June 11, 2024 • 6 mins
The Prime Minister and chief executive of Fieldays kick off the show. Luxon comments on removing agriculture from the Emissions Trading Scheme, disbanding He Waka Eke Noa, and a call for an enquiry into rural banking. Nation says the “vibe" at Fielday is "pretty good” despite a few traffic issues.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
We've got two blokes in a hurry who want to
kick off the show today. They have to be out
of here by in about five minutes. They're going to
play papers scissors rock to see who goes first. One
is the Prime Minister, who by rights should go first.
The other blokes running field days Peter Nation Away, you go, boys,
who's going first? Paper Scissors Rock?
Speaker 2 (00:18):
Three?
Speaker 1 (00:19):
All right, Pete, no, no, you one, Fair and square radioIO.
There's Peter Nation beat the Prime Minister away. But to
Tim McGraw to kick it off Day one. Good crowds today, Pete,
you're gonna have to bend down into that mic, my friend.
Speaker 3 (00:34):
Really good crowds, Jamie.
Speaker 1 (00:35):
We're really really pleased.
Speaker 3 (00:37):
We know that traffic was a bit lumpy this morning,
but you know, we're delivering big numbers of people to
this event. There's lots of people walking around and the
vibe feels pretty good.
Speaker 1 (00:48):
Yeah, traffic, as she says, she said this morning, that's
actually good news for you.
Speaker 3 (00:52):
Yeah, it is good news for us because it shows
that there's a lot of people coming. Wednesday. Always first
day people get a show.
Speaker 2 (00:58):
We need better ropes.
Speaker 3 (00:58):
Yeah, yeah, I was going to bring that up.
Speaker 1 (01:01):
Actually, but I wait, do we blame Julianne for that? No, sorry,
we're going to miss a political away. You go, it's good.
It's a good problem to have, a good problem to have. Okay,
let's chuck the Prime Minister on Peter Nation. Well done,
you and your team do a magnificent job.
Speaker 3 (01:16):
Job.
Speaker 1 (01:17):
All right, let's have a look at the issues of
the day. Yesterday you announced you're not going to bring
a egg into the etes yep, and you've kicked he
echinoa to touch praise the Lord yep.
Speaker 2 (01:27):
No. No, Look, I mean ed had broken down and
wasn't working, and we want to work with the sector
in quite a different way. And so for us, that's
the way we're going to roll. Are we going to
work with the sector rather than fight the sector?
Speaker 1 (01:39):
Federated Farmers have launched a petition putting pressure on the
government to announce an independent inquiry into rural banking. There's
a lot of people out there, not only farmers, business people,
houseover house owners who were waiting for interest rates to drop.
That's one issue, But are the banks roughting farmers and
rural borrowers.
Speaker 2 (01:58):
Well, I think we've heard it pretty loud and clear
and we've heard that over the last year or so.
So what Nikola Willison and our coalition government want to
do is actually undertake a comprehensive Select Committee inquiry around banking,
and we're gonna We're actually going to be We've sent
a letter today actually to the chairs of the Select
committees for Primary Production but also Finance and Expenditure. They
(02:20):
will jointly work on working through with the banks, their
chairs and their CEOs with a public, public inquiry. And
that's really to make sure that we've got competition, we
want to make sure customer service and importantly look at
bank profitability. So a big part of that will be
an emphasis on rural banking, of which there are consistent
concerns that I've heard over the last year and a half.
(02:40):
And so we're going to have a proper Select Committee
inquiry into banking. It'll be led by both those committees,
the Primary Production and also Finance and Expenditure.
Speaker 1 (02:50):
But is it ultimately out of your hands? Is this
a decision for Adrian or because the banks will tell
me they have to hold more capital for rural landing,
Well he's the only one who can.
Speaker 2 (03:00):
Well, yeah, we're going to get to the bottom of it,
because you know, you can look at New Zealand bank
profitability relative to Australia or the UK and the margins
and the profitability is very very good. And so we
want to make sure there's competition in the sector who
want to make sure that customer service is being delivered
appropriately to the customers. And we also want to look
at bank profitability and so the other three components in
a broad banking review, of which rural banking will be
(03:23):
a very big component of it. And that's why we've
actually asked the Primary Production Committee to work with the
Finance Expension Manage to do a review of the banks.
Speaker 1 (03:30):
We were talking to Peter Nation about the traffic this
morning and the road, so I know you got held
up in it, but it is a pleasure on and Dunedin.
We flew into Auckland last night coming down on the
freeway down here. It's fliming good. The Eastern Toll Road
and Bay a plenty magnificent. We need to build more.
Speaker 2 (03:46):
Roads like that, Oh tell me about it. Yeah, no,
we do. And I mean you can't use your bike
too well in rural New Zealand. So I mean the
bottom line is that we need to make sure we've
got a good roading network. And we've got sixty two
thousand potholes we've got to fix very quickly and shortly,
and so Simeon Brown's onto that, and then we've really
seriously got upgrade our roading network. It's how we connect
with each other. And I mean here in the Waikato.
(04:07):
It's interesting because I remember talking to a vet a
few years back and she said, because of that Waikuto Expressway,
she could do two more jobs to farm visits each
day and then she could jump on at the end
of the night and you get back to the two
little girls in the evening. So when you do good infrastructure,
it has economic, social, and environmental benefits. And that's why
we've got our fifteen roads of national significance, we've got
(04:27):
roads of regional significance, and we're determined we're going to
build a great network.
Speaker 1 (04:31):
Now, Peter as Nations giving me the evil lie over
there because you've got to go somewhere else. One more
question for you.
Speaker 2 (04:36):
But this is so much fun, mate, This is more
fun than.
Speaker 1 (04:40):
He's calling time.
Speaker 2 (04:41):
One more did he get knighted in the King's Honors? Yeah?
I can start there campaign. Ah, I reckon, we could
start there here.
Speaker 1 (04:50):
The Chinese Premier is coming, yeah, tomorrow, tomorrow, so busy day.
This is your only day at field days, I take it.
Speaker 2 (04:57):
Yeah, it is today. So I was in Auckland last night.
I wasn't willing day before. I was in Fiji and
new A last week. I'm down to Wellington tonight. I
have the Chinese Premiere in town for three three days
and then on Sunday jump on a plane with a
business delegation of thirty one heading to Japan. And a
big reason for that is because you know, we actually
need to grow the country and grow the economy, and
(05:17):
we need to get back some positivity and some ambition
and some excellence and some mojo and some hustle and
get out there in the world and make things happen,
because we've got a brilliant, kick ass country and we've
got so much potential. And I know it's tough at
the moment, but we're working hard on getting inflation under control,
getting interest rates down, getting economy growing. But long term,
we've got to grow the joint and that's what we're
(05:37):
very fixated and very excited about as well. So a
big part of it is Winston Peter's and Todd McLay
and myself and Judith Collins out and about building back
our relationships with the countries that want to buy stuff
from us. And I'm telling you, I sit down with
all the pms and the Presidence of Southeast Asia and
they love New Zealand, they love our products. But we
have been sort of sitting on our hands at home
when we need to get out in the world and
(05:58):
get things moving. So that's what we're doing.
Speaker 1 (06:00):
Prime Minister, thank you very much all your time. Well done.
He's off to Peter with Peter Nation. Give him a
big hand. He's opening the field goals.
Speaker 2 (06:06):
Well done, Sir Jamie mccott.
Speaker 1 (06:08):
Oh, thank you for stopp
We've got two blokes in a hurry who want to
kick off the show today. They have to be out
of here by in about five minutes. They're going to
play papers scissors rock to see who goes first. One
is the Prime Minister, who by rights should go first.
The other blokes running field days Peter Nation Away, you go, boys,
who's going first? Paper Scissors Rock?
Speaker 2 (00:18):
Three?
Speaker 1 (00:19):
All right, Pete, no, no, you one, Fair and square radioIO.
There's Peter Nation beat the Prime Minister away. But to
Tim McGraw to kick it off Day one. Good crowds today, Pete,
you're gonna have to bend down into that mic, my friend.
Speaker 3 (00:34):
Really good crowds, Jamie.
Speaker 1 (00:35):
We're really really pleased.
Speaker 3 (00:37):
We know that traffic was a bit lumpy this morning,
but you know, we're delivering big numbers of people to
this event. There's lots of people walking around and the
vibe feels pretty good.
Speaker 1 (00:48):
Yeah, traffic, as she says, she said this morning, that's
actually good news for you.
Speaker 3 (00:52):
Yeah, it is good news for us because it shows
that there's a lot of people coming. Wednesday. Always first
day people get a show.
Speaker 2 (00:58):
We need better ropes.
Speaker 3 (00:58):
Yeah, yeah, I was going to bring that up.
Speaker 1 (01:01):
Actually, but I wait, do we blame Julianne for that? No, sorry,
we're going to miss a political away. You go, it's good.
It's a good problem to have, a good problem to have. Okay,
let's chuck the Prime Minister on Peter Nation. Well done,
you and your team do a magnificent job.
Speaker 3 (01:16):
Job.
Speaker 1 (01:17):
All right, let's have a look at the issues of
the day. Yesterday you announced you're not going to bring
a egg into the etes yep, and you've kicked he
echinoa to touch praise the Lord yep.
Speaker 2 (01:27):
No. No, Look, I mean ed had broken down and
wasn't working, and we want to work with the sector
in quite a different way. And so for us, that's
the way we're going to roll. Are we going to
work with the sector rather than fight the sector?
Speaker 1 (01:39):
Federated Farmers have launched a petition putting pressure on the
government to announce an independent inquiry into rural banking. There's
a lot of people out there, not only farmers, business people,
houseover house owners who were waiting for interest rates to drop.
That's one issue, But are the banks roughting farmers and
rural borrowers.
Speaker 2 (01:58):
Well, I think we've heard it pretty loud and clear
and we've heard that over the last year or so.
So what Nikola Willison and our coalition government want to
do is actually undertake a comprehensive Select Committee inquiry around banking,
and we're gonna We're actually going to be We've sent
a letter today actually to the chairs of the Select
committees for Primary Production but also Finance and Expenditure. They
(02:20):
will jointly work on working through with the banks, their
chairs and their CEOs with a public, public inquiry. And
that's really to make sure that we've got competition, we
want to make sure customer service and importantly look at
bank profitability. So a big part of that will be
an emphasis on rural banking, of which there are consistent
concerns that I've heard over the last year and a half.
(02:40):
And so we're going to have a proper Select Committee
inquiry into banking. It'll be led by both those committees,
the Primary Production and also Finance and Expenditure.
Speaker 1 (02:50):
But is it ultimately out of your hands? Is this
a decision for Adrian or because the banks will tell
me they have to hold more capital for rural landing,
Well he's the only one who can.
Speaker 2 (03:00):
Well, yeah, we're going to get to the bottom of it,
because you know, you can look at New Zealand bank
profitability relative to Australia or the UK and the margins
and the profitability is very very good. And so we
want to make sure there's competition in the sector who
want to make sure that customer service is being delivered
appropriately to the customers. And we also want to look
at bank profitability and so the other three components in
a broad banking review, of which rural banking will be
(03:23):
a very big component of it. And that's why we've
actually asked the Primary Production Committee to work with the
Finance Expension Manage to do a review of the banks.
Speaker 1 (03:30):
We were talking to Peter Nation about the traffic this
morning and the road, so I know you got held
up in it, but it is a pleasure on and Dunedin.
We flew into Auckland last night coming down on the
freeway down here. It's fliming good. The Eastern Toll Road
and Bay a plenty magnificent. We need to build more.
Speaker 2 (03:46):
Roads like that, Oh tell me about it. Yeah, no,
we do. And I mean you can't use your bike
too well in rural New Zealand. So I mean the
bottom line is that we need to make sure we've
got a good roading network. And we've got sixty two
thousand potholes we've got to fix very quickly and shortly,
and so Simeon Brown's onto that, and then we've really
seriously got upgrade our roading network. It's how we connect
with each other. And I mean here in the Waikato.
(04:07):
It's interesting because I remember talking to a vet a
few years back and she said, because of that Waikuto Expressway,
she could do two more jobs to farm visits each
day and then she could jump on at the end
of the night and you get back to the two
little girls in the evening. So when you do good infrastructure,
it has economic, social, and environmental benefits. And that's why
we've got our fifteen roads of national significance, we've got
(04:27):
roads of regional significance, and we're determined we're going to
build a great network.
Speaker 1 (04:31):
Now, Peter as Nations giving me the evil lie over
there because you've got to go somewhere else. One more
question for you.
Speaker 2 (04:36):
But this is so much fun, mate, This is more
fun than.
Speaker 1 (04:40):
He's calling time.
Speaker 2 (04:41):
One more did he get knighted in the King's Honors? Yeah?
I can start there campaign. Ah, I reckon, we could
start there here.
Speaker 1 (04:50):
The Chinese Premier is coming, yeah, tomorrow, tomorrow, so busy day.
This is your only day at field days, I take it.
Speaker 2 (04:57):
Yeah, it is today. So I was in Auckland last night.
I wasn't willing day before. I was in Fiji and
new A last week. I'm down to Wellington tonight. I
have the Chinese Premiere in town for three three days
and then on Sunday jump on a plane with a
business delegation of thirty one heading to Japan. And a
big reason for that is because you know, we actually
need to grow the country and grow the economy, and
(05:17):
we need to get back some positivity and some ambition
and some excellence and some mojo and some hustle and
get out there in the world and make things happen,
because we've got a brilliant, kick ass country and we've
got so much potential. And I know it's tough at
the moment, but we're working hard on getting inflation under control,
getting interest rates down, getting economy growing. But long term,
we've got to grow the joint and that's what we're
(05:37):
very fixated and very excited about as well. So a
big part of it is Winston Peter's and Todd McLay
and myself and Judith Collins out and about building back
our relationships with the countries that want to buy stuff
from us. And I'm telling you, I sit down with
all the pms and the Presidence of Southeast Asia and
they love New Zealand, they love our products. But we
have been sort of sitting on our hands at home
when we need to get out in the world and
(05:58):
get things moving. So that's what we're doing.
Speaker 1 (06:00):
Prime Minister, thank you very much all your time. Well done.
He's off to Peter with Peter Nation. Give him a
big hand. He's opening the field goals.
Speaker 2 (06:06):
Well done, Sir Jamie mccott.
Speaker 1 (06:08):
Oh, thank you for stopp
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