July 23, 2025 • 5 mins
Today’s Mid Canterbury-based dairy and deer farmer panel on the price of butter, and who should be paying for it?
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Speaker 1 (00:00):
It's the Deer Farmer and Dairy Farmer panel. I want
to start with you, Craig Hickman, a dairy man. You
made an interesting comment on social media I think earlier
in the week. You've got a big following and you
bang on. People need to take heed of the message
from Mark Delatour from Open Country Dairy. They've got a
new butter factory. They're going to export the whole damn lot,
(00:21):
no domestic production at all because they can make more
money exporting it. Good afternoon, Good afternoon.
Speaker 2 (00:29):
Yes, it's a bit ironic given that Nikola Willis made
such a hue and try about hauling Miles Harold C
Ponterra in for a meeting to discuss the price of
butto when you've got a new butter factory that's going
to send one hundred percent of its product oversease, that's
the biggest belief, to be honest.
Speaker 1 (00:48):
Well, Duncan Hum, you're the man behind the end zed
Farming Facebook page. You're a media man. How embarrassed were
you by Mikey Sherman breathlessly door stopping Miles Hurrell as
he was trying to make way to Parliament to be
told off by Nicholer.
Speaker 3 (01:03):
Ah, just luckily I don't watch the news to have
to endure Mickey's brainlessness. But yeah, no, actually interesting, Nichola
Willis didn't really seem to know much about butter either
or what effects.
Speaker 1 (01:17):
Which surprised me, duncan because she's a former top Fonterra executive.
I think Christopher luxon Center on a Fall's Errand.
Speaker 3 (01:25):
Yeah, interesting, isn't it like a good point that, yes,
she should understand the dynamics of what influences the butter price.
And yeah, I was probably most surprised by that.
Speaker 1 (01:36):
Hey, Craig, Craig, heck, then away you go?
Speaker 3 (01:39):
What? No?
Speaker 1 (01:39):
Way you go? No?
Speaker 2 (01:40):
I think I think the whole thing's spun out of control.
Two weeks ago Nichola will Have said to on the
radio that she was going to haul Miles Harrolyn and
get some answers, and then on Mike asking very sorely
out of that Chris Luxlin was walking it back. I
don't think will have expected the sort of scrutiny he
was she was getting over this, and it all blew
(02:02):
out up out of control and became a bit of
a pr disaster for her. But she does know full
well how butter prices are set. She's even walked back
further and said, way, actually, it's only going to be
about March, about margin things. She walked back further and
said that it was Miles had actually asked for the interview.
I think she just totally lost in disaster of her
(02:25):
own making.
Speaker 1 (02:26):
Miles didn't look my dairy man. Miles didn't look that
shuffed walking to Parliament to be scolded by Ricola.
Speaker 2 (02:34):
Why why would any CEO want to engage with the
government now after a fawting tony show like that? It
was it was an absolute embarrassment and no CEO could
have to endure that sort of ye that sort of
carry on his aswer answerable to his shareholders. And he
had these regular meetings with the government. There's there's good
(02:55):
and good faith, and Willa showed anything but good.
Speaker 1 (02:58):
Say well him and Chris Luxe and are as thick
as thieves. So it's a whole It's interesting, the whole thing.
So duncan hum, I've got to rattle through this. What
do you reckon? I think people should be I know,
butter costs a lot of money, as does cheese, and
they're a luxury item for a lot of families now,
but when you're looking at the household budget, I'd be
more concerned about insurance and rates.
Speaker 3 (03:18):
Oh absolutely, But I've one that how good is butter,
And if anyone wants to make their own butter, go
for it yourself, because you know that is what you
pay for a block of butter, to go to the
effort of making yourself as very hard. So I think
we can appreciate just the work that goes into it
and how good it is for us to actually be
(03:39):
having an our diet as a superfood. So we've got
to appreciate that. But yeah, you're right, absolutely right. Like
rates and insurance, energies the other big one in people's budgets,
and I suppose we could probably say two. A big
thing that influences the cost of all those things is
stuff like carbon taxes, emissions trading scheme and all that.
Speaker 1 (04:00):
We won't go down that that rabbit hole today. Finally,
your banks. You don't have to tell me who you're
banking with, dairy Man. Are you happy with your bank?
Speaker 2 (04:10):
Yeah, I'm very happy. I speak to my bank manager
reasonably often. He's happy. I'm happy. He even shaved a
few extra basis points off my interst rate a few
weeks ago. Because yeah, so.
Speaker 1 (04:23):
You're happy with your bank, duncan are you happy with
your bank? See, dairy man, there's no problem being happy
with because he's making that much money. The bank will
be falling over backwards to keep him happy. What about
a poor old dear farmer like you.
Speaker 3 (04:35):
Yeah, well mine's coming to see me on Monday, actually
about that. So yeah, no, I'll be hoping for some
more favorable rates, just like dry Man has. I don't
I doubt we'll get it, but the banks always do better,
I guess, But no, my.
Speaker 1 (04:51):
God, Mike Ripe with the rural banks guys, final comment
for me as a lot, they don't lend, as far
as I'm aware, much over fifty percent equity, so they
own no more than half the farm anyhow, So if
the whole thing went balley up, the banks aren't going
to be the ones out of pocket. They've got one
hundred percent guilt edged investment there. It'll be the farmers
(05:11):
that go out the other end. So I reckon. They
need to get their rates closer to housing rates, but
the reserve Bank asks them to hold more capital. Got
to go guys, thanks for being the panel today and
sorry for that texture. About going on about butter but
I just think it's a bit of a lightning ride
at the moment.
It's the Deer Farmer and Dairy Farmer panel. I want
to start with you, Craig Hickman, a dairy man. You
made an interesting comment on social media I think earlier
in the week. You've got a big following and you
bang on. People need to take heed of the message
from Mark Delatour from Open Country Dairy. They've got a
new butter factory. They're going to export the whole damn lot,
(00:21):
no domestic production at all because they can make more
money exporting it. Good afternoon, Good afternoon.
Speaker 2 (00:29):
Yes, it's a bit ironic given that Nikola Willis made
such a hue and try about hauling Miles Harold C
Ponterra in for a meeting to discuss the price of
butto when you've got a new butter factory that's going
to send one hundred percent of its product oversease, that's
the biggest belief, to be honest.
Speaker 1 (00:48):
Well, Duncan Hum, you're the man behind the end zed
Farming Facebook page. You're a media man. How embarrassed were
you by Mikey Sherman breathlessly door stopping Miles Hurrell as
he was trying to make way to Parliament to be
told off by Nicholer.
Speaker 3 (01:03):
Ah, just luckily I don't watch the news to have
to endure Mickey's brainlessness. But yeah, no, actually interesting, Nichola
Willis didn't really seem to know much about butter either
or what effects.
Speaker 1 (01:17):
Which surprised me, duncan because she's a former top Fonterra executive.
I think Christopher luxon Center on a Fall's Errand.
Speaker 3 (01:25):
Yeah, interesting, isn't it like a good point that, yes,
she should understand the dynamics of what influences the butter price.
And yeah, I was probably most surprised by that.
Speaker 1 (01:36):
Hey, Craig, Craig, heck, then away you go?
Speaker 3 (01:39):
What? No?
Speaker 1 (01:39):
Way you go? No?
Speaker 2 (01:40):
I think I think the whole thing's spun out of control.
Two weeks ago Nichola will Have said to on the
radio that she was going to haul Miles Harrolyn and
get some answers, and then on Mike asking very sorely
out of that Chris Luxlin was walking it back. I
don't think will have expected the sort of scrutiny he
was she was getting over this, and it all blew
(02:02):
out up out of control and became a bit of
a pr disaster for her. But she does know full
well how butter prices are set. She's even walked back
further and said, way, actually, it's only going to be
about March, about margin things. She walked back further and
said that it was Miles had actually asked for the interview.
I think she just totally lost in disaster of her
(02:25):
own making.
Speaker 1 (02:26):
Miles didn't look my dairy man. Miles didn't look that
shuffed walking to Parliament to be scolded by Ricola.
Speaker 2 (02:34):
Why why would any CEO want to engage with the
government now after a fawting tony show like that? It
was it was an absolute embarrassment and no CEO could
have to endure that sort of ye that sort of
carry on his aswer answerable to his shareholders. And he
had these regular meetings with the government. There's there's good
(02:55):
and good faith, and Willa showed anything but good.
Speaker 1 (02:58):
Say well him and Chris Luxe and are as thick
as thieves. So it's a whole It's interesting, the whole thing.
So duncan hum, I've got to rattle through this. What
do you reckon? I think people should be I know,
butter costs a lot of money, as does cheese, and
they're a luxury item for a lot of families now,
but when you're looking at the household budget, I'd be
more concerned about insurance and rates.
Speaker 3 (03:18):
Oh absolutely, But I've one that how good is butter,
And if anyone wants to make their own butter, go
for it yourself, because you know that is what you
pay for a block of butter, to go to the
effort of making yourself as very hard. So I think
we can appreciate just the work that goes into it
and how good it is for us to actually be
(03:39):
having an our diet as a superfood. So we've got
to appreciate that. But yeah, you're right, absolutely right. Like
rates and insurance, energies the other big one in people's budgets,
and I suppose we could probably say two. A big
thing that influences the cost of all those things is
stuff like carbon taxes, emissions trading scheme and all that.
Speaker 1 (04:00):
We won't go down that that rabbit hole today. Finally,
your banks. You don't have to tell me who you're
banking with, dairy Man. Are you happy with your bank?
Speaker 2 (04:10):
Yeah, I'm very happy. I speak to my bank manager
reasonably often. He's happy. I'm happy. He even shaved a
few extra basis points off my interst rate a few
weeks ago. Because yeah, so.
Speaker 1 (04:23):
You're happy with your bank, duncan are you happy with
your bank? See, dairy man, there's no problem being happy
with because he's making that much money. The bank will
be falling over backwards to keep him happy. What about
a poor old dear farmer like you.
Speaker 3 (04:35):
Yeah, well mine's coming to see me on Monday, actually
about that. So yeah, no, I'll be hoping for some
more favorable rates, just like dry Man has. I don't
I doubt we'll get it, but the banks always do better,
I guess, But no, my.
Speaker 1 (04:51):
God, Mike Ripe with the rural banks guys, final comment
for me as a lot, they don't lend, as far
as I'm aware, much over fifty percent equity, so they
own no more than half the farm anyhow, So if
the whole thing went balley up, the banks aren't going
to be the ones out of pocket. They've got one
hundred percent guilt edged investment there. It'll be the farmers
(05:11):
that go out the other end. So I reckon. They
need to get their rates closer to housing rates, but
the reserve Bank asks them to hold more capital. Got
to go guys, thanks for being the panel today and
sorry for that texture. About going on about butter but
I just think it's a bit of a lightning ride
at the moment.
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