May 7, 2025 • 39 mins
Jamie Mackay talks to Wayne Langford, Hayden Dillon, Karen Morrish, Chris Russell, and Pete Barnes.
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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 Prince, You're specialist in
John Deere construction equipment.
Speaker 2 (00:12):
Go sours.
Speaker 3 (00:14):
I hung a loon, you brown hos cut my baby blues.
Speaker 4 (00:21):
Here there was talking in Louiskey Gabby thinking baby, we
can have it all after all?
Speaker 5 (00:30):
Now is he holding around gold through rodeo?
Speaker 3 (00:33):
But now I'm my first baby. I'm tipping you pull
me back. Hell ahead of that is here your baby,
Johnny Captain crazy Zess guy a dread Why you fall?
Speaker 6 (00:47):
You'll get thing.
Speaker 4 (00:48):
I'll know all and see you out.
Speaker 3 (00:50):
Calloy up, cowboy out. Get a New Zealand and welcome
to the Country. She's good, isn't she a fun New
Zealand Music Month Katy Bell I think she might be
from South Canterbury. I'll do some homework on that one.
We're heading up the road from South Canterbury to the
Nelson region to kick off the show with the President
of Federated Farmers Wayne Langford. Has he sold his soul
(01:14):
to get a brand new Highlucks? That'll be the question
I'm asking him very shortly, and plus what are the
Feds been up to? I think they have had their
provincial agms. Hayden Dylan, this is an interesting one. After
a really good GDT auction yesterday. He reckons farmers need
to hedge their milk price. We'll tell you all about
(01:34):
that and how you can do it. Karen Morrish is
the chief executive of Apples and Pears end zed season
coming to an end. It's been a good one. Chris
Russell's a guy in Australia. Record prices for farmland, locust
plagues and why the Ossies aren't having a say and
electing a new pope. They've elected the same Prime minister
last weekend as well, and a monthly the trip around
(01:58):
the country. It's to Marlboro with PGG Rights and Pete
Barnes as we look at the live stock market. But
let's kick it off with Wayne Yolo. You only live once, Clank.
But what's all this I'm hearing about? You picking up
a brand new Toyota high Lux this afternoon? Wayne?
Speaker 7 (02:14):
Halfnoon?
Speaker 6 (02:15):
Jamie.
Speaker 7 (02:15):
Yeah, I'm literally standing at Bowater Toyota just picking up
the new twenty twenty five Highlucks. Pretty pretty excited. It's
an impressive looking beast and that it needs to be
to replace of Black Beauty, which I've been driving around
in for the last three years as well.
Speaker 3 (02:29):
So have you sold your soul to Toyota.
Speaker 7 (02:32):
Well, I feel like it's frown stones and glass out. Yeah.
Speaker 3 (02:37):
Well, well, I mean I drive around in one of
those Toyota Highlucks as I used to own a couple
back in the eighties. Yollow, that's how far I go
back with Toyota high Lucks. But it's the hybrid one.
They've got a bit of get up and go.
Speaker 7 (02:50):
Oh they do. Yeah, yeah, And I'm humbled by the
support that Bowwater Toyota, particularly here and Nelson give me.
You know, they've got them behind the work I was
doing both of them charity with the Yellow Farmer and
mental health and then ultimately feeds and feeds and everything
else as well. So they support me with a vehicle
to get around in, which is which is pretty awesome
(03:10):
considering the number of cas you can imagine I put
on an a year as well.
Speaker 3 (03:14):
Yeah, we'll just be careful not to leave it outside
the pub on a Friday night. Park it up. Okay,
that's right.
Speaker 7 (03:20):
I've actually I've actually checked a tent on the top
of it, so this one's got a new tent on
the top, which which oscarboy want have put on and
which is pretty awesome. So I can take missus missus
Yollow with me whenever.
Speaker 3 (03:31):
She's living the dream, she can sleep on top of
a tent on top of the Highlucks.
Speaker 7 (03:35):
That's right, Yeah, all right.
Speaker 3 (03:37):
Mind you the amount of traveling you do. Just imagine
the money you could save Federated Farmers levy payers if
you slept in the tent on the Highlucks everywhere you went.
Speaker 7 (03:46):
That's right. Just remember we're not levy pads. You remember
farmers passed because they want to remember that.
Speaker 3 (03:52):
All right, Well, let's continue on with that. I think
you've had You've done the rounds of the provincial agms.
What are the hot topics, what are the positives, what
are the negatives?
Speaker 7 (04:01):
Yeah, I've certainly started. I've been down in South and
been to Blenham Mom and Nelson today and up to
Hawk's Pay to Morray, so hot topics. You can imagine
down in South and there was a week before duck shooting,
so a fishing game and ducks were hot there. But
also you know pine trees, farm conversions into pine trees
and pest, which which really those who probably come together
(04:22):
as well, so you know, deer and what we're going
to do to control trol these issues as well, got up,
got up to Marlboro again. They were talking challenges, particularly
with wilding pines and what's going on in that space,
and a bit of bipartisan support probably needed from government
to work out how we deal with some of these issues.
And ultimately, you know, so it's not a political football
(04:42):
each election.
Speaker 3 (04:44):
Maybe we need to let the wild and pines go
and they can sequest us some carbon and we can
leave the good productive, pastoral and arable land for producing food.
Is that a silly idea?
Speaker 7 (04:56):
I know that's there are any of the situation at times.
But unfortunately some of these wilding pine to covering up
some pretty good quality of land as well, and so
that's how we get a hold of them before they
get away and totally totally immerse that country. So it's
an easy one to forget about for some because you know,
if you're not there, I was not looking in the
face every day, and it's easy to forget about. But
(05:17):
we I'm hearing more and more pressure from farmers that hey,
we need to get onto this one because it's getting
out of control.
Speaker 3 (05:23):
I reckon we're facing an ecological and environmental crisis with
this pine tree situation. And I'm all for production forestry
before you attack me on the text line. But you know,
and I know the governments tried to close the loopholes
last December. They haven't effectively closed them until the legislation
is through, and even then there's possible loopholes to get
(05:46):
in there. But we just need to stop productive land
going to pine trees. You know, you can plant twenty
five percent of your land class one to six and
pine trees if you want to. That's your choice on
your farm. And there's plenty of places on farms the
length and breadth of the country where we can plant
pine trees. It's the blanket planting that is the real.
Speaker 7 (06:06):
Worry, one hundred percent, and that's that's where we're sitting
as well. And as you said, come in and need to
get this through the House, get it through Parliament, and
get it signed off so that we can we can
stop any of this getting around the rules and dodging
anything that's happening. At the moment. We know that we've
got some farms still going in and that's a real
(06:27):
frustration for us because they're clearly getting around what was
announce December fourth on the on the farmer confidence to it.
Speaker 3 (06:33):
Hey, Wayne, I note that the government was pretty quick
and they've rushed it through the House, the legislation on
pay equity to save a couple of billion dollars and
to save save Nicholas budget which is coming up later
this month. Why couldn't they do the same thing with
the carbon farming.
Speaker 7 (06:49):
That's our thoughts exactly right. We're hearing a lot of talk,
So time to get on and get it done, because
every day that goes past, it seems that there's more
and more farms going in and these are just will
never get we'll never get back.
Speaker 3 (07:02):
So what else are you hearing at these provincial a gms.
Speaker 7 (07:08):
A lot of concern around where the where the emission
targets are going to end up and what we're doing
in that space and non sectly, what the what the
coalition government's views on it are. So you know, again
a lot of talk around you know, we're here for
farmers and we want to working for farmers. We'll kind
of announce now it's time for your money with emails
as as such, and and say, right, what are these
targets going to be and how are we going to
(07:29):
ensure that that farmers can keep farming the way that
we need to to support the country and to support
the government to do what they want to do.
Speaker 3 (07:36):
Do you reckon? Farmers are railing against this. I mean,
if the feedback on yesterday's show from Wayne McNee from
Agri zero in Z's anything to go by, they are
getting a bit.
Speaker 7 (07:47):
Fairal yeah, they we're certainly getting some pretty heated emails
come through to me and others and feeds as well.
We're we're fully understanding. We were sitting We've got the
meath Lane review, We've got the targets from view, and
it's a pretty clear number. Fourteen percent if the world
does does nothing, twenty four percent if the world does
a whole lot and the world meets its targets right.
(08:11):
And I've also said that we're on target hit twenty
percent by how sorry, ten percent by twenty thirty. That's
pretty simple mass for me now, four percent for the
next twenty years after that, Jamie will hurt that they
shouldn't need to be worrying about and they shouldn't certainly
be putting farmers under any more undue stress than they
need to be. You know, we've got it under control,
and just let us get on and get farming and
(08:34):
provide for the country like they want.
Speaker 6 (08:35):
Us to do. Well.
Speaker 3 (08:36):
Attrition's doing the job for us alone. Look at the
falls and livestock numbers, and the nineteen eighties we had
twenty two sheep per person in this country were now
down to four and a half. The dairy cattle have
dropped nearly one million. Beef cattle's the only one that's
that's treading water or staying the same. So the number
(08:56):
of ruminants we've got emitting methane as far less than
we had ten, twenty or thirty years ago.
Speaker 7 (09:03):
Yeah, that's right, that's right. And so and we're going
to look at the reasons why and the reasons why
that's happening, and obviously how we've achieved, how targets up
until now, and ultimately what effect that's having on global
emissions or on the planet warming as such. Right, and
that's why we're trying to get across. Hey, we understand
what you know. You may want these targets and you
may want to get it done. But hey, what are
(09:25):
we actually going to achieve with this and what's the
end result going to be? Because because we're here to
represent our farmers and where we're going and that's what
we want to do.
Speaker 3 (09:32):
Have you dried off yet on the Nelson phone?
Speaker 7 (09:35):
Not quite? I dried off forty yesterday and we carry
on right to the end of the month. Our factory
closes on the thirty first, and we'll send a bit
on in the last day as well. Well it looks
of it, So it's been a good autumn so far.
Speaker 3 (09:46):
Yeah, well, keep on making with the ten dollars plus payout.
What about this one? Because up after you up next
on the Country, I'm going to chat to Hayden Dylan,
who's Findex head of agribusiness, and he's urging farmers to
use hedging. Stra How did Geese to protect their income?
Speaker 6 (10:01):
I e.
Speaker 3 (10:02):
Fixed your milk price? Are you going to do any
of that?
Speaker 7 (10:05):
It was the first time I've had a look in
a long time this morning. Actually they won. So I
normally stay away from it because as soon as you
start hedging, you worry whether you've gained or lost, and
worried about it. I tend to wake up in the morning.
I'd like to wake up in the morning and not
worry about that. So yeah, Tom start thinking about it. Though,
with the numbers getting to where they are, it's with
people that are run slightly risky your businesses. It's an
(10:26):
option there to provide a bit of security. So yeah,
it's getting to that point where it's worth looking at.
But who knows where this market's going to go to?
An interesting place at the moment.
Speaker 3 (10:34):
What colors the new highlights.
Speaker 7 (10:36):
I've got a white one which hopefully won't show as
much dust as what the black one did because the
centerlar clean that thing I gotta do to you again.
So so yeah, it's going to be interesting. But looking
forward to getting getting monks that I'll send a photo
through as you can put up on your own.
Speaker 3 (10:49):
Yeah, you do that, And there could be an erection
tonight of the tent I'm talking about there why and
it could be date night with Missus Yolo and the
new Highlights seventeen. She is low, she is living the dream.
Speaker 7 (11:01):
She who loves a good ricktion. I can tell you
that much.
Speaker 3 (11:04):
Look, this conversation's going down. Hell, good luck getting the
tent up. I should leave it at that. This is
getting bad. All right, there we go. Wayne Langford, president
of Federated Farmer, is always very entertaining. Eighteen after twelve.
You are with the country. Send us your feedback in
on five double O nine and we'll do our best
(11:26):
to answer it or respond to it up next. It's
really interesting this the milk futures I think got for
the twenty five twenty sixth season got to nine dollars
ninety five yesterday after that really good global dairy trade auction.
Hayden Dylan is the head of Agribusiness for Findex. He
wants you farmers to go and fix your milk price.
(11:49):
We'll talk about that. Karen Morris, Chief Morrish, chief executive
of Apple and Pears n Z. Seasons coming to an end.
It's been a good one. Chris Russell's Ourrossie correspondent. Why
aren't they getting a say in electing the new pope.
They've re elected the old Prime Minister and Pete Barnes
from PGG Rights and Livestock out of the wine capital
(12:09):
of the country Marlborough. Jill tear Down.
Speaker 5 (12:15):
You'll tell me.
Speaker 3 (12:24):
As a bloke, I always enjoy catching up with over
a good George at Field Days. His name is Hayden Dillon.
He's the head of agri business for Findex. Now, Hayden,
you've been out recently in the media saying farmers or
you're urging farmers to embrace hedging strategies to protect their income,
especially dairy farmers, because there are so many options out there.
(12:46):
I note that the future's price as of the good
GDT yesterday is up to nearly ten dollars for next season.
You're urging farmers to lock some of that stuff.
Speaker 4 (12:55):
In, Jamie, not necessarily telling people to lock Yes. The
pitch we've got is that we're very blessed now to
have a lot of access to products that allow farmers
to hitch the milk price. And the flip side of
that is, if we see it, we've got huge volatility
with our markets and everything else. Just thought the Trump
(13:16):
the Trump syndrome at the moment. But you know, we're
looking at some good payouts and x ye well above
everyone's break evens. There's a real opportunity to start hedging
your milk price at that with different products. If we
do see a claps and price and I'm not suggesting
we will or there's going to be well, but no
one can really tell what the suit is going to be.
(13:37):
The point being that we've probably got use if we
are into a loan price in XT year or the
year after and we haven't taken advantage of those opportunities,
particularly if we're really susceptible to a lower parts.
Speaker 3 (13:48):
Hayden Dylan with us from Findex, I call it the
sleep at night test. I'm involved in a dairy partnership,
don't always agree with the other equity shareholders, but I'm
a big fan of a fixing milk and be fixing
interest rates. There are two of the variable costs that you.
Speaker 4 (14:04):
Can lock in, yeah, agreet and I think that for me,
the test is what will cost you more, because if
you take a hedge, it's a trade off. It's an
economic trade off. Your your buying certainty for a cost
to avoid uncertainty. And if the more price going lower
than your break even is going to cost you more
(14:24):
and hurt you more than missing out on some upside,
then the short answer is you should be looking at
a hedging policy and a hedging strategy.
Speaker 3 (14:33):
There are options through the likes of Fonterra and open
Country DA area two biggest dairy companies. They offer fixed
price offerings and I know our good mates Mike McIntyre
Jardin they do the n ZX trading. But there are
plenty of options out there.
Speaker 4 (14:50):
Yeah, and look Jarden have been the leaders on this
and marking. The team have done an amazing jobs, so
you know, full credit to them. They're really they've created
this market for farmers in New Zealand. But you'll see
Figurative come out with a product they've linked up with
a group in the UK, so you can actually go
into through their software and buy it put just since
you buy for lack of a better word, and insurance
(15:10):
preem them for your milk price for the following year.
So there's no shortage of options for farmers and no
shortage of products they can use. Well, I think we're
trump to say is they're there for you to use.
But every product has a little bit of its own nuance.
Every strategy needs to be considered in light of where
you'll break even as where the current marketer is, and
what products you use and how you enter into those products.
(15:32):
So there's actually quite a bit. At a high level.
It's really simple enough that what you're trying to achieve.
I guess when you break it down into how you
enter into those products and what you use, there is
quite a bit of thought to be applied around how
you do that to get what's best for you and
something that you can understand and like you said, sleep
well at night.
Speaker 3 (15:50):
Yeah. Well, obviously the simplest way is if you're supplying
the likes of Fonterra or Open Country Dairy, you would
just use their product one.
Speaker 4 (15:58):
Hundred steid so if you want to, it's not as liquid,
So you get the option and you go on there
with Frontier and you take some fixed milk, and that's great.
But you might be looking at the market and deciding
that there's better liquidity for you to take some futures
through the Jarden team, or are even looking at some
zero cost collars, or you might be buying put through
(16:18):
them rather than taking a fixed price at a certain time.
So it might be a combination of the both as well.
And I think that's where I'm getting some good advice
around putting together a hitting strategy, around opening yourself up
to all those products and working out what you're trying
to achieve, trying to average yourself into your hedging strategy
(16:39):
and then having a consideration for what products work at
wattos at what times.
Speaker 3 (16:43):
Just to finish on Findex of course, the artist formerly
known as Crowhl with one of the biggest accounting practices
in the country. You're dealing with a lot of farmers books.
How are they looking this season?
Speaker 4 (16:53):
Yeah, pretty good, really good, to be honest, Well, we've
actually had some pretty good years. Notice a difference from
the White Kiado guys do have a higher cost structure,
and we're to take the other end of the country
of the Southland guys have probably benefited further, you know
with the lower cost structure. The seasons have been pretty tough,
Like you've had a flip side on seasons. Spring was
(17:14):
brutal down on south and though great for Dutch sheading,
whereas White Kado had an amazing spring and then a
pretty brutal autumn. So it all tends to average itself out.
But overall, garing's going pretty well, sheet bets going pretty well,
interest rates coming down, we're shaping up pretty well.
Speaker 3 (17:33):
We're about to hit the sweet spot, let's hope, so
Findex Head of Agribusiness, Hayden Dylan see you at Field Days.
Speaker 6 (17:39):
Looking forward to it.
Speaker 4 (17:39):
Dann's chest yep.
Speaker 3 (17:41):
Counting the sleeps June fourteen, No, let me get that right,
June eleven to fourteen at Mystery, Craig. Now your feedbacks
most welcome on at text line five double nine or
through our social channels, whatever they are. Michelle looks after those.
I'm looking at the text machine here in the studio,
(18:02):
and this is an interesting one, kind of along the
lines of what I was saying to Wayne Langford. I
wonder if anyone has done this is Chris texting and says,
I wonder if anyone's done the calculations on the net
effect of planting pine trees on one hand and chopping
down millions of wilding pines on the other. And Chris says,
I reckon wilding pines look cool and quite natural in
(18:25):
their landscape. I'm not sure I agree with you on
that one, Chris, but you I mean, it does seem
rather ironic that we're spending a fortune chopping them down.
They do sequest a carbon, and then we're planting pine
trees on land that should be producing food. Let me
know your thoughts five double nine up next apples and pears. Yeah,
(18:46):
very productive trees. We're going to talk to the chief
executive of Z Apples and Pears, Karen Morrish. We're in there.
Speaker 4 (19:01):
He right on track, love deers up, run, cors part
down back.
Speaker 8 (19:08):
We had everything we needed and you're treating me like
maybe I'm the one.
Speaker 3 (19:14):
It has just gone twelve thirty here on the country.
I think I've got her on the other end of
the line, let's hope. So Chief Grant Jeremy, I have
there we go, There you go. Karen Morris, chief executive
of Apples Insied Apples and Peers season coming to an end?
Is everything off the trees?
Speaker 5 (19:31):
Karen just about Yes, we are quite literally in the
last few days. So it's the end is here now.
Speaker 3 (19:39):
It's been from what I hear, a good season.
Speaker 5 (19:42):
Yeah, it has. I mean, as I spoke earlier in
the year, we started well, the conditions were right, and
harvest has been fantastic, so we're pretty pleased with the
end result.
Speaker 3 (19:53):
Are you finding a home for all these apples and peers?
Speaker 5 (19:57):
Yes, certainly. The demand is strong. We've got a great
varietal mix that globally is very well liked. And yeah,
so it's I mean this year with the with the quality,
the color, the size, the increased packouts, it's yeah, it's
going to be a very good year.
Speaker 3 (20:15):
What about mister Trump and as tariffs, how's that affecting
horticultural exports?
Speaker 5 (20:22):
I think it continues to be a watching brief. It's
you know, you make a prediction and it changes the
next day. But certainly our exporters are watching how those
ebbs and flows happen, and you never know. There may
be an upside to some of it, but certainly it's
a watching game for sure.
Speaker 3 (20:38):
So the growers making good dollars, oh, that.
Speaker 5 (20:44):
I'll just say is yet to be determined. You know,
it's still early days in terms of what those returns
look like. We did with this season have the opportunity
to take advantage of an early market, and I know
that a lot of our exporters did, so we're certainly
very hopeful for those turns.
Speaker 3 (21:01):
How much of it isn't branding and packaging? And I
say that because I was playing golf with someone I've
forgotten who trouble as your memory fades when you get
a bit longer in the toothcare, but they had one
of those weed plastic cylinders with two little mini apples
in it. You know the we rocket, so I know
who it was, A rich friend of mine, Graham Smith.
I mean, you'd expect him to buy top shelf, but
(21:23):
I'm thinking that's a hell of a lot of plastic
and packaging for two little apples, which were delicious by
the way.
Speaker 5 (21:31):
Oh, I think all of our exporters are very conscious
of what the consumer wants, and you know when you
look at any of them, they're all working towards what
can we do to represent our product in a way
that's acceptable to the consumer and also with that sustainability
and environmental focus too.
Speaker 3 (21:48):
Anything else to add, Oh.
Speaker 5 (21:50):
I'd just say that the growers out there have had
it hard over the last few years and as you
well know, and we are very much hopeful that this
is going to be a year to to reset the balance.
Speaker 3 (22:01):
Good are we seeing also on following on from that?
Are we seeing increased plantings of apples and pears? I know,
for instance, we've got the dairy farm and Canterbury that's
been converted to apples. We know that in certain regions
some of that intensive dairy land is now going to
key we fruit. Are we seeing We're seeing much of
(22:22):
the same with apples.
Speaker 5 (22:24):
Our hectes are traditionally pretty static. But what we're seeing
is it's the replanting on existing blocks into whether it
be two D or different growing systems, and that's where
we're seeing the definite increases.
Speaker 3 (22:39):
Okay, Karen Morrish, thank you very much for your time,
and I do hope those apple growers and the pear growers,
as more apple growers than pear growers, have a good season,
especially those ones on the east coast of the North Island,
because they've got a wee bit of catching up to
do they have. Thank you very much, Jamie, thanks for
some of your time. Glad to be able to get
you on the line. Karen Morrish, Chief executive of NZ
(23:01):
Apples and Pears. Some of your feedback on five nine
about the wilding pines. I think Chris is right about
wilding pines. They are a resource. Use them for biomass,
for thermal generation and carbon sequestration, says Neil. Here's another
one from Roger. Do I need to read this before
(23:25):
I read it out. I'll take a punt Roger, Jamie,
I'd like to know the value of all capital stock
that has been slaughtered as we plant pine trees and
more importantly, what the capital has been spent on frivolous expenditure,
I'm sure, says Roger. And there's some feedback on the
(23:45):
futures trading or hedging your milk price as well. We'll
get back to that up after the break. Here on
the Country, it's the latest and rural news with Michelle.
We'll have sports news for you as well. I think
we've named our first test team, have we. You haven't
heard it, Michelle. I think we've named our first test team,
the Black Ferns. They got a very interesting year coming
(24:08):
up with the Rugby World Cup, so we'll have a
look at that one and sports news before the end
of the hour. The Assie election record, prices for farmland,
locust plagues and why the Ossies aren't electing and you
don't have to say in electing a new Pope. Chris
Russell Asie correspondent and Pete Barnes PGG writs and out
of Marlborough, So du.
Speaker 4 (24:41):
Pa alive alive.
Speaker 3 (24:48):
He was one of our great broadcasters of course here
on news Talk said beat the late great Sir Paul Holmes,
but he w wasn't much of a singer. Remember when
he put the album out it was truly awful. But
I guess if I wonder if the Hosk's gonna put
out on album, maybe he could as well. Who knows. Anyhow,
that's Paul Holmes New Zealand Music Month and the cover
(25:09):
of it. Hello Sailer, Yeah, Hello s yep Right. Here's
Michelle with Rural News, the.
Speaker 1 (25:18):
Country's world news with Coup Cadet, New Zealand's leading right
on lawn Bower brands it Steel for dot cot On
insip for your local stockist.
Speaker 8 (25:27):
And just when you thought the bad weather was over
for New Zealand, there are some warnings out. A fresh
bout of severe weather is due to move into night,
bringing thunderstorms and the chants of small tornadoes. Northland will
be under a severe thunderstorm watch with a swathe of
heavy rain strong wind alerts and that part of the
North Island. One hundred millimeters of rain has already fallen
(25:48):
in the South Island with Garforce one set to strike
later today, so keep your eyed out there. We'll have
a chat to Brandolino about that tomorrow from Neewak.
Speaker 3 (25:56):
Indeed we will. Here's Sport.
Speaker 4 (25:59):
Sport with AFCO.
Speaker 1 (26:01):
Visit them online at AFCO dot co dot nz.
Speaker 3 (26:04):
Here's the sports headlines in New Zealand. Rugby has posted
a nineteen point five million dollar loss for twenty twenty four.
I shouldn't say no. I won't say what I was
going to say. It would be unkind and uncharitable. Black
Fern's coach Alan Bunting has rewarded teenage fullback Braxton Sourrens
and McGhee with the start on debut for Saturday's Pack
(26:27):
four Test against Australia and Newcastle. She is a superstar
in the waiting looking forward to that one. Stars mid
quarter sam On Nathan will miss the start of the
A and Z Premiership after a strain of the medial
collateral ligament in a left knee, and Cricket's Central Stags
will play in July's Global Super League in Guyana. That
(26:50):
is your sports? You sad? There's one more here? A
warning for football fans to avoid outstaying their welcome at
next year's World Cup across the United States, Canada and Mexico.
Vice President jd Vance says extra time will be given.
Vice President jd Vance what's he talking about? World Cup?
(27:11):
For says extra time will be given a red card
for those seeking to defect or immigrate in the aftermath.
I see, if you're playing in the World Cup and
you decide to stay on in there, should have pre
read that one as well. Up next to our Ossie
correspondent Chris Russell, we're electing a new pope. Why aren't
the Aussie skidding a say he's our guy across the
(27:40):
ditch Chris Russell, our Aussie correspondent, Elbow wins the election.
No surprise there now. Dutton was called the Ossie Trump
and people just didn't like him, which is always fatal
for a politician.
Speaker 2 (27:53):
Chris, Yeah, well it is, And I mean, in some
ways you can say we're shallow because people do look
at someone and make an instant decision whether they like
the look of him or not, and then worry about
his policies. But whatever it was, they just didn't take
to him. I think a liberal politician famously said, no
(28:13):
one's ever going to vote with a bloke with a
head shaped like that. Just shows a hash shallows some
people can be But anyway, he is definitely gone. Now
I'd have to say, Jamie, the best is in this
election with the Green's leader has been thrown out on
his ear, and in fact the Green numbers have been
cut in half, so their influence, which was disproportionate their vote,
(28:35):
really has definitely been reduced and the Labor Party won't
be dependent on them for being able to govern, although
they still have significant say in the Senate, so there's
still going to be some negotiation in the Senate, but
in terms of the House of Reps, they're really gone,
and it is good that we've got a majority government
of one color or another and we don't have a
(28:56):
minority government, which has to count out all these very
left and right wing pressure groups that would otherwise be
more or less determining a lot of policy. I think
from a farmer's point of view, the next leader of
the Liberal Party looks like he or she will be
from the bush. The two favorites of Susan Lay, who
is from the elector of Farah, which in southern New
(29:18):
South Wales. She's based in Albury and she's a country
girl and she's currently the deputy leader. And the alternative
is Angus Taylor, who comes from a sheep farming family,
from the elector to Hume, also in southern New South
Wales and he's currently the Shadow Treasurer and so certainly
the Bush is getting a bit more say, but we
(29:39):
just don't have the electoral numbers in the Bush to
be very significant. The National Party, which is our country party,
if you like, did very well in this election. Well well,
Support didn't lose any seats and in fact increased their
seats in their say, in some seats, so it's sort
of good and bad news election. The great thing about Australia,
(30:02):
like New Zealand, is the sky didn't cloud over, the
world didn't collapse. We woke up the next morning and
we carry on business and knew with no guns, no rights,
And everyone's saying, well, that's democracy at work, Jamie.
Speaker 3 (30:14):
Chris, did you realize statistically bald men have a very
small chance of making it to the top jobs and politics?
Chris Luxon on our side of the testament is an exception,
but very few bald men make it anyhow. Let's move
on to the price of farmland and Australia record prices.
Speaker 2 (30:32):
Yes, well, this is interesting and of course a lot
of these prices are not necessarily determined by by agricultural value,
and that's always the concern, but prices for Australian farm
sales jumped almost seven percent last year to all record
average price. And just get a load of this two
(30:54):
hundred and thirty dollars per hect here. This is farm
sales all over the bush. The title of four point
seven million hectares was traded in twenty twenty four, which
is an area larger than the country of Denmark, and
the prices went up so significantly in that period. Of course,
the farm prices indout stricken states like South Australia, they
(31:19):
didn't go up as much, only one point seven percent,
but Queensland prices went up nine percent and twelve percent
in New South Wales. So the tallest or the greatest
increase was funnily enough in Tasmania, where prices went up
fourteen percent. I think there's a lot of Kiwis who
sort of hedging their bets and wandering over there, and
they have perhaps used to spending more money on land
than what we are in Australia.
Speaker 3 (31:40):
Jomie Yeah, and better climate for farming. I think Tasmania
very similar to New Zealand, which obviously has a better
climate for farming than Australia. I won't even get an
answer on that one. Look, you not not only have
to put up with an Australia a labor government, but
you also have to put up with locust plagues.
Speaker 2 (31:58):
Yes, well, these have been a thing which has really
been part of the Australian's farming history for many, many years.
I just spent some years doing some research on coming
up with ways of sticking some of these very toxic
chemicals onto the back of the locusts to kill them.
The most popular chemical here is a very dangerous chemical
(32:19):
called forntrathion, and in fact they put so little of
it out now because it is dangerous. Only two hundred
and fifty million leaders per hectare So when the planes
fly across the properties, the farmers look up and think
they're getting ripped off because they're not actually getting anything.
But only takes one tiny, little five micron drops suck
on the back on the back of a locust and
(32:42):
that is enough to kill it. But they've now got
millions of these pests have descended on parts of Coinsland
despite these controls, and the Plague Locus Commission is saying
that a plague is definitely possible if continue conditions continue
the way they are through till summer. So these locus
when they go across the property, if you've got your
(33:04):
washing on the line and the locus play goes over
the top, first of all, it gets dark and when
you come out the other side, all your washing's gone.
They'll just take anything with any fiber in it. They're
an extraordinary animal or insect and something that we really
want to avoid. And the plague Locus commissions run like
a war office. They do a fantastic job, but looks
(33:24):
like this might get ahead of them this.
Speaker 3 (33:26):
Year, Jamie one defender Sean. For the first time in
seventy years, no Australian citizen is part of the conclave
as a cardinal to elect the new Pope. Have you
seen the movie with Ralph Fines Conclave?
Speaker 2 (33:39):
Yeah?
Speaker 6 (33:39):
I have it.
Speaker 2 (33:40):
It was a great insight into the process. But for
the first time for seventy years, Australia won't have an
Australian citizen actually voting as part of that one hundred
and thirty three member conclave. And Bishop Bischok was appointed
by Francis last year, but he's not an Australian. It
won't become eligible until the end of this year, so
(34:03):
we sort of feel like we might be a bit
snub compared to New Zealand. Who have you already have
your native grown cardinal voting Jomie Hey, Chris.
Speaker 3 (34:12):
Russell, thank you very much for your time. Bring on
the white smoke from the Vatican City. That's going to
be fascinating. We'll see you next week, no worry. Eight
away from one up next. We wrapped the country with
Pete Barnes out of Marlborough. What are lambs doing in vineyards?
We'll tell you after the break. Monthly here on the
(34:42):
country we catch up with the team from PGG Rights
and Livestock, have a look at the state of the market.
Today we head to Sonny Old Blenham, at least I
assume it is there we catch Marlborough Livestock Manager Pete
Barnes and Pete you had your final calf sail for
the season yesterday in malbur and I'll tell you what
you need pockets of gold to buy calves this year
(35:04):
big bucks.
Speaker 6 (35:05):
Noon, Jamie. You've certainly been a strong finish to our
calf selling season down here. Expectations versus results often outlaid,
but today, yesterday certainly the results the expectations it was successful.
Speaker 3 (35:22):
Okay, is there going to be a margin? And of
course we don't know how much beef is going to
be worth next year. The forecasts are pretty promising, but
at these big dollars, you think they're still a margin
there for the finishers.
Speaker 6 (35:35):
That is the million dollar question. If you look at
some of the faces on the guys buying yesterday, it
see a little bit of pain in there for sure.
So I certainly hope so, because we're at the other
end of that too, of course, and we've got to
try and manage all these purchases out of these cattle.
Speaker 3 (35:53):
At the other end the calf's house finish, and you're
straight into the bull selling season and i'd imagine some
of those big black fellows, the anguses I'm talking about,
will be going for huge money.
Speaker 6 (36:06):
Yeah, there'll be some expectation and some stud breeders around
that will be looking on pretty carefully of what these
results of the sales have been in the rising beef schedules.
They'll be looking for the part the pound of flesh
out of it too, I'm sure, and I hope they
get it. They put a lot of hard work in.
Speaker 3 (36:27):
Something else that's or not unique to your area. But
of course Marlboro as the wine capital of the country,
you've got the lamb grazing in the vineyards as soon
as the grapes are off, you see in the lambs,
and once again that's good. But sourcing store lambs at
this time of the year is very expensive. Or do
they just take some grazing in for nothing? How does
(36:48):
it work?
Speaker 6 (36:50):
Look? Yeah, it takes a bit of managing, there's no
doubt about it. The grapes come off mid April, the
lambs will start to pour in. We're sort of back
long a few lambs, had them on hand, knowing that
they're going to come into the vineyards. We've kicked a
few back. We held a sail top of the South
(37:11):
of lambs sale in mid April, and knowing that we
had buying power here and that was successful. We buy
a number of lambs, and believe it or not, from
North Island and as far up as the King Country,
they've been coming down to us here. So we spread
the net and we prepare for it and we find
them ultimately, but we've had to pay for them, It's
(37:32):
no doubt about that.
Speaker 3 (37:33):
We haven't got a very good line and I'm going
to have to leave you, but I can't help yourself
in your neck of the woods. You're always I enjoyed
it much better when the Crusaders were no good last year.
This is coming from a Highlander supporter, and we look
like we could get the wooden spoon. You guys look
like you're back to your evil old ways. I wanning
super rugby.
Speaker 6 (37:53):
Yeah, were certainly on the ride and this week's head
the Head with the Chiefs will be something to to
get a bit of shine and I think we'll see
see your battle there and hopefully the Crusaders are on
the right side of it.
Speaker 3 (38:06):
Home advantage. You would almost favor the Crusaders. It is
going to be perhaps the best game of super rugby
thus far this year. Looking forward to it. Hey, Pete
Barnes out of Marlborough. Good luck with the ball selling
season coming up. Thank you, thanks Pete. That wraps the country.
I wonder if those lambs that are grazing in the
vineyards after the grapes are all off or most of
(38:26):
the grapes are off, sue a few of the grapes. Michelle,
you could have a seven Yon blanc flavored lamb. How
with that or just drunk lambs wandering around? Yeah, okay, look,
thank you very much for your time. Do appreciate it.
Remember send your feedback through on five double oh nine.
We'll try and get to it. I've got no idea
(38:47):
who's on the show tomorrow, but someone will be and
I think we'll be both here as well. We'll see
you then we'll leave you with the KB Bell.
Speaker 1 (38:59):
Cat the latest from the land. It's the Country Podcast
with Jamie McKay thanks to Brent Starkest of the leading
agriculture brands
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay. Thanks to Prince, You're specialist in
John Deere construction equipment.
Speaker 2 (00:12):
Go sours.
Speaker 3 (00:14):
I hung a loon, you brown hos cut my baby blues.
Speaker 4 (00:21):
Here there was talking in Louiskey Gabby thinking baby, we
can have it all after all?
Speaker 5 (00:30):
Now is he holding around gold through rodeo?
Speaker 3 (00:33):
But now I'm my first baby. I'm tipping you pull
me back. Hell ahead of that is here your baby,
Johnny Captain crazy Zess guy a dread Why you fall?
Speaker 6 (00:47):
You'll get thing.
Speaker 4 (00:48):
I'll know all and see you out.
Speaker 3 (00:50):
Calloy up, cowboy out. Get a New Zealand and welcome
to the Country. She's good, isn't she a fun New
Zealand Music Month Katy Bell I think she might be
from South Canterbury. I'll do some homework on that one.
We're heading up the road from South Canterbury to the
Nelson region to kick off the show with the President
of Federated Farmers Wayne Langford. Has he sold his soul
(01:14):
to get a brand new Highlucks? That'll be the question
I'm asking him very shortly, and plus what are the
Feds been up to? I think they have had their
provincial agms. Hayden Dylan, this is an interesting one. After
a really good GDT auction yesterday. He reckons farmers need
to hedge their milk price. We'll tell you all about
(01:34):
that and how you can do it. Karen Morrish is
the chief executive of Apples and Pears end zed season
coming to an end. It's been a good one. Chris
Russell's a guy in Australia. Record prices for farmland, locust
plagues and why the Ossies aren't having a say and
electing a new pope. They've elected the same Prime minister
last weekend as well, and a monthly the trip around
(01:58):
the country. It's to Marlboro with PGG Rights and Pete
Barnes as we look at the live stock market. But
let's kick it off with Wayne Yolo. You only live once, Clank.
But what's all this I'm hearing about? You picking up
a brand new Toyota high Lux this afternoon? Wayne?
Speaker 7 (02:14):
Halfnoon?
Speaker 6 (02:15):
Jamie.
Speaker 7 (02:15):
Yeah, I'm literally standing at Bowater Toyota just picking up
the new twenty twenty five Highlucks. Pretty pretty excited. It's
an impressive looking beast and that it needs to be
to replace of Black Beauty, which I've been driving around
in for the last three years as well.
Speaker 3 (02:29):
So have you sold your soul to Toyota.
Speaker 7 (02:32):
Well, I feel like it's frown stones and glass out. Yeah.
Speaker 3 (02:37):
Well, well, I mean I drive around in one of
those Toyota Highlucks as I used to own a couple
back in the eighties. Yollow, that's how far I go
back with Toyota high Lucks. But it's the hybrid one.
They've got a bit of get up and go.
Speaker 7 (02:50):
Oh they do. Yeah, yeah, And I'm humbled by the
support that Bowwater Toyota, particularly here and Nelson give me.
You know, they've got them behind the work I was
doing both of them charity with the Yellow Farmer and
mental health and then ultimately feeds and feeds and everything
else as well. So they support me with a vehicle
to get around in, which is which is pretty awesome
(03:10):
considering the number of cas you can imagine I put
on an a year as well.
Speaker 3 (03:14):
Yeah, we'll just be careful not to leave it outside
the pub on a Friday night. Park it up. Okay,
that's right.
Speaker 7 (03:20):
I've actually I've actually checked a tent on the top
of it, so this one's got a new tent on
the top, which which oscarboy want have put on and
which is pretty awesome. So I can take missus missus
Yollow with me whenever.
Speaker 3 (03:31):
She's living the dream, she can sleep on top of
a tent on top of the Highlucks.
Speaker 7 (03:35):
That's right, Yeah, all right.
Speaker 3 (03:37):
Mind you the amount of traveling you do. Just imagine
the money you could save Federated Farmers levy payers if
you slept in the tent on the Highlucks everywhere you went.
Speaker 7 (03:46):
That's right. Just remember we're not levy pads. You remember
farmers passed because they want to remember that.
Speaker 3 (03:52):
All right, Well, let's continue on with that. I think
you've had You've done the rounds of the provincial agms.
What are the hot topics, what are the positives, what
are the negatives?
Speaker 7 (04:01):
Yeah, I've certainly started. I've been down in South and
been to Blenham Mom and Nelson today and up to
Hawk's Pay to Morray, so hot topics. You can imagine
down in South and there was a week before duck shooting,
so a fishing game and ducks were hot there. But
also you know pine trees, farm conversions into pine trees
and pest, which which really those who probably come together
(04:22):
as well, so you know, deer and what we're going
to do to control trol these issues as well, got up,
got up to Marlboro again. They were talking challenges, particularly
with wilding pines and what's going on in that space,
and a bit of bipartisan support probably needed from government
to work out how we deal with some of these issues.
And ultimately, you know, so it's not a political football
(04:42):
each election.
Speaker 3 (04:44):
Maybe we need to let the wild and pines go
and they can sequest us some carbon and we can
leave the good productive, pastoral and arable land for producing food.
Is that a silly idea?
Speaker 7 (04:56):
I know that's there are any of the situation at times.
But unfortunately some of these wilding pine to covering up
some pretty good quality of land as well, and so
that's how we get a hold of them before they
get away and totally totally immerse that country. So it's
an easy one to forget about for some because you know,
if you're not there, I was not looking in the
face every day, and it's easy to forget about. But
(05:17):
we I'm hearing more and more pressure from farmers that hey,
we need to get onto this one because it's getting
out of control.
Speaker 3 (05:23):
I reckon we're facing an ecological and environmental crisis with
this pine tree situation. And I'm all for production forestry
before you attack me on the text line. But you know,
and I know the governments tried to close the loopholes
last December. They haven't effectively closed them until the legislation
is through, and even then there's possible loopholes to get
(05:46):
in there. But we just need to stop productive land
going to pine trees. You know, you can plant twenty
five percent of your land class one to six and
pine trees if you want to. That's your choice on
your farm. And there's plenty of places on farms the
length and breadth of the country where we can plant
pine trees. It's the blanket planting that is the real.
Speaker 7 (06:06):
Worry, one hundred percent, and that's that's where we're sitting
as well. And as you said, come in and need to
get this through the House, get it through Parliament, and
get it signed off so that we can we can
stop any of this getting around the rules and dodging
anything that's happening. At the moment. We know that we've
got some farms still going in and that's a real
(06:27):
frustration for us because they're clearly getting around what was
announce December fourth on the on the farmer confidence to it.
Speaker 3 (06:33):
Hey, Wayne, I note that the government was pretty quick
and they've rushed it through the House, the legislation on
pay equity to save a couple of billion dollars and
to save save Nicholas budget which is coming up later
this month. Why couldn't they do the same thing with
the carbon farming.
Speaker 7 (06:49):
That's our thoughts exactly right. We're hearing a lot of talk,
So time to get on and get it done, because
every day that goes past, it seems that there's more
and more farms going in and these are just will
never get we'll never get back.
Speaker 3 (07:02):
So what else are you hearing at these provincial a gms.
Speaker 7 (07:08):
A lot of concern around where the where the emission
targets are going to end up and what we're doing
in that space and non sectly, what the what the
coalition government's views on it are. So you know, again
a lot of talk around you know, we're here for
farmers and we want to working for farmers. We'll kind
of announce now it's time for your money with emails
as as such, and and say, right, what are these
targets going to be and how are we going to
(07:29):
ensure that that farmers can keep farming the way that
we need to to support the country and to support
the government to do what they want to do.
Speaker 3 (07:36):
Do you reckon? Farmers are railing against this. I mean,
if the feedback on yesterday's show from Wayne McNee from
Agri zero in Z's anything to go by, they are
getting a bit.
Speaker 7 (07:47):
Fairal yeah, they we're certainly getting some pretty heated emails
come through to me and others and feeds as well.
We're we're fully understanding. We were sitting We've got the
meath Lane review, We've got the targets from view, and
it's a pretty clear number. Fourteen percent if the world
does does nothing, twenty four percent if the world does
a whole lot and the world meets its targets right.
(08:11):
And I've also said that we're on target hit twenty
percent by how sorry, ten percent by twenty thirty. That's
pretty simple mass for me now, four percent for the
next twenty years after that, Jamie will hurt that they
shouldn't need to be worrying about and they shouldn't certainly
be putting farmers under any more undue stress than they
need to be. You know, we've got it under control,
and just let us get on and get farming and
(08:34):
provide for the country like they want.
Speaker 6 (08:35):
Us to do. Well.
Speaker 3 (08:36):
Attrition's doing the job for us alone. Look at the
falls and livestock numbers, and the nineteen eighties we had
twenty two sheep per person in this country were now
down to four and a half. The dairy cattle have
dropped nearly one million. Beef cattle's the only one that's
that's treading water or staying the same. So the number
(08:56):
of ruminants we've got emitting methane as far less than
we had ten, twenty or thirty years ago.
Speaker 7 (09:03):
Yeah, that's right, that's right. And so and we're going
to look at the reasons why and the reasons why
that's happening, and obviously how we've achieved, how targets up
until now, and ultimately what effect that's having on global
emissions or on the planet warming as such. Right, and
that's why we're trying to get across. Hey, we understand
what you know. You may want these targets and you
may want to get it done. But hey, what are
(09:25):
we actually going to achieve with this and what's the
end result going to be? Because because we're here to
represent our farmers and where we're going and that's what
we want to do.
Speaker 3 (09:32):
Have you dried off yet on the Nelson phone?
Speaker 7 (09:35):
Not quite? I dried off forty yesterday and we carry
on right to the end of the month. Our factory
closes on the thirty first, and we'll send a bit
on in the last day as well. Well it looks
of it, So it's been a good autumn so far.
Speaker 3 (09:46):
Yeah, well, keep on making with the ten dollars plus payout.
What about this one? Because up after you up next
on the Country, I'm going to chat to Hayden Dylan,
who's Findex head of agribusiness, and he's urging farmers to
use hedging. Stra How did Geese to protect their income?
Speaker 6 (10:01):
I e.
Speaker 3 (10:02):
Fixed your milk price? Are you going to do any
of that?
Speaker 7 (10:05):
It was the first time I've had a look in
a long time this morning. Actually they won. So I
normally stay away from it because as soon as you
start hedging, you worry whether you've gained or lost, and
worried about it. I tend to wake up in the morning.
I'd like to wake up in the morning and not
worry about that. So yeah, Tom start thinking about it. Though,
with the numbers getting to where they are, it's with
people that are run slightly risky your businesses. It's an
(10:26):
option there to provide a bit of security. So yeah,
it's getting to that point where it's worth looking at.
But who knows where this market's going to go to?
An interesting place at the moment.
Speaker 3 (10:34):
What colors the new highlights.
Speaker 7 (10:36):
I've got a white one which hopefully won't show as
much dust as what the black one did because the
centerlar clean that thing I gotta do to you again.
So so yeah, it's going to be interesting. But looking
forward to getting getting monks that I'll send a photo
through as you can put up on your own.
Speaker 3 (10:49):
Yeah, you do that, And there could be an erection
tonight of the tent I'm talking about there why and
it could be date night with Missus Yolo and the
new Highlights seventeen. She is low, she is living the dream.
Speaker 7 (11:01):
She who loves a good ricktion. I can tell you
that much.
Speaker 3 (11:04):
Look, this conversation's going down. Hell, good luck getting the
tent up. I should leave it at that. This is
getting bad. All right, there we go. Wayne Langford, president
of Federated Farmer, is always very entertaining. Eighteen after twelve.
You are with the country. Send us your feedback in
on five double O nine and we'll do our best
(11:26):
to answer it or respond to it up next. It's
really interesting this the milk futures I think got for
the twenty five twenty sixth season got to nine dollars
ninety five yesterday after that really good global dairy trade auction.
Hayden Dylan is the head of Agribusiness for Findex. He
wants you farmers to go and fix your milk price.
(11:49):
We'll talk about that. Karen Morris, Chief Morrish, chief executive
of Apple and Pears n Z. Seasons coming to an end.
It's been a good one. Chris Russell's Ourrossie correspondent. Why
aren't they getting a say in electing the new pope.
They've re elected the old Prime Minister and Pete Barnes
from PGG Rights and Livestock out of the wine capital
(12:09):
of the country Marlborough. Jill tear Down.
Speaker 5 (12:15):
You'll tell me.
Speaker 3 (12:24):
As a bloke, I always enjoy catching up with over
a good George at Field Days. His name is Hayden Dillon.
He's the head of agri business for Findex. Now, Hayden,
you've been out recently in the media saying farmers or
you're urging farmers to embrace hedging strategies to protect their income,
especially dairy farmers, because there are so many options out there.
(12:46):
I note that the future's price as of the good
GDT yesterday is up to nearly ten dollars for next season.
You're urging farmers to lock some of that stuff.
Speaker 4 (12:55):
In, Jamie, not necessarily telling people to lock Yes. The
pitch we've got is that we're very blessed now to
have a lot of access to products that allow farmers
to hitch the milk price. And the flip side of
that is, if we see it, we've got huge volatility
with our markets and everything else. Just thought the Trump
(13:16):
the Trump syndrome at the moment. But you know, we're
looking at some good payouts and x ye well above
everyone's break evens. There's a real opportunity to start hedging
your milk price at that with different products. If we
do see a claps and price and I'm not suggesting
we will or there's going to be well, but no
one can really tell what the suit is going to be.
(13:37):
The point being that we've probably got use if we
are into a loan price in XT year or the
year after and we haven't taken advantage of those opportunities,
particularly if we're really susceptible to a lower parts.
Speaker 3 (13:48):
Hayden Dylan with us from Findex, I call it the
sleep at night test. I'm involved in a dairy partnership,
don't always agree with the other equity shareholders, but I'm
a big fan of a fixing milk and be fixing
interest rates. There are two of the variable costs that you.
Speaker 4 (14:04):
Can lock in, yeah, agreet and I think that for me,
the test is what will cost you more, because if
you take a hedge, it's a trade off. It's an
economic trade off. Your your buying certainty for a cost
to avoid uncertainty. And if the more price going lower
than your break even is going to cost you more
(14:24):
and hurt you more than missing out on some upside,
then the short answer is you should be looking at
a hedging policy and a hedging strategy.
Speaker 3 (14:33):
There are options through the likes of Fonterra and open
Country DA area two biggest dairy companies. They offer fixed
price offerings and I know our good mates Mike McIntyre
Jardin they do the n ZX trading. But there are
plenty of options out there.
Speaker 4 (14:50):
Yeah, and look Jarden have been the leaders on this
and marking. The team have done an amazing jobs, so
you know, full credit to them. They're really they've created
this market for farmers in New Zealand. But you'll see
Figurative come out with a product they've linked up with
a group in the UK, so you can actually go
into through their software and buy it put just since
you buy for lack of a better word, and insurance
(15:10):
preem them for your milk price for the following year.
So there's no shortage of options for farmers and no
shortage of products they can use. Well, I think we're
trump to say is they're there for you to use.
But every product has a little bit of its own nuance.
Every strategy needs to be considered in light of where
you'll break even as where the current marketer is, and
what products you use and how you enter into those products.
(15:32):
So there's actually quite a bit. At a high level.
It's really simple enough that what you're trying to achieve.
I guess when you break it down into how you
enter into those products and what you use, there is
quite a bit of thought to be applied around how
you do that to get what's best for you and
something that you can understand and like you said, sleep
well at night.
Speaker 3 (15:50):
Yeah. Well, obviously the simplest way is if you're supplying
the likes of Fonterra or Open Country Dairy, you would
just use their product one.
Speaker 4 (15:58):
Hundred steid so if you want to, it's not as liquid,
So you get the option and you go on there
with Frontier and you take some fixed milk, and that's great.
But you might be looking at the market and deciding
that there's better liquidity for you to take some futures
through the Jarden team, or are even looking at some
zero cost collars, or you might be buying put through
(16:18):
them rather than taking a fixed price at a certain time.
So it might be a combination of the both as well.
And I think that's where I'm getting some good advice
around putting together a hitting strategy, around opening yourself up
to all those products and working out what you're trying
to achieve, trying to average yourself into your hedging strategy
(16:39):
and then having a consideration for what products work at
wattos at what times.
Speaker 3 (16:43):
Just to finish on Findex of course, the artist formerly
known as Crowhl with one of the biggest accounting practices
in the country. You're dealing with a lot of farmers books.
How are they looking this season?
Speaker 4 (16:53):
Yeah, pretty good, really good, to be honest, Well, we've
actually had some pretty good years. Notice a difference from
the White Kiado guys do have a higher cost structure,
and we're to take the other end of the country
of the Southland guys have probably benefited further, you know
with the lower cost structure. The seasons have been pretty tough,
Like you've had a flip side on seasons. Spring was
(17:14):
brutal down on south and though great for Dutch sheading,
whereas White Kado had an amazing spring and then a
pretty brutal autumn. So it all tends to average itself out.
But overall, garing's going pretty well, sheet bets going pretty well,
interest rates coming down, we're shaping up pretty well.
Speaker 3 (17:33):
We're about to hit the sweet spot, let's hope, so
Findex Head of Agribusiness, Hayden Dylan see you at Field Days.
Speaker 6 (17:39):
Looking forward to it.
Speaker 4 (17:39):
Dann's chest yep.
Speaker 3 (17:41):
Counting the sleeps June fourteen, No, let me get that right,
June eleven to fourteen at Mystery, Craig. Now your feedbacks
most welcome on at text line five double nine or
through our social channels, whatever they are. Michelle looks after those.
I'm looking at the text machine here in the studio,
(18:02):
and this is an interesting one, kind of along the
lines of what I was saying to Wayne Langford. I
wonder if anyone has done this is Chris texting and says,
I wonder if anyone's done the calculations on the net
effect of planting pine trees on one hand and chopping
down millions of wilding pines on the other. And Chris says,
I reckon wilding pines look cool and quite natural in
(18:25):
their landscape. I'm not sure I agree with you on
that one, Chris, but you I mean, it does seem
rather ironic that we're spending a fortune chopping them down.
They do sequest a carbon, and then we're planting pine
trees on land that should be producing food. Let me
know your thoughts five double nine up next apples and pears. Yeah,
(18:46):
very productive trees. We're going to talk to the chief
executive of Z Apples and Pears, Karen Morrish. We're in there.
Speaker 4 (19:01):
He right on track, love deers up, run, cors part
down back.
Speaker 8 (19:08):
We had everything we needed and you're treating me like
maybe I'm the one.
Speaker 3 (19:14):
It has just gone twelve thirty here on the country.
I think I've got her on the other end of
the line, let's hope. So Chief Grant Jeremy, I have
there we go, There you go. Karen Morris, chief executive
of Apples Insied Apples and Peers season coming to an end?
Is everything off the trees?
Speaker 5 (19:31):
Karen just about Yes, we are quite literally in the
last few days. So it's the end is here now.
Speaker 3 (19:39):
It's been from what I hear, a good season.
Speaker 5 (19:42):
Yeah, it has. I mean, as I spoke earlier in
the year, we started well, the conditions were right, and
harvest has been fantastic, so we're pretty pleased with the
end result.
Speaker 3 (19:53):
Are you finding a home for all these apples and peers?
Speaker 5 (19:57):
Yes, certainly. The demand is strong. We've got a great
varietal mix that globally is very well liked. And yeah,
so it's I mean this year with the with the quality,
the color, the size, the increased packouts, it's yeah, it's
going to be a very good year.
Speaker 3 (20:15):
What about mister Trump and as tariffs, how's that affecting
horticultural exports?
Speaker 5 (20:22):
I think it continues to be a watching brief. It's
you know, you make a prediction and it changes the
next day. But certainly our exporters are watching how those
ebbs and flows happen, and you never know. There may
be an upside to some of it, but certainly it's
a watching game for sure.
Speaker 3 (20:38):
So the growers making good dollars, oh, that.
Speaker 5 (20:44):
I'll just say is yet to be determined. You know,
it's still early days in terms of what those returns
look like. We did with this season have the opportunity
to take advantage of an early market, and I know
that a lot of our exporters did, so we're certainly
very hopeful for those turns.
Speaker 3 (21:01):
How much of it isn't branding and packaging? And I
say that because I was playing golf with someone I've
forgotten who trouble as your memory fades when you get
a bit longer in the toothcare, but they had one
of those weed plastic cylinders with two little mini apples
in it. You know the we rocket, so I know
who it was, A rich friend of mine, Graham Smith.
I mean, you'd expect him to buy top shelf, but
(21:23):
I'm thinking that's a hell of a lot of plastic
and packaging for two little apples, which were delicious by
the way.
Speaker 5 (21:31):
Oh, I think all of our exporters are very conscious
of what the consumer wants, and you know when you
look at any of them, they're all working towards what
can we do to represent our product in a way
that's acceptable to the consumer and also with that sustainability
and environmental focus too.
Speaker 3 (21:48):
Anything else to add, Oh.
Speaker 5 (21:50):
I'd just say that the growers out there have had
it hard over the last few years and as you
well know, and we are very much hopeful that this
is going to be a year to to reset the balance.
Speaker 3 (22:01):
Good are we seeing also on following on from that?
Are we seeing increased plantings of apples and pears? I know,
for instance, we've got the dairy farm and Canterbury that's
been converted to apples. We know that in certain regions
some of that intensive dairy land is now going to
key we fruit. Are we seeing We're seeing much of
(22:22):
the same with apples.
Speaker 5 (22:24):
Our hectes are traditionally pretty static. But what we're seeing
is it's the replanting on existing blocks into whether it
be two D or different growing systems, and that's where
we're seeing the definite increases.
Speaker 3 (22:39):
Okay, Karen Morrish, thank you very much for your time,
and I do hope those apple growers and the pear growers,
as more apple growers than pear growers, have a good season,
especially those ones on the east coast of the North Island,
because they've got a wee bit of catching up to
do they have. Thank you very much, Jamie, thanks for
some of your time. Glad to be able to get
you on the line. Karen Morrish, Chief executive of NZ
(23:01):
Apples and Pears. Some of your feedback on five nine
about the wilding pines. I think Chris is right about
wilding pines. They are a resource. Use them for biomass,
for thermal generation and carbon sequestration, says Neil. Here's another
one from Roger. Do I need to read this before
(23:25):
I read it out. I'll take a punt Roger, Jamie,
I'd like to know the value of all capital stock
that has been slaughtered as we plant pine trees and
more importantly, what the capital has been spent on frivolous expenditure,
I'm sure, says Roger. And there's some feedback on the
(23:45):
futures trading or hedging your milk price as well. We'll
get back to that up after the break. Here on
the Country, it's the latest and rural news with Michelle.
We'll have sports news for you as well. I think
we've named our first test team, have we. You haven't
heard it, Michelle. I think we've named our first test team,
the Black Ferns. They got a very interesting year coming
(24:08):
up with the Rugby World Cup, so we'll have a
look at that one and sports news before the end
of the hour. The Assie election record, prices for farmland,
locust plagues and why the Ossies aren't electing and you
don't have to say in electing a new Pope. Chris
Russell Asie correspondent and Pete Barnes PGG writs and out
of Marlborough, So du.
Speaker 4 (24:41):
Pa alive alive.
Speaker 3 (24:48):
He was one of our great broadcasters of course here
on news Talk said beat the late great Sir Paul Holmes,
but he w wasn't much of a singer. Remember when
he put the album out it was truly awful. But
I guess if I wonder if the Hosk's gonna put
out on album, maybe he could as well. Who knows. Anyhow,
that's Paul Holmes New Zealand Music Month and the cover
(25:09):
of it. Hello Sailer, Yeah, Hello s yep Right. Here's
Michelle with Rural News, the.
Speaker 1 (25:18):
Country's world news with Coup Cadet, New Zealand's leading right
on lawn Bower brands it Steel for dot cot On
insip for your local stockist.
Speaker 8 (25:27):
And just when you thought the bad weather was over
for New Zealand, there are some warnings out. A fresh
bout of severe weather is due to move into night,
bringing thunderstorms and the chants of small tornadoes. Northland will
be under a severe thunderstorm watch with a swathe of
heavy rain strong wind alerts and that part of the
North Island. One hundred millimeters of rain has already fallen
(25:48):
in the South Island with Garforce one set to strike
later today, so keep your eyed out there. We'll have
a chat to Brandolino about that tomorrow from Neewak.
Speaker 3 (25:56):
Indeed we will. Here's Sport.
Speaker 4 (25:59):
Sport with AFCO.
Speaker 1 (26:01):
Visit them online at AFCO dot co dot nz.
Speaker 3 (26:04):
Here's the sports headlines in New Zealand. Rugby has posted
a nineteen point five million dollar loss for twenty twenty four.
I shouldn't say no. I won't say what I was
going to say. It would be unkind and uncharitable. Black
Fern's coach Alan Bunting has rewarded teenage fullback Braxton Sourrens
and McGhee with the start on debut for Saturday's Pack
(26:27):
four Test against Australia and Newcastle. She is a superstar
in the waiting looking forward to that one. Stars mid
quarter sam On Nathan will miss the start of the
A and Z Premiership after a strain of the medial
collateral ligament in a left knee, and Cricket's Central Stags
will play in July's Global Super League in Guyana. That
(26:50):
is your sports? You sad? There's one more here? A
warning for football fans to avoid outstaying their welcome at
next year's World Cup across the United States, Canada and Mexico.
Vice President jd Vance says extra time will be given.
Vice President jd Vance what's he talking about? World Cup?
(27:11):
For says extra time will be given a red card
for those seeking to defect or immigrate in the aftermath.
I see, if you're playing in the World Cup and
you decide to stay on in there, should have pre
read that one as well. Up next to our Ossie
correspondent Chris Russell, we're electing a new pope. Why aren't
the Aussie skidding a say he's our guy across the
(27:40):
ditch Chris Russell, our Aussie correspondent, Elbow wins the election.
No surprise there now. Dutton was called the Ossie Trump
and people just didn't like him, which is always fatal
for a politician.
Speaker 2 (27:53):
Chris, Yeah, well it is, And I mean, in some
ways you can say we're shallow because people do look
at someone and make an instant decision whether they like
the look of him or not, and then worry about
his policies. But whatever it was, they just didn't take
to him. I think a liberal politician famously said, no
(28:13):
one's ever going to vote with a bloke with a
head shaped like that. Just shows a hash shallows some
people can be But anyway, he is definitely gone. Now
I'd have to say, Jamie, the best is in this
election with the Green's leader has been thrown out on
his ear, and in fact the Green numbers have been
cut in half, so their influence, which was disproportionate their vote,
(28:35):
really has definitely been reduced and the Labor Party won't
be dependent on them for being able to govern, although
they still have significant say in the Senate, so there's
still going to be some negotiation in the Senate, but
in terms of the House of Reps, they're really gone,
and it is good that we've got a majority government
of one color or another and we don't have a
(28:56):
minority government, which has to count out all these very
left and right wing pressure groups that would otherwise be
more or less determining a lot of policy. I think
from a farmer's point of view, the next leader of
the Liberal Party looks like he or she will be
from the bush. The two favorites of Susan Lay, who
is from the elector of Farah, which in southern New
(29:18):
South Wales. She's based in Albury and she's a country
girl and she's currently the deputy leader. And the alternative
is Angus Taylor, who comes from a sheep farming family,
from the elector to Hume, also in southern New South
Wales and he's currently the Shadow Treasurer and so certainly
the Bush is getting a bit more say, but we
(29:39):
just don't have the electoral numbers in the Bush to
be very significant. The National Party, which is our country party,
if you like, did very well in this election. Well well,
Support didn't lose any seats and in fact increased their
seats in their say, in some seats, so it's sort
of good and bad news election. The great thing about Australia,
(30:02):
like New Zealand, is the sky didn't cloud over, the
world didn't collapse. We woke up the next morning and
we carry on business and knew with no guns, no rights,
And everyone's saying, well, that's democracy at work, Jamie.
Speaker 3 (30:14):
Chris, did you realize statistically bald men have a very
small chance of making it to the top jobs and politics?
Chris Luxon on our side of the testament is an exception,
but very few bald men make it anyhow. Let's move
on to the price of farmland and Australia record prices.
Speaker 2 (30:32):
Yes, well, this is interesting and of course a lot
of these prices are not necessarily determined by by agricultural value,
and that's always the concern, but prices for Australian farm
sales jumped almost seven percent last year to all record
average price. And just get a load of this two
(30:54):
hundred and thirty dollars per hect here. This is farm
sales all over the bush. The title of four point
seven million hectares was traded in twenty twenty four, which
is an area larger than the country of Denmark, and
the prices went up so significantly in that period. Of course,
the farm prices indout stricken states like South Australia, they
(31:19):
didn't go up as much, only one point seven percent,
but Queensland prices went up nine percent and twelve percent
in New South Wales. So the tallest or the greatest
increase was funnily enough in Tasmania, where prices went up
fourteen percent. I think there's a lot of Kiwis who
sort of hedging their bets and wandering over there, and
they have perhaps used to spending more money on land
than what we are in Australia.
Speaker 3 (31:40):
Jomie Yeah, and better climate for farming. I think Tasmania
very similar to New Zealand, which obviously has a better
climate for farming than Australia. I won't even get an
answer on that one. Look, you not not only have
to put up with an Australia a labor government, but
you also have to put up with locust plagues.
Speaker 2 (31:58):
Yes, well, these have been a thing which has really
been part of the Australian's farming history for many, many years.
I just spent some years doing some research on coming
up with ways of sticking some of these very toxic
chemicals onto the back of the locusts to kill them.
The most popular chemical here is a very dangerous chemical
(32:19):
called forntrathion, and in fact they put so little of
it out now because it is dangerous. Only two hundred
and fifty million leaders per hectare So when the planes
fly across the properties, the farmers look up and think
they're getting ripped off because they're not actually getting anything.
But only takes one tiny, little five micron drops suck
on the back on the back of a locust and
(32:42):
that is enough to kill it. But they've now got
millions of these pests have descended on parts of Coinsland
despite these controls, and the Plague Locus Commission is saying
that a plague is definitely possible if continue conditions continue
the way they are through till summer. So these locus
when they go across the property, if you've got your
(33:04):
washing on the line and the locus play goes over
the top, first of all, it gets dark and when
you come out the other side, all your washing's gone.
They'll just take anything with any fiber in it. They're
an extraordinary animal or insect and something that we really
want to avoid. And the plague Locus commissions run like
a war office. They do a fantastic job, but looks
(33:24):
like this might get ahead of them this.
Speaker 3 (33:26):
Year, Jamie one defender Sean. For the first time in
seventy years, no Australian citizen is part of the conclave
as a cardinal to elect the new Pope. Have you
seen the movie with Ralph Fines Conclave?
Speaker 2 (33:39):
Yeah?
Speaker 6 (33:39):
I have it.
Speaker 2 (33:40):
It was a great insight into the process. But for
the first time for seventy years, Australia won't have an
Australian citizen actually voting as part of that one hundred
and thirty three member conclave. And Bishop Bischok was appointed
by Francis last year, but he's not an Australian. It
won't become eligible until the end of this year, so
(34:03):
we sort of feel like we might be a bit
snub compared to New Zealand. Who have you already have
your native grown cardinal voting Jomie Hey, Chris.
Speaker 3 (34:12):
Russell, thank you very much for your time. Bring on
the white smoke from the Vatican City. That's going to
be fascinating. We'll see you next week, no worry. Eight
away from one up next. We wrapped the country with
Pete Barnes out of Marlborough. What are lambs doing in vineyards?
We'll tell you after the break. Monthly here on the
(34:42):
country we catch up with the team from PGG Rights
and Livestock, have a look at the state of the market.
Today we head to Sonny Old Blenham, at least I
assume it is there we catch Marlborough Livestock Manager Pete
Barnes and Pete you had your final calf sail for
the season yesterday in malbur and I'll tell you what
you need pockets of gold to buy calves this year
(35:04):
big bucks.
Speaker 6 (35:05):
Noon, Jamie. You've certainly been a strong finish to our
calf selling season down here. Expectations versus results often outlaid,
but today, yesterday certainly the results the expectations it was successful.
Speaker 3 (35:22):
Okay, is there going to be a margin? And of
course we don't know how much beef is going to
be worth next year. The forecasts are pretty promising, but
at these big dollars, you think they're still a margin
there for the finishers.
Speaker 6 (35:35):
That is the million dollar question. If you look at
some of the faces on the guys buying yesterday, it
see a little bit of pain in there for sure.
So I certainly hope so, because we're at the other
end of that too, of course, and we've got to
try and manage all these purchases out of these cattle.
Speaker 3 (35:53):
At the other end the calf's house finish, and you're
straight into the bull selling season and i'd imagine some
of those big black fellows, the anguses I'm talking about,
will be going for huge money.
Speaker 6 (36:06):
Yeah, there'll be some expectation and some stud breeders around
that will be looking on pretty carefully of what these
results of the sales have been in the rising beef schedules.
They'll be looking for the part the pound of flesh
out of it too, I'm sure, and I hope they
get it. They put a lot of hard work in.
Speaker 3 (36:27):
Something else that's or not unique to your area. But
of course Marlboro as the wine capital of the country,
you've got the lamb grazing in the vineyards as soon
as the grapes are off, you see in the lambs,
and once again that's good. But sourcing store lambs at
this time of the year is very expensive. Or do
they just take some grazing in for nothing? How does
(36:48):
it work?
Speaker 6 (36:50):
Look? Yeah, it takes a bit of managing, there's no
doubt about it. The grapes come off mid April, the
lambs will start to pour in. We're sort of back
long a few lambs, had them on hand, knowing that
they're going to come into the vineyards. We've kicked a
few back. We held a sail top of the South
(37:11):
of lambs sale in mid April, and knowing that we
had buying power here and that was successful. We buy
a number of lambs, and believe it or not, from
North Island and as far up as the King Country,
they've been coming down to us here. So we spread
the net and we prepare for it and we find
them ultimately, but we've had to pay for them, It's
(37:32):
no doubt about that.
Speaker 3 (37:33):
We haven't got a very good line and I'm going
to have to leave you, but I can't help yourself
in your neck of the woods. You're always I enjoyed
it much better when the Crusaders were no good last year.
This is coming from a Highlander supporter, and we look
like we could get the wooden spoon. You guys look
like you're back to your evil old ways. I wanning
super rugby.
Speaker 6 (37:53):
Yeah, were certainly on the ride and this week's head
the Head with the Chiefs will be something to to
get a bit of shine and I think we'll see
see your battle there and hopefully the Crusaders are on
the right side of it.
Speaker 3 (38:06):
Home advantage. You would almost favor the Crusaders. It is
going to be perhaps the best game of super rugby
thus far this year. Looking forward to it. Hey, Pete
Barnes out of Marlborough. Good luck with the ball selling
season coming up. Thank you, thanks Pete. That wraps the country.
I wonder if those lambs that are grazing in the
vineyards after the grapes are all off or most of
(38:26):
the grapes are off, sue a few of the grapes. Michelle,
you could have a seven Yon blanc flavored lamb. How
with that or just drunk lambs wandering around? Yeah, okay, look,
thank you very much for your time. Do appreciate it.
Remember send your feedback through on five double oh nine.
We'll try and get to it. I've got no idea
(38:47):
who's on the show tomorrow, but someone will be and
I think we'll be both here as well. We'll see
you then we'll leave you with the KB Bell.
Speaker 1 (38:59):
Cat the latest from the land. It's the Country Podcast
with Jamie McKay thanks to Brent Starkest of the leading
agriculture brands
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