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June 5, 2026 39 mins

Jamie Mackay talks to Sir David Ellis, Geoff Maber, Rachel Law, Shane Jones, and Jen Corkran. 

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Speaker 1 (00:00):
The best of the country with Rabobank.

Speaker 2 (00:02):
Choose the bank with one hundred and twenty years global
agribusiness experience.

Speaker 1 (00:06):
Grow with Rabobank.

Speaker 3 (00:14):
Shall Good Morning, New Zealand. I'm Jamie McKay. Welcome to
the best of the country, brought to you each and
every Saturday morning here on news Talk, said b by Rabobank.

(00:37):
We're growing a better New Zealand together. I love myself
a wee bit of earth, wind and fire. On a
Saturday morning, Monday morning of this week or the weeks past,
we woke up to the King's Birthday honors list. Great
to see my old maiden first cousin, Barry Soaper get
an officer of the New Zealand Order of Merit when

(00:58):
it came to agriculture. On Tuesday's show, we concentrated on
some of the leading lights who were recognized in the
King's Birthday. On his list, first up to the batter's
box or to the starter's gates in his case, Sir
David alics Arise Sir David, principle of the Tiakau stud

(01:19):
for his services to thoroughbred racing and also philanthropy. And
that was a common thread book A lot of people
who were honored the work they're doing quietly behind the
scenes by giving their hard earned money away, and good
on them. Another great story, and I can't play them
all this morning. I would love to play another old
friend of mine, Professor Keith Wood from Lincoln University, but

(01:41):
I just haven't got time. So I'm going to give
you a couple of them. Sir David Alis, as I said,
and Jeff Maber for services to agribusiness, the man behind
the Power Farm and Group established in Mourronsville in nineteen
forty eight by his father, the former Mayor of Moronsville,
Lorry Maber. Now he was recognized so with an Officer
of the New Zealand Order of Merit. And of course

(02:03):
Power Farming has now expanded into Australia and North America.
And of course the Maybor family are responsible for Mabel
the giant Cow in Morrinsville. On Tuesday show, we took
a bit of a break from the King's Birthday Honors
list to Yaran to a wonderful young woman by the
name of Rachel Law. She became just the third woman

(02:24):
in the one hundred and sixteen year history of the
New Zealand dog Trialing Champs to lift a national title
in her case the straight Hunt with a Hunterway Dog Nala.
We're also going to catch up with a dog with
a bone? Can I describe Shane Jones like that? Love
him on the country and Jen corkran out of Rabobank
with some sobering news or prospects for the strait of

(02:48):
hermus I hope the global Rabo research team based all
over the world are wrong on their reckonings. Will tell
you about that a wee bit later in the hour.
It's all on the best of the country and it's
brought to you by Rabobank and Earth, Wind and Fire.

Speaker 1 (03:11):
The best of the country with Rabobank.

Speaker 2 (03:14):
Choose the bank with one hundred and twenty years global
agribusiness experience grow with Rubbobank.

Speaker 3 (03:19):
It was great to see so many in the agriculture
and primary sector recognized in the King's Birthday honors list
over the weekend. Let's kick the show off with the
bloke who got the biggest gong. He is now, Sir
David Charles Alice. David Alice from TI rk al Stad
and David. The good thing about you is you've sort

(03:40):
of upsized your gong. You were a Companion of the
New Zealand Order of Merit. In twenty twenty you've upsized
that to a night companion. So you are, Sir David
for services to the thoroughbred industry and philanthropy. Congratulations, well deserved.

Speaker 4 (03:56):
Oh, thank you very much, Jamie.

Speaker 5 (03:58):
Ye's an honor that I really received for the whole
team that works with me, people that have been with
me for a lifetime, and there's many parts to it.

Speaker 4 (04:10):
There's my wife, who is a very.

Speaker 5 (04:12):
Important part of the business, and there's people like Mark
Walker who has worked for me since the day left school,
and many people like that that have helped make Tiakaw
Racing for success that it's been. So it's certainly not
just about me. It's about a great team that we have.

Speaker 3 (04:34):
Talk to me about the origins of the TRKL stud well.

Speaker 5 (04:38):
In nineteen seventy nine, I applied for a rural bank
loan to buy five hundred acres in the Wimi Valley,
which is just the next valley north of tiakw and
I bought this farm for two hundred and fifteen thousand
dollars and the bank manager that was with the Rural

(05:02):
Bank was a chap called Glenn Holmes, and Glenn came
out and interviewed me, And on the way home, I
thought to myself, if this guy gets this loan for
me for my first farm, I'll love him for the
rest of my life. Well he got the loan and
we've become great mates.

Speaker 3 (05:23):
So was the loan to set up a horse stud
or was it to farm other ana.

Speaker 4 (05:29):
Very much a shee can cattle farm.

Speaker 3 (05:31):
Yeah, so was the at that stage? Was the horse
racing just a side interest?

Speaker 5 (05:36):
Yes it was, And it wasn't until nineteen eighty three,
four years later that I bought Tiakaastad. In those days,
wool prices were six dollars fifty akilo and last year
a dollar fifty, this year four dollars, So it's heading
in the right direction. But Will was one of the

(06:00):
money earners in my early days and certainly paid for
all the fertilizer and that sort of thing.

Speaker 3 (06:07):
So, as we all know, and I know from personal experience,
farming in the second half of the eighties was a
bit of a tough gig under Roger nomics. Did the
horse racing stud save your bacon?

Speaker 5 (06:20):
Probably not. I was just getting into it in a
very early stage, went through some very tough times financially,
had children at boarding school, had you know, the horses
that I couldn't sell. Farm prices were just average and interest.
I was paying twenty three percent interest, and a lot

(06:43):
of people say to me today, oh, that just wouldn't
be right. Well, I tell you it was right.

Speaker 3 (06:49):
I know there's plenty of farmers know exactly that it
was right. What was the tipping point or what did
one horse make you?

Speaker 5 (06:57):
I was a number of factors. And I've had an
early horse called Distinctly Secret that I bred and own
myself in the early stages, and he would have won
a million dollars in prize money in the early nineties,

(07:18):
late nineties. So that was you know, there's a lot
of horses that have great affection with me for different reasons,
and that reason for that horse was because he was
such a great help to me at a time when
I really needed the money.

Speaker 3 (07:36):
Horse racing or owning a race horse is not for
the fainthearted, and I can tell you that from personal experience,
as a young bloke named Lashes who used to work
with me got me into a horse. I don't know
where the horse is now. It might be in a
can somewhere, David. But for everyone who's bought a race horse,
there is probably not a great percentage of them who
I wanted or am I being a bit skeptical there.

Speaker 5 (07:58):
I don't think they could be with tr our racing
if that was the case.

Speaker 3 (08:02):
I know you big into syndication of horses. I told
my sob story on the radio a few months ago,
and you sent me a text. You were kind enough
to say you had a real winner of a horse
at Tiarkau once bit and twice shy. I didn't take
you up. Should I have?

Speaker 4 (08:16):
Well, it looks like you should have. For sure it's
been a winner.

Speaker 5 (08:21):
No, hasn't raced yet, but it looks like being one
of the best horses we've got.

Speaker 3 (08:25):
Well, maybe you and I might have to have a
word about that one at field Days if there's still
an opportunity. Hey, just before I let you go, not
only did you get your night Companion of the Order
of the New Zealand Order of Merit for services to
the thoroughbred industry, also philanthropy. Tell me about some of
the stuff you've done, because I know your generosity is legendary.

Speaker 5 (08:47):
Well, we like to keep it under the radar, but
we're patrons of the Equi Potential, which is the old
riding for the disabled and Hamilton. There's lots of things
that we like doing, and we like putting back into
society and helping people that aren't so fortunate. Karen and

(09:11):
I enjoy doing that and we also have a great
deal of love for helping young people that want to
really work hard and give us their heart and soul.
And we've got the best team around us that you
could ever imagine.

Speaker 3 (09:26):
Haven't you got the New Zealand Young Farmer of the Year,
the current one as your next door.

Speaker 5 (09:30):
Neighbor, pretty much our next door neighbor. He's just down
the road, Hugh Jackson, and he's an absolute champion young
bloke doing a fantastic job of running his farm. And
the Jackson family are just legendary.

Speaker 3 (09:48):
Well one of them works for you is Mum works
for you.

Speaker 5 (09:50):
She runs my office, she's our business manager and I
wouldn't my life.

Speaker 4 (09:57):
Wouldn't be worth living without her. She's just the most
amazing person you'd never met.

Speaker 3 (10:01):
Sir David Allis from the Tiakau stud a night companion
of the New Zealand Order of Merit. Thank you so
much for your time. Looking forward to meeting you in
person at Field Days.

Speaker 1 (10:11):
Thank you very much, Jamie, the best of the country
with rubbo back.

Speaker 2 (10:16):
Choose the bank with one hundred and twenty years global
agribusiness experience.

Speaker 1 (10:20):
Grow with rubber bag.

Speaker 3 (10:21):
So here's another great story about a person recognized over
the weekend for the King's Birthday honors. Jeff Maber. Mister
Jeffrey John Maber, an officer of the New Zealand Order
of Merit. Now the Maybor family is behind Power Farming,
huge agribusiness company not only in New Zealand but also
Australia and the States. But Jeff, let me put this

(10:44):
to you. Are you most famous for making the cow maybe?
Or the giant cow on Morrinsville Good afternoon a the.

Speaker 6 (10:51):
Men, Jamie, No, I have to put that down to
my father. And my father was mayor of the local
town Morns, who wanted to put a cow forty years
before that. No money, They all said unless you had
some money, you couldn't build the cow. And the council
had no money, and we didn't have any money in
those days anyway. And in his later in life, I
lost my dad, I think it was eighteen now twenty eighteen,

(11:13):
and he said, just before he passed, he said, it
wouldn't it be nice to build a cow and leave it.
And being my dad, if you knew him, was a
bit of a character, he said, if you can have
it finished before I died, I'll pay for it, and
if I don't, you'll pay for it. So we went
half fifty to fifty, but I caught it his cow,
and that was the greatest disappointment. He missed seeing the
cow finished, but anyway, he would have loved to see.

(11:34):
At the other day.

Speaker 3 (11:35):
Well Power Farming founded by your dad, Lorrie in nineteen
forty eight. I read in a small shed in Mournsville
and as you mentioned, he was the mayor. Was he
also famous for being one of the first people to
install a rotary dairy shed.

Speaker 6 (11:49):
Yes, after studying with tractors, he physically. Then they went
farming and got involved with some pretty good guys and
they then put a rotary in I think one of
the first, if not the first, that not a thousand
cows at any one time. And this is now going
back forty to fifty years ago, so it was quite
innovation and it's in peace. My dad probably liked farming

(12:10):
more than being in the tractor business. And then from tractors,
after being in retail, then we got into the wholesale business,
which was probably more mind making. And we grew in
New Zealand, and then of course we had the opportunity
we grew Australia and then of course it's amazing over
a beer zoutz far we're pulling out of the US.
They found it quite difficult and my son Craig said, well,

(12:32):
that's an opportunity, and we talked about at the board level,
and a long story short, we started there and it
was a great pleasure. I have just come back from
the States. We had a competent the state who just
after seven years of being in the States, we delivered
five thousand Deuts tractors and on the path to ten thousand.
Is what the theme of our copperence was and that
was quite a thrill to be in the largest tractor

(12:54):
market in the world and doing pretty well.

Speaker 3 (12:57):
To be honest, the power farming group is huge, said
New Zealand, Australia, North America, generating six hundred million annually,
employing up to five hundred people, there must be never
or six hundred.

Speaker 6 (13:11):
Yeah, a starting to grow. I think we certainly the
markets are complex at the moment with tariffs and in
America obviously the last year or two have been extremely challenging.
In New Zealand as most people would know, but it's
starting to come out. Commodity prices are pretty good levels
and I think they'll stay there. And Australia is going
through its challenges with government levels, but I think that'll

(13:33):
come out over the next year or two and we
see as much opportunities for growth as anybody. We're very,
very passionate about the future of agriculture and especially in
Australia and New Zue.

Speaker 3 (13:44):
You and the Power Farm and Group have supported lots
of organizations and charities over the years. Can you highlight
a couple that are near and dear to your own heart?
Jeff Maber.

Speaker 6 (13:56):
We feel that I went to boarding schools in Hamilton
and through my wife's pressure from my wife lovely wife
physically said We've got involved with the supporting school buildings
and built the pavilion that Subbil school. Involved with charities
and in lots of different areas, et cetera. Et cetera.
I think my son sponsors why at A Rugby for

(14:18):
junior rugby in the last number of years, et cetera.
And I think we've you know, I believe we've do
a good job in the community and work within the
community which has given so much back to us.

Speaker 3 (14:29):
Fantastic. Hey, just to finish on, you mentioned before how
optimistic you were about the future of farming, agriculture the
primary sector, and I think of the protein boom that's
currently happening around the world at the moment, you'd have
to say, as farming ever looked better if only we
could get the cost side of the equation.

Speaker 6 (14:46):
Down, Jamie, I couldn't agree more. I mean, having been
business in the States over the last coming up to
nine or ten years, and they have four hundred billion,
four hundred billion US dollars are subside direct indirectly go
to farmers, and six hundred million euros go to farmers
in the EU, etc. And our farmers, you know, and

(15:09):
that's what I love about our farmers. They're resilient, they
work hard, et cetera. And my argument today these people
are long term trying to phase these subsidies out. Our
futures is just amazing. I mean there's Southeast Asia starting
to explode with people, they're leading better foods. I'm so optimistic.

(15:31):
I honestly said, here's the day and think the future
of New Zealand and farming. We need to the fundamental right.
We need a government that's stable. You know, obviously this
challenge is worldwide. But the demand for protein has never
been higher. You know, we're extremely confident from where we
are for our CEOs and our board. We see the

(15:51):
future being amazing. But don't tell me there's always speed
bumps all the way along. How we've got a feel
things that will finish. There's always ups and downs. We've
had as many ups as many as HIGs as we've
had lows in the last forty or fifty years. But
that's the nature of the business. But we love it
and we're passionate and we've got a great lot of
people and I think it's our people that have made
the difference to our business and today we are able

(16:13):
to get the best in the industry. And you know,
the people make the business. So the formula is quite.

Speaker 3 (16:18):
Easily fantastic to chat to your Jeff Maber from the
Power Farming Group recognized in the Weekend and the King's
Birthday Honors List, with Anne awarded an Officer of the
New Zealand Order of Merit. Thank you for your time, well.

Speaker 6 (16:31):
Done by day, Jamie. We'll look forward to seeing it
at the Field days.

Speaker 1 (16:33):
Cheers mate, the best of the country with Rubbo back.

Speaker 2 (16:37):
Choose the bank with one hundred and twenty years global
agribusiness experience.

Speaker 1 (16:41):
Grow with Rubbo back.

Speaker 3 (16:42):
So let's take a break from the King's Birthday Honors List,
although this young woman might be on the list in
years to come. Her name is Rachel Law. She wrote
her name into the history books by becoming just the
third woman in the one hundred and sixteen year history
of the New Zealand Dog Trialing Championships to take out
a title. Her and a dog, Nala, took out the

(17:03):
Straight Hunt. Rachel is a farm manager and teal Renui. Rachel,
how long have you been dog trialing for and farming for?
Good afternoon and thanks for your time.

Speaker 7 (17:14):
Hi, Jamie. I'm not too sure how long I've been
dog drilling for now, but quite a while. Definitely over
ten years, I'll probably yeah, definitely over ten and I've
been farming here in the king Country now thirteen years
as well a little while.

Speaker 3 (17:28):
You have a degree in agribusiness from Massi University. But
you did say to me during the commercial break that
you didn't really use that You've got a dog instead.
It's worked out well for you the.

Speaker 7 (17:40):
Dog, and it ruined my life. Yeah, I ended up
on farm instead of in an office. But yeah, it
has worked out really well. Been very very lucky with
the people in my life that have supported me with
the dogs and things and my job and everything like that.

Speaker 3 (17:54):
So tell me about your job and tell Ma Renui.

Speaker 7 (17:57):
I just run one of Treuva Johnson's farms down here.
He's owned Pepperada Farms. There's five large farms here and
I run Tamalalada which is about thirteen fifty hectares running
about eleven thousand stock units. Just deamin helps.

Speaker 3 (18:15):
You're slight, you're just cutting in and out for me. There,
stand on a chair there, Rachel.

Speaker 1 (18:19):
How do you how?

Speaker 3 (18:20):
None of You're fine? We'll continue on how do you
fit everything into a day? Because you're a champion dog trialist,
you've won the New Zealand straight Hunt title. You're running
an eleven thousand stock unit farm. But you're just a
brand new mum or just about a brand new mum
as well. You've got a nine month old baby or
young chilhold. How do you manage all that?

Speaker 7 (18:43):
Not very well, to be honest, it's a lot. But
I have a very good support crew. I've got no
very blessed and I have an opia here and cultures.
My partner's very hands on when his home, and my
crew at work have just had to learn that I'm
completely incompetent and my brain doesn't work since I've had
a baby, so I've been picking up this there. So

(19:03):
I'm just surrounded by a lot of really good people
and that's what's helped me through.

Speaker 3 (19:08):
Have you always been a high achiever a multitasker.

Speaker 7 (19:12):
I don't know about that, but I like to set
a goal and then try and see it through, so
a try. But this is a big one. I wasn't
expecting this to happen this last week.

Speaker 3 (19:23):
At the Straight Hunt. There are four disciplines of course,
and the dog trials, two heading dogs to hunt aways
sections the straight Hunt. You were the last person I
think of seven into the final. Then you took the chocolates.
How good was that?

Speaker 7 (19:39):
Yeah? It was just. I came off the course happy
because we got a really shit sheep like it was
terrible in Nala. There was nothing to do with me,
and Nala just nailed it. She pushed that sheet straight
up the hill where I didn't want to go. So
I came off the course very happy, just with the
way that my dog was working. In the fact that
we took out the title was just and added bonus.

Speaker 3 (20:00):
Really, so you've got a nine month old baby and
Nala the dog got the title for you must be
like another child.

Speaker 7 (20:09):
Now, no, she's back. What's the rest of the dogs?
I told her, if she wants me to more New Zealand,
she can move inside them.

Speaker 3 (20:18):
Narla's was it? Narla's mum won you a title as well,
a North Island title.

Speaker 7 (20:22):
Yep, Miss MANGAMINGI a couple of years ago. And Gus
my baby, he was in his first run off last
year when he was in my belly.

Speaker 3 (20:30):
What a great story just to finish on because I
got Michelle to phone you up earlier in the morning
to tee up this interview, and you did say that
you wanted to mention rural women's mental health, and I
look at your life and everything you're packing into it.
How do you cope?

Speaker 7 (20:47):
I don't. I don't really good support Crow and I
just want anyone out there to know that it's okay
to not be okay and to ask for help.

Speaker 3 (20:56):
Well that's a wonderful message on which to finish. Rachel
Law congradus the third woman in one hundred and sixteen
year history of the New Zealand Dog Trolling Championships to
take out a title along with Nala. You won the
Straight Hunt. It's been great to chat to you. I
really appreciate your time and oh you're a busy woman.

Speaker 7 (21:13):
Thanks Jenny.

Speaker 2 (21:14):
The Best of the Country with Robbobak Choose the Bank
with one hundred and twenty years global agribusiness experience, Grow
with Rubbobakkoday.

Speaker 3 (21:31):
And good Morning New Zealand. Welcome back to the Best
of the Country on an Earth's Wind and Fire Saturday morning.
Just because I can up next, Shane Jones, the self
anointed Prince of the Provinces. I caught up with him
on Thursday show. He was live at Marsden Point where
he was claiming glory for all in Sundry and basically
saving the nation an election year bit of an election

(21:53):
year photo opportunity. I put it to him. We also
discussed his role in the primary or rural primary industry
Leaders debate at field Days. More about that in the
tick and can you believe this? There was six animal
welfare complaints lodged with MPI after the Prince of the
Province has cradled a crayfish in its final hours in parliament.

(22:14):
Jen Corkran wraps it from Rabobank. We have a look
at their June Agribusiness Monthly report. Good news on the
income side of the ledger for dairy, sheep and beef.
Not such good news when it comes to the debit side,
or the costs side farm inputs, oil and freight, interest
rates and some disturbing predictions on the strait of a mouse.

(22:34):
That wraps the show. Just remember talking about that big
Rural Leaders or Rural industry Leaders debate. It's happening this
week at field Days Wednesday night at the Claudlands Events Center. Well,
Rabobank are great supporters of this. They're excited to be
donating a spot on the twenty twenty seven Rabobank Farm

(22:55):
Managers Program as a part of the Rural Industry Leaders
online auction to raise and we're all raising funds on
Wednesday night for the New Zealand Rural Support Trust. This
is a unique opportunity to develop your strategic leadership and
operational skills to grow your business while contributing to the
resilience of our rural communities. To submit your bid, visit

(23:16):
the Rural Support Trust website. Auction closes five pm Sunday,
the fourteenth of June. Now, just with that Leader's Debate,
Shane Jones is in there, Sue's Redmain, Jessica much McKay
remember her, Karen macinnulty, Ter Radar and Hamish MacKaye. What
a great night It's going to be up next the
man who will no doubt steal the show. I suspect

(23:39):
he will. Shane Jones on the Country.

Speaker 1 (23:45):
The best of the Country with Rubbobank.

Speaker 2 (23:47):
Choose the bank with one hundred and twenty years global
agribusiness experience Grow with Rubbobank.

Speaker 3 (23:52):
Kicking off the Country today live from Marsden Point, where
he's watching a shipload of diesel being unloaded. I think
is New Zealand's natural answer to the shortage of natural
gas because this man emits plenty of it. I say
that in Jess Shane Jones, Prince of the Provinces, because
when you're not at Marsden Point, you are cradling crayfish

(24:15):
in Parliament. Talk to me about the diesel.

Speaker 8 (24:17):
Hi, I'm up at Marsden Point. As you know, I
found the money to recommission one hundred million liter tank.
All of these great assets were basically degraded by Jasinda
and Meghan Woods, the worst politician from an energy perspective
ever to have existed in New Zealand. But look, we

(24:39):
do need additional storage for fuel. That ship is literally
on its way. I'm here because the recommissioning is over.
It's ready to rock and roll. I wanted to ensure
that I have a photo opportunity because we're also setting
up a special economic zone. According to my leader, after

(25:01):
we enjoy the fruits of victory at the next election,
God willing, and hey, I should deserve some of the
some of the credit for having saved a small part
of Marsden Point refinery.

Speaker 3 (25:15):
And it sounds like a photo opportunity an election year
for me. Hey, just before I forget, you are leading
one of the debating teams at Field Days next week.
At the big fundraiser for the Rural Support Trust. It's
the Rural Industry Leader's debate, and let me loock who's in?
Because do you know anything about this? Has anyone told
you you're doing this?

Speaker 8 (25:37):
I am nothing but a dutiful servant of the Caucus
of New Zealand. First, I do what I'm told. But
any opportunity to shine in front of you at any opportunity.

Speaker 3 (25:48):
Okay, you sus Redmain, who was very good in the
same debate last year, and Jessica much mackay. There's a name,
a blast from the past in one team. And I
think Karen mcinnolty's leading the other team and he's got
to radar and Hamish McKay and my offside are here
from the country, so I reckon there could be some
good barbs flying, especially between you and Karen.

Speaker 4 (26:10):
Oh yeah, don't worry about that.

Speaker 8 (26:12):
He's a bookie, as you know, cut his teeth on
calling the second or third leg of the race there
at Alice Lee or whatever's left at Tohadi Nko.

Speaker 1 (26:21):
Yeah, hopefully you turn up.

Speaker 3 (26:23):
Apparently you were asked last year, but you were a
no show.

Speaker 8 (26:27):
No no, no, no, no, no no. My wife is
dedicated several days of me at Mystery Creek, and I
want everyone to remember I found the money to help
with the irrigation and the wastewater. Not that I'll be
not that I'll be likened to wastewater when I turn
up this year for the big jamboree for the farmers
at Mystery Creek. But there was a bit of dough
needed to sort out the infrastructure, and the Prince of

(26:48):
the Provinces, the caretaker of the infrastructure fund, delivered for
you cockies there in Hamilton.

Speaker 3 (26:54):
Six animal welfare complaints have been lodged with the Ministry
of Primary Industries after as Shane Jones, that's you brought
a live crayfish to Parliament. You claimed that you were
simply cradling the crayfish in its final hours.

Speaker 8 (27:13):
I mean, what the hell's wrong with this country? Made
I get given a khub? II think I too, because
I'm the best fisheries minister that anyone can remember, way
back since nineteen eighty six.

Speaker 3 (27:23):
Pay do you do you realize that's quite a trumpy
and sort of commentary on yourself the best fisher fishing
minister ever.

Speaker 8 (27:32):
Well, I can't help but claim credit for things that
have mutted about me in dark recesses of public bars
on the South Island. And look, it just seemed to
me that it was a massive cray It was an
example of my stewardship and how I'm regarded in the
South Island. Look, I couldn't take it into parliament. Jerry
Brownie would have confiscated and consumed it. And I just

(27:55):
didn't know that a whole lot of people with nothing
better to do with start scribbling letters to MPI who
technically worked for me. Some of them do, and they
have to now investigate with and I've broken the law.
I don't think I have. And by the way, it
entertained a hell of a lot of people, both in
the media. I mean someone tried to pat It shows
how few of these woke riddle journalists understand that you

(28:19):
don't pet a crayfish. It can actually use its barbs
and bite you. It's God, bite you, pinch you. It
went in the pot, mate, and it satisfied the pole.

Speaker 6 (28:28):
Yeah.

Speaker 3 (28:29):
Well, I was going to say, I was going to
ask that question. You've answered it. Did the crayfish come
to a sticky end? Yes, it did, just a couple
to finish on. Actually, I'm going to be talking to
Jen Corchran from Rabobank shortly on the country and the
RABO research team, their international team have come out with
a rather pessimistic baseline forecast for the Strait of her

(28:49):
Moves to remain closed until September. They're also picking that
the forecast price for a barrel of oil will be
one hundred and twenty in Q three one hundred dollars
and Q four. That's bad news if that was to
come to pass.

Speaker 8 (29:04):
Yeah, Look, there's so many models and there's so much speculation.
There's two ways to respond to this issue. Are we
going to suffer a crisis of physical scarcity or is
it just going to be an ongoing price issue. We've
been told that will continue to gain access to fuel,

(29:24):
but the price is going to be the problem. And
you know as well as I do, the price does
end up destroying demand. But Mate, every time we.

Speaker 4 (29:34):
Think there's a glimmer of hope.

Speaker 8 (29:36):
Then there's a new tweet and I have to recalibrate
what we've planned on. It's not flash but you know,
we're at the end of the railway line and I
say to your cockies and the people listening, and they're
in their thousands, hundreds of thousands that we're doing everything
we can to maintain supply to New Zealand, but because
we don't have a refinery, we have few options and

(29:58):
over time we're going to have to less in our
demand on imported fuel. But in the short term we've
got to manage our way through this Fiesca.

Speaker 3 (30:07):
Have you and Onceton never thought of a bit of
a bit of nuclear power?

Speaker 8 (30:10):
Perhaps well, we took a remit to our party conference
whether or not we should explore and start a conversation
about these small, modular options for nuclear fusion. There's a
difference between fusion and fission, and we did allocate some
money about thirty million or the blessings.

Speaker 4 (30:31):
Of our cabinet.

Speaker 8 (30:33):
There's a wee initiative being pursued by a brilliant young
physicist there in Wellington and he's seeking to, I guess
bust open a new frontier of energy in New Zealand
using nuclear technology. But it's some way off. The remit
didn't actually find a great deal of traction, but it's

(30:54):
not as if we were afraid to open up the
discussion that was at our last party conference, but there
doesn't se'd be a great deal of appetite amongst garden variety.
Qis for adding nuclear technology to the options to generate
cheap energy In New Zealand.

Speaker 3 (31:10):
Shane j Oones live from Marsden Point. The greatest Minister
of Fisheries ever. He's a big, beautiful Minister of Fisheries.

Speaker 8 (31:18):
Thanks for your time, See you, buddy, Bye bye.

Speaker 1 (31:20):
The best of the country with Rabobank.

Speaker 2 (31:23):
Choose the bank with one hundred and twenty years global
agribusiness experience.

Speaker 1 (31:27):
Grow with Rubbobank.

Speaker 3 (31:28):
Every month Rabobank puts out an agri business monthly report.
I just go straight to the summary page because it
tells me all I need to know and it's all
on one page. Can't beat that. Do you know what,
Jen Corkran, who's the senior Animal proteins analyst for Rabobank,
you know what frightens me the most about this report.
You guys at Rabo Research have changed your baseline forecast

(31:52):
for the Strait of Hmuz to remain closed until September,
and you've raised your Q three and Q four oil
price forecast to one hundred and twenty and one hundred
dollars per barrel respectively. Gee, that's grim who wrote this
for you? Was it my friend Michael every the global strategist.

Speaker 9 (32:12):
Hi, Jamie, And yes, you know, we have this global
team that updates a lot of these forecasts and live
right in this world. Right So we've got Mike Everry,
who's definitely one of the key ones here and who
is one of the main people who's come up with
sort of our current baseline view, which was updated. We
sort of were hoping or or ahead of you that

(32:32):
the Straight might start to reach sort of normal opening
levels in that late May early June period, but having
hit that, Dove re evaluated and you know, the Rubber
research view now assumes this Straight is likely to remain
out of normal operation until around September. So that really
pushes things out. And I think it's just important for
us to have a view on what we think is

(32:53):
going to happen. And we hear talks of these deals
and you know, this and that and back and forward,
but actually, at the end of the day, there's no
real solution happening right now. There's still very few ships
making it through and this is where we sit, and
that will push oil prices higher as we move through
the year. If this space case kind of unfolds as
we see.

Speaker 3 (33:13):
It, well, considerably higher because last time I had a lock,
Brent Crew was trading in the nineties, I think, so
to get up to one hundred and twenty in Q
three is a bit of a concern. Let's hope, Michael
every my favorite alarmist Jen Corchran, has that wrong. Because
here's another one and this is probably a guy in Sydney,
Ben Pickton, who does your foreign exchange and interest rate forecasting.

(33:36):
You're forecasting twenty five points rate hike at the next
meeting in July. That would be no surprise.

Speaker 9 (33:45):
Yeah, no surprise for most people, I think, Jamie. And
it was really interesting to hear right that we had
that three and three split in terms of the decision
on the day, and that that was sort of vocalized out,
and it really does suggest the direction of Trevor even
within some of the commentary that came out from the
other ms after that. So I think that one's reasonably firm,

(34:05):
I guess, in terms of the potential view and unsurprising, unfortunately,
just given what is going on globally, even though we
can't control it, we're trying to kind of control that
future inflationary pressure A lot further down the road, I
think with this.

Speaker 3 (34:20):
One, more to look at on the debit side of
the ledger before we get to the good news, which
is the credit side of the ledger. Farm inputs no
surprise here. We've talked about fuel prices, fertilizer ditto. Farm
inputs across the board all have a fuel component in them.
They will stay up. Okay, that's the bad news. The
good news is when we look at the prospects for dairy,

(34:40):
beef and sheep and your agribusiness or June agribusiness monthly,
it's all pretty positive. I'll leave the dairy because it's
not your absolute area of expertise. You are the red
meat gal. Can I say that? Jen at Rabobank, you're
the expert in the field there. How good's that looking?

Speaker 9 (34:57):
It's looking good, isn't it? Jamie and I do spend
most of my our day to day sort of on
that animal protein red meat side for New Zealand, and
it's wonderful to see.

Speaker 3 (35:05):
You know.

Speaker 9 (35:05):
I think we've talked. We talked a couple of years
here and we were like, you know, six sevens and
eight's probably were some of the front line numbers that
we were speaking. I think they might have even been
a five at one point, Jamie. But you know, we're
looking at what are we looking at? Nine to tens, elevens,
tens elevens, twelves potentially into the spring and some in
terms of some of these front to farm gate price numbers,

(35:26):
And this is really good to see and it is
just showing that that there's some very strong fundamentals despite
all the missy global situation, there's some really strong fundamentals
when it comes to that supply and demand situation, and
it's very much a supply story that's kind of keeping
a floor on these prices. In the floor is pretty
high and we're actually starting to see that up tick
now as we head into the beginning of winter, so

(35:48):
more room to move I think upwards. And the fundamentals
in terms of that protein demand globally for our wonderful
products that doesn't have an ingredients list as at the
top of menus at the I think for a lot
of people.

Speaker 3 (36:01):
Yeah, we had a guy called Simon Quilty.

Speaker 8 (36:03):
Do you know him?

Speaker 3 (36:03):
He was at the Beef and Lamb New Zealand Conference
in christ Church, and he's been spouting twelve dollars in
excess of twelve dollars for lamb in excess of ten
dollars for beef for the new season. I hope he's
right on that one. Jen corkran, Hey, thanks for some
of your time. You can read more about it in
the June Agribusiness Monthly Report on the rabobank website. See

(36:24):
you at field Days, See.

Speaker 6 (36:25):
You so, Jamie.

Speaker 1 (36:27):
The best of the country with rabobank.

Speaker 2 (36:29):
Choose the bank with one hundred and twenty years global
agribusiness experience.

Speaker 1 (36:33):
Grow with Rabobank.

Speaker 3 (36:35):
Remember Jen corkran out of Rabobank wrapping the best of
the country each and every Saturday morning here on news
Talk said, be the show's brought to you by the
wonderful team at rabobank, who will be at their field
days in their normal spot. And together we're growing a
better New Zealand together. Remember, every dollar you invest with Rabobank,

(36:56):
I kid you not, is invested back into farming, the
primary sector and agriculture and matters what is driving our
nation's economy. Rabobank online savings accounts are now available for
eligible new Zealand Trust. To learn more, go to their
website Rubberbank dot co dot nz. What a great day
we've got ahead of us, and I'm talking about the rugby.

(37:18):
Here the Crusaders hosting the Blues four thirty five one
Zed Stadium, the brilliant new stadium in christ Church. And
I can't believe I'm saying this two days in a row.
Go the Crusaders. I actually want the Crusaders to win
that game. The Chiefs will tidy up the Reds and
Hamilton tonight, but the biggest act in Hamilton in the

(37:39):
next seven days will not be the Chiefs. It'll be
Field Days. We'll be there broadcasting on Wednesday, Thursday and Friday.
Really looking forward to that big fundraising debate for the
Rural Support Trust at the Claudlands Events Center on Wednesday night.
Shane Jones Heron Macinulty going head to head as the
leads of the debating team. It will be a great night.

(38:02):
Till then, take care, I'm out of here. I'm going
to leave you with arth wind and fire

Speaker 7 (39:03):
S
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