November 10, 2024 • 38 mins
Jamie Mackay talks to Todd Charteris, Andrew Hoggard, Grant "McNational" McCallum, Justin Kitto, and Phil Duncan.
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Speaker 1 (00:00):
Catch all the latest from the land. It's the Country
Podcast with Jamie mckuy Thanks to Brent, You're specialist in
John Deer Construction.
Speaker 2 (00:10):
Equipment, sail Again, Chip be sade Ahead, get switched to overload,
and no oldbody's gonna daughter school today. She's going to
make them stay at home and that it doesn't understand it.
(00:32):
He always said she was good. It's cool and you
can see no reasons because now no reasons. What reason
do you need to be shown?
Speaker 3 (00:44):
I tell you. Get in New Zealand and welcome to
the Country. It's brought to you by Brent. My name
is Jamie McKay. He's subob gout off these days and
the country. Back in nineteen seventy nine, he was fronting
the boomtown Rats and this song is I don't like
Mondays and I don't think there's many dairy farmers saying
that today. Last late last night, we got word that
(01:07):
Fonterra is lifting that mid point milk price to nine
dollars fifty. I reckon ten bucks is on the cards,
let's hope. So how we're going to kick off the
show today with an industry in the gun awey bit
at the moment the banking industry. We've been giving them
plenty of stick on this show. Time to give them
an opportunity to respond. Todd charteris chief executive of Rabobank.
(01:32):
Is he defending the indefensible? Are banks roughting farmers? And
should banks be butting out of set in climate change
emissions targets? Is that the responsibility of the government and
the processes gets Todd's take on that one. Today's Farmer
Panel features a couple of North Island Kalkockies who are
(01:53):
also politicians, Andrew Hogart and Grant mcnational McCullum. Justin Kiddo
joins us out of deryen Z. Phil Duncan on the weather,
we're into November normally means a bit of an improvement
on October. Some of the country's too wet, some of
the country's too dry. That's just the way it is.
And of course this week is Cup and Show week
(02:16):
in christ Church. We'll tell you what's happening there. Plus
because we can, we've got some bear and Chips giveaways
with our friends from Emerson's and Heartland Ships. We're ramping
it up this week on the show. We've got four
fun packs to give away today. Two to the north,
two to the south. Don't enter yet, roll dqu I'll
(02:36):
tell you how you can enter a wee bit later
in the hour. But let's kick it off with the banks,
shall we.
Speaker 2 (02:44):
And that's been the Gymnsade ahead, get switched to Oh
oh no, Bunny's going to go to school today.
Speaker 3 (02:55):
She's going to make girls day here that she was good.
Speaker 2 (03:04):
It's gold, Nicko, see no reason, it's good reasons.
Speaker 4 (03:08):
What the new you need to be?
Speaker 3 (03:13):
Todd charteris is the chief executive of Rabobank. Well, I've
been giving the banks a bit of stick on the
show recently, so we better get a right of reply
to keep things fair and even, Todd, Before we talk
about the banking inquiry, I want to kick off by saying,
what are banks doing setting emissions targets? What made you
the carbon police?
Speaker 5 (03:33):
It was a good afternoon, Jamie. Well, I don't think
we have a cabin police, and we don't profess to be.
But banks are part of the value chain, right and
so we've got a part to play there and any
targets that banks set on a portfolio basis, and I
make that point it's at a portfolio basis, not at
a client basis is to support what's already in pace industry.
(03:57):
So there's already large reduction ambitions from targets from processes,
and I think banks have a requirement to do climate
related disclosures and we have I guess obligations to be
challenged around what are we doing to support some of
those industry reduction targets.
Speaker 3 (04:18):
Hang on top federatget federated farmers I reckon are fairly
saying we already have a mission reduction targets that have
been set by the government, and further targets set by
a milk and meat process in companies. Why are you
adding a third spoke to the wheel.
Speaker 5 (04:35):
Well, our targets are not additional targets, Janney. We are
supporting those government target reductions that you talk about. We
are supporting the process of target reductions that you're talking about.
They're not additional targets. We're actually all involved in the
same value chain and we're all playing our part in recording.
Speaker 3 (04:55):
Okay, if I'm a rabobank farmer, I got the more
which with rabobank, and I don't meet these targets. What
happens to me?
Speaker 5 (05:05):
So as I said earlier, they're they're not individual client
targets at a portfolio level. So at a portfolio level
we will report against it and they'll go into annual
climate statements and we'll map that progress for that sectors.
Off it's dairy that we're talking about, that's what we
(05:25):
will be reporting on, not on an individual client basis.
Speaker 3 (05:28):
Now, I know this isn't the case with Rabobank, but
I'm going to point the finger at the banking industry
as a whole. Why are the likes of Westpac and
b and Z setting higher emissions targets or I mean
emissions targets for New Zealand dairy farmers, yet none for
their ossie counterparts.
Speaker 5 (05:45):
I can't speak on their be halftime.
Speaker 3 (05:47):
Well, what are you doing in Australia, So.
Speaker 5 (05:50):
In our Australia dairy portfolio, we also have twelve percent
reduction in emission's intensity target in Australia. It's exactly the
same with both countries.
Speaker 3 (06:00):
You were quoted in the media last week as saying
Rabobank is assuring MPs that it operates in a market
that has a high degree of competition. Effectively, there's Rabobank
and the four Bergossi Banks. Does that make for a
high degree of competition, Well.
Speaker 5 (06:18):
I think it does. And when you look at individual
market shares of all of the all of those five banks,
the arrange between fourteen and twenty four percent. So you know,
what I put forward was is not one dominant bank.
There's a lot of competition, I think, and I think
you know there is. There is good competition, and we're
(06:38):
certainly playing a part Dami. I mean, we're continuing to
grow a book which we're proud of. But it's not easy,
you know. So you've got to bring your game every time.
And I think there's good chalityre Todd.
Speaker 3 (06:49):
If you're a farmer under a bit of financial stress
or juriss, it's not very easy, as it is in
the residential borrowing market to say, well, bugger you, rabobank,
I'm going to walk across the road and get a
mortgage from Westpac. Not that easy to do.
Speaker 5 (07:05):
Look, it's not that easy to switch on me. It's inconvenience, but.
Speaker 3 (07:09):
You know, no, no, it's more than inconvenience, Todd. Sorry,
I've got a hold your feet to the flames here.
It's more than an inconvenience. The other bank may not
want to know you.
Speaker 5 (07:18):
Oh well, I mean all I can say is there's
been quite a lot of switching over the last period
and it was in our submission. I mean, we have
quite a number of customers coming away and we also
have some customers that for whatever reason not choose to
go somewhere else as well. So we can show the
numbers in terms of the numbers that do change. And
(07:40):
I'm not saying it's easy, but it does happen.
Speaker 3 (07:42):
Rabobank's return on equity was seven point four percent, which
seems to me to be a reasonable return on your investment.
The four bigassie banks their return on equity ranges between
eleven point four and thirteen point one percent. Does it
follow on that are not running as efficient a business
as them or are they ripping us off more than Rabobank?
Speaker 5 (08:06):
Well, I can't comment on the Australian banks. I mean,
for us, we're to return I mean, we need to
hold more capital, but we also want to grow in
this market. So you know, we're continuing to invest in
the market and as I say, we're comfortable with that return.
Speaker 3 (08:23):
I would argue Todd that a farm with fifty percent
equity is just as good a bet as a house
with twenty percent equity. So therefore the risk margins are
the same, if not better, with the farm. Why not
have the same rates for farms as residential lending. Is
it because the banks are falling over themselves backwards to
lend to the residential market, and therefore the farming and
(08:46):
business market is subsidizing that market.
Speaker 5 (08:50):
Well, look, I think there's a whole lot of additional
risk factors, and we touch on them and will not
touch on it. We mention it at length and as
submission for the banking inquiry. I mean, there's there's commodity prices,
there's exchange rates, there's you know, climatic events, there's variability
of income that all comes into business lending that you
(09:13):
just don't see to the same extent, and residential residential
markets a whole lot more liquid you know, whereas if
you ever have to realize on farmland and farm properties,
I mean, depending on what's happening in the market at
the time, there's a whole lot less liquidity, so that
the risk factors just simply aren't the same. And so
(09:35):
and I think you know, all of the banks are
quite consistent on that and that's the approach.
Speaker 3 (09:40):
Are you worried that the two most important people in
the country financially wise anyhow, the Prime Minister and the
Minister of Finance, are getting stuck into the banking sector
over rural banking.
Speaker 5 (09:51):
Well, look, I think you know, the whole banking inquiry
is about let's have a look at it, let's have
a look at a level of competition. And we've always
said that we welcome that, and we're before the Sweet
Committee last week and yeah, I mean there's some very
direct questions about that. Some of them aren't actually related
to competition, I don't think, but look, we welcome it
(10:12):
and are happy to participate in it.
Speaker 3 (10:16):
Let's finish on a happy comebay our note here Todd
news out this morning or late last evening from Fonterra
that midpoint milk price is now nine dollars fifty. You know,
we're hearing whispers of a ten dollar payout being in
the wind. This is great news for rural New Zealand.
Add to that improving prospects for the likes of red meat,
(10:37):
especially the sheep farmers who have had really tough times recently,
good returns for horticulture. Todd I put it to you
that the primary sector is not in a bad place.
Speaker 5 (10:46):
I look at you, I stand announcement, and I agree,
and I think prospects are looking very strong and that's great.
We're also seeing interest rates coming down obviously, and so
things are certainly improving. It was reflected in their more
recent confidence surveoy. So it's been tough times for sure.
Over the last few years has been really tough. So
(11:07):
these are really welcome signals from the market for sure.
Speaker 3 (11:10):
Todd charteris chief executive of Rabobank. Thanks as always for
your time on the country.
Speaker 5 (11:14):
Hey, thanks Jamie, good to catch up.
Speaker 3 (11:19):
Thank you Todd. Right, we're going to get the farmer
panel or the farmer politician panels view on what Todd
had to say and what about Trump's and tariffs? Can
Winston paul a rabbit out of the hat and save
us on the international stage? Right, it's fun pack time?
Hello Michelle, Hello Jamie, you've up the ante well you're
(11:41):
in charge of because some people have texted me and
emailed me and says where's my fun pack now? The
reason they haven't got their fun pack yet is were
sending them all out on one hat. So you will
get them. Just be patient. But we're ramping it up.
So we've got the Farmer's Poor Bear from Emerson's, the
extra crispy pale Al and you know, Michelle, you know
(12:03):
this is very drinkable. When that great Southland lock from
nineteen eighty one was a member of the heaviest forward pack,
in fact, the only forward pack in nineteen eighty one
that outweighed the spring Bok, the Southland forward pack. David
Notty or who's a spatsman through and through, when he
turned up unannounced and uninvited to Emerson's on I'm joking
(12:24):
Noddy on last Tuesday, Notty took to it like a
fish to water. Didn't surprise me. He said, I like, well,
like that beer.
Speaker 6 (12:31):
That was a good impersonation. I wonder if not he's listening. Hi, Naughty,
I got a great picture of you in her Matually,
maybe I should put that up on Facebook.
Speaker 3 (12:38):
Ah, I've always been a fanboy of Naughty or one
of the greats, one of the South and Rugby greats. Anyhow,
he liked it, you'll like it. So we're going to
pair that with the crispy extra Crispy Heartland Chips three
flavors salt and vinegar, green onion and maple bacon. I
think in your fun pack you get one of each,
don't you?
Speaker 6 (12:58):
Ah after check because the boxes. Yeah, I'll never look.
Speaker 3 (13:01):
At organize Michelle by rights, if you're sending three packs
of chips, you should be giving them one of each.
Speaker 6 (13:07):
I have a helper putting the packs together and I
should be supervising that help.
Speaker 3 (13:10):
Yes, you should be. So if you want a fun pack,
just drop us a text on five double nine. Put
your name and your career address your RD address, just
so we can send it straight to you. We've got
two packs today for the North, two packs for the South.
But if you're anywhere near Palmerston North, what you want
(13:30):
to go to is go to the best spats alehouse
in the country. And there's a few good ones, but
Tim and Bernie up in Palmi North run the best one.
They've got a special promo on at the moment. You
can go in and have a Emerson's and Heartland Chips,
steak sandwich deal all the works, or you can go
in and just have an Emerson and Heartland's Chips and
(13:54):
Kiwi onion dip Heartland chip sandwich like we had at Emerson's.
They were really good, weren't they.
Speaker 6 (13:59):
They were so good I think we ate way too many.
And then they filled my run that night, that's for sure.
Speaker 7 (14:04):
Yep.
Speaker 3 (14:04):
So so you can't beat them white bread, but the
Sultan vinegar chips and the special Kiwi onion dip on
top to die for go to the spates alehouse. They
got it. The great supporters of us and also Emerson's
and now Heartland Ships Radio. Up next the farmer panel
(14:25):
of sorts with the ten dollar payout. Well, I'm being
a bit optimistic here, I'm flying a kite. But if
a ten dollar payout is on the cards, is it
worth dropping their day jobs as politicians to go back
to milk the cows. Let's ask them. Grant McCullum and
Andrew Hoggard up next on the Country.
Speaker 4 (14:51):
The Whole Day de.
Speaker 3 (15:11):
Today's Farmer Panel. Well, they're sort of a farmer politician panel,
minds you, I reckon. They're both North Island cowcockies. By
the way, they might quit Parliament to go back milk
and cows if the payout goes to ten dollars. Let's
ask them. Andrew Hoggard is a minister of something I've
just forgotten what and Grant food Safety? Thank you Andrew
(15:34):
and Grant mcnational McCullum. What do you do in Parliament
other than warmer back bench?
Speaker 5 (15:40):
Now?
Speaker 7 (15:40):
Now I point out to the government opposition that they
have got no affinity with farming. Honestly, you should have
heard them in the house last week, mate. They just
don't understand the rural community. They say, stand up and
say nice things and then opposing it makes these sense.
So yes, I do make my points well well, and
I have some people like mister Hogart here to get
(16:03):
things done in Northland, which is my job. And I'm
sure you'll attest to that.
Speaker 3 (16:06):
Well, Andrew, what about my idea of you quitting Parliament
and going back to the man or two dairy farm
and milking the cows at ten bucks? I know you've
got a good off farm Incomers that stands at the moment,
but gee, if you can get ten dollars, you're cooking
with gas.
Speaker 4 (16:21):
Oh yep, she's very very tempting. I can dares say that.
I mean, yeah, I'm not doing this job for the money,
that's for sure, because with ten bucks on the horizon,
you know, more effort than the farm would be in
a lot more. But I still think for me, it's
all about that community service and giving back to the
sector that's given me a hell of a lot. So
(16:42):
I've still got more work to do here to make
sure that you know, all farmers get to benefit not
only from good prices, but sensible legislation as well.
Speaker 3 (16:51):
And to be fair to the Coalition government largely, in
fact almost fully, you're doing a good job on behalf
of farmers. Now we've had Todd charteris already on the show,
the chief executive of Rabobank, good bloke. He put up
a spirited defense of the banking industry. But Grant McCullum,
is he defending the indefensible.
Speaker 7 (17:10):
Well in the eyes of the farming community. Absolutely. You
hear stories every day and I remember many years ago
we had some experiences with what you're own to only
describe as selective banking choices and what then things that
they were doing, and I don't ultimately trust them. It's
very difficult for a farmer to have a crack at
(17:31):
their bank, right, it just doesn't happen. It's a great
opportunity here to hold the farming the banks to account
and actually they need to explain to us why they
are the charge is so much more than the virual
sector when the farmer isn't going anywhere. I haven't heard
a decent defense about yet.
Speaker 3 (17:48):
So Andrew Hoggart at MP, what do you make of it?
Are the banks ripping us off? One of the annoying
points for me is some of the rates they're charging
farmers and business people overdraft rates just a guaranteed moneymaker
for the banks.
Speaker 4 (18:05):
Well it's I mean, it's the absolute fact that the
margins they're charging to rule and businesses are well in
excess of households. So there's no disputing that. And you know,
the question is why is there? And for me, I
can I've seen graphs of how the margins used to
track in parallel and they just came apart in the
(18:26):
last few years. And you know, you can look at
a number of pieces of legislation that were passed and
or decisions made by the Reserve Bank that have affected that.
But then you've also got internal decisions by the banks
themselves around things like you know, they all seem to
be completely on board with not wanting to bank emissions
(18:48):
or anything like that, and trying to tell farmers stuff
around climate change, where really they should just be lending
money and leaving that sort of stuff to an industry
schemes which has already been worked on, where our lessons
are focusing on that and providing premiums and all the rest.
We don't need banks involved in that absolutely.
Speaker 3 (19:08):
Todd refuted that claim. By the way, Grant, should banks
be the carbon police or should they be?
Speaker 7 (19:15):
People need to stay in the lane on this stuff, right,
just like some you know, it's ultimately it's different, Like
the regional council's job has to monitor the water quality.
It's not the job of the banks or other organizations
do that. But and if it's really frustrating for farmers,
you know, you go to the bank to get money.
If we've got a good business year to get on
(19:36):
with it, not be told well, actually will only give
you money to do X, Y and z in terms
of in terms of other things outside your lane. I
can pretty agree with Andrew. They just need to stay
in their lane.
Speaker 3 (19:47):
Hey, the big story around the world last week, it's
still carrying on this week, is the election of Donald Trump.
I could see that one coming, not by that margin,
minds you Andrew Hoggart, I'll go back to you, what
do you think this means for New Zealand, especially aroun
on tariffs or will we be able to negotiate a
sweetheart deal? And I say that because I was watching
Jack Tame on Q and A. He was talking to
(20:09):
some high ranking person in Washington who said, Winston Peters
is very well regarded in Washington circles. Can when you
pull a rabbit out of the hat for us.
Speaker 4 (20:19):
Here, well, hopefully, I mean, one thing we don't want
is high tariffs on food. It never makes sense, doesn't
make sense for the consumers or the producers. So you know,
I think as a government there will be one of
their key things to focus on is making sure we
and as Winston said last week in the House, you know,
we're going to hit the ground running in terms of
(20:42):
discussing these issues with the incoming administration, and it's going
to be important to understand what their priorities are. For me,
I always find it frustrating that the countries we want
to align with globally are the ones that at least
want to buy stuff off us. And yet every time
in the past, where you know, citizens from each country
(21:04):
have had to stand shoulders shoulder with the rifles and
that other people. These are the ones we stand with,
and yet we always have such a hard barrier to
push in terms of trading with them. So for us,
it's really important these countries we always ali with that
we always historically have always backed will you know, do
(21:26):
deals with us, will treat us with respect and but
in terms of that, you know, we may have to
look at some of the things we are doing. I
dare say we might need to spend a little bit
more on pulling our weight military wise.
Speaker 3 (21:39):
Yeah, okay, Grant McCallum, it's great to see a Northland
MP on the world stage doing a good job. I'm
not talking about you here either. You're you're slightly you're
you're slightly woke as we both know. So you would
have been in Carmela's camp.
Speaker 7 (21:53):
No, just mate, not a judge.
Speaker 6 (21:55):
I was.
Speaker 7 (21:56):
It was interesting. My lovely daughter even national she's not working. No,
she said this great quote to me. There's a difference
between what offends people and what affects people, and that
to me sums up why in the end, why Trump won.
He was focused on what affected people. Kimiller and Coe
were focused on the fact that Trump offended people and
(22:19):
people vote on their back with their wallets and things
like that. Mate, That's what one of the main divers was.
I wasn't surprised with the result, and it's actually I
think you wanted to need to calm down. We've got
to get on with it. That's life, you know.
Speaker 3 (22:33):
Okay, Grant, let's move on. Let's stick with Northland though,
because there's a he coy started there today I think
it's making its way down to Wellington. This is effectively
a he coy to nowhere because the Treaty Principles Bill,
as much as it might offend Andrew, is pretty much
dead in the water. So I would question a why
bother with the he coy? And and the other question
(22:53):
I have, Grant mccallumus, what do these people do for
a job or if they just got understanding.
Speaker 7 (22:58):
Employers, well might be better both. But ultimately I'm sure
there's a few unemployed on it. But ultimately people are
in time to protest that they want. I'd rather we
did that than wind up in a situation where we
actually you end up with more violence and so forth.
We don't need to go down that track. And look,
good luck to them. If they've got a strong point
of view and they want to run a het coin,
(23:18):
go for your life. But I prefer they didn't disrupt
the pund punds. I'm just drimed to walk and tratt
it to get the airport. Boy, oh boy, that's you
don't need any more disruptions on that motorway. That's the
one thing I would say.
Speaker 3 (23:30):
Okay, right, let's wrap it to the pair of you.
I was reading a piece in the Herald this morning
by Audrey Young rating opposition politicians. Interestingly Asheveril and Ginny
Anderson sort of came out on top of her list.
And if that's the answer, you'd have to ask what
the question is, Andrew Hoggard, which if you had to
(23:51):
pick one opposition MP to be in the Act Party,
who would it be?
Speaker 5 (23:59):
Geez?
Speaker 4 (24:00):
I don't think any of them would meet the free
market economics or even understand or market works. You can't
stepping meet the list.
Speaker 3 (24:10):
Yeah, all right, come on, pick one, peck one.
Speaker 4 (24:14):
Oh jeez, Look, Joe's a nice person. I could handle,
all right.
Speaker 3 (24:22):
Joe Luxton's a nice person. Grant McCallum, who would you pick?
Speaker 7 (24:26):
Oh, jeez, you've really got me. Come on, mate, trying
to find somebody what depends if you want entertainment, you
want to entertainment. You've picked Willie Jackson. He's actually quite
he's quite funny when he gets going. But tell you
someone I do rape who's going to be a player
going forward is Arena Williams. Keep an eye on her.
I do raise her, deal with her my select committee.
(24:49):
See somebody who's very ambitious and she's I'm very and
very clever, young lady.
Speaker 3 (24:54):
Grant McCallum, Andrew Hoggard, thanks for being today's farmer Politician panel.
Enjoyed it, mate, see you weld on Lad's right. It
is twenty five away from one year with the Country,
brought to you by Brandt playing songs from Live Aid.
July the thirteenth, nineteen eighty five. They had concerts at
(25:15):
Wembley and also JFK Stadium in Philadelphia. I think Phil
Collins Michelle's doing some homework on this one. Will confirm
or deny after the break. I think he appeared at
both of them, but status quo. The quote kind of
kicked it off after we started with God Save the Queen.
With this one, so we're going to sample a bit
of music from Live Aid, just because we can and
(25:37):
just because Sir Bob Goudoff is in the country. Up
next to the latest and rural news and sports news.
Before the end of the hour, Justin Kiddo from derry
en Z and Big Big Phil Duncan on the weather
(26:05):
Welcome back to the Country. Songs from Live Aid. In
July nineteen eighty five, Michelle Watts wandered in here to
do rural news. But Michelle Phil Collins was the only
one right who did both concerts, or did anyone else
do them?
Speaker 6 (26:18):
No, he was the only one that did both. He
got a helicopter piloted by TV personality Noel Edmonds from
Wimberley to Heathrow and then took a concord to New
York before getting on another helicopter, d up on stage
in Philadelphia by about seven thirty pm.
Speaker 3 (26:35):
Marvelous and of course he landed it to JFK Airport
in New York and then he chopped down to JFK
Stadium in Philadelphia. I must say, without boring the listeners
with the travel story, having been in Philadelphia, because I
wanted to run up the Rocky Stairs. I may release
that video one day, Michelle. But other than running up
and down the Rocky stairs and getting your photo taken
(26:56):
beside the Rocky statue, there ain't much to do in Philadelphia.
Here's the latest and rural News.
Speaker 1 (27:02):
The Country's world News with Cold Cadet, New Zealand's leading
right on lawn Bower brand. Visit steel Ford dot Cote
dot NZB for your local stockist.
Speaker 6 (27:12):
Zesprey Kew fruit growers will be able to vote from
this morning on a proposal to increase overseas production. The
company wants to expand its base by four hundred and
twenty hectares a year for the next six years across Italy, France, Japan,
South Korea and Greece. Chief executive officer Chasing Jason t
Break says or says sorry. They're trying to boost global
(27:32):
supply of the fruit. He says, over a number of
years they've created a demand for gold flesh Kiwi fruit
under their label, but at the moment they can't provide
enough supply to meet demand. And that's rural news. You
can find more at the Country dot co dot and.
Speaker 3 (27:45):
You have to say Zesprey along with the likes of Fonterra.
They're doing a good job for their growers and suppliers
at the moment.
Speaker 1 (27:53):
Sport with AFCO. Visit them online at AFCO dot co
dot NZ.
Speaker 3 (27:58):
And South Africa's jumped over Ilo to top spot in
world rugby rankings after beating Scotland thirty two point fifteen
in Edinburgh. And let's face it, Ireland didn't look like
the number one side in the world against US over
the weekend, did they? And that's not detracting from the
All Blacks performance whatsoever. Arsenal and Chelsea remain third equal
in Football's Premier League after a one all draw, but
(28:19):
the Gunners are frustrated, believing they dominated the encounter. And
American Taylor Fritz has started the ATP tennis finals with
the straight sets victory over Russian Danielle Medvedev. And I
was looking at the tennis rankings as you do during
your spare time the other day. In this I think
(28:39):
he's the only American in the top ten. Gone are
the days when the Americans are dominated, you know, Sampras
Agacy career or all those guys. It's totally dominated now
by European players. Right, we will take a break. On
the other side of it, Justin Kitto from Derry en Zena.
Remember if you want one of our four thun packs
(29:01):
courtesy of Emerson's the Extra Crispy pale Ale and Heartland Chips,
salten vinegar, green onion, maple bacon, just send us your
name and your full courier address. Michelle will pick out
some winners at the end of the show and give
you a bell. And for those of you who have
already won, don't panic. As Sergeant Schultz would say, your
chips are on the way. So's your bear right, Let's
(29:24):
take a break. Justin kiddo. On the other side, it
is today's good news story Fonterra lifting the midpoint for
that milk price for the current season to nine dollars fifty.
Will we get to ten? I don't know. Let's get
Dairy and Z's take on this one before we talk
about improving wintering practices and they can always get better.
(29:47):
Dairy and Zed's senior environments specialist, as Justin Kiddo, are
based out of Lincoln and Justin I reckon the old
dairy farmers would have had a bit of a spring
in their step this morning.
Speaker 8 (29:58):
Yeah, by the sols. It's a very positive, positive improvement,
isn't it.
Speaker 3 (30:03):
Yeah, well, if we can get to ten bucks, that
would be wonderful. We'd set a new land speed record.
Let's talk about the wintering of dairy cows. You've come
out with your annual summary. Obviously, the further south you go,
the more relevant this is because we're talking about wintering
dairy cows on fodder crops. I know just from driving
(30:24):
around south and my home province that the wintering practices
have vastly improved, but they've still got a way to go.
What are the numbers say?
Speaker 5 (30:33):
Yeah, so, yeah, you're right.
Speaker 8 (30:34):
We've had the survey sh and a significant improvement in
some practices over the last few years. So in particular,
we've got eighty percent of dairy farmers saying that they're
using a written wintering plan, and that's up from sixty
a couple of years ago. And the other thing that
we do know is that if a farmer has a
(30:54):
written wintering plan, they are more likely to implement more
good practices compared to a farmer that doesn't have a
written wintering plan.
Speaker 3 (31:04):
But the trouble with wintering dairy cows in Southland, or
in the lower part of the South Island, or even
some parts of the central North Island. No doubt where
we can get very cold winters is that it does rain,
there will be mud. Animals, believe it or not. In
places like Africa stand out in the rain and the mud.
That's just the circle of life. Without wanting to get
(31:25):
to lyon Kingish about it. So are we ever going
to please the fruit loops at Greenpeace?
Speaker 8 (31:32):
I think no, we probably won't. But what I am
confidence in is that farmers have worked really hard the
last few years to stand off the rough edges. And
you know, again this wintering survey has shown that, you know,
farmers have got contingency plans for these sorts of rainfall
events that are implementing more practices. I've got a plan
(31:54):
for how they're going to manage it. And yeah, they're
just getting those cows as comfortable as they can and
for when these extreme events do come and doing the
best that they can.
Speaker 3 (32:04):
I want to look at a couple of really positive
numbers just to wrap this. Ninety nine percent of respondents
had their stock excluded from waterways. That's pretty good. We
just got to sort out the one percent. That number
should be one hundred percent, but one hundred percent had
buffers around waterways to filter contaminants before they reach the waterway.
That is so important. Justin as I was saying to
(32:26):
you in the commercial break, I've been involved in a
dairy farm for twelve or thirteen years and when I
was driving around south and looking for some twelve or
thirteen years ago, I couldn't get over some of the
bad wintering practices. They're largely gone now.
Speaker 8 (32:42):
Yep, absolutely yes, And everyone that's involved in this says that,
even anecdotally, even visually, there's been a significance improvement in
wintering practices and it's very hard now to find some
bad practice.
Speaker 3 (32:56):
Hey, big weekend in christ Church or big week should
I say, in christ Church Cup and Show week? Are
you heading along? No?
Speaker 5 (33:03):
I won't be.
Speaker 7 (33:04):
I will be heading to the McKenzie Basin to go camping.
Speaker 8 (33:07):
IMPSH.
Speaker 3 (33:08):
What's the weather like in Canterbury at the moment? Bearing
in mind you're based at Lincoln, you're getting a bit dry.
Speaker 8 (33:14):
Well. Central Canterbury's probably doing all right. We've had a
little bit of rain in the last week, so it's
probably topped it up. But yeah, I'm aware that North
and South Canterbury. We're definitely letting a little bit of
moisture there.
Speaker 3 (33:27):
Yeah, well, nothing like a scheduling a show or a
one day Cricket International guaranteed rainmaker. Okay, Justin kiddo from
darry And said, thanks for your time.
Speaker 8 (33:36):
Awesome, thank you very much, have a great day.
Speaker 3 (33:39):
Well, thank you, justin twelve away from one up next
an excellent correction coming in. Thank you. We love being
corrected here on the country, especially when we're horribly wrong.
Your chance to win the fun packs from Emerson's and
Heartlands Chips, Heartland Chips and of course Big Phil Duncan
on the weather, the world, everyone was at Live Aid
(34:06):
Spandau Ballet, New Romantics from the eighties. Great band music
is subjective, of course. Now this is true. Where is
it gone? And it looks like I got caught out
telling porky pies by Phil Ropie half from Still It
wasn't Sergeant Schultz who said, don't panic. That belonged to
Lance Corporal Jones from Dad's Army. This is all over
(34:29):
Michelle's head. She's much too young to know these programs.
Sergeant Schultz was I know nothing all right, And the
other thing today that we've been remiss and not mentioning
Armistice Day, eleventh hour of the eleventh day of the
eleventh month, nineteen eighteen, the end of hostilities sort of
in World War One. I just showed Michelle the rock
(34:50):
I picked off anzac Cove Beach illegally too. I might
add my grandfather served there. My brother was, My late
brother was a war historian who wrote a lot about Gillipoli.
Very near and dear to my own heart. Great to
see RSA President Sir Wayne buck Shalford saying that even
if no key we World War One veterans are still alive,
(35:12):
it's important the memory of their sacrifice lives on. What
a great man to be heading the RSA up next
fell Duncan on the weather flag, fell Duncan to wrap
the country. Look, I was just reading fill your weather
(35:36):
watch report this morning. You make three points. Now that
we're in November, New Zealand still has most of our
weather being westerly driven. We're still going to see regular
cold fronts coming onto the country. And the most important
thing to note of all, New Zealand is going to
get more high pressure. I'm sure that will be welcomed
by some people in the country, especially down south. But
(35:57):
increasingly we're getting a bit dry on the east coast
of both islands. Probably not unusual for this time of
the year.
Speaker 9 (36:03):
Yeah, today it's not too unusual to be drying out
in the eastern side of the North Island, for example,
but we are certainly seeing places like Hawks Bay, Gisbon area,
even some parts now of Waikato and Northland and Auckland
are all starting to show signs of drying out, and
so that's been on the cards for a wee while.
(36:24):
There has been a bit of rain over the last
twenty four hours in the North at least, but it's
not very much. There might be the most lead of
thunderstorms this week here and there around the central North
Island inland areas of the South as well. They're not
going to be all over the place, but there is
a chance of some of those gownpours even with that
high coming through. But yeah, the next low comes through
(36:44):
on Friday, and then the next cold front sub at
least this weekend, and places like christ Churich go from
being fairly mild and dry during the middle of this
week to high maybe only twelve with showers on Saturday.
Speaker 3 (36:57):
Well, I hope it's good on Friday, I went, I'm
up there.
Speaker 9 (37:00):
That's a very good question. Friday's looking a little showery.
The front comes in, but it's still mild on Friday.
That fun that change comes through at some point on Fridays,
we've got low pressure crossing New Zealand.
Speaker 3 (37:11):
Okay, fell, I hope some of that low pressure or
the change gets all the way to Hawksby because I'm
looking at the Kneeward Drought map and I can tell
you it's getting increasingly dry in that area. Thanks for
your time, mate, Cheers, mate, thank you. There we go,
Phil Duncan from weather Watch. Remember if you want the
fun pack, the Michelle's in charge of these, and she's
promising to give you three different types of chips and
(37:34):
your fun pack be it on your head, Michelle. Right.
So there's the maple bacon, the salt and vinegar and
the green hangen and we're gonna pair that that's from
Heartland Chips. We're gonna pair that with the extra crispy
pale ale Knotty or endorsers text us on five double
O nine with your full courier address will ring you
if you win. See you tomorrow and.
Speaker 1 (37:57):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay. Thanks to Brent, your specialist in
John Deere machinery
Catch all the latest from the land. It's the Country
Podcast with Jamie mckuy Thanks to Brent, You're specialist in
John Deer Construction.
Speaker 2 (00:10):
Equipment, sail Again, Chip be sade Ahead, get switched to overload,
and no oldbody's gonna daughter school today. She's going to
make them stay at home and that it doesn't understand it.
(00:32):
He always said she was good. It's cool and you
can see no reasons because now no reasons. What reason
do you need to be shown?
Speaker 3 (00:44):
I tell you. Get in New Zealand and welcome to
the Country. It's brought to you by Brent. My name
is Jamie McKay. He's subob gout off these days and
the country. Back in nineteen seventy nine, he was fronting
the boomtown Rats and this song is I don't like
Mondays and I don't think there's many dairy farmers saying
that today. Last late last night, we got word that
(01:07):
Fonterra is lifting that mid point milk price to nine
dollars fifty. I reckon ten bucks is on the cards,
let's hope. So how we're going to kick off the
show today with an industry in the gun awey bit
at the moment the banking industry. We've been giving them
plenty of stick on this show. Time to give them
an opportunity to respond. Todd charteris chief executive of Rabobank.
(01:32):
Is he defending the indefensible? Are banks roughting farmers? And
should banks be butting out of set in climate change
emissions targets? Is that the responsibility of the government and
the processes gets Todd's take on that one. Today's Farmer
Panel features a couple of North Island Kalkockies who are
(01:53):
also politicians, Andrew Hogart and Grant mcnational McCullum. Justin Kiddo
joins us out of deryen Z. Phil Duncan on the weather,
we're into November normally means a bit of an improvement
on October. Some of the country's too wet, some of
the country's too dry. That's just the way it is.
And of course this week is Cup and Show week
(02:16):
in christ Church. We'll tell you what's happening there. Plus
because we can, we've got some bear and Chips giveaways
with our friends from Emerson's and Heartland Ships. We're ramping
it up this week on the show. We've got four
fun packs to give away today. Two to the north,
two to the south. Don't enter yet, roll dqu I'll
(02:36):
tell you how you can enter a wee bit later
in the hour. But let's kick it off with the banks,
shall we.
Speaker 2 (02:44):
And that's been the Gymnsade ahead, get switched to Oh
oh no, Bunny's going to go to school today.
Speaker 3 (02:55):
She's going to make girls day here that she was good.
Speaker 2 (03:04):
It's gold, Nicko, see no reason, it's good reasons.
Speaker 4 (03:08):
What the new you need to be?
Speaker 3 (03:13):
Todd charteris is the chief executive of Rabobank. Well, I've
been giving the banks a bit of stick on the
show recently, so we better get a right of reply
to keep things fair and even, Todd, Before we talk
about the banking inquiry, I want to kick off by saying,
what are banks doing setting emissions targets? What made you
the carbon police?
Speaker 5 (03:33):
It was a good afternoon, Jamie. Well, I don't think
we have a cabin police, and we don't profess to be.
But banks are part of the value chain, right and
so we've got a part to play there and any
targets that banks set on a portfolio basis, and I
make that point it's at a portfolio basis, not at
a client basis is to support what's already in pace industry.
(03:57):
So there's already large reduction ambitions from targets from processes,
and I think banks have a requirement to do climate
related disclosures and we have I guess obligations to be
challenged around what are we doing to support some of
those industry reduction targets.
Speaker 3 (04:18):
Hang on top federatget federated farmers I reckon are fairly
saying we already have a mission reduction targets that have
been set by the government, and further targets set by
a milk and meat process in companies. Why are you
adding a third spoke to the wheel.
Speaker 5 (04:35):
Well, our targets are not additional targets, Janney. We are
supporting those government target reductions that you talk about. We
are supporting the process of target reductions that you're talking about.
They're not additional targets. We're actually all involved in the
same value chain and we're all playing our part in recording.
Speaker 3 (04:55):
Okay, if I'm a rabobank farmer, I got the more
which with rabobank, and I don't meet these targets. What
happens to me?
Speaker 5 (05:05):
So as I said earlier, they're they're not individual client
targets at a portfolio level. So at a portfolio level
we will report against it and they'll go into annual
climate statements and we'll map that progress for that sectors.
Off it's dairy that we're talking about, that's what we
(05:25):
will be reporting on, not on an individual client basis.
Speaker 3 (05:28):
Now, I know this isn't the case with Rabobank, but
I'm going to point the finger at the banking industry
as a whole. Why are the likes of Westpac and
b and Z setting higher emissions targets or I mean
emissions targets for New Zealand dairy farmers, yet none for
their ossie counterparts.
Speaker 5 (05:45):
I can't speak on their be halftime.
Speaker 3 (05:47):
Well, what are you doing in Australia, So.
Speaker 5 (05:50):
In our Australia dairy portfolio, we also have twelve percent
reduction in emission's intensity target in Australia. It's exactly the
same with both countries.
Speaker 3 (06:00):
You were quoted in the media last week as saying
Rabobank is assuring MPs that it operates in a market
that has a high degree of competition. Effectively, there's Rabobank
and the four Bergossi Banks. Does that make for a
high degree of competition, Well.
Speaker 5 (06:18):
I think it does. And when you look at individual
market shares of all of the all of those five banks,
the arrange between fourteen and twenty four percent. So you know,
what I put forward was is not one dominant bank.
There's a lot of competition, I think, and I think
you know there is. There is good competition, and we're
(06:38):
certainly playing a part Dami. I mean, we're continuing to
grow a book which we're proud of. But it's not easy,
you know. So you've got to bring your game every time.
And I think there's good chalityre Todd.
Speaker 3 (06:49):
If you're a farmer under a bit of financial stress
or juriss, it's not very easy, as it is in
the residential borrowing market to say, well, bugger you, rabobank,
I'm going to walk across the road and get a
mortgage from Westpac. Not that easy to do.
Speaker 5 (07:05):
Look, it's not that easy to switch on me. It's inconvenience, but.
Speaker 3 (07:09):
You know, no, no, it's more than inconvenience, Todd. Sorry,
I've got a hold your feet to the flames here.
It's more than an inconvenience. The other bank may not
want to know you.
Speaker 5 (07:18):
Oh well, I mean all I can say is there's
been quite a lot of switching over the last period
and it was in our submission. I mean, we have
quite a number of customers coming away and we also
have some customers that for whatever reason not choose to
go somewhere else as well. So we can show the
numbers in terms of the numbers that do change. And
(07:40):
I'm not saying it's easy, but it does happen.
Speaker 3 (07:42):
Rabobank's return on equity was seven point four percent, which
seems to me to be a reasonable return on your investment.
The four bigassie banks their return on equity ranges between
eleven point four and thirteen point one percent. Does it
follow on that are not running as efficient a business
as them or are they ripping us off more than Rabobank?
Speaker 5 (08:06):
Well, I can't comment on the Australian banks. I mean,
for us, we're to return I mean, we need to
hold more capital, but we also want to grow in
this market. So you know, we're continuing to invest in
the market and as I say, we're comfortable with that return.
Speaker 3 (08:23):
I would argue Todd that a farm with fifty percent
equity is just as good a bet as a house
with twenty percent equity. So therefore the risk margins are
the same, if not better, with the farm. Why not
have the same rates for farms as residential lending. Is
it because the banks are falling over themselves backwards to
lend to the residential market, and therefore the farming and
(08:46):
business market is subsidizing that market.
Speaker 5 (08:50):
Well, look, I think there's a whole lot of additional
risk factors, and we touch on them and will not
touch on it. We mention it at length and as
submission for the banking inquiry. I mean, there's there's commodity prices,
there's exchange rates, there's you know, climatic events, there's variability
of income that all comes into business lending that you
(09:13):
just don't see to the same extent, and residential residential
markets a whole lot more liquid you know, whereas if
you ever have to realize on farmland and farm properties,
I mean, depending on what's happening in the market at
the time, there's a whole lot less liquidity, so that
the risk factors just simply aren't the same. And so
(09:35):
and I think you know, all of the banks are
quite consistent on that and that's the approach.
Speaker 3 (09:40):
Are you worried that the two most important people in
the country financially wise anyhow, the Prime Minister and the
Minister of Finance, are getting stuck into the banking sector
over rural banking.
Speaker 5 (09:51):
Well, look, I think you know, the whole banking inquiry
is about let's have a look at it, let's have
a look at a level of competition. And we've always
said that we welcome that, and we're before the Sweet
Committee last week and yeah, I mean there's some very
direct questions about that. Some of them aren't actually related
to competition, I don't think, but look, we welcome it
(10:12):
and are happy to participate in it.
Speaker 3 (10:16):
Let's finish on a happy comebay our note here Todd
news out this morning or late last evening from Fonterra
that midpoint milk price is now nine dollars fifty. You know,
we're hearing whispers of a ten dollar payout being in
the wind. This is great news for rural New Zealand.
Add to that improving prospects for the likes of red meat,
(10:37):
especially the sheep farmers who have had really tough times recently,
good returns for horticulture. Todd I put it to you
that the primary sector is not in a bad place.
Speaker 5 (10:46):
I look at you, I stand announcement, and I agree,
and I think prospects are looking very strong and that's great.
We're also seeing interest rates coming down obviously, and so
things are certainly improving. It was reflected in their more
recent confidence surveoy. So it's been tough times for sure.
Over the last few years has been really tough. So
(11:07):
these are really welcome signals from the market for sure.
Speaker 3 (11:10):
Todd charteris chief executive of Rabobank. Thanks as always for
your time on the country.
Speaker 5 (11:14):
Hey, thanks Jamie, good to catch up.
Speaker 3 (11:19):
Thank you Todd. Right, we're going to get the farmer
panel or the farmer politician panels view on what Todd
had to say and what about Trump's and tariffs? Can
Winston paul a rabbit out of the hat and save
us on the international stage? Right, it's fun pack time?
Hello Michelle, Hello Jamie, you've up the ante well you're
(11:41):
in charge of because some people have texted me and
emailed me and says where's my fun pack now? The
reason they haven't got their fun pack yet is were
sending them all out on one hat. So you will
get them. Just be patient. But we're ramping it up.
So we've got the Farmer's Poor Bear from Emerson's, the
extra crispy pale Al and you know, Michelle, you know
(12:03):
this is very drinkable. When that great Southland lock from
nineteen eighty one was a member of the heaviest forward pack,
in fact, the only forward pack in nineteen eighty one
that outweighed the spring Bok, the Southland forward pack. David
Notty or who's a spatsman through and through, when he
turned up unannounced and uninvited to Emerson's on I'm joking
(12:24):
Noddy on last Tuesday, Notty took to it like a
fish to water. Didn't surprise me. He said, I like, well,
like that beer.
Speaker 6 (12:31):
That was a good impersonation. I wonder if not he's listening. Hi, Naughty,
I got a great picture of you in her Matually,
maybe I should put that up on Facebook.
Speaker 3 (12:38):
Ah, I've always been a fanboy of Naughty or one
of the greats, one of the South and Rugby greats. Anyhow,
he liked it, you'll like it. So we're going to
pair that with the crispy extra Crispy Heartland Chips three
flavors salt and vinegar, green onion and maple bacon. I
think in your fun pack you get one of each,
don't you?
Speaker 6 (12:58):
Ah after check because the boxes. Yeah, I'll never look.
Speaker 3 (13:01):
At organize Michelle by rights, if you're sending three packs
of chips, you should be giving them one of each.
Speaker 6 (13:07):
I have a helper putting the packs together and I
should be supervising that help.
Speaker 3 (13:10):
Yes, you should be. So if you want a fun pack,
just drop us a text on five double nine. Put
your name and your career address your RD address, just
so we can send it straight to you. We've got
two packs today for the North, two packs for the South.
But if you're anywhere near Palmerston North, what you want
(13:30):
to go to is go to the best spats alehouse
in the country. And there's a few good ones, but
Tim and Bernie up in Palmi North run the best one.
They've got a special promo on at the moment. You
can go in and have a Emerson's and Heartland Chips,
steak sandwich deal all the works, or you can go
in and just have an Emerson and Heartland's Chips and
(13:54):
Kiwi onion dip Heartland chip sandwich like we had at Emerson's.
They were really good, weren't they.
Speaker 6 (13:59):
They were so good I think we ate way too many.
And then they filled my run that night, that's for sure.
Speaker 7 (14:04):
Yep.
Speaker 3 (14:04):
So so you can't beat them white bread, but the
Sultan vinegar chips and the special Kiwi onion dip on
top to die for go to the spates alehouse. They
got it. The great supporters of us and also Emerson's
and now Heartland Ships Radio. Up next the farmer panel
(14:25):
of sorts with the ten dollar payout. Well, I'm being
a bit optimistic here, I'm flying a kite. But if
a ten dollar payout is on the cards, is it
worth dropping their day jobs as politicians to go back
to milk the cows. Let's ask them. Grant McCullum and
Andrew Hoggard up next on the Country.
Speaker 4 (14:51):
The Whole Day de.
Speaker 3 (15:11):
Today's Farmer Panel. Well, they're sort of a farmer politician panel,
minds you, I reckon. They're both North Island cowcockies. By
the way, they might quit Parliament to go back milk
and cows if the payout goes to ten dollars. Let's
ask them. Andrew Hoggard is a minister of something I've
just forgotten what and Grant food Safety? Thank you Andrew
(15:34):
and Grant mcnational McCullum. What do you do in Parliament
other than warmer back bench?
Speaker 5 (15:40):
Now?
Speaker 7 (15:40):
Now I point out to the government opposition that they
have got no affinity with farming. Honestly, you should have
heard them in the house last week, mate. They just
don't understand the rural community. They say, stand up and
say nice things and then opposing it makes these sense.
So yes, I do make my points well well, and
I have some people like mister Hogart here to get
(16:03):
things done in Northland, which is my job. And I'm
sure you'll attest to that.
Speaker 3 (16:06):
Well, Andrew, what about my idea of you quitting Parliament
and going back to the man or two dairy farm
and milking the cows at ten bucks? I know you've
got a good off farm Incomers that stands at the moment,
but gee, if you can get ten dollars, you're cooking
with gas.
Speaker 4 (16:21):
Oh yep, she's very very tempting. I can dares say that.
I mean, yeah, I'm not doing this job for the money,
that's for sure, because with ten bucks on the horizon,
you know, more effort than the farm would be in
a lot more. But I still think for me, it's
all about that community service and giving back to the
sector that's given me a hell of a lot. So
(16:42):
I've still got more work to do here to make
sure that you know, all farmers get to benefit not
only from good prices, but sensible legislation as well.
Speaker 3 (16:51):
And to be fair to the Coalition government largely, in
fact almost fully, you're doing a good job on behalf
of farmers. Now we've had Todd charteris already on the show,
the chief executive of Rabobank, good bloke. He put up
a spirited defense of the banking industry. But Grant McCullum,
is he defending the indefensible.
Speaker 7 (17:10):
Well in the eyes of the farming community. Absolutely. You
hear stories every day and I remember many years ago
we had some experiences with what you're own to only
describe as selective banking choices and what then things that
they were doing, and I don't ultimately trust them. It's
very difficult for a farmer to have a crack at
(17:31):
their bank, right, it just doesn't happen. It's a great
opportunity here to hold the farming the banks to account
and actually they need to explain to us why they
are the charge is so much more than the virual
sector when the farmer isn't going anywhere. I haven't heard
a decent defense about yet.
Speaker 3 (17:48):
So Andrew Hoggart at MP, what do you make of it?
Are the banks ripping us off? One of the annoying
points for me is some of the rates they're charging
farmers and business people overdraft rates just a guaranteed moneymaker
for the banks.
Speaker 4 (18:05):
Well it's I mean, it's the absolute fact that the
margins they're charging to rule and businesses are well in
excess of households. So there's no disputing that. And you know,
the question is why is there? And for me, I
can I've seen graphs of how the margins used to
track in parallel and they just came apart in the
(18:26):
last few years. And you know, you can look at
a number of pieces of legislation that were passed and
or decisions made by the Reserve Bank that have affected that.
But then you've also got internal decisions by the banks
themselves around things like you know, they all seem to
be completely on board with not wanting to bank emissions
(18:48):
or anything like that, and trying to tell farmers stuff
around climate change, where really they should just be lending
money and leaving that sort of stuff to an industry
schemes which has already been worked on, where our lessons
are focusing on that and providing premiums and all the rest.
We don't need banks involved in that absolutely.
Speaker 3 (19:08):
Todd refuted that claim. By the way, Grant, should banks
be the carbon police or should they be?
Speaker 7 (19:15):
People need to stay in the lane on this stuff, right,
just like some you know, it's ultimately it's different, Like
the regional council's job has to monitor the water quality.
It's not the job of the banks or other organizations
do that. But and if it's really frustrating for farmers,
you know, you go to the bank to get money.
If we've got a good business year to get on
(19:36):
with it, not be told well, actually will only give
you money to do X, Y and z in terms
of in terms of other things outside your lane. I
can pretty agree with Andrew. They just need to stay
in their lane.
Speaker 3 (19:47):
Hey, the big story around the world last week, it's
still carrying on this week, is the election of Donald Trump.
I could see that one coming, not by that margin,
minds you Andrew Hoggart, I'll go back to you, what
do you think this means for New Zealand, especially aroun
on tariffs or will we be able to negotiate a
sweetheart deal? And I say that because I was watching
Jack Tame on Q and A. He was talking to
(20:09):
some high ranking person in Washington who said, Winston Peters
is very well regarded in Washington circles. Can when you
pull a rabbit out of the hat for us.
Speaker 4 (20:19):
Here, well, hopefully, I mean, one thing we don't want
is high tariffs on food. It never makes sense, doesn't
make sense for the consumers or the producers. So you know,
I think as a government there will be one of
their key things to focus on is making sure we
and as Winston said last week in the House, you know,
we're going to hit the ground running in terms of
(20:42):
discussing these issues with the incoming administration, and it's going
to be important to understand what their priorities are. For me,
I always find it frustrating that the countries we want
to align with globally are the ones that at least
want to buy stuff off us. And yet every time
in the past, where you know, citizens from each country
(21:04):
have had to stand shoulders shoulder with the rifles and
that other people. These are the ones we stand with,
and yet we always have such a hard barrier to
push in terms of trading with them. So for us,
it's really important these countries we always ali with that
we always historically have always backed will you know, do
(21:26):
deals with us, will treat us with respect and but
in terms of that, you know, we may have to
look at some of the things we are doing. I
dare say we might need to spend a little bit
more on pulling our weight military wise.
Speaker 3 (21:39):
Yeah, okay, Grant McCallum, it's great to see a Northland
MP on the world stage doing a good job. I'm
not talking about you here either. You're you're slightly you're
you're slightly woke as we both know. So you would
have been in Carmela's camp.
Speaker 7 (21:53):
No, just mate, not a judge.
Speaker 6 (21:55):
I was.
Speaker 7 (21:56):
It was interesting. My lovely daughter even national she's not working. No,
she said this great quote to me. There's a difference
between what offends people and what affects people, and that
to me sums up why in the end, why Trump won.
He was focused on what affected people. Kimiller and Coe
were focused on the fact that Trump offended people and
(22:19):
people vote on their back with their wallets and things
like that. Mate, That's what one of the main divers was.
I wasn't surprised with the result, and it's actually I
think you wanted to need to calm down. We've got
to get on with it. That's life, you know.
Speaker 3 (22:33):
Okay, Grant, let's move on. Let's stick with Northland though,
because there's a he coy started there today I think
it's making its way down to Wellington. This is effectively
a he coy to nowhere because the Treaty Principles Bill,
as much as it might offend Andrew, is pretty much
dead in the water. So I would question a why
bother with the he coy? And and the other question
(22:53):
I have, Grant mccallumus, what do these people do for
a job or if they just got understanding.
Speaker 7 (22:58):
Employers, well might be better both. But ultimately I'm sure
there's a few unemployed on it. But ultimately people are
in time to protest that they want. I'd rather we
did that than wind up in a situation where we
actually you end up with more violence and so forth.
We don't need to go down that track. And look,
good luck to them. If they've got a strong point
of view and they want to run a het coin,
(23:18):
go for your life. But I prefer they didn't disrupt
the pund punds. I'm just drimed to walk and tratt
it to get the airport. Boy, oh boy, that's you
don't need any more disruptions on that motorway. That's the
one thing I would say.
Speaker 3 (23:30):
Okay, right, let's wrap it to the pair of you.
I was reading a piece in the Herald this morning
by Audrey Young rating opposition politicians. Interestingly Asheveril and Ginny
Anderson sort of came out on top of her list.
And if that's the answer, you'd have to ask what
the question is, Andrew Hoggard, which if you had to
(23:51):
pick one opposition MP to be in the Act Party,
who would it be?
Speaker 5 (23:59):
Geez?
Speaker 4 (24:00):
I don't think any of them would meet the free
market economics or even understand or market works. You can't
stepping meet the list.
Speaker 3 (24:10):
Yeah, all right, come on, pick one, peck one.
Speaker 4 (24:14):
Oh jeez, Look, Joe's a nice person. I could handle,
all right.
Speaker 3 (24:22):
Joe Luxton's a nice person. Grant McCallum, who would you pick?
Speaker 7 (24:26):
Oh, jeez, you've really got me. Come on, mate, trying
to find somebody what depends if you want entertainment, you
want to entertainment. You've picked Willie Jackson. He's actually quite
he's quite funny when he gets going. But tell you
someone I do rape who's going to be a player
going forward is Arena Williams. Keep an eye on her.
I do raise her, deal with her my select committee.
(24:49):
See somebody who's very ambitious and she's I'm very and
very clever, young lady.
Speaker 3 (24:54):
Grant McCallum, Andrew Hoggard, thanks for being today's farmer Politician panel.
Enjoyed it, mate, see you weld on Lad's right. It
is twenty five away from one year with the Country,
brought to you by Brandt playing songs from Live Aid.
July the thirteenth, nineteen eighty five. They had concerts at
(25:15):
Wembley and also JFK Stadium in Philadelphia. I think Phil
Collins Michelle's doing some homework on this one. Will confirm
or deny after the break. I think he appeared at
both of them, but status quo. The quote kind of
kicked it off after we started with God Save the Queen.
With this one, so we're going to sample a bit
of music from Live Aid, just because we can and
(25:37):
just because Sir Bob Goudoff is in the country. Up
next to the latest and rural news and sports news.
Before the end of the hour, Justin Kiddo from derry
en Z and Big Big Phil Duncan on the weather
(26:05):
Welcome back to the Country. Songs from Live Aid. In
July nineteen eighty five, Michelle Watts wandered in here to
do rural news. But Michelle Phil Collins was the only
one right who did both concerts, or did anyone else
do them?
Speaker 6 (26:18):
No, he was the only one that did both. He
got a helicopter piloted by TV personality Noel Edmonds from
Wimberley to Heathrow and then took a concord to New
York before getting on another helicopter, d up on stage
in Philadelphia by about seven thirty pm.
Speaker 3 (26:35):
Marvelous and of course he landed it to JFK Airport
in New York and then he chopped down to JFK
Stadium in Philadelphia. I must say, without boring the listeners
with the travel story, having been in Philadelphia, because I
wanted to run up the Rocky Stairs. I may release
that video one day, Michelle. But other than running up
and down the Rocky stairs and getting your photo taken
(26:56):
beside the Rocky statue, there ain't much to do in Philadelphia.
Here's the latest and rural News.
Speaker 1 (27:02):
The Country's world News with Cold Cadet, New Zealand's leading
right on lawn Bower brand. Visit steel Ford dot Cote
dot NZB for your local stockist.
Speaker 6 (27:12):
Zesprey Kew fruit growers will be able to vote from
this morning on a proposal to increase overseas production. The
company wants to expand its base by four hundred and
twenty hectares a year for the next six years across Italy, France, Japan,
South Korea and Greece. Chief executive officer Chasing Jason t
Break says or says sorry. They're trying to boost global
(27:32):
supply of the fruit. He says, over a number of
years they've created a demand for gold flesh Kiwi fruit
under their label, but at the moment they can't provide
enough supply to meet demand. And that's rural news. You
can find more at the Country dot co dot and.
Speaker 3 (27:45):
You have to say Zesprey along with the likes of Fonterra.
They're doing a good job for their growers and suppliers
at the moment.
Speaker 1 (27:53):
Sport with AFCO. Visit them online at AFCO dot co
dot NZ.
Speaker 3 (27:58):
And South Africa's jumped over Ilo to top spot in
world rugby rankings after beating Scotland thirty two point fifteen
in Edinburgh. And let's face it, Ireland didn't look like
the number one side in the world against US over
the weekend, did they? And that's not detracting from the
All Blacks performance whatsoever. Arsenal and Chelsea remain third equal
in Football's Premier League after a one all draw, but
(28:19):
the Gunners are frustrated, believing they dominated the encounter. And
American Taylor Fritz has started the ATP tennis finals with
the straight sets victory over Russian Danielle Medvedev. And I
was looking at the tennis rankings as you do during
your spare time the other day. In this I think
(28:39):
he's the only American in the top ten. Gone are
the days when the Americans are dominated, you know, Sampras
Agacy career or all those guys. It's totally dominated now
by European players. Right, we will take a break. On
the other side of it, Justin Kitto from Derry en Zena.
Remember if you want one of our four thun packs
(29:01):
courtesy of Emerson's the Extra Crispy pale Ale and Heartland Chips,
salten vinegar, green onion, maple bacon, just send us your
name and your full courier address. Michelle will pick out
some winners at the end of the show and give
you a bell. And for those of you who have
already won, don't panic. As Sergeant Schultz would say, your
chips are on the way. So's your bear right, Let's
(29:24):
take a break. Justin kiddo. On the other side, it
is today's good news story Fonterra lifting the midpoint for
that milk price for the current season to nine dollars fifty.
Will we get to ten? I don't know. Let's get
Dairy and Z's take on this one before we talk
about improving wintering practices and they can always get better.
(29:47):
Dairy and Zed's senior environments specialist, as Justin Kiddo, are
based out of Lincoln and Justin I reckon the old
dairy farmers would have had a bit of a spring
in their step this morning.
Speaker 8 (29:58):
Yeah, by the sols. It's a very positive, positive improvement,
isn't it.
Speaker 3 (30:03):
Yeah, well, if we can get to ten bucks, that
would be wonderful. We'd set a new land speed record.
Let's talk about the wintering of dairy cows. You've come
out with your annual summary. Obviously, the further south you go,
the more relevant this is because we're talking about wintering
dairy cows on fodder crops. I know just from driving
(30:24):
around south and my home province that the wintering practices
have vastly improved, but they've still got a way to go.
What are the numbers say?
Speaker 5 (30:33):
Yeah, so, yeah, you're right.
Speaker 8 (30:34):
We've had the survey sh and a significant improvement in
some practices over the last few years. So in particular,
we've got eighty percent of dairy farmers saying that they're
using a written wintering plan, and that's up from sixty
a couple of years ago. And the other thing that
we do know is that if a farmer has a
(30:54):
written wintering plan, they are more likely to implement more
good practices compared to a farmer that doesn't have a
written wintering plan.
Speaker 3 (31:04):
But the trouble with wintering dairy cows in Southland, or
in the lower part of the South Island, or even
some parts of the central North Island. No doubt where
we can get very cold winters is that it does rain,
there will be mud. Animals, believe it or not. In
places like Africa stand out in the rain and the mud.
That's just the circle of life. Without wanting to get
(31:25):
to lyon Kingish about it. So are we ever going
to please the fruit loops at Greenpeace?
Speaker 8 (31:32):
I think no, we probably won't. But what I am
confidence in is that farmers have worked really hard the
last few years to stand off the rough edges. And
you know, again this wintering survey has shown that, you know,
farmers have got contingency plans for these sorts of rainfall
events that are implementing more practices. I've got a plan
(31:54):
for how they're going to manage it. And yeah, they're
just getting those cows as comfortable as they can and
for when these extreme events do come and doing the
best that they can.
Speaker 3 (32:04):
I want to look at a couple of really positive
numbers just to wrap this. Ninety nine percent of respondents
had their stock excluded from waterways. That's pretty good. We
just got to sort out the one percent. That number
should be one hundred percent, but one hundred percent had
buffers around waterways to filter contaminants before they reach the waterway.
That is so important. Justin as I was saying to
(32:26):
you in the commercial break, I've been involved in a
dairy farm for twelve or thirteen years and when I
was driving around south and looking for some twelve or
thirteen years ago, I couldn't get over some of the
bad wintering practices. They're largely gone now.
Speaker 8 (32:42):
Yep, absolutely yes, And everyone that's involved in this says that,
even anecdotally, even visually, there's been a significance improvement in
wintering practices and it's very hard now to find some
bad practice.
Speaker 3 (32:56):
Hey, big weekend in christ Church or big week should
I say, in christ Church Cup and Show week? Are
you heading along? No?
Speaker 5 (33:03):
I won't be.
Speaker 7 (33:04):
I will be heading to the McKenzie Basin to go camping.
Speaker 8 (33:07):
IMPSH.
Speaker 3 (33:08):
What's the weather like in Canterbury at the moment? Bearing
in mind you're based at Lincoln, you're getting a bit dry.
Speaker 8 (33:14):
Well. Central Canterbury's probably doing all right. We've had a
little bit of rain in the last week, so it's
probably topped it up. But yeah, I'm aware that North
and South Canterbury. We're definitely letting a little bit of
moisture there.
Speaker 3 (33:27):
Yeah, well, nothing like a scheduling a show or a
one day Cricket International guaranteed rainmaker. Okay, Justin kiddo from
darry And said, thanks for your time.
Speaker 8 (33:36):
Awesome, thank you very much, have a great day.
Speaker 3 (33:39):
Well, thank you, justin twelve away from one up next
an excellent correction coming in. Thank you. We love being
corrected here on the country, especially when we're horribly wrong.
Your chance to win the fun packs from Emerson's and
Heartlands Chips, Heartland Chips and of course Big Phil Duncan
on the weather, the world, everyone was at Live Aid
(34:06):
Spandau Ballet, New Romantics from the eighties. Great band music
is subjective, of course. Now this is true. Where is
it gone? And it looks like I got caught out
telling porky pies by Phil Ropie half from Still It
wasn't Sergeant Schultz who said, don't panic. That belonged to
Lance Corporal Jones from Dad's Army. This is all over
(34:29):
Michelle's head. She's much too young to know these programs.
Sergeant Schultz was I know nothing all right, And the
other thing today that we've been remiss and not mentioning
Armistice Day, eleventh hour of the eleventh day of the
eleventh month, nineteen eighteen, the end of hostilities sort of
in World War One. I just showed Michelle the rock
(34:50):
I picked off anzac Cove Beach illegally too. I might
add my grandfather served there. My brother was, My late
brother was a war historian who wrote a lot about Gillipoli.
Very near and dear to my own heart. Great to
see RSA President Sir Wayne buck Shalford saying that even
if no key we World War One veterans are still alive,
(35:12):
it's important the memory of their sacrifice lives on. What
a great man to be heading the RSA up next
fell Duncan on the weather flag, fell Duncan to wrap
the country. Look, I was just reading fill your weather
(35:36):
watch report this morning. You make three points. Now that
we're in November, New Zealand still has most of our
weather being westerly driven. We're still going to see regular
cold fronts coming onto the country. And the most important
thing to note of all, New Zealand is going to
get more high pressure. I'm sure that will be welcomed
by some people in the country, especially down south. But
(35:57):
increasingly we're getting a bit dry on the east coast
of both islands. Probably not unusual for this time of
the year.
Speaker 9 (36:03):
Yeah, today it's not too unusual to be drying out
in the eastern side of the North Island, for example,
but we are certainly seeing places like Hawks Bay, Gisbon area,
even some parts now of Waikato and Northland and Auckland
are all starting to show signs of drying out, and
so that's been on the cards for a wee while.
(36:24):
There has been a bit of rain over the last
twenty four hours in the North at least, but it's
not very much. There might be the most lead of
thunderstorms this week here and there around the central North
Island inland areas of the South as well. They're not
going to be all over the place, but there is
a chance of some of those gownpours even with that
high coming through. But yeah, the next low comes through
(36:44):
on Friday, and then the next cold front sub at
least this weekend, and places like christ Churich go from
being fairly mild and dry during the middle of this
week to high maybe only twelve with showers on Saturday.
Speaker 3 (36:57):
Well, I hope it's good on Friday, I went, I'm
up there.
Speaker 9 (37:00):
That's a very good question. Friday's looking a little showery.
The front comes in, but it's still mild on Friday.
That fun that change comes through at some point on Fridays,
we've got low pressure crossing New Zealand.
Speaker 3 (37:11):
Okay, fell, I hope some of that low pressure or
the change gets all the way to Hawksby because I'm
looking at the Kneeward Drought map and I can tell
you it's getting increasingly dry in that area. Thanks for
your time, mate, Cheers, mate, thank you. There we go,
Phil Duncan from weather Watch. Remember if you want the
fun pack, the Michelle's in charge of these, and she's
promising to give you three different types of chips and
(37:34):
your fun pack be it on your head, Michelle. Right.
So there's the maple bacon, the salt and vinegar and
the green hangen and we're gonna pair that that's from
Heartland Chips. We're gonna pair that with the extra crispy
pale ale Knotty or endorsers text us on five double
O nine with your full courier address will ring you
if you win. See you tomorrow and.
Speaker 1 (37:57):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay. Thanks to Brent, your specialist in
John Deere machinery
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