing their hopes and aspirations and our plans to help them.
Speaker 5 (13:50):
There was plenty of media coverage of you refusing to
wear the Hivers vest.
Speaker 7 (13:55):
Well, you know we don't go along with stylistic virtue
singing nonsense. We were getting on a train. Why would
you have to wear safety glasses and a helmet on
a train? Pray tell me that, or wasted money when
we should get on the job building the train line
and the rail line as fast as possible.
Speaker 5 (14:13):
Did well, I don't know about trains, but did you
throw your leader under the bus on that occasion? Did
you make him look weak?
Speaker 7 (14:20):
Well? I didn't know that he'd helmet on. But it's
not my business to start telling people that address. And
by the way, pink as a color, it is not
internationally a safe color by way of official recognition. So
the ones who were in pink were in proper colorful kickoff.
There was a danger.
Speaker 5 (14:37):
Well, Barry Soper reckoned yesterday. If there was an accident,
they would pick you out by the blue pin stripe suit. Anyhow,
once time. Look, let me carry on, let me carry.
Speaker 7 (14:46):
On another down to the south. I'm a big critical
for no all right.
Speaker 5 (14:50):
All right, let's continue on with the prospect. Heaven help
us of Chloe Swarbrick being the Minister of Finance and
a labor led coalition government.
Speaker 7 (15:03):
Look one journalist's answer this question, I said, please tell
me how long did it take for you before you
stop laughing at that suggestion? It is laughable. It tells
me about the insiduous arrogance of some people. This is
someone who ran for the biggest local government in Australasia
now mean the all Conservacy to be the mayor, and
now she's saying she should be the Prime Minister and
(15:24):
the Finance minister. Colossal arrogance when you think about it.
Couldn't even run the school tuk shop if she tried.
Speaker 5 (15:32):
Do you think Chris Hopkins's plan heading into the selection
maybe to do nothing? I mean he's already neck and
neck with national now when it comes to preferred prime Minister,
he's neck and neck with the incumbent and he's done nothing,
literally done nothing. That might he might sleep walk to victory.
Speaker 7 (15:51):
Well you might think that, but your listeners are hoping
on one thing that's going to happen. They're going to
place their trust in a party calls person. That's what's
going to say this country. I've got good news for
you and all your listeners.
Speaker 5 (16:05):
Okay, Winston Peters, thanks as always for your time. I'm
always entertaining and I'm looking forward to co hosting. I'm
not really co hosting. I'm m seeing for Shane Jones
who's doing a fundraiser at the Tapuki Rugby Club in
a couple of weeks time. And like his speeches around
the country, halls of this nation, he has packed out
the Tapuki Rugby Club rooms or the community center as well.
(16:28):
So looking forward what he has to say off the record,
if it's anything like like he is on the record.
It's going to be fun. Thanks for your time.
Speaker 7 (16:36):
Thank you, have a good day.
Speaker 1 (16:38):
The best of the country with Rubbobank.
Speaker 2 (16:41):
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acribusiness experience.
Speaker 1 (16:45):
Grow with Rubbobank.
Speaker 5 (16:46):
It is a day for chair women today on the Country.
Very shortly Tracy Brown in Mada matter for Derry en
zed but it's Kate Ackland mid Canterbury for beef and
lamb New Zealand all the industry. Goodbye on the show today.
And Kate, even though you are a woman, you've got
the man flu. Ah.
Speaker 9 (17:06):
Yeah, I'm a little bit under the weather, Jamie. I've
been on the road for the last week doing farmer
road shows, so just enjoying a quiet day at home today.
Speaker 5 (17:15):
Did the interview on yesterday's show with the self anointed
Oracle of forestry Dennis Nielson? Make you feel any better?
Speaker 1 (17:23):
Oh?
Speaker 9 (17:23):
Look, I wasn't quite sure where he was coming from actually,
to be honest, but he was very complimentary of the
job that the farmer lobby had done, so that was
one thing. But you know, look, it's never actually been
a forestry versus sheep and beef. You know, we're quite
supportive of forestry. It's carbon farming that we've got the
(17:43):
issue with.
Speaker 5 (17:44):
See one of the sticking points I had with Dennis,
and he wasn't able to tell me the answer. I'm
not sure anyone knows the answer at this point in time.
But how many of these supposed and inverted commas carbon
forests will ever be harvested? He said, No one play
answer tree without the idea of harvesting it. I don't
buy that.
Speaker 9 (18:04):
No, Look, we know that's not true and anecdotally, and
we've got some research to back it up. There is
quite a number of forests that have been planted for
offsetting that won't be harvested. So you know that the
changes the government's proposed are a good start. We're really
concerned they're not going to go far enough. But there
is absolutely trees being planted across good quality farmland in
New Zealand that will never be harvested.
Speaker 5 (18:26):
So Dennis was saying and paying tribute to the pr
departments at Beef and Land New Zealand and also Federated Farmers.
He said, you were laying it on a bit thick
but he conceded you'd done a better job of lobbying
than the forestry industry. And the other thing that he
said is that basically your lobbying and the pr machine
has shut down the forestry industry. According to him, no
(18:47):
one is buying pine seedlings.
Speaker 9 (18:52):
Time will tell whether that's true or not. You know,
I think it's taken a little bit of wind out
of the sales the government's announcements, so that is a
good thing. But look, absolutely trees within farms can and
should continue. So it's all about getting that right tree
in the right place. As you said yesterday, forest tree
is a really important part of our export portfolio.
Speaker 5 (19:12):
Yeah, and it's struggling a bit at the moment in
terms of economic returns. Our farmers and foresters can be friends.
You've got lots of trees on your farm. Are you
going to harvest those? Some of the ones way out
the back A.
Speaker 9 (19:25):
Look, we've planted every tree on our farm with the
intention of harvesting it. So we've got about ten percent
of our property in trees and sort of those south
facing gullies and areas that aren't really productive. So we've
managed to do that and hold our stocking rates at
what it was before. So for us, it's a really
great divestification to the business without taking the good quality
(19:46):
land up.
Speaker 5 (19:47):
See Dennis says, you guys about flank them. You guys
at Beef and Lamb are saying the government hasn't gone
far enough. No one seems to be happy.
Speaker 6 (19:56):
All we do have.
Speaker 9 (19:57):
Concerns that this won't go far enough. I think it'll
still see up to a million hectares of farmland planted
in trees by twenty fifty. But look, time will tell,
and I think we're going to have to watch this
onond very closely and continue to watch it very closely.
But fundamentally, it's not the forestry. It's the ets, settings
and the off setting that is driving this. It's creating
(20:18):
that false market and that sort of incentive or subsidy
for tree planting.
Speaker 5 (20:22):
But Kate, how do we meet our emissions reduction targets
without planting pine trees? As brutal as that truth is.
Speaker 9 (20:31):
Well, there's a few parts to that. We need to
get those emissions reductions targets right. Pine trees will be
part of the answer that we actually know the technology
exists for reducing fossil fuels already for electrification. So while
people are allowed to just plant pine trees. They don't
actually need to make any any changes on things like
fossil fuels. So we are the only country in the
(20:54):
world other than Kazakhstan that allows one hundred percent off setting.
Speaker 5 (20:59):
Kate Acklan of Beef and Lamb New Zealand with us.
The other topic dejure at the moment out there is
the proposed sale of sixty five percent of the Alliance
Group to Irish meat company Dawn Meats. Does Beef and
Lamb New Zealand have an official position on this one?
Speaker 9 (21:17):
All Look, Jammie, obviously I can't comment on the specifics,
but this is a really big decision for farmer shareholders,
but for all of New Zealand. So I guess i'd
be strongly urging all of those Alliance shareholders just to
make sure that you fully read the documentation, that you
understand the implications, and just make sure that you vote,
because apathy is a real issue in a lot of
(21:38):
our farming elections, so this is one that's really critical
that people get involved in and sort of understand what's
going on and have you say.
Speaker 5 (21:46):
The problem that you have, I the red meat industry
has is your industry model is fatally flawed as it
stands at the moment.
Speaker 9 (21:54):
Well, I'm not sure if i'd call it fatally flawed.
But look, absolutely there are some structural and overcapacity issues
that will need to be dealt with, and this will
be one step, but I think we'll continue to see
some changes coming.
Speaker 5 (22:06):
Yeah, but you're fighting each other at the farm gate
to get the stock, and then you're fighting one another.
I'm talking about the meat companies here on the other
side of the world trying to market it.
Speaker 7 (22:15):
Yeah.
Speaker 9 (22:15):
Look, and obviously there are more plants then we have
lives doctor fill them and that's really not helping issues.
So there are a lot of things that need to
be dealt with absolutely.
Speaker 5 (22:26):
Yeah. Well, if Dennis Neilson has his way, he'll plant
a whole lot more pine trees. We won't have to
worry about the red meat industry. Kate Ackland, thanks for
some of your time today and good luck battling the
man flu. Women aren't meant to get the man flu,
by the way, you're meant to battle on with it.
Speaker 9 (22:43):
Well I'm trying cut on you.
Speaker 5 (22:44):
Thanks for your time.
Speaker 1 (22:46):
Thanks the best of the country with Rabobank.
Speaker 2 (22:50):
Choose the bank with a huge network of progressive farming clients.
Speaker 1 (22:53):
Rabobank the Sheep does it happen in me?
Speaker 5 (23:02):
Gooday and good morning New Zealand. I'm Jamie McKay. You're
listening to the Best of the Country. It's brought to
you by Rabobank. We're going country this morning on the
best of the Country. Up next President of Federated Farmers,
Wayne Langford and Chrishipkins, a man in the spotlight. This
week we're going to talk about the COVID Royal Commission,
but more importantly the prospect of labor heading into the
(23:26):
election with the capital gains or wealth tax. Now Rabobank
bring you the show. They're also bringing you a free
planning session a workshop. Would you like to better understand
the process of passing on control and ownership of your
farming business. It's fraught with danger, trust me on that one.
Rabobank's free one day succession workshop will improve your understanding
(23:47):
of business transition and succession, giving you the confidence to
start and progress your farm succession plan. To find out more,
go to the website rabobank dot co dot nz. On
next week's show Wednesday. In fact, I'm sure you tune
in because this guy is brilliant, alarmist, but brilliant. His
name is Michael every Every He's Rabobanks Singapore based global
(24:08):
strategists and we'll be discussing the latest geopolitical developments from
around the world and what they mean for us here
in New Zealand. Up next, Yolo, you only live once
the President of Federated Farmers, Wayne Langford.
Speaker 8 (24:23):
I'm in.
Speaker 2 (24:26):
Again the best of the country with Robobank, the bank
with local agri banking experts passionate about the future of
rural communities. Robobank.
Speaker 5 (24:36):
Let's kick off the show with the President of Federated
Farmers Wayne Yolo Langford. Wayne, flat out carving. You haven't
even had breakfast yet and it's gone midday.
Speaker 10 (24:47):
Ah, good to be Jamie. I'm sitting up in the
trigger at the back of the farm, just waiting for
the cows to arrive at their breaking and then I'll
shoot home and have some breakfast hopefully. It's been a
big morning.
Speaker 5 (24:56):
Stressful time for dairy farmers carving, even in good weather,
which you're enjoying at the moment.
Speaker 10 (25:02):
Yeah, we're going to frosty mornings in sunny day so
I can't complain about that. You're right though, you know
it is. It is pretty intense and you're just going
from one drama to the next, so just hoping that
nothing happens. I had the local contractor or the Bobby
calf truck knock over my knockover my Bobby calf pen
this morning, so that doesn't help it my dramas. But
(25:23):
that's all right, we'll work through that.
Speaker 5 (25:25):
Have you got your head around the Federated Farmer's press release,
I think it came out yesterday the so called ban
on carbon forestry doesn't go far enough to stop the
march of pines across New Zealand's productive farmland, and your
forestry spokesperson Richard Dawkins seys farmers will be feeling a
total sense of betrayal. Has he overegged that?
Speaker 10 (25:47):
Yeah, well there is a bit of that going on,
because I mean, we all remember that the Prome Miise
is standing on the Farmer Confidence Tour there in December saying, hey,
we're going to we're going to stop this full farm conversion.
And I know that there are tending to try and
do that. But when they are only banning on Class
one to five land, that's only twelve percent of the
area going into forestry. So we need to do better
(26:08):
than that. We've got two thirds of our sheep beef
country that's Class six or seven land and we need
to protect it. And so yeah, we definitely think it
needs to go further than what they've suggested.
Speaker 5 (26:20):
So what would you like to see happen?
Speaker 10 (26:24):
We need to make sure that we do cover off
those different areas of land a hek of a lot
better than we are. You know, we're not against forest
rudres a right try, right place, and all those sort
of soundbites is correct. But what we've got to stop
is making sure that we're still not seeing these four
areas of conversion across those really important parts of our land,
(26:46):
the shep beef country.
Speaker 5 (26:47):
I see Federated Farmers I EU saying massive loopholes still
remain in the Environment Select Committee's recommendations. Now, one of
these controversies was around if you'd bought a few seed
links and you see, you had the intention to plant,
you were allowed to go into the ets.
Speaker 10 (27:05):
Yeah, and that's right, that's what we are concerned about.
Theres and you know, if we knew that there was
going to be a full scales stop to the full
farming convergence and hey, yeah, maybe we could live with
one of these, one or two of these. But when
we know that, you know, this committee hasn't come back
as far as we'd like to go, and we know that,
hey maybe this isn't going to stop, then hey, it's
(27:27):
not as easy to let those go. So you're definitely
going to have to dig into some of those loop
poles to see what we're doing. And we are presenting
quite a few of those to the Minister's table very shortly,
no doubt.
Speaker 5 (27:36):
So you're happy that farmers or people can plant twenty
five percent of land class one to five and they're
probably for a lot of them, especially the good land classes.
They're not going to plant pine trees anyhow. You're saying
land class six is potentially a lottery.
Speaker 10 (27:53):
Yeah, well it's and that's the issue. And some of
that country is still a good country and is still
real important to farms and and particularly you know, we
often talk about it getting our young farmers on the land,
giving them opportunity to farm some of their land before
they move kind of up the ranks or on to
better country as well. So there is all these factors
to be considered, and we don't feel like that what's
(28:13):
come back from the Slick Committee has truly represented that
for fads and certainly they've worked that Richardawkins and the
Metal Council have been putting in.
Speaker 5 (28:20):
So I'm just trying to remember off the top of
my head how many land classes we have? Do we
stop at nine? Do we?
Speaker 8 (28:25):
Is it nine?
Speaker 5 (28:26):
Where we stop?
Speaker 7 (28:27):
Yeah?
Speaker 10 (28:27):
It's nine?
Speaker 5 (28:29):
Okay, so effectively, so effectively, And I'm playing devil's advocate here.
But you want the carbon farmers to go and plant
merely away on land class nine that is steep, erosion
prone land way out the back of beyond. Maybe it's
all right for carbon farming. It certainly has little value
for forestry.
Speaker 10 (28:47):
Yeah no, But what figurably we're saying is if it's
just for forestry, that's fine, But when you're carbon farming,
it's a completely different story. So yeah, hey, if they're
wanting to plant, harvest it for wood and that sort
of thing, that's all good. But when you plan an
atheist crewit, which is evictive what you said as a
subsidy and a poorly stalled out one, then that's not
a good place to be.
Speaker 5 (29:07):
I don't know whether you heard Dennis Neilson on the
Oracle of forestry a wee bit earlier in the week.
He said, basically, he doesn't believe any pine trees are
planted without the intention of harvesting them. I call bs
on that one. What do you reckon?
Speaker 10 (29:21):
Yeah, I would tell you that's certainly not what I've
been hearing and sent parts of the country. Of course,
where we you know, we haven't got to that point yet,
I don't think, and we're saying it. We'll see a
gloss of it come in the next decade or two,
and then we're going to have to deal with all
those problems that are associated with it.
Speaker 5 (29:36):
We talked about the farmer and the forestra Can forester
can be friends? Well, how about federated farmers in the
Labor Party can be friends? You're quoted as saying, or
feeds are that they support the Labor Party minority view
from the Select Committee hearings that a thorough review of
the ETS and carbon forestry should be undertaken. This is
(29:58):
what Damian O'Connor was banging on about.
Speaker 10 (30:02):
Oh, it's good to see when you get to two
gingers putting their head together. I man, Chippy, were you
know we're sometimes weding some sense to hither and so
and so maybe that's maybe that's what's happening there and
and yeah, ultimately, you know, not everything that that Damien
has done is wrong. We're incorrect, there is there are
some points where he's correct on at times.
Speaker 5 (30:22):
Your meeting with Chippy, I think next week will you
be raising and I'm going to raise it with them
shortly capital gains tax for farming or a wealth takes.
Speaker 10 (30:32):
Yeah, no doubt we will be talking about that. I
think we're talking about a missions targets and a few
other things as well. But I mean that's a pretty
simple and short conversation from our point of view, and
we'll be letting him know that. It'll be interesting to
see what he's coming back back with and I'll be
looking forward to hearing your see with him actually to
see what he says on it.
Speaker 5 (30:49):
Wine length and President of the Federated Farmers, thanks for
your time. At lunch time, you go and have some breakfast.
Speaker 10 (30:54):
Well do thanks, Jamie, appreciate it.
Speaker 2 (30:56):
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bank with one hundred and twenty years global agri business experience.
Speaker 1 (31:03):
Grow with Rubber Bank.
Speaker 5 (31:04):
Achologies. Firstly, for the second appearance of this man on
news Talk said be today, not because we don't want
to talk to him, but because we have a food
chain and on news Talk sad be Mike Hosking is
at the top of it. This interview, by the way,
was scheduled about two or three weeks ago with labor
Leber leader Chris Hopkins. But Chris, you decided for the
second time this year to go on with Hosking. You
(31:24):
took a bit of a mauling over the COVID inquiry.
Why do you bother? Oh?
Speaker 8 (31:29):
Well, you know, look, Mike Costing seems to have had
me blacklisted since the election, so you know, great to
be back on his show again, and farness to me.
Speaker 4 (31:37):
Wouldn't you ask?
Speaker 8 (31:38):
He asks tough questions.
Speaker 5 (31:39):
His job, he certainly does, But wouldn't you be better
to stick with our n Z Red radio. You're going
to get an easier run there. And how many of
Hoskin's listeners would ever vote for you?
Speaker 8 (31:48):
Well, I mean, like, I think it's it's ironic, isn't
it that you know? Now we've got news'd be complaining
about me going on the show at Mike Cosking. This
morning was saved, but I wasn't publicly accountable enough, So
you know you can't with I want.
Speaker 5 (31:59):
To talk to you today about capital gains and wealth
techs and how that affects farming. But just on the
COVID inquiry, you kind of said you didn't want to
appear at the second public inquiry, the Royal Commission because
at risks subjecting you to a torrent abuse, which you got. Anyhow,
this morning on news Talk said, but why not just
simply front up for the optics of nothing else, tick
(32:21):
the box, take it on the chin and get out
of there.
Speaker 8 (32:24):
Well, I mean, I think the thing is this is
being misrepresented. You know, we have actually been interviewed by
the Royal Commission. I've been interviewed by the First Royal
Commission and the Second Royal Commission, and I've given them
over twenty pages of written question answers and at the
end of that they basically said, look, you've answered all
of the questions that we had. I've said to them,
if they've got follow up questions, I'm more than heavy
(32:45):
to answer them. So the suggestion that we're not appearing
by the Royal Commission is nonsense. The Royal Commission. We
indicate I indicated some concern to them through my representatives
about the way the public hearings were going to go,
as did other former ministers, and they have ultimate decided
that they're not going to do that, and they're not
going to do through the public hearing. So, you know,
(33:05):
I think it's a bit more complicated, a bit more
complex than it the way it's been represented.
Speaker 5 (33:08):
Yeah, but you can see the optics on this. They
look terrible for you. Judith Collins called you gutless and
hypocritical Winston Peters. Let me see what he said. The
podium of truth has now become the podium of evasion.
See if I was you and I'm not you, half
the country or more than half the country thought you
got it right up to the twenty twenty election. Why
don't you just front up to the inquiry and say, look,
(33:30):
there was no manual, there was no blueprint for this,
we did our best, we got it right, and then
we cocked it up.
Speaker 8 (33:36):
Well, I mean, of course, you know, Winston Peters is
welcome to a pear before the Royal Commission himself. He
was a minister involved in the decision making. Although I
do note that the terms of reference that his government.
The current government seat for the Royal Commission specifically excludes
their ability to question Winston Beaters over the decisions that
he was involved in, so people can draw their own
conclusions from that.
Speaker 5 (33:56):
Do you think it's fair that Jacinda and Grant Robertson
are running for the Hills. I mean they're not public
office now, but you and Asha Verel still are well.
Speaker 8 (34:05):
And you know I answer questions every day, Jamie. I'm
here answering questions from you as I might cost can
show this morning answer and questions from him. Have anyone's
got questions about COVID nineteen they want me to answer publicly.
They get the opportunity to ask me every day.
Speaker 5 (34:18):
Well, the COVID Role Commission would love to ask you
some questions. Let's move on to a capital gains or
wealth tax now. I discussed this with the Prime Minister yesterday.
You are as as aware as I am that a
capital gains tax would bring in very little initially. So
the endgame for you here has to be a wealth tax.
Speaker 8 (34:39):
Look, we haven't set out our policy. I think it's
clear that capital gains wealth taxt. Broadening the tax base
is something that the Labour Party is talking about at
the moment. One of the things that we're working through though,
is all the ins and outs of that, all of
the potential impacts that might have on different groups that
could be affected, to make sure that we design a
policy that's robust and that actually is not going to
(35:02):
have adverse consequences.
Speaker 5 (35:04):
Why did you make a captain's call when you took
over from Jacinda not to run with the capital gains tax?
What's changed your mind?
Speaker 8 (35:11):
Ultimately? I continued the existing Labor Party position. I didn't
think we were in a position to be able to
adopt a significant new policy like that that close to
the election. But we lost the election ultimately, and I
think when you lose the election, you do have to
listen to the electorate. The electorate said they were looking
for something different from us, and so now we're working
through a place.
Speaker 5 (35:28):
Are you in danger of losing the next election? Is
it electoral suicide to go to the people with a
capital gains tax? Or are you going to exempt the
family homes and only kind of go for the rich
and the farmers.
Speaker 8 (35:41):
There's a lot of stuff that we have to work through.
If we were going to announce the capital gains tax,
and so we're working through all the ins and outs
of the different options at the moment.
Speaker 5 (35:50):
Okay, how might it work from a farming point of view? Hypothetically,
come on, give me something.
Speaker 8 (35:56):
It's a fair question. And one of the things that
we've been talking a lot to farmers out and particularly
the new generation of farmers coming through, is that the
current generation of farmers have had significant capital gains and
the next generation of farmers are looking at a profile
that is very, very different to that. So if you're say,
buying your family farm off your parents, you're not going
(36:16):
to get the same capital gains that they got. And
so is that that is something that we have to
factor And it's much harder to buy a farm now
than it was forty or fifty years ago. And so
I'm very very aware of those issues for younger farmers,
for the next generation of farmers, and I don't want
to make those problems worse. And so you know that
(36:38):
is one of the things.
Speaker 5 (36:38):
Well, you're going to make it a hell of a
lot worse with the capital gains tax.
Speaker 8 (36:42):
Well, you're speculating, Jamie, and I haven't anster policy yet.
Speaker 5 (36:46):
We know you're going to go to the election with this.
Speaker 8 (36:48):
See what I've just said to you is that the
issues around you know, the next generation of farmers are
very much one of the things that we're thinking about.
And the design of any text policy that we take
to the election, I just find when.
Speaker 5 (37:00):
It comes to a capital gains or wealth tax, are
you worried that there'll be a run on the bank
In terms of the wealthier people in this country, the
wealth creators, the ones who take the risks, the ones
who have a business, the ones who employ people.
Speaker 8 (37:13):
Well, I mean I've said before, and I've said it
very clearly at the beginning of the year. One of
the things that I want to see us do as
a country is invest more in productive businesses and have
less of a focus on buying and selling residential property
on the speculative market. And so any text design that
we come up with will have that front and center.
Speaker 2 (37:34):
The best of the country with Rabobank. Choose the bank
with a huge network of progressive farming clients.
Speaker 5 (37:41):
Rabobank, I will out with the boars Kitten Chris Hipkins
wrapping the best of the country. Good morning. My name's
Jamie McKay each and every Saturday morning, we bring you
the best bits of our weekday show twelve to one
here on news Talk. Z'd be hope you enjoyed this
week's off or old Chippy felt a bit sorry for
(38:02):
him getting a mauling from the hosk on Thursday morning,
walked into the lions Den there. I'm going to love
you and leave you lots of good rugby and golf
on to watch this weekend. And for you farmers out there,
heads down, bumbs up, all the best you are heading
into your very very busy season. We absolutely love you
and support what you do. You're keeping the country afloat.
(38:25):
Never forget that. I'll leave you with a wee bit
of country. Corey swinded own driver.
Speaker 3 (38:31):
Anywhere every year to California and this fommi's over black California.
Speaker 1 (38:37):
Shee hav me.
Speaker 4 (38:39):
Carolina every word by hard. Didn't need no scream.
Speaker 1 (38:53):
No.
Speaker 4 (38:54):
I was raising my glass of hers sore, smiling me.
Speaker 3 (39:00):
Yeah.
Speaker 4 (39:01):
She had been down in the front by here in
the first two like there wasn't no one else in
the room.
Speaker 3 (39:08):
We were singing his Carolina tails California. Maybe she thought
for a boy for South Georgia.
Speaker 1 (39:16):
She's got the ball in the farm of her hand.
Speaker 3 (39:20):
She's a ninetiest country fan. So I got a pig,
got shaving, Sha can flip a corner. I'll drive her
anywhere Fay to California.
Speaker 4 (39:30):
When this song is over. I gotta fighter.
Speaker 3 (39:34):
She had mes Carolina U. I found her around, then
we talk till the last came over. I still see
that girl every time I gave her that song. His
(39:59):
cat Rolaida tails California. Maybe she fought for boy from
South Georgia. She's got the ball in the palm of
her hands.
Speaker 1 (40:09):
She's a ninetiest country fan.
Speaker 3 (40:12):
I gotta tack got shaving for she can clip the quarter.
I driving anywhere from here to California when this song
is over. Kind of California.
Speaker 4 (40:24):
She had met Carolaina.
Speaker 5 (40:30):
She had
Speaker 4 (40:32):
And has Carolina
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