Episode Transcript
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Speaker 1 (00:00):
Catch all the latest from the land. It's The Country
Podcast with Jamie McKay. Thanks to Brent, you're specialist in
John Deere construction equipment.
Speaker 2 (00:15):
Where we are where Alfie awl a pie, I had
enough for.
Speaker 3 (00:22):
My team lay to where you are.
Speaker 4 (00:28):
Good afternoon, New Zealand, Welcome to the Country. The show's
brought to you by Brandt Going Country on the Country
on a Friday with a wee bit of jolly roll.
Thank you Michelle. She'll be in here with Rural news
a bit later. We've got sports news for you as well.
A big story out there, or one of them, is
the future of the Alliance Group, one hundred percent owned
(00:48):
farmer owned cooperative, second biggest meat processing company behind Silver
Fern Farms. But how long will it stay one hundred
percent farm our own? Not long by the looks of it.
Riley Kennedy. That are really good story on Business Desk
this morning. We'll have a look at that. Damian o'connoran
for his monthly argument. Wonder whether we can agree on
anything the Farmer Panel today. That's a good one. Emma
(01:10):
Paul twenty twenty three Young Farmer of the Year and
Sandra Faulkner, who's a Federated Farmer's Board member. One's a
sheep and beef farmer, a bit of cropping and arable.
The other one's a dairy farmer. So we'll see what
that've got in common. And if I get time, Barry's soaper.
But we're going to kick it off with Chris Brandelino
(01:31):
from NIWA. I'm based in Dunedin these days. Chris hasn't
been a great September down here. It's worse the further
south you get, and then if you go a bit
north here it's getting a wee bit dry and everyone's
looking for a wee bit of big yellow and some
grass growth. What do you got for the farmers, Well.
Speaker 5 (01:49):
We have more rain and wind. We are expecting a
really active weekend, especially Jamie the second half of the weekend,
so that would be basically late Saturday night into Sunday
in particular, and that'll be for the South Island and
that'll come in the form of a very strong wind.
We could see damaging wingas, particularly about the Canterbury high
Country and also over the higher elevations and exposed areas
(02:11):
of Atago where in Southland where we have some elevation
or a bit of funneling. So those will be areas
that we'll see some very heavy rain. In terms of
the a very heavy wind, I beg your pardon. In
terms of the rain, however, the heaviest rain over the
weekend will be along the west of the South Island.
Will be an active front, will actually be an atmosphere
river of moisture in the sky that'll be associated with
(02:33):
the front, and that'll be the fuel for heavy rain
that'll move north. We're gonna have to watch the top
of the South Island. That is one area that we'll
see heavy rain on Sunday. That rain band should move
north into the Cook Strait, maybe lower North Island, probably
Monday morning and for the day on Monday, but there
are pretty good odds Jamie, that rain band may shift
back south over the top of the South Island for
(02:56):
say later Monday to Tuesday, and if that happens, that
could be a set up for some heavy rainfall and
potentially something that may cause flooding. So nothing to be
overly alarmed about. But it is Friday, and if things
were to go downhill would be in a few days
from now, so it is very much worth same top
of the forecast to see how trying to look. But
that's on the west side, Jamie. On the eastern side,
(03:16):
that northwest one is going to be a fern wind,
so we'll see temperatures in the lower twenties on Sunday
and in eastern Canterbury Monday and Tuesday for Hawks Bay
could be easily in the low twenties. We had twenty
six point one in Rickerton I think it was Wednesday
of this week because of those fer and winds, so
eastern side mostly dry with much warmer temperatures for the
next few days, certainly Sunday, Monday and Tuesday.
Speaker 4 (03:36):
Well, Mother Night should cool her heels. Once we get
into October.
Speaker 5 (03:41):
Eventually will happen. I think, what's going on? We have
Londina right and generally, you know, people are thinking, well,
what the heck, Chris, We you know, we usually get
east or northeast winds with Londinia, and we do. But
we talked about this certainly in our seasonal climbate outlook
we issued back in September first that September would be
a month of westerly winds and that's lived up. And
what's happening. I think what's part of the equation if
(04:01):
I can steal but another it's fifteen thirty seconds here, Jamie,
is that there's been some unusual things happening above the
south pole top of the atmosphere, sudn stratospheric warming, and
that may be contributing to weather patterns that are I
guess enhancing westerly winds. So as we move into October,
we are expecting this pivot, this transition from what we
(04:24):
have seen and what we will see through the rest
of September. I e West winds that should give away
to more easterly winds, more settled weather. Look, I'm not
saying it'll happen October first or second. We are thinking
it will happen toward the end of week one start
of week two. So it looked like this would happen
toward the end of September, if I'm being honest, a
couple of weeks ago. It looks like one of those
cases where it's delayed, not denied. So more settled weather,
(04:48):
drier weather, warmer conditions. That seems to be more likely
as we get toward the end of week one and
week two of October and beyond to hear the music,
so that means my time is up.
Speaker 4 (04:58):
Yes, they we got a chrisp Brand. We bid him farewell.
Say hello to jelly Roll Michelle's I see she's gone
on to the iHeartRadio Country Top forty and this is
number one jelly Roll. I like jelly Roll in hearted
Stone up next. Yesterday a Lions Group farmer shareholder's got
the booklet explaining the deal with Dawn Meats. Riley Kennedy,
(05:23):
a young ag journo at Business Test. That a really
good piece on it. This morning, we're going to have
a look at that. Damian O'Connor yet gloves off with
the former Minister of Primary Industry. Today's Farmer Panel. Looking
forward to hearing these guys up together, Emma Paul and
Sandra Faulkner and Barry Soper if I can find him. Hey,
(05:44):
some good news also on the wall front, I noted
that and at yesterday's North Island wallsale the strong wool
indicator was up thirty one cents and I was going
to get a hold of Mark Patterson, who's over in
China at the moment. That's food chain. The HOSK cut
my lunch this morning, so I can't talk to him
(06:06):
about what he's doing in China. But that's some that's
that's some much needed break for the strong wall industry.
Still got a hell of a long way to go
because it's been nothing short of disastrous in recent years.
But I think we're at an eight year high, so
we'll take the winds when we get him up next.
(06:26):
Riley Kennedy from Business Desk and what's going to happen
with the Alliance Group?
Speaker 6 (06:31):
Why now?
Speaker 5 (06:35):
When when I fell apart?
Speaker 7 (06:38):
For why I fell apart?
Speaker 3 (06:39):
I had enough of my team.
Speaker 6 (06:45):
Everybody's got a summer and at the cane for yeah,
they hold on to and go back to your mind's
on the Carolina comes to still burning in my mind.
Speaker 4 (06:58):
One thing we do lack in the country, and my
humble opinion, is a lack of good rural journalists. We
just don't get enough coverage, or I don't reckon we do.
And I'm talking about print here, not radio. Of course,
there's some outstanding candidates there, but this man is the
exception to the rule. He's doing a great job at
Business Desk. His name is Riley Kennedy, and Riley, you've
(07:19):
written a really interesting piece on the Alliance vote which
is coming up next month, and basically for Alliance Farmer shareholders,
this is just a choice or a matter of Hobson's choice.
There is no alternative. Take it or leave it? What
do you reckon?
Speaker 8 (07:35):
Yeah, we'll thank you for your come words. But there
I can tell you that there will not be an
insolvency practitioner in this country, so they will want to
get their hands on this job. That they're basically pulling
Alliance apart, and that is a very real threat that
I think everyone needs to consider as the Dawnte falls over.
Speaker 4 (07:56):
Well, very real. That's how markwin, chair of their Lines group,
describes the threat of the processor collapsing if the proposed
deal with Dawn Meats fails. They've just run out of money,
They've run out of rope, and yesterday they sent current
Farmer shareholders the booklet. I think they have to vote
later next month. What's the feeling on the ground, because
(08:19):
I know there's a group of very high profile farmers,
well held farmers, who were maybe thinking of staging a
rare action and saving the Alliance and keeping it one
hundred percent farmer own. But are they tilting at a windmill?
Speaker 6 (08:34):
Have you.
Speaker 8 (08:35):
You know, if you've got a bit of time over
the week and you spend a good couple of hours
reading the whole booklet, which is about seventy three pages long,
it makes a good bedtime reading. Basically, the Independent report says,
good luck finding another deal period, you know, I mean
the current alliance she holds a more than entitles to
(08:56):
try and pull together another deal. I think they can
recapitalize it, then why not I mean make when I
think he said, they're opened even looking at it, but
right now they've got to go with the Dawn deal. Ultimately,
the board might think it's a good idea, you know,
to recapitalize it themselves, but the process is being run
by the bank. They're going to have to convince the
(09:17):
banks that they should basically ditch the process. To date,
we're running up against the deadline of October twenty that's
when the special meeting is and an the cargo. You're
going to have to come up with a deal quick,
convince the bank so it's a good idea and basically
restart the process.
Speaker 4 (09:34):
And we're talking, we're talking, we're talking big numbers, aren't
were door Mets have offered what two hundred and fifty
million dollars for a sixty five percent share in the business.
That's just off the top of my head. That's the numbers,
isn't it.
Speaker 8 (09:47):
Yeah, And the lines has to pay back up to
two hundred million to the bank this year, the threat
of insultancy. That's very rare, but it's not uncommon. I
mean last year suddenly I think it was probably must
have geared this week that we're at Dunkendal, you know,
watching that deal go down, that that was also the
(10:07):
same position they had to pay back the banks and
if they didn't pay back the banks and the receivers
were going to be occupying the boardroom on Monday morning.
And some would say, you know, maybe the meat industry
is better off with our lanes. You know, that is
often some people do so that, but also you do
on pride itself on it's red meat. It's a very
(10:28):
good look of one of our processes for that well, our.
Speaker 4 (10:31):
Second biggest processor behind silver Fern Farms. Exactly so effectively
that the shareholders have to vote on October the twentieth,
time is running out for an alternative offer. We're hearing,
as I say, whispers of one on the one but
as you quite rightly point out, logistically, it's going to
be very very challenging. How did a once mighty farmer
(10:53):
own one hundred percent farm our own cooperative get into
such a financial mess?
Speaker 8 (10:58):
Yeah. The the problem is with Alliance that it's run
on a banking facility that expires every twelve twelve months.
So in the twelve months I've got to pay down
all their debt and restart. And of course we all
know that the procurement for lifestock is ultra competitors at
the moment, I think that's even how Mark when described it.
(11:19):
And so when you have to pay your farmers within
two weeks, most processes will pay with them seven to
two weeks. Those seven days to two weeks, and then
you kill that live stock, but you're not getting paid
from their customer when the stock has planned. So there's
a gap of sometimes you know, a couple of months.
(11:39):
So red meat companies have to borrow the money to
tie them over until the stock essentially put on a
container and put on a boat. And when you're having
to pay a lot for stock, you're going to have
to borrow more. And it's just a just a revolving cycle.
Speaker 4 (11:57):
Really well, they are any is riley at the moment
record high red meat prices. It makes doing business as
a red meat processor even more difficult. And as you
point out, it as a red hot procurement market and
they will be scrapping over the red meat scraps. I
shouldn't say scraps because it's a brilliant product, but they're
going to be scrapping over red meat this season.
Speaker 8 (12:20):
Yeah, it is is. It just keeps getting more and
more competitive, which is a good thing. You know, you
wouldn't want it to be, particularly for farmers. You wouldn't
want it to be any other way. But it does
make it very tough red meat processes when they are
having to go out and buy the livestock and then
try and sell it in a market that is ultimately
(12:42):
demanding good prices, but their margins are being squeezed. I
think if you look at the Alliance have red Ends
been a reportt alliances debt and twenty twenty stiles of
the year that we're about to finish, it peaked at
four hundred million. When lives stop, flowers are at their
highest seed, it's going to drop down. I think three
hundred and fifty off the top of my head, but
(13:03):
you know it does put a lot of pressure on
ourvery meet companies.
Speaker 4 (13:07):
The scheme booklet went to farmers yesterday. They've got a
month to decide. They vote on October the twentieth to
pass at least half of Alliance as four thy five
hundred shareholders have to vote. I don't see that being
an issue. And then seventy five percent of them have
to vote in favor and as Mark when pointed out,
are the alternatives not looking that great? So good luck
(13:29):
to the Alliance group and good luck to the Farmer's shareholders.
Riley Kennedy from Business Desk, You keep up the good work.
Speaker 8 (13:36):
Thanks, Jeremy. Have a good weekend.
Speaker 4 (13:39):
Yes, I recommend if you want good rural journalism, subscribe
to Business Desks. I just want to put a bit
of a rider a good afternoon. Michelle. By the way,
because you're sort of a rural journalist, I didn't mean
to slag off rural journalists. I meant in our because
you know, you get to be fair. The likes of
Farmers Weekly Rural News all have good rural journals. I
(14:01):
don't mean the ones who specialize in that area I'm
talking about in our dailies, you know, like once again,
I'm HARKing back to the old days. But every provincial
newspaper would have a rural or a journalist. And I
look at some of the ODT where we're based. Sally
Raid is a really good job, but there's not many
(14:22):
around the country now. So I didn't mean to disparage
any of the rural journals who are doing a good
job in our weekly and fortnightly papers. Just get that right.
This is jeez, I've heard this before. So this is
Scott McCready featuring Hootie and the Blowfish.
Speaker 9 (14:43):
Yeah, that's right, good old nineties.
Speaker 4 (14:46):
I've just sampled. Is that what you call it when
you sample it?
Speaker 7 (14:49):
Yeah?
Speaker 10 (14:49):
Yeah normally.
Speaker 9 (14:50):
Yeah.
Speaker 4 (14:51):
This guy's got a great voice, hasn't he very relaxing?
So this is on iHeartRadio.
Speaker 9 (14:57):
It is, and they're in the top twenty.
Speaker 4 (14:59):
I think you don't have to pay anything to listen
to iHeartRadio, the Country, the Country Channel or their country
Station's very good. Up next, just because it's Friday and
I feel like an argument. Damian O'Connor, no ladle we.
Speaker 3 (15:17):
Wor cast in the Door, The Smile on her face
when she meant right off and you hear, you know,
the talk about maybe you should think about what you're
gonna do if it don't work out.
Speaker 1 (15:30):
It ain't about ever me.
Speaker 4 (15:32):
Damian O'Connor is a former Minister of Agriculture, although I
think in his days it was the Minister of Primary Industries.
These days he's Labour's trade spokesperson. Damien. I always look
forward to arguing with you on the country. But maybe
we agree, do we or do we not? On the
future of the Alliance Group. What are you hearing because
we've heard from Riley Kennedy. I know you spent some
(15:53):
time with them this week. I thought he thought he
gave a pretty good summary of where the Alliance Group
is at.
Speaker 2 (16:00):
You know, it seems as though they've got their back
to the wall. They fled this for quite some time,
went out to farmers and asked fors in capital. It
wasn't forthcoming and that didn't surprise me. And now you've
got the Irish proposal. I mean, I've always supported cooperatives.
They've been at at the heart of agricultural development, finmary
industry development across our country. But we've seen an increasing
(16:21):
number of them challenge in some of them fall over.
This is the possible scenario for Alliance. I mean, if
the farmer owners could find some money and keep it
in there in their hands and manage it into a
better space, that would be the ideal.
Speaker 4 (16:37):
Damien, They're going to have to find a hell of
a lot of money in a hell of a hurry.
Speaker 2 (16:41):
Well, it might be that there's a whole lot of
the same shareholder is actually going to get, you know,
close to four billion dollars back through dairy payout. Actually,
the meat industry and the dairy industry are intertwined. They
are not separate, and will move increasingly towards dairy beef.
I think to address to Bobby carf issue, here's an offictune,
and I think Daniel Carson quite rightfully at the last minute,
(17:03):
of course, said well, you know, why didn't take two
fifty from the payout from Fonterra and put it into
Alliance recapitalize it because many of the farmers will be
the same. Oh bollocks, there's another idea.
Speaker 4 (17:16):
I don't believe that that's that much crossover.
Speaker 2 (17:19):
Well, well, there will be into the future, and as
we integrate both. I think there will we benefit to both.
Speaker 11 (17:26):
The fact that you know, the.
Speaker 2 (17:27):
Dairy industry walked away from the Bobby car f isssue
has put it at real risk. The fact that actually
there's efficiencies in using dairy beef going forward is another positive.
So it is a bit of a visionary and a
last minute proposal. It's something that should have been talked about.
I don't think it's probably likely, but if the Irish
(17:47):
thing falls over, then there are some questions around who's
going to front with the money.
Speaker 4 (17:51):
So you're asking a well run cooperative to kind of
bankroll a poorly run cooperative.
Speaker 2 (17:59):
You know, it's the well as the farmers who are
cooperative members. I think there's value in sharing the risks
and sharing the rewards and having a long term vision.
Maybe they see the integration is wise.
Speaker 4 (18:11):
Let's have a look at yesterday's GDP number. It shocked
us all, no doubt, including the Reserve Bank. They've been
asleep at the wheel. You know how I like to
blame you for all the labor government now, hang on,
hang on, hang on. I like to blame you for
all the economic wise of the country, and most of
them are due to your lot. And you're incompetent running
in the country day man. But I think the Reserve
(18:33):
Bank has been negligent.
Speaker 2 (18:36):
You're beyond education. But anyway, coming back to this, it's
not the Reserve Bank, it's the government. They came in
to power, gave fifteen billion dollars in tax coats when
we could not afford it. There had been a lot
of expenditure. People had their hand out for help through COVID.
We in government gave that money. No one was kind
of can't remember that now, and we needed to give
(18:59):
that money for investment and infrastructure. This government pulled back
on all that investment. We knew it was going to
collapse the economy. They thought, well, that's going to reduce inflation.
Indeed it has, but that's effectively a recession. You know,
That's what we've been facing. And this is no surprise.
I suggest that the next quarter will be worse. If
you go around the country and talk to people, and
(19:21):
even though very payout and Beth and Christopher Luckson says,
it's a two tier kind of recovery. Look, the figures
from this latest announcement were that even in the primary sectors,
things are very very flat, if not going backwards. You know,
the payots will help, there's no doubt about that. But
if the economy needs does need to be you know,
(19:43):
a broader base than just relying on that.
Speaker 4 (19:45):
I know, But Damien, the Reserve Bank had a tool
at its fingertips to do something about this, and they've
been far too slow to pull the trigger. And they'll
need to pull the trigger at the next o C
meeting and they need to drop interest rates by fifty
bases points.
Speaker 2 (20:00):
Well you can go and look at the Reserve that
you can just have a look at the chaos around
the governor and the chairman and all the rest of that.
Speaker 12 (20:07):
Again, that's a governor that you appointed, Biden, no labor
appointed governor government, No, no labor appointed governor in and.
Speaker 2 (20:17):
Then they were happy, you know, to have the interest
rates up high because they want to slow down inflation
and slow down the economy. Well, it just they killed it,
they strangled it. And that's what we're dealing with at
the moment.
Speaker 4 (20:30):
Let's just finish on your mate, Benjamin Doyle. Some people
are not cut out for Parliament. I suggest that bloke
and I'm not going to call him. They there them.
I'm going to call him him because he is a bloke.
He shouldn't have been there in the first place.
Speaker 2 (20:45):
Well, look, it's a tough gig. He came in made
a couple of mistakes, so I don't think there are
too many politicians who haven't made a few mistakes. You know,
he's decided to get I'm not going to condemn him.
I'm saying that, you know, anyone who comes into Parliament
has to realize it is an environment we have, you know,
a broad set of objectives. I think he did his best,
and you know he's moved on. I think that's it.
(21:07):
I think there are other things to worry about, like
and making sure that our own farming company is doing
the right thing by its staff and by its it's animals.
Speaker 4 (21:19):
Okay, well, it looks like a bit of a segue
from you. Let's just finish on, Parmu. What are you
hearing about Jim Ward, by the way, the former manager
of Molesworth.
Speaker 2 (21:28):
Well, I have spoken to Jim. I've known him for
a long long time. Are very concerned what he's told me,
And I've spoken to Mark Leslie. He says, there's always
you know, two so the story. I appreciate that, but
you know, I want to hear more facts about the
whole process and the reasons. And we've seen other thing
your managers go from Parmu and and there are some
(21:48):
stop management issues. I am told I've had some firsthand feedback,
but I haven't been there, so you know, I'm working
on reports that there are some shocking management driven by
seen you manage as not by the people on the ground,
that have resulted in some terrible stock outcomes, and they're
just outrageous for a company that's got all the resources.
(22:09):
It's made a good profit this year and they should
be congratulated, but they need to be better than that,
and they need to look after both their staff and
their animals.
Speaker 4 (22:17):
We can agree on something. Finally, Damien O'Connor, I forgive
you for ruining the economy. Always good to chat on
the country.
Speaker 2 (22:24):
Well, if you know, if it had been us, maybe
you know, you could justifiably say that. But the truth
is we had COVID. People have forgotten about that, and
we did keep the economy going and most people around
the world so that we were one of the most
successful countries in working our way through COVID, and.
Speaker 4 (22:42):
We're paying the price now. Got to go see you later.
Speaker 11 (22:44):
See you and you hear it out of talk about.
Speaker 4 (22:48):
Maybe thank you Damien. The songs called back up Plan
Hie Ailey Zimmerman and Luke comes. Do you think Damien
had a backup plan? You don't think so. I'm a
coastra and I love it when you get stuck into Damien.
Some more feedback on the Alliance Group, And I mean
(23:10):
this was out there idea by Damien. I reckon that
somehow Fonterra should bail out the Alliance Group. Couldn't really
get what he was going on about there, and he's
a textor who probably agrees with me. Half the reason
the dairy sector grew rapidly is due to sheep. Farmers
on reasonable Land got frustrated with the red meat sector.
The last thing they want to do is buy back
(23:31):
and underperforming co op. Damien has lost the plot. What
else have we got? The dairy industry was pushed away
from the Bobby calf market. It didn't walk away. We're
going to address that subject shortly with one member of
our farmer panel who's trying to do something about it.
It's a very contentious issue, the Bobby calf issue. So
(23:54):
Emma Paul along with Sandrasandra Faulkner very shortly on that one.
I might have to read through some of these other
texts before Well, here's one. I agree National should not
have dished out tax cuts as an election bribe when
they knew the economy was in dire straits. All eyes
(24:15):
will be on Willis this coming quarter. You can fool
some of the people, some of the time rights the text,
and maybe history will judge us. Maybe we couldn't have
avoided the tax cuts. I don't know. It's an interesting one.
We'll take a break. On the other side of it.
We've got the latest I think from dry en Z
yet getting a nod their latest numbers from their econ tracker.
(24:38):
We'll have a look at that one. We'll have sports
news for you as well before the end of the hour.
Emma Paul and Sandra Faulkner, a farmer panel and if
I can track them down, Barry Soper.
Speaker 6 (24:51):
For you of me in vacuum to you.
Speaker 3 (25:00):
Can no lad on the well, her kiss in the dark,
the smell of the great marketar flame.
Speaker 4 (25:21):
So there you go. That is that's quite catchy, isn't it.
Bottle Rockets Scott McCready featuring Hooty and the Blowfish. Michelle,
that's what's his name, real name, Darius.
Speaker 9 (25:32):
Ruckers, rut Or Ruckers.
Speaker 4 (25:35):
Now I'm going with Rutger. Okay, we'll look anyhow. Hooty
and the Blowfish. Yeah he did it. He did a
very didn't he do the original of wagon Wheel?
Speaker 3 (25:47):
Yes? He did it.
Speaker 4 (25:49):
Well, I'm I'm useful on occasions, although not everyone thinks that.
I see I didn't get all the texts on my
side of the desk. Michelle's got a flash of laptop
than I have, and she said, someone's Damien's running rings
around me. Look, I just want to fact check Damien
much as I love arguing with And we were talking
about Adrian Orr, and I quite rightly pointed out to
(26:11):
him that Adrian Orr was a labor appointment, So I
got you to check it out. He was appointed on
March twenty seventh or twenty something in twenty eighteen. Guess
who was the prime minister and running the country then, Jasinda.
He was reappointed five years later on March the twenty seventh,
(26:32):
twenty twenty three. Guess who was the prime minister and
running the country then? Chippy was Jasindra had run for
the hills. How he can say that Adrian Or was
not a labor appointment is beyond me. Here's Michelle with
the latest and rural.
Speaker 1 (26:47):
News, the country's world news with Could Cadet, New Zealand's
leading right on lawn Bower Brand. Visit steel Ford dot
co dot Nz for your locals.
Speaker 10 (26:56):
Douggists.
Speaker 9 (26:58):
It's latest e contract update shows the sector is in
a relatively stable position, with strong milk price payout forecast
continuing to offset ongoing high farm costs. The break even
milk price has been revised to eight dollars sixty six
kilows per milk, solid, up slightly from last season's eight
dollars forty five, but little change from darien Z's dune forecast.
(27:19):
The predicted average payout also remains steady at ten dollars
thirty peri kilo of milk solids. Darienz, head of Economics
Mark's story says, the update reinforces the fact that current
market fundamentals remain stable and that's real Newshon.
Speaker 4 (27:32):
Yeah, it's interesting. It's interesting that darien Z saying that
the forecast payout is ten dollars thirty. That's certainly above
the futures market. And of course next week on Thursday,
we've got Fonterra's annual results and we'll find out what
the payout is for the twenty four to twenty five season.
It looks pretty much like ten dollars fifteen is locked
(27:53):
and loaded of more entrance interest will be the guidance
for the twenty five twenty six season. So that Sriril News.
Let's do some sport.
Speaker 1 (28:05):
Sport with AFCO. Visit them online at AFCO dot co
dot nzed.
Speaker 4 (28:09):
And I love this story because their twelve thirty news
bulletin was a bit wicket like a week short bulletin
for twelve thirty it's pretty boring, so I want to
go back to one that was mentioned at the top
of the hour. Today marks the silver anniversary, yes, twenty
five years since a moment which captivated the world at
(28:30):
the Sydney Olympic Aquatic Center. Eric the El Mousimbarani of
Equatorial Guinea mesmerized the games fans by participating in the one
hundred metres freestyle despite having only ever trained in a
thirteen meter hotel Paul He dog paddled to the wall
in one minute in fifty two seconds. And I know
(28:52):
you're a keen swimmer. You'd easily beat that, wouldn't you.
Speaker 9 (28:56):
Actually one minute fifty two too bad for us?
Speaker 4 (28:59):
She's I could just about beat that.
Speaker 9 (29:02):
Is that for one hundred meters?
Speaker 10 (29:03):
Is that?
Speaker 4 (29:03):
What it was? Twice? Is slow? I mean good swimmers
are in the fifties.
Speaker 9 (29:06):
No, yeah, well as a high end age grouper and triathlon,
so one fifty two is actually slightly present average.
Speaker 4 (29:14):
Sorry, well he did well. He swam very well then
if he dog paddled because he dog paddled to the
wall and one minute fifty two seconds about sixty four
seconds outside the then world record, but won a legiend
of fans as a part of the Olympic solidarity program.
And of course we had Eric the yel and what
was the other one in the Winter Olympics.
Speaker 9 (29:34):
Eat the Eagle If you haven't seen that movie.
Speaker 4 (29:37):
It's fantastic. That's what sport is all about.
Speaker 9 (29:42):
I've just got a bit of a correction here too, Jamie.
For us, we don't get corrected, well, you don't.
Speaker 4 (29:46):
Get corrected very often. What do you say wrong?
Speaker 9 (29:48):
So apparently us agreeing that wagon wheel was originally by
Darris Rutgers or Rutger. We haven't I haven't looked that
one up yet, but it wasn't Actually Old Crome Medicine
showed it it first. Hmmm, So thank you text for
bringing that up.
Speaker 4 (30:03):
Well, I don't know, we'll have a look at that one.
We might go back and have a DRS on that one.
I think up next Today's Farmer Panel and we're going
to have a look at that Bobby carf issue. It
is Sandra Faulkner and Emma Paul.
Speaker 1 (30:20):
The Farmer Panel with the Isuzu Dmax, the kiwiu'te built
tof with truck DNA.
Speaker 4 (30:26):
We've got a good farmer panel for you today. Emma
Paul of course twenty twenty three FMG Young Farmer of
the Year and Sandra Faulkner, a Federated Farmer's National Board member.
Sandra is a sheep beef, arable and horticulture farmer and
Gisbon poverty Bay. Emma is of course at kal Koki
in the Waikato. You're both literally on fire. That's a
(30:48):
very weak intro into the fact that I didn't realize
the pair of you until I was chatting in the
break have both suffered from house or woolshed fires. I
want to start with you, Emma, Paul, what's your story
around your fire?
Speaker 8 (31:02):
Here?
Speaker 10 (31:03):
Get a Jamie, and thanks for being Yeah. Yeah, we
had had a house fire in one of our staff
houses a couple of years back, can it I remember
at the time. Shortly before that, we've had a conversation
with my father in law and Chris and I being
younger and dumber and a bit foolish, we'd asked if
we needed to have so many things on our insurance
list and if we could cut some cots. And he's
(31:25):
pretty firm on us and said, you need to cut
back on insurance because you don't know when you'll need it.
And sure enough, shortly after one of the houses bent
down to the ground on the farm and the being
for the team at FMG, we would have found ourselves
in a pretty precarious situation there, Jamie. But we're lucky
it was fully insured and we're able to rebuild and
move on and hopefully get one of our team members
(31:47):
into it into a new home because the old ones
no longer.
Speaker 4 (31:50):
Have you rebuilt the home?
Speaker 10 (31:52):
No, we haven't yet, but we're working on it.
Speaker 4 (31:54):
I thought you said the fire was I thought you
said the fire was two years ago.
Speaker 10 (31:58):
Yeah, things take time to sort out.
Speaker 11 (32:00):
Jamie, You've got to give me a little bit of leeway.
Speaker 4 (32:02):
What are you doing housing your staff, because I know
it's a major issue on dairy farms.
Speaker 10 (32:06):
Oh, it's an absolute najation and we're really fortunate. We've
got two brothers that are both employed with us that
are happy enough to live together for the interim period.
But yet it's certainly something that we've got to sort
out in the long term. And I know that lots
of farms throughout New Zealand housing is a struggle, and
you want to provide really good accommodation for your team
so that you can retain good team members. It's just
(32:29):
got to be part of the package, really, doesn't it.
Speaker 4 (32:31):
Sundra Faukner gis but area, tell me about your fire.
It was on a wallshed.
Speaker 7 (32:36):
Yeah, so back in November we lost our wallshed, covered
yards and basically all of our central livestock handling facilities.
Which is it's extraordinary how.
Speaker 11 (32:49):
Often you go to reach for something across.
Speaker 7 (32:51):
A year that you go, oh, it's in this, and
then you go hang on, no, we don't have a
natual fact, we've don't have that thing anymore either, So
it's been a real rollercoaster because.
Speaker 11 (33:03):
At the time.
Speaker 7 (33:05):
It was it was heartbreaking at the time because my
father in law who we've lost just recently built it
himself out of timber on the farm. He was a
craftsman even back then it was only forty seven odd
years old. I think he built it along with a
couple of mates, along with the covered yards and everything else.
And yeah, it was heartbreaking watching him and my husband
(33:30):
Rob just you know, amongst the ashes.
Speaker 11 (33:32):
Basically it was tough.
Speaker 7 (33:33):
So that was the initial shock and then after that,
of course, since then we've been through a summer and
now a winter of trying to handle stock and the
heat and the dust and now in the mud.
Speaker 11 (33:45):
Gosh, we miss it and we are, like.
Speaker 7 (33:50):
Emma said, in the process hopefully hopefully fingers crossed stades
in the ground December January. So, yeah, it takes a
while and it's tough going well.
Speaker 4 (34:01):
And in your case this is compounded by the fencing
issues and the transport is sshoes you had around the
damage done by cyclone. Gabrielle. Lives are not easy, but
the good news is and I'll stick with you and
I'll come back to Emma. The good news is you
are a sheep and beef farmer. You've got arable as
well as horticulture, but returns for sheep and beef. The
(34:23):
red meater is well, they're as good as they've ever been.
Speaker 7 (34:26):
They and isn't it the year to be making hay
while the sunshines?
Speaker 9 (34:30):
Right?
Speaker 7 (34:31):
It's it is so heartening to see farmers out there,
you know, just you know, standing up a.
Speaker 11 (34:39):
Week bit taller this year. It's wonderful.
Speaker 7 (34:42):
It's interesting a lot of the commentaries around the fact
that red meat's doing so well along with theirs, and
that we should be turning the economy around. But I
think what people forget is that for probably several years now,
most farmers that I know in the sheep beef industry
at least, have probably only been paying interest. And now
(35:03):
we might actually get to pay down some debt. So
that doesn't mean going out and buying the newest ut
or a new tractor or anything else for that matter.
Speaker 11 (35:12):
It's actually just consolidate where you're at.
Speaker 7 (35:14):
So it's exciting though it is lovely to see, and
it's just for me. It's just so heartwarming to see
as so families on the land standing at the.
Speaker 4 (35:26):
Taller Emma, I just want to move back to you, Emma.
Paul twenty twenty three Young Farmer of the Year. You've
got a couple of pet topics to finish on. Your
One is Bobby calves. We're seeing more and more of
them being read, the ones with the beef genetics. Obviously,
you and I talked in the ad break about social license.
(35:46):
Will it be okay in years to come to drink
milk that basically a three day old calf has had
to pay for with its life. I know that sounds
rather drastic, but I'm talking about social license perception.
Speaker 10 (36:00):
Yeah, and we've probably got to work really hard to
change that perception, don't we, Jamie, and bring an understanding
to you know, our urban folk about what actually happens
to those animals and how they're treated on farm, and
that we are treating them with respecting care and doing
the best we can to make a or create a
value chained product out of them when they do go
(36:20):
off to the meatworks, and whether it's at four days
old or four years old, it's pretty difficult to do
that to an animal, but that's part of eating and
creating good protein for people to live off. And I
know on our farm we're certainly giving it a crack.
We're down to about five percent bobby calves across fourteen
hundred fairy cows. But it's not for the faint hearted, Jamie.
(36:41):
I'd tell you it takes a lot of resource and time,
and as a vet in the district, I can tell
you I've seen some car wearing disasters out there with
numbers less than one hundred calves. So it's not something
that I'd be advocating for other people in the industry
to just jump out there and start rearing all of
their calves because it does just take so much resource
to do it. And on top of that, this year
(37:01):
we've seen a bit of a milk powder shortage which
has added a bit of pressure to the system as well.
So yeah, it's something that you need to be very
thoughtful of if you are going to rare excess carves
on farm.
Speaker 4 (37:11):
Let's just finish with soundra Faukner, your pet topic today
is the one hundred and fiftieth Poverty by A and
P Association show next month October. I'm coming up for
that one. Looking forward to it.
Speaker 7 (37:24):
Yeah, it's going to be a fantastic event and we
all in region are looking forward to it, especially those
that are probably ver close to it. It's one astounding
achievement for an association such as us.
Speaker 11 (37:39):
To be in such good heart.
Speaker 7 (37:40):
I would argue that the Gibbon Show is probably one
of the best in the country. And for the likes
of yourself, Jamie, you know that you're going to come
up here.
Speaker 11 (37:50):
You're going to get the best of hospitality, You're.
Speaker 7 (37:52):
Going to have a heap of fart and what a
fantastic way to bring our community together. So really hats
off to the committee and I know how hard that's
working to make this a real standout events.
Speaker 4 (38:05):
So come along, Sandra pol thanks for being today's Farmer panel.
Speaker 7 (38:09):
He Jamie for that, Jerry.
Speaker 6 (38:17):
Everybody's got a summer and after can ball deare and
they hold on to and go back.
Speaker 4 (38:24):
To Emma Paul and Sandra Faulkner are wrapping the show
today on the Country. Thank you very much for your time,
appreciate it. We'll catch the same time, same place on Monday.
Remember to tune in for the Best of the Country tomorrow.
Morning from six. We're gonna leave the final word today
to our friends at Farmstrong. What's the one thing that
(38:47):
you could do to make farming a bit easier on
your mind and body?
Speaker 2 (38:52):
Well?
Speaker 4 (38:53):
Farm Strong suggests to catch up with mates, a day
out at the rugby. You could watch the Stagspete Wellington,
for instance, or scheduling a hunting or fishing trip, or
maybe just taking a moment or two to appreciate that
little wins each day. Being farm Strong's about doing whatever
works best for you. To see what other farmers and
growers are up to, head to farmstrong dot co dot
(39:15):
nz for free tools and resources. Okay, that's us for
another week. Have a great weekend, catch your back on Monday.
Speaker 6 (39:24):
You make more than that undress man who says you
can't go back And.
Speaker 1 (39:31):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay thanks to Brent starkest of the
leading agriculture brands.