November 6, 2024 • 36 mins
Jamie Mackay talks to Winston Peters, Emma Higgins, Chris McCullough, Dr Jacqueline Rowarth, and Chris Russell.
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Speaker 1 (00:01):
Catch you all the latest from the land. It's the
Country Podcast with Jamie McKay. Thanks to friend You're specialist
in John deare construction equipment.
Speaker 2 (00:17):
Start?
Speaker 3 (00:20):
Are you gathering up the jam?
Speaker 4 (00:27):
Gooday, New Zealand. Welcome to the Country. Brought to you
by Brandt bit a Steely Dan for you for Steely Dawn.
What a day it was yesterday I was speaking Trump,
but I didn't expect the result to be that one side.
It will have some analysis for you on the show
today about what this victory might mean for us as
(00:51):
New Zealand. New Zealanders and New Zealand farmers. Winston Peters
were going to get his take on veteran politicians ruling
the world. Higgins will join us at a Rabobank November
Agri Business Outlook report has just been released. Good prospects
by the way for dairy, beef, sheep, meat and interest rates.
(01:11):
Things are looking good on the farm. Just need the
weather to come right. Chris McCullough. Earlier this morning I
caught up with him these new blood on the show
and Irish agri business journalists talking farming Trump and of
course forty how good is that test match going to be?
Saturday morning, Our Time against Ireland. Doctor jaquilln Roweth has
(01:31):
been at the annual Grassland's Conference in Oamaru. We'll catch
up with her and Chris Russell's our Ossie correspondent. What
does the Trump victory mean for Australia. Some interesting thoughts
from Chris Russell Michelle All have the latest and urural
news for you and we will update sport. But let's
(01:51):
be honest about it. Today it's all about Steley don
Are you.
Speaker 3 (02:13):
Well?
Speaker 4 (02:13):
It is today's big news story. Donald Trump becomes the
forty seventh president of the United States of America. What
is it about seventy eight year olds that give them
such energy? Let's ask a seventy nine year old politician,
Winston Peters your claiming glory. You said you picked this
like a dirty nose.
Speaker 5 (02:32):
No, I didn't say that at all. I just believe
that when you are asked sometimes about what's going to
happen in the election, too many people give the view
of what they want to happen rather than what the
people want to happen. They don't read them up bubbly.
They don't ask the ordinary people. I don't ask the
work as many woman out there, who, after all, have
got the majority of the vote, and that's why they
get it so wrong so many times in our country
(02:53):
and elsewhere.
Speaker 4 (02:54):
Now I reckon part of Trump's victory was based around
a war on wokeness.
Speaker 5 (03:00):
People have had enough, no doubt about that. But he
went out and spoke to a whole lot of people
who would never expect to be spoken to. When he
talked about vating the swamp with respect to Washington, it
was as much about Republicans who were in the swamp
as the word interfests, and so he owned up a
whole new area of people, some of whom had never
ministered vote in thirty five years of adulthood and were
(03:23):
voting for the first time. When you see that as
in twenty sixteen. He was interrupted, of course, in twenty
twenty by the COVID election, which all of the world
had an adverse effect, regardless of what you've thought, But
clearly nothing had changed from twenty sixteen to twenty twenty
four when he went out to the same constituency and
they profoundly gave a massive answer, so that Carmela House
(03:44):
went down by about fifteen million votes from what they
expected to get.
Speaker 4 (03:48):
Is Karmala Harris Ja Cinderad in two point zero.
Speaker 5 (03:53):
Ah. Look, I'm not going to get into those sorts
of arguments or statements. The reality is that some people
are awfully lucky to get chance, and they blow it,
and they do get a chance. And the long term
legacy is not what the media say it is. It's
not what a certain section of the work Vider says
it is. It's what the long term legacy in terms
of where they made changes that endured is and that
(04:14):
do not happen in either case, did it?
Speaker 4 (04:17):
Now you're going to have to deal with Donald Trump.
Have you met him before?
Speaker 5 (04:22):
Look, the answer is I've been in the same room,
and I don't go and shake people's hands like some people.
I don't line up for self east, but I know
esteem has seuto well, and I left in place as
I came back, as from as the people in Washington
who know the Republic have been and can hit the
ground running as off per day or when the moment
he's sworn in. So yes, we're set to go. It
(04:44):
won't be easy. It would be definitely be very hard
for us to persuade ourselves. Would be an exemption of
the tariff regime. So we've got a tremendous argument and
we're going to make it and hope very successful.
Speaker 4 (04:54):
Now do you think he's all talk on the tariffs?
I neither are going to be an introduction of tariffs
of some sort. But will it be a universal imposition?
Speaker 5 (05:04):
When you say university could not promise that. He promised
it in certain cases where he thought the nation's working
exploiting the American market, him to the center of dumping.
None of that can be elected against him in England,
so he did not say it against the universality. Some
countries would be an exception, and we need to make
sure there'll be one of them. This is going to
be awfully hard, given that we did have, for example,
(05:28):
some of our former politicians poking their noses to the
American election, which is a very adverse thing. And I've
watched that some people in this country as journalists actually
came out and medically at the time, and they should
not be doing that. We all paid the price for
their poking their noses to some other countries' election. It's
for the American people to side, and the American people
are spoken.
Speaker 4 (05:46):
What politicians in this country have somebody knows that Trump.
Who are you referring to?
Speaker 5 (05:52):
Well, the former prime messages and in the campaign for
the Democratic Party. You know that, don't you surely? And
while am I talking experience guy like you and you're
playing out for the first time after the election.
Speaker 4 (06:05):
Well, no, I was just asking you to confirm what
I was thinking.
Speaker 6 (06:08):
That was all.
Speaker 4 (06:08):
I didn't want to sound dumb on national radio, Winston
look on a serious note. I mean, this is a
serious conversation. Of course, the US at the moment, as
it stands as our number one market for red meat,
red meat, should I say, while China steps back a bit,
number one for wine. It's just such an incredibly important
(06:31):
market for US. That's one side of the equation. And
then there's the geopolitical side. And I know you have
nailed your colors fairly and squarely and firmly to the red, white,
and blue.
Speaker 5 (06:46):
Well when you say that, no, we've had a friendship
with these countries for hundred sea however, well of one
hundred years a formation of a friendship. And when don't
you say, now, the US know what we've said is
that we did. We stand for the world of law,
we sand for democracy, we stand for freedom. And when
countries share our value is we can work together much better.
(07:07):
That's all we've ever said. And this is anything. And
I'm very saddened by the fact that our relationship with
the United States has been tarnished by jingderism and bad manners.
And do I say it na age stupidity about our
being able to be isolated way out here in the
South Pacific. We need friends, whether they be close island
nations or democracies in Asia, or do I say the
(07:29):
United States all day? So the UK and Europe, we
need friends. And that was always the mission of former
leaders of this country, whether they were labor or national.
It's just a new prisoning to know everything and get
it wrong so often.
Speaker 4 (07:43):
Hey, Winston Peters, this is a victory for the ages,
the old ages, seventy eight and seventy nine year olds.
You've still got life in you.
Speaker 5 (07:51):
Oh well, we've got a similar pathway. You see what
happened after twenty twenty He went out and spoke to
the people all run in the United States, and you've
got them south back. And when we were so shockingly
treated with the allegations about the serious office and all
the lives in twenty twenty. We went out and spent
our time out in the countryside and all around New
Zealands and under the radar I got ourselves back. But
of course he's in a different environment to ours. The media.
(08:13):
New Zealand media is just toxic when it comes to
people actually making sacrifice so that they know nothing about,
or when it comes to Hollis, this will be a
huge shock to them because they don't know what they're
doing and they think they know something about the game.
And all them. I watched them coming up to the
selection campaign thinking myself, you don't know what's going to
happen to do you, because you're just so fas before
you start. And if you're not reporting on what the
(08:34):
ordinary person who is the master and democracy thinks, then
you shouldn't be reporting at all. This is not your
first radio no all my second one either.
Speaker 6 (08:44):
Winston Peedus.
Speaker 4 (08:44):
Thanks for your time on the country.
Speaker 5 (08:46):
Thank you, tears By, Were you.
Speaker 4 (08:49):
Railing in the years? Winston Peters seventy nine, commenting on
steelely dond Trump seventy eight. Now next we're going to
talk to a bank of sorts, Emma Higgins. She's Rabobank's
senior agg analyst. They've just released their November agri business
outlook and largely all good news, which is fantastic, But
(09:12):
I just want to call out another bank at the moment.
Michelle passed me this information this morning. I almost know
she's done. No, she's ducking for cover. I almost choked
on my morning cappuccino. That'll go down well with some
of the farmers out there who are on the instance.
Sorry about that, guys, but Westpac has set tougher climate
(09:32):
targets for KeyWe dairy farmers than it has for their
Australian counterparts. The bank wants to reduce the emissions of
all dairy farms at finances by ten percent by twenty thirty.
So I'm with this is really annoys me. I'm with
(09:53):
Richard McIntire, Federated farmers. What the hell are the banks
poking their nose into a mission targets.
Speaker 6 (09:58):
For for farmers? It's none of their business.
Speaker 4 (10:01):
It's the government's role to set emissions targets.
Speaker 6 (10:05):
This is woke nonsense. There you go.
Speaker 4 (10:08):
We're gonna have Todd Charter is on from Rabobank, hopefully
early next week because that banking inquiry's coming out. But
banks but out of emission's targets. It's not your area.
Don't charge farmers more for their loans if they're not
reducing their emissions. Targets got nothing to do with you.
Lend them their money if they can pay it back,
(10:28):
lend it to them and don't rip them off on
over draft rates.
Speaker 6 (10:33):
Like you, a lot of you are.
Speaker 4 (10:34):
At the moment. I'm hot under the collar about this one.
You should be two out there, farmers. You're getting the
short end of the stick if you ask me. But
we're going to talk to a banker with some good
news up next. Emma Higgins from Rabobank. All we break
(11:00):
from Donald Trump for a moment. Emma Higgins is Rabobank's
senior ag analyst. The November agri business outlook is hot
off the press. Now I'm going to start with deary,
the biggest game in town, Emma. Yesterday on the show,
I caught up with Miles Hurrell, chief executive of Fonterra.
He was in China and I threw ten dollars at him.
(11:22):
He didn't immediately dismiss it.
Speaker 6 (11:25):
What can you do?
Speaker 2 (11:27):
Yeah, look, it is good times. I think to be
a farmer, a dairy farmer in New Zealand right now
with the way that markets have performed just in recent weeks,
and look, we're seen that come through in the futures
market at least, we've seen quite a rally in terms
of what some of the offerings are there. But look,
will get some packs and these fundamentals, Jamie, because you've
(11:48):
given me some nice nicknames over the course of our
working relationship, and I wouldn't be you know myself if
I didn't point out some of the cautionary aspects of this.
So what we've got going on is that more farmers
around the world are making more money, and we know
that more money tends to mean more milk. So that's
(12:09):
our view that's starting to come thrue in some of
the data sets. We think that milk production is growing
around the world. And the point here is we think
that markets can absorb that, which is good news pick
number one. Number two good news is that we think
that the milk supply in China is finally slowing down. Now, Jamie,
we haven't talked about this before. We've talked about it
(12:31):
happening over time and that it will be here soon.
And we think that soon is going to be pretty soon.
So our view is that milks supplies like with the
slowdown next year, but we think that actually the slowdown
might even be curing as we speak, So tick good
news for New zealandery farmers. So more broadly, what is
(12:52):
happening is that markets are responding to the fact that
infantries broadly speaking, are relatively tight. We might have a
slowdown coming out of China, and yes, we might see
some more milk production out of the Northern Hemisphere moving forward,
but at modest rates. The big question mark Jamie is
New Zealand milk production. We've passed the peak on farm
(13:13):
but that data hasn't come out yet, so I'm waiting
to see what might happen in terms of that data
making news number one and number two. Also, demand within
China from a consumer perspective is still fairly tough as well,
a lot of things to work through in China, So
it's not all sun China.
Speaker 7 (13:31):
Roses right there.
Speaker 4 (13:32):
Okay, let's move on to red meat, Emma Higgins, And
we can't keep Trump out of this conversation because at
the moment, right at the moment, the US is our
biggest market for red meat. What are you guys in
the bank saying about potential teriffs.
Speaker 2 (13:48):
Yes, it's an interesting one, isn't it, Because look, we've
no doubt about it. Our beef prices have been very bullish. Indeed,
and if we look at it from a five year
average perspective, our exports across the United States have been
higher by almost twenty percent compared to those five year
average long run numbers. So the US is a very
important export market for US in tariff. Obviously, when and
(14:12):
where they come in terms of the new presidency is
yet to be seen. But broadly, tariffs increase the price
of things locally, and so there could be pressures in
terms of that demand space. But ultimately, beef is at
a really affordable price point, and particularly the beef offerings
that we ship across into the United States. So I
(14:34):
think there's still reason to be super optimistic around the
beef prices US demand, and also the fact that they're
still trying to rebuild their national herd too.
Speaker 6 (14:43):
What about sheep, mate, I think.
Speaker 2 (14:47):
Look, optimism is the word for spring, and we've seen
that come through in the schedule price as well. Export
values have been heading in the right direction. Yes, we've
still got some challenges when it comes to China, particularly
in the mutton space, but we have seen broad based
demand elsewhere and particularly the UK and the EU markets
for lamb, they've been showing really good signs. They've got
(15:09):
not a lot of stock locally, particularly in the UK,
and so it's great particularly this time of year when
where you know, we've had our Christmas chilled trade come
through and we've seen some really good numbers come out
as well. So not too many things to be upset
about and actually reasons to be optimistic.
Speaker 4 (15:28):
Yeah, And the other thing we can look forward to
is another interest rate cut before Christmas November the twenty seventh.
Speaker 6 (15:34):
What's Rabobank saying.
Speaker 2 (15:36):
There, Yeah, that's right, So a bit of a Christmas
gift potentially coming through from the Reserve Bank. Look, our
view is that we're likely to see fifty basis point
cuts come through in November. We think then we're likely
to see the pace of monetary easing starting to slow
down as we move through the course of next year,
and we think that we're likely to see an OCR
(15:59):
of low three percentage area by August of next year. Now,
this is where we do need to talk about Trump.
I think because you know, there's a high degree of
uncertainty around what might happen with the US economy, maybe
with this new president in play, and what might happen
when it comes to inflationary pressures and via easing.
Speaker 8 (16:22):
Cycle over there.
Speaker 2 (16:23):
So that's why we've got a slightly different view to
perhaps those elsewhere where. We're just talking about three point
two five percent By August Emma Higgins.
Speaker 4 (16:33):
Thanks as always for your contribution here on the Country.
Appreciate it, and I'm enjoying your new series, your new
episodes of Black Heels and Tractor Wheels with Claire Williamson.
Great podcasts.
Speaker 6 (16:44):
Keep up the good work.
Speaker 2 (16:46):
Thanks Jamie, appreciate it.
Speaker 4 (16:48):
Well if you twenty seven after twelve, you're with the country.
Some of your feedback coming in on the banks tell
wespact that the climate change scam is over thanks to
Trump's election. Drill, Baby, Drill, Is that from Bill Burr?
I know Bill will be very happy. I'm sure he
will be on his QPU farm. Now, the banks are dangerous,
(17:11):
and this is so disgusting that they think they have
the authority about omissions. Daring is in trouble when the
banks start this nonsense He's another one. Never been a
huge fan of Winston, but he's speaking more sense every day.
The media swamp here needs to be drained.
Speaker 6 (17:26):
And I'm not.
Speaker 4 (17:26):
Talking about you guys. Well I'm pleased to hear that,
but I'm with you text. Look, wokness has invaded the
media too much in this country as well. That's just
my opinion as someone in it. But our consumer, a
big consumer of media, We're going to take a break
on the other side of it. A week bit earlier,
this morning, we went to Ireland ahead of Friday nights
(17:48):
their time, Saturday morning our time. Are the test mets
against Ireland? How good is that going to be? Long
standing Irish agribusiness journalist Chris McCulloch, just to change things
up a wee bit on the country. Were traveling all
(18:11):
around the world today to get some feedback on the
big story in the world, and that is the Trump presidency. Yes,
he's got the presidency back. He is the forty seventh
president of the United States of America. Australia to go,
but let's go to Ireland, Northern Ireland. At the moment.
There we find Chris McCullough. He's a freelance agri journalist
(18:33):
of long standing over there who writes for numerous publications
right around the world. Let's start with the Trump victory. Chris,
how has it been received in Ireland?
Speaker 7 (18:43):
Well, yeah, it's gone down. I suppose it's gone down.
Not too bad. I had a few hours sleep last
night because I wanted to listen to most of it.
The UK government is sort of backtracking a week because
just a few weeks ago there were kind of slag
and Donald Trumbolford he was this than that, and now
the new UK Prime Minister had to phone him today
(19:06):
it is humbly and say, you know, welcome to the
job again. We look forward to working with you.
Speaker 2 (19:11):
You know.
Speaker 7 (19:11):
Of course he had to say that.
Speaker 5 (19:13):
I guess.
Speaker 7 (19:14):
I guess in Ireland in terms of rural population, they're
a little bit concerned about trade. You know, was to
go and introduce in terms of trading tariffs? Is that
going to affect our experts of butter or whiskey? And
also goes out there. So it's a bit of a
just wait and see, because I guess he doesn't start
to January, so then we'll know what's.
Speaker 4 (19:34):
Going to have this The Newish UK Prime Minister or
British Prime Minister Sakia Stamer. He's no friend of farmers
by the sounds of things. My English farm and correspondent
Tom Martin, who I had on earlier in the weeks,
none too pleased about this inheritance text. It's going down
like a cup of cold sick. I hear.
Speaker 5 (19:55):
Yeah.
Speaker 7 (19:56):
He's really had a little mp here with support and
terms of the rural community. I mean, his pre election
mandates were you know, kind of favorable towards farmers. But
now that he's in the office, he's completely done a
you turn a lot of things, and they introduced this
in Herdan's tax which is going to you know, be a.
Speaker 9 (20:16):
Real gut pump for a lot of farmers who do
have assets over one million pounds and going to be
taxed twenty percent if they if they hand it down,
which is the traditional way of doing it.
Speaker 7 (20:27):
In this country, handing down their farms to the stipular
or sorry, their sons and daughters. But if they're going
to be head by twenty percent tax, it's going to
be a real killer.
Speaker 4 (20:37):
Well, you spend your lifetime working on the farm, paying
off the farm. It's your right to be able to
pass it down to the next generation. I would have
thought it's going to make farm succession very tough in
the UK. How a farmers in Island fearing at the moment, Chris.
Speaker 7 (20:56):
I guess there's always a grumble with farmers in Ireland
in norther now. You know, I'm from a milk farming background,
so that the prices at the moment are not too
bad like where we're coping well. The costs of production,
of course are up. But Southern Ireland has got a
republic where and I've got a little bit of problems
(21:16):
coming up because they're the live exports of animals is
a big huge topic here for them in the euro
opine Eion, and that may be, you know, if God
knows what's going to happen to it. But they export
a lot of calves to the Netherlands, to Spain, to
France each year, and that's also coming ahead next year.
I believe it is because of BVD regulations. But all
(21:39):
in all, agriculture is looking not too bad at the moment.
We have decent well or some cows are still out
even though it is November. But you always get a grumble.
Speaker 4 (21:51):
Well that that's farming Hey, it would be remissing me
as a final question not to ask you who about
a big event happening in Dublin. I'm assuming yes, it
will be Dublin on Friday night your time, Saturday morning,
our time, the All Blacks versus Ireland.
Speaker 6 (22:08):
Are you a rugby union man?
Speaker 7 (22:10):
Well, the of course I used to play in my
younger days a bit. You know, when you mentioned the
Ireland versus the All Blacks, it is kind of the
big game of the of the of the tournament. But
you know, look what happened last time, Dar I say,
there was a huge cry from my Kiwi friends that
(22:30):
you knows, don't be stupid. The All Blacks have got
this in the bag. But you know, a bit like Trump,
turn it around. Look what happened last time me could
possibly happen this day.
Speaker 4 (22:41):
Well, I think you guys, we start as the underdogs.
There you go, We're a bit like Trump. We start
as the underdogs, and we may make New Zealand great
again by victory over the Irish. It's going to be
a cracking game and there's going to be a bit
of needle and a bit of feeling in that game. Hey, Chris, McCulloch.
Great to catch up. We'll keep you on the roster.
Thanks for your time.
Speaker 6 (23:02):
Thanks very much, Chris McCulloch.
Speaker 4 (23:04):
There you had lots of feedback coming in on the
origins of Steely Dan's name.
Speaker 6 (23:09):
How they got their name.
Speaker 4 (23:10):
We might mention that one very very quickly before we
go to a break in rural news and sports news.
Speaker 6 (23:16):
Here's a good text. Gooday, Jamie.
Speaker 4 (23:17):
Is Westpac telling its urban lenders to cut their emissions
by ten percent?
Speaker 6 (23:22):
Nope, says Pete. Good text.
Speaker 4 (23:25):
Pete, up next, Michelle, what's rural news? It's quite catchy,
aren't they or weren't they? Steely Dan, Donald Fagan, Walter Becker.
They were fans of Beat generation literature, so they named
(23:50):
the band after a revolutionary steam powered dildo mentioned in
William S. Burrow's novel Naked Lunch. I don't know about
steampawer dildos.
Speaker 6 (24:01):
Michelle.
Speaker 4 (24:02):
We won't go there, but we are going to go
to steam punk, the steampunk capital of the country, very shortly,
Doctor Jack Willon roweth in Omaru. But not before we
catch up with the latest and rural news.
Speaker 1 (24:14):
What the country's world news with Cod Cadet New Zealand's
leading right on LAWNDO of bread. Visit steel Ford dot
co dot nzim for your locals doggist.
Speaker 10 (24:24):
And a really good feel good story here today, Jamie, Now,
I think you've interviewed this guy, Paul Painter. He had
a plumb orchard up in Hawks Bay when cyclone Gabrielle
hit and he's managed to win himself an award with
his mon cherry side. Of course, they had to do
a bit of a pivot. Your favorite word.
Speaker 4 (24:40):
I just had to chuck that in the I hate pivot,
I hate learnings, I hate wokeness. I hate banks telling
us to reduce our emissions. Butt out Banks. Sorry, you're
kind of taking the linelight. I am. You finish your
rural news.
Speaker 10 (24:51):
It's my only chance here. So the Champion Cider Trophy
at the twenty twenty four Sider Awards. So it's called
mon cherry. It sounds really nice. Do you like cider, Jamie, Nat,
I like Emerson's very negative to that.
Speaker 6 (25:03):
No, I'm not negative.
Speaker 4 (25:04):
I'm just I just don't I don't multitask now. I'm
not really a side of fan. I know a lot
of people do like it, and got on them. Look
We've got to keep moving on.
Speaker 1 (25:12):
Let's sport with AFCO. Visit them online at AFCO dot
co dot nzed.
Speaker 4 (25:18):
Oh I forgot to ask you who won? The talking
about Emerson's who won, the Emerson's Farmer's Poor Bear and
the Farmer's Cut Chips from Heartland.
Speaker 10 (25:28):
Lynn Remington from MOLTII which is on It's up on
Nelson Area and Tom Callahar from Lower Hut.
Speaker 4 (25:35):
Yesterday Radio and Sports News, the All Blacks haven't rushed
to the nearest Dublin bookstore to pour over Johnny Sexton's
autobiography ahead of Saturday Mornings test in Dublin. The former
Ireland captain's story hit the headlines when he revealed the
spray he copped from Rico Joanni after last year's World
Cup quarter final and Paris, and very quickly the breakdancing
(25:57):
world may have seen the last of Australian Rachel Gunn,
whose moves earned terror score of zero at the Paris Olympics,
has announced her retirement. Oh I love raygun I love
Reagun and Emerson's and those Heartland ships. And I think
I'm I was going to go the Green Hangen, but
I think I'm I'm going back to the traditional Sultan
(26:20):
vinegar just hard to go past up. Next, off we
go to the steam punk capital of the country, oh Amaru.
Doctor Jacqueline Rowath. She is in one of New Zealand's
(26:41):
nicest little towns and that's so Amaru. Her name is
doctor Jacquelin Rowath, one of our leading primary sector academics.
Speaker 6 (26:48):
You're at day three.
Speaker 4 (26:49):
I think it's the last day of the annual Grasslands Conference, Jacqueline.
Speaker 6 (26:53):
What a great venue.
Speaker 7 (26:55):
Oh, it's super.
Speaker 8 (26:56):
So much of Brown new Land is undiscovered by the
urban people. That Oamaru has been awesome. And the hospitality,
Southern hospitality, it's just been fantastic. Lots of good farms
to look at, enterprises, and a great deal of discussion
between farmers and scientists and rural professionals. And a lot
(27:17):
of youth here. Jamie. You know how much I've wanted
to get young people into great careers in agriculture. We
can see it here.
Speaker 4 (27:24):
Well, you want to make New Zealand agriculture great again,
Jack will And that segues on to the Trumpster. Was
it the talk of the conference yesterday or last night?
Speaker 8 (27:35):
Last night there was a certain pool over the proceedings
because of the concerns about what might happen to trade,
But you know, I am thinking food production Ukraine, Russia,
Earth is going to happen there.
Speaker 4 (27:48):
You've written, as you do every fortnight, a wonderful column
on our website at the Country dot co dot in z.
Now you're throwing these questions out there. Could food rationing
become a reality in the war on climate change? Has
that all changed now, Jacqueline Worth? Trump being elected, has
he kicked climate change to touch.
Speaker 8 (28:09):
Well, that could well be about to happen, at which point,
of course New Zealand will be start wondering what is
the point of constraining agriculture? So I think we need
to reinvoke the Parents agreement that said everything you can
to reduce greenhouse gases without affecting food production. And that
research that you've just alluded to fascinating. They're actually saying
(28:30):
should we be taxing or limiting rationing food in our
attempts to curb climate change? And of course the fuels
in there as well.
Speaker 3 (28:40):
Well.
Speaker 8 (28:40):
The whole point about what has just happened in America
should make it clear to politicians in all parts of
the world that the economy is everything.
Speaker 4 (28:49):
Well, I reckon what you're proposing or throwing out there,
flying a caite on the cure's worse.
Speaker 6 (28:55):
Then the disease.
Speaker 8 (28:56):
Well, very possibly. So we need to be very very
careful about policies that come in because most of them
have untended consequences because well meaning people haven't sought through
the possibilities.
Speaker 6 (29:10):
Does this just.
Speaker 4 (29:11):
Show yet again the folly of the previous previous labor
government when it came to agricultural policy.
Speaker 8 (29:19):
Well, we've been trying to help them see a better
way and there are changes occurring. But one of the
big things that happened was just the afforestation and the
overseas investment, and that wasn't and that was a cross
party agreement, the coalition type agreements, and it's just been
terrible for the countryside. That's terrible.
Speaker 4 (29:41):
Absolutely agree with you, Jack Well. And when we look
at Trump and he's already saying it, drill, baby, drill,
he's going to be he's just going to be getting
stuck and extracting as much fossil fuel as he can
out of American soil. So once again I throw the
question out there. I'm not being defeatist, but why bother
from our.
Speaker 8 (30:01):
Point of view, You're absolutely right. So then it comes
back to which premium markets we're trying to get into
and are they going to care because we do want
EU and Asia and we do need to be keeping
on saying we're doing everything we can. We currently are
really efficient, and we'll go on trying to bring in
(30:22):
the efficiencies. But if we want to save the world,
it's absolutely not us to reduce food production. In fact,
today to only today an OECD paper came out saying
the most important thing we can do is intensify food
production on the land that is already under valve or
(30:42):
color management, because.
Speaker 7 (30:44):
Otherwise we've got biodiversity problems.
Speaker 8 (30:46):
All of this links together and New Zealand is in
a great place with a lot of biodiversity protection, thirty
percent of our land in the dock estate. And can
we do better only if we've got a thriving economy, Jamie,
you and I say this every report night. We can
do it if we've got to thrive in economy. So
do not put agriculture out of business and the whole
(31:08):
of the American system that's just happened. It will absolutely
as you say, throw all of this into high relief
in terms of idiocy.
Speaker 4 (31:17):
Really, it's all about the economy stupid. You can read
much more about it. This is a really good column,
well written to and you've talked about cop twenty nine
coming up later this month, and honestly I call them
cop out conference as those one a whole lot of
white Greenie's burning a whole lot of fossil fuels just
to get to a conference to blow hot here anyhow,
(31:37):
I am a born, a natural born cynic. Thanks for
your time, enjoy the rest of the conference in Amaru.
Bye bye, Jamie Bye, he's there, Rosie. Correspondent Chris Russell. Chris,
what did you make of the Trump result? What does
it mean or what does it potentially mean for astrone?
Speaker 3 (32:00):
Yeah, well, I think what it means for Australia is
that it's interesting. The stock market in America's gone mad
this morning, up fourteen hundred points or something biggest rise
three and a half percent rise for a long time.
Australia is expected to either slightly go backwards or only
slightly forwards. And the reason for that is not because
he's going to impose tariffs on Australia. I think he
(32:21):
won't do that because of the relationship. But if China hiccups,
we sneeze these days, and what's going to happen is
that China is going to get a sixty percent tariff
put on them and they're therefore not going to require
as much iron ore and produce and coal and everything
else that they buy from us. And that's the way
it'll hurt Australia. So I think that's probably the most
(32:43):
significant way it's going to hurt us here. The implications
here they are fascinating, I think because if you looked
at and this is something that I've been beating a
drum about for some time, you look at Brexit. Brexit
was really got over the line over immigration. People were
sick of being invaded by people they didn't choose to
live in England, and even though it cost them financially,
(33:07):
they still went with Brexit. Now we look at the
American election that people say it's all at cost of
living thing. Yes, probably is partly, but I think the
biggest issue for most people is they stopped. They're sick
of being invaded by immigrants from overseas. Australia is sick
of being invaded by six hundred thousand immigrants from overseas,
and it's not wope to say that because that's racist
(33:29):
and all this sort of stuff, but that's what's in
people's minds. It also, in my view, partly explains the
pundits and the and the surveys being out because people
weren't going to admit that to the survey questioner, but
in their minds, he has promised them the fact that
he's going to make America for Americans, not only great again,
(33:50):
but for Americans.
Speaker 5 (33:52):
And so I.
Speaker 3 (33:53):
Think that if Peter Dunton does ig miss as that,
then he's going to come under the definition of insanity.
That signs said of doing the same thing again and
not expecting it a different result, because that is the
thing that will win the election for him here next year.
Speaker 4 (34:07):
Jamie, I think it was a victory overwokeness. People have
had enough and whether you like it or not, and
it's not trend did to say so. But Trump scratched
an itched with the likes of the transgender athletes.
Speaker 3 (34:20):
I think there was a lot of itches he scratched,
and he sort of got away with it because everyone
just rating off as being a rap bag, an idiot
and so on. So he was able to get away
with it. But in fact he was scratching the itch
that a lot of people were afraid to admit, but
they knew they had there and yes, So the interesting
(34:42):
thing here is one of the implications directly for Australia.
And I think that, as I said, we're going to
be fairly immune, he might ask us to put a
bit more money into Orcus, but we're already putting four
billion dollars in to build a new factory for them
over there. So you know, I think that those sort
of so I think Australia is a probably pretty good shape.
(35:03):
The other interesting thing is that the next Secretary, or
at least senior advisor on agriculture is like to be
Robert F. Kennedy Junior, and he's all about reducing seed
oils and reducing pesticides, and that was alluded to in
some of Trump's rallies. It's going to be interesting to
see what effect that has on the way we do agriculture,
Jamie two. And a lot of people are watching that
(35:24):
little sector with interest.
Speaker 4 (35:25):
All right, Chris, out of time thanks to yours. Today
we wait with bated breath to see how quickly Donald
Trump changes the world.
Speaker 7 (35:33):
See you later, sair Mate.
Speaker 4 (35:36):
No Static at All FM by Steely Dan, written in
the seventies when FM was a news thing. No one
had thought of digital radio by those days. All right,
that's us done and Dustin for the day. Michelle's chomping
or champing at the bit? Chomping, champing at the bit.
To give away some more fun packs, our text number
is five double nine Tony Watson from Ashburton. You miss
(35:59):
out because you've just the gun, but thanks for texting
and your name and your career address. We've got a
fun pack with some of that Farmer's poor beer from
Emersons to die for and the Heartland Potato chips brilliant, brilliant,
beautiful chips, as Trump would say, See you tomorrow.
Speaker 1 (36:20):
Catch you all the latest from the land. It's the
Country Podcast with Jamie McGue. Thanks to Brent You're specialist
in John Deere machinery.
Catch you all the latest from the land. It's the
Country Podcast with Jamie McKay. Thanks to friend You're specialist
in John deare construction equipment.
Speaker 2 (00:17):
Start?
Speaker 3 (00:20):
Are you gathering up the jam?
Speaker 4 (00:27):
Gooday, New Zealand. Welcome to the Country. Brought to you
by Brandt bit a Steely Dan for you for Steely Dawn.
What a day it was yesterday I was speaking Trump,
but I didn't expect the result to be that one side.
It will have some analysis for you on the show
today about what this victory might mean for us as
(00:51):
New Zealand. New Zealanders and New Zealand farmers. Winston Peters
were going to get his take on veteran politicians ruling
the world. Higgins will join us at a Rabobank November
Agri Business Outlook report has just been released. Good prospects
by the way for dairy, beef, sheep, meat and interest rates.
(01:11):
Things are looking good on the farm. Just need the
weather to come right. Chris McCullough. Earlier this morning I
caught up with him these new blood on the show
and Irish agri business journalists talking farming Trump and of
course forty how good is that test match going to be?
Saturday morning, Our Time against Ireland. Doctor jaquilln Roweth has
(01:31):
been at the annual Grassland's Conference in Oamaru. We'll catch
up with her and Chris Russell's our Ossie correspondent. What
does the Trump victory mean for Australia. Some interesting thoughts
from Chris Russell Michelle All have the latest and urural
news for you and we will update sport. But let's
(01:51):
be honest about it. Today it's all about Steley don
Are you.
Speaker 3 (02:13):
Well?
Speaker 4 (02:13):
It is today's big news story. Donald Trump becomes the
forty seventh president of the United States of America. What
is it about seventy eight year olds that give them
such energy? Let's ask a seventy nine year old politician,
Winston Peters your claiming glory. You said you picked this
like a dirty nose.
Speaker 5 (02:32):
No, I didn't say that at all. I just believe
that when you are asked sometimes about what's going to
happen in the election, too many people give the view
of what they want to happen rather than what the
people want to happen. They don't read them up bubbly.
They don't ask the ordinary people. I don't ask the
work as many woman out there, who, after all, have
got the majority of the vote, and that's why they
get it so wrong so many times in our country
(02:53):
and elsewhere.
Speaker 4 (02:54):
Now I reckon part of Trump's victory was based around
a war on wokeness.
Speaker 5 (03:00):
People have had enough, no doubt about that. But he
went out and spoke to a whole lot of people
who would never expect to be spoken to. When he
talked about vating the swamp with respect to Washington, it
was as much about Republicans who were in the swamp
as the word interfests, and so he owned up a
whole new area of people, some of whom had never
ministered vote in thirty five years of adulthood and were
(03:23):
voting for the first time. When you see that as
in twenty sixteen. He was interrupted, of course, in twenty
twenty by the COVID election, which all of the world
had an adverse effect, regardless of what you've thought, But
clearly nothing had changed from twenty sixteen to twenty twenty
four when he went out to the same constituency and
they profoundly gave a massive answer, so that Carmela House
(03:44):
went down by about fifteen million votes from what they
expected to get.
Speaker 4 (03:48):
Is Karmala Harris Ja Cinderad in two point zero.
Speaker 5 (03:53):
Ah. Look, I'm not going to get into those sorts
of arguments or statements. The reality is that some people
are awfully lucky to get chance, and they blow it,
and they do get a chance. And the long term
legacy is not what the media say it is. It's
not what a certain section of the work Vider says
it is. It's what the long term legacy in terms
of where they made changes that endured is and that
(04:14):
do not happen in either case, did it?
Speaker 4 (04:17):
Now you're going to have to deal with Donald Trump.
Have you met him before?
Speaker 5 (04:22):
Look, the answer is I've been in the same room,
and I don't go and shake people's hands like some people.
I don't line up for self east, but I know
esteem has seuto well, and I left in place as
I came back, as from as the people in Washington
who know the Republic have been and can hit the
ground running as off per day or when the moment
he's sworn in. So yes, we're set to go. It
(04:44):
won't be easy. It would be definitely be very hard
for us to persuade ourselves. Would be an exemption of
the tariff regime. So we've got a tremendous argument and
we're going to make it and hope very successful.
Speaker 4 (04:54):
Now do you think he's all talk on the tariffs?
I neither are going to be an introduction of tariffs
of some sort. But will it be a universal imposition?
Speaker 5 (05:04):
When you say university could not promise that. He promised
it in certain cases where he thought the nation's working
exploiting the American market, him to the center of dumping.
None of that can be elected against him in England,
so he did not say it against the universality. Some
countries would be an exception, and we need to make
sure there'll be one of them. This is going to
be awfully hard, given that we did have, for example,
(05:28):
some of our former politicians poking their noses to the
American election, which is a very adverse thing. And I've
watched that some people in this country as journalists actually
came out and medically at the time, and they should
not be doing that. We all paid the price for
their poking their noses to some other countries' election. It's
for the American people to side, and the American people
are spoken.
Speaker 4 (05:46):
What politicians in this country have somebody knows that Trump.
Who are you referring to?
Speaker 5 (05:52):
Well, the former prime messages and in the campaign for
the Democratic Party. You know that, don't you surely? And
while am I talking experience guy like you and you're
playing out for the first time after the election.
Speaker 4 (06:05):
Well, no, I was just asking you to confirm what
I was thinking.
Speaker 6 (06:08):
That was all.
Speaker 4 (06:08):
I didn't want to sound dumb on national radio, Winston
look on a serious note. I mean, this is a
serious conversation. Of course, the US at the moment, as
it stands as our number one market for red meat,
red meat, should I say, while China steps back a bit,
number one for wine. It's just such an incredibly important
(06:31):
market for US. That's one side of the equation. And
then there's the geopolitical side. And I know you have
nailed your colors fairly and squarely and firmly to the red, white,
and blue.
Speaker 5 (06:46):
Well when you say that, no, we've had a friendship
with these countries for hundred sea however, well of one
hundred years a formation of a friendship. And when don't
you say, now, the US know what we've said is
that we did. We stand for the world of law,
we sand for democracy, we stand for freedom. And when
countries share our value is we can work together much better.
(07:07):
That's all we've ever said. And this is anything. And
I'm very saddened by the fact that our relationship with
the United States has been tarnished by jingderism and bad manners.
And do I say it na age stupidity about our
being able to be isolated way out here in the
South Pacific. We need friends, whether they be close island
nations or democracies in Asia, or do I say the
(07:29):
United States all day? So the UK and Europe, we
need friends. And that was always the mission of former
leaders of this country, whether they were labor or national.
It's just a new prisoning to know everything and get
it wrong so often.
Speaker 4 (07:43):
Hey, Winston Peters, this is a victory for the ages,
the old ages, seventy eight and seventy nine year olds.
You've still got life in you.
Speaker 5 (07:51):
Oh well, we've got a similar pathway. You see what
happened after twenty twenty He went out and spoke to
the people all run in the United States, and you've
got them south back. And when we were so shockingly
treated with the allegations about the serious office and all
the lives in twenty twenty. We went out and spent
our time out in the countryside and all around New
Zealands and under the radar I got ourselves back. But
of course he's in a different environment to ours. The media.
(08:13):
New Zealand media is just toxic when it comes to
people actually making sacrifice so that they know nothing about,
or when it comes to Hollis, this will be a
huge shock to them because they don't know what they're
doing and they think they know something about the game.
And all them. I watched them coming up to the
selection campaign thinking myself, you don't know what's going to
happen to do you, because you're just so fas before
you start. And if you're not reporting on what the
(08:34):
ordinary person who is the master and democracy thinks, then
you shouldn't be reporting at all. This is not your
first radio no all my second one either.
Speaker 6 (08:44):
Winston Peedus.
Speaker 4 (08:44):
Thanks for your time on the country.
Speaker 5 (08:46):
Thank you, tears By, Were you.
Speaker 4 (08:49):
Railing in the years? Winston Peters seventy nine, commenting on
steelely dond Trump seventy eight. Now next we're going to
talk to a bank of sorts, Emma Higgins. She's Rabobank's
senior agg analyst. They've just released their November agri business
outlook and largely all good news, which is fantastic, But
(09:12):
I just want to call out another bank at the moment.
Michelle passed me this information this morning. I almost know
she's done. No, she's ducking for cover. I almost choked
on my morning cappuccino. That'll go down well with some
of the farmers out there who are on the instance.
Sorry about that, guys, but Westpac has set tougher climate
(09:32):
targets for KeyWe dairy farmers than it has for their
Australian counterparts. The bank wants to reduce the emissions of
all dairy farms at finances by ten percent by twenty thirty.
So I'm with this is really annoys me. I'm with
(09:53):
Richard McIntire, Federated farmers. What the hell are the banks
poking their nose into a mission targets.
Speaker 6 (09:58):
For for farmers? It's none of their business.
Speaker 4 (10:01):
It's the government's role to set emissions targets.
Speaker 6 (10:05):
This is woke nonsense. There you go.
Speaker 4 (10:08):
We're gonna have Todd Charter is on from Rabobank, hopefully
early next week because that banking inquiry's coming out. But
banks but out of emission's targets. It's not your area.
Don't charge farmers more for their loans if they're not
reducing their emissions. Targets got nothing to do with you.
Lend them their money if they can pay it back,
(10:28):
lend it to them and don't rip them off on
over draft rates.
Speaker 6 (10:33):
Like you, a lot of you are.
Speaker 4 (10:34):
At the moment. I'm hot under the collar about this one.
You should be two out there, farmers. You're getting the
short end of the stick if you ask me. But
we're going to talk to a banker with some good
news up next. Emma Higgins from Rabobank. All we break
(11:00):
from Donald Trump for a moment. Emma Higgins is Rabobank's
senior ag analyst. The November agri business outlook is hot
off the press. Now I'm going to start with deary,
the biggest game in town, Emma. Yesterday on the show,
I caught up with Miles Hurrell, chief executive of Fonterra.
He was in China and I threw ten dollars at him.
(11:22):
He didn't immediately dismiss it.
Speaker 6 (11:25):
What can you do?
Speaker 2 (11:27):
Yeah, look, it is good times. I think to be
a farmer, a dairy farmer in New Zealand right now
with the way that markets have performed just in recent weeks,
and look, we're seen that come through in the futures
market at least, we've seen quite a rally in terms
of what some of the offerings are there. But look,
will get some packs and these fundamentals, Jamie, because you've
(11:48):
given me some nice nicknames over the course of our
working relationship, and I wouldn't be you know myself if
I didn't point out some of the cautionary aspects of this.
So what we've got going on is that more farmers
around the world are making more money, and we know
that more money tends to mean more milk. So that's
(12:09):
our view that's starting to come thrue in some of
the data sets. We think that milk production is growing
around the world. And the point here is we think
that markets can absorb that, which is good news pick
number one. Number two good news is that we think
that the milk supply in China is finally slowing down. Now, Jamie,
we haven't talked about this before. We've talked about it
(12:31):
happening over time and that it will be here soon.
And we think that soon is going to be pretty soon.
So our view is that milks supplies like with the
slowdown next year, but we think that actually the slowdown
might even be curing as we speak, So tick good
news for New zealandery farmers. So more broadly, what is
(12:52):
happening is that markets are responding to the fact that
infantries broadly speaking, are relatively tight. We might have a
slowdown coming out of China, and yes, we might see
some more milk production out of the Northern Hemisphere moving forward,
but at modest rates. The big question mark Jamie is
New Zealand milk production. We've passed the peak on farm
(13:13):
but that data hasn't come out yet, so I'm waiting
to see what might happen in terms of that data
making news number one and number two. Also, demand within
China from a consumer perspective is still fairly tough as well,
a lot of things to work through in China, So
it's not all sun China.
Speaker 7 (13:31):
Roses right there.
Speaker 4 (13:32):
Okay, let's move on to red meat, Emma Higgins, And
we can't keep Trump out of this conversation because at
the moment, right at the moment, the US is our
biggest market for red meat. What are you guys in
the bank saying about potential teriffs.
Speaker 2 (13:48):
Yes, it's an interesting one, isn't it, Because look, we've
no doubt about it. Our beef prices have been very bullish. Indeed,
and if we look at it from a five year
average perspective, our exports across the United States have been
higher by almost twenty percent compared to those five year
average long run numbers. So the US is a very
important export market for US in tariff. Obviously, when and
(14:12):
where they come in terms of the new presidency is
yet to be seen. But broadly, tariffs increase the price
of things locally, and so there could be pressures in
terms of that demand space. But ultimately, beef is at
a really affordable price point, and particularly the beef offerings
that we ship across into the United States. So I
(14:34):
think there's still reason to be super optimistic around the
beef prices US demand, and also the fact that they're
still trying to rebuild their national herd too.
Speaker 6 (14:43):
What about sheep, mate, I think.
Speaker 2 (14:47):
Look, optimism is the word for spring, and we've seen
that come through in the schedule price as well. Export
values have been heading in the right direction. Yes, we've
still got some challenges when it comes to China, particularly
in the mutton space, but we have seen broad based
demand elsewhere and particularly the UK and the EU markets
for lamb, they've been showing really good signs. They've got
(15:09):
not a lot of stock locally, particularly in the UK,
and so it's great particularly this time of year when
where you know, we've had our Christmas chilled trade come
through and we've seen some really good numbers come out
as well. So not too many things to be upset
about and actually reasons to be optimistic.
Speaker 4 (15:28):
Yeah, And the other thing we can look forward to
is another interest rate cut before Christmas November the twenty seventh.
Speaker 6 (15:34):
What's Rabobank saying.
Speaker 2 (15:36):
There, Yeah, that's right, So a bit of a Christmas
gift potentially coming through from the Reserve Bank. Look, our
view is that we're likely to see fifty basis point
cuts come through in November. We think then we're likely
to see the pace of monetary easing starting to slow
down as we move through the course of next year,
and we think that we're likely to see an OCR
(15:59):
of low three percentage area by August of next year. Now,
this is where we do need to talk about Trump.
I think because you know, there's a high degree of
uncertainty around what might happen with the US economy, maybe
with this new president in play, and what might happen
when it comes to inflationary pressures and via easing.
Speaker 8 (16:22):
Cycle over there.
Speaker 2 (16:23):
So that's why we've got a slightly different view to
perhaps those elsewhere where. We're just talking about three point
two five percent By August Emma Higgins.
Speaker 4 (16:33):
Thanks as always for your contribution here on the Country.
Appreciate it, and I'm enjoying your new series, your new
episodes of Black Heels and Tractor Wheels with Claire Williamson.
Great podcasts.
Speaker 6 (16:44):
Keep up the good work.
Speaker 2 (16:46):
Thanks Jamie, appreciate it.
Speaker 4 (16:48):
Well if you twenty seven after twelve, you're with the country.
Some of your feedback coming in on the banks tell
wespact that the climate change scam is over thanks to
Trump's election. Drill, Baby, Drill, Is that from Bill Burr?
I know Bill will be very happy. I'm sure he
will be on his QPU farm. Now, the banks are dangerous,
(17:11):
and this is so disgusting that they think they have
the authority about omissions. Daring is in trouble when the
banks start this nonsense He's another one. Never been a
huge fan of Winston, but he's speaking more sense every day.
The media swamp here needs to be drained.
Speaker 6 (17:26):
And I'm not.
Speaker 4 (17:26):
Talking about you guys. Well I'm pleased to hear that,
but I'm with you text. Look, wokness has invaded the
media too much in this country as well. That's just
my opinion as someone in it. But our consumer, a
big consumer of media, We're going to take a break
on the other side of it. A week bit earlier,
this morning, we went to Ireland ahead of Friday nights
(17:48):
their time, Saturday morning our time. Are the test mets
against Ireland? How good is that going to be? Long
standing Irish agribusiness journalist Chris McCulloch, just to change things
up a wee bit on the country. Were traveling all
(18:11):
around the world today to get some feedback on the
big story in the world, and that is the Trump presidency. Yes,
he's got the presidency back. He is the forty seventh
president of the United States of America. Australia to go,
but let's go to Ireland, Northern Ireland. At the moment.
There we find Chris McCullough. He's a freelance agri journalist
(18:33):
of long standing over there who writes for numerous publications
right around the world. Let's start with the Trump victory. Chris,
how has it been received in Ireland?
Speaker 7 (18:43):
Well, yeah, it's gone down. I suppose it's gone down.
Not too bad. I had a few hours sleep last
night because I wanted to listen to most of it.
The UK government is sort of backtracking a week because
just a few weeks ago there were kind of slag
and Donald Trumbolford he was this than that, and now
the new UK Prime Minister had to phone him today
(19:06):
it is humbly and say, you know, welcome to the
job again. We look forward to working with you.
Speaker 2 (19:11):
You know.
Speaker 7 (19:11):
Of course he had to say that.
Speaker 5 (19:13):
I guess.
Speaker 7 (19:14):
I guess in Ireland in terms of rural population, they're
a little bit concerned about trade. You know, was to
go and introduce in terms of trading tariffs? Is that
going to affect our experts of butter or whiskey? And
also goes out there. So it's a bit of a
just wait and see, because I guess he doesn't start
to January, so then we'll know what's.
Speaker 4 (19:34):
Going to have this The Newish UK Prime Minister or
British Prime Minister Sakia Stamer. He's no friend of farmers
by the sounds of things. My English farm and correspondent
Tom Martin, who I had on earlier in the weeks,
none too pleased about this inheritance text. It's going down
like a cup of cold sick. I hear.
Speaker 5 (19:55):
Yeah.
Speaker 7 (19:56):
He's really had a little mp here with support and
terms of the rural community. I mean, his pre election
mandates were you know, kind of favorable towards farmers. But
now that he's in the office, he's completely done a
you turn a lot of things, and they introduced this
in Herdan's tax which is going to you know, be a.
Speaker 9 (20:16):
Real gut pump for a lot of farmers who do
have assets over one million pounds and going to be
taxed twenty percent if they if they hand it down,
which is the traditional way of doing it.
Speaker 7 (20:27):
In this country, handing down their farms to the stipular
or sorry, their sons and daughters. But if they're going
to be head by twenty percent tax, it's going to
be a real killer.
Speaker 4 (20:37):
Well, you spend your lifetime working on the farm, paying
off the farm. It's your right to be able to
pass it down to the next generation. I would have
thought it's going to make farm succession very tough in
the UK. How a farmers in Island fearing at the moment, Chris.
Speaker 7 (20:56):
I guess there's always a grumble with farmers in Ireland
in norther now. You know, I'm from a milk farming background,
so that the prices at the moment are not too
bad like where we're coping well. The costs of production,
of course are up. But Southern Ireland has got a
republic where and I've got a little bit of problems
(21:16):
coming up because they're the live exports of animals is
a big huge topic here for them in the euro
opine Eion, and that may be, you know, if God
knows what's going to happen to it. But they export
a lot of calves to the Netherlands, to Spain, to
France each year, and that's also coming ahead next year.
I believe it is because of BVD regulations. But all
(21:39):
in all, agriculture is looking not too bad at the moment.
We have decent well or some cows are still out
even though it is November. But you always get a grumble.
Speaker 4 (21:51):
Well that that's farming Hey, it would be remissing me
as a final question not to ask you who about
a big event happening in Dublin. I'm assuming yes, it
will be Dublin on Friday night your time, Saturday morning,
our time, the All Blacks versus Ireland.
Speaker 6 (22:08):
Are you a rugby union man?
Speaker 7 (22:10):
Well, the of course I used to play in my
younger days a bit. You know, when you mentioned the
Ireland versus the All Blacks, it is kind of the
big game of the of the of the tournament. But
you know, look what happened last time, Dar I say,
there was a huge cry from my Kiwi friends that
(22:30):
you knows, don't be stupid. The All Blacks have got
this in the bag. But you know, a bit like Trump,
turn it around. Look what happened last time me could
possibly happen this day.
Speaker 4 (22:41):
Well, I think you guys, we start as the underdogs.
There you go, We're a bit like Trump. We start
as the underdogs, and we may make New Zealand great
again by victory over the Irish. It's going to be
a cracking game and there's going to be a bit
of needle and a bit of feeling in that game. Hey, Chris, McCulloch.
Great to catch up. We'll keep you on the roster.
Thanks for your time.
Speaker 6 (23:02):
Thanks very much, Chris McCulloch.
Speaker 4 (23:04):
There you had lots of feedback coming in on the
origins of Steely Dan's name.
Speaker 6 (23:09):
How they got their name.
Speaker 4 (23:10):
We might mention that one very very quickly before we
go to a break in rural news and sports news.
Speaker 6 (23:16):
Here's a good text. Gooday, Jamie.
Speaker 4 (23:17):
Is Westpac telling its urban lenders to cut their emissions
by ten percent?
Speaker 6 (23:22):
Nope, says Pete. Good text.
Speaker 4 (23:25):
Pete, up next, Michelle, what's rural news? It's quite catchy,
aren't they or weren't they? Steely Dan, Donald Fagan, Walter Becker.
They were fans of Beat generation literature, so they named
(23:50):
the band after a revolutionary steam powered dildo mentioned in
William S. Burrow's novel Naked Lunch. I don't know about
steampawer dildos.
Speaker 6 (24:01):
Michelle.
Speaker 4 (24:02):
We won't go there, but we are going to go
to steam punk, the steampunk capital of the country, very shortly,
Doctor Jack Willon roweth in Omaru. But not before we
catch up with the latest and rural news.
Speaker 1 (24:14):
What the country's world news with Cod Cadet New Zealand's
leading right on LAWNDO of bread. Visit steel Ford dot
co dot nzim for your locals doggist.
Speaker 10 (24:24):
And a really good feel good story here today, Jamie, Now,
I think you've interviewed this guy, Paul Painter. He had
a plumb orchard up in Hawks Bay when cyclone Gabrielle
hit and he's managed to win himself an award with
his mon cherry side. Of course, they had to do
a bit of a pivot. Your favorite word.
Speaker 4 (24:40):
I just had to chuck that in the I hate pivot,
I hate learnings, I hate wokeness. I hate banks telling
us to reduce our emissions. Butt out Banks. Sorry, you're
kind of taking the linelight. I am. You finish your
rural news.
Speaker 10 (24:51):
It's my only chance here. So the Champion Cider Trophy
at the twenty twenty four Sider Awards. So it's called
mon cherry. It sounds really nice. Do you like cider, Jamie, Nat,
I like Emerson's very negative to that.
Speaker 6 (25:03):
No, I'm not negative.
Speaker 4 (25:04):
I'm just I just don't I don't multitask now. I'm
not really a side of fan. I know a lot
of people do like it, and got on them. Look
We've got to keep moving on.
Speaker 1 (25:12):
Let's sport with AFCO. Visit them online at AFCO dot
co dot nzed.
Speaker 4 (25:18):
Oh I forgot to ask you who won? The talking
about Emerson's who won, the Emerson's Farmer's Poor Bear and
the Farmer's Cut Chips from Heartland.
Speaker 10 (25:28):
Lynn Remington from MOLTII which is on It's up on
Nelson Area and Tom Callahar from Lower Hut.
Speaker 4 (25:35):
Yesterday Radio and Sports News, the All Blacks haven't rushed
to the nearest Dublin bookstore to pour over Johnny Sexton's
autobiography ahead of Saturday Mornings test in Dublin. The former
Ireland captain's story hit the headlines when he revealed the
spray he copped from Rico Joanni after last year's World
Cup quarter final and Paris, and very quickly the breakdancing
(25:57):
world may have seen the last of Australian Rachel Gunn,
whose moves earned terror score of zero at the Paris Olympics,
has announced her retirement. Oh I love raygun I love
Reagun and Emerson's and those Heartland ships. And I think
I'm I was going to go the Green Hangen, but
I think I'm I'm going back to the traditional Sultan
(26:20):
vinegar just hard to go past up. Next, off we
go to the steam punk capital of the country, oh Amaru.
Doctor Jacqueline Rowath. She is in one of New Zealand's
(26:41):
nicest little towns and that's so Amaru. Her name is
doctor Jacquelin Rowath, one of our leading primary sector academics.
Speaker 6 (26:48):
You're at day three.
Speaker 4 (26:49):
I think it's the last day of the annual Grasslands Conference, Jacqueline.
Speaker 6 (26:53):
What a great venue.
Speaker 7 (26:55):
Oh, it's super.
Speaker 8 (26:56):
So much of Brown new Land is undiscovered by the
urban people. That Oamaru has been awesome. And the hospitality,
Southern hospitality, it's just been fantastic. Lots of good farms
to look at, enterprises, and a great deal of discussion
between farmers and scientists and rural professionals. And a lot
(27:17):
of youth here. Jamie. You know how much I've wanted
to get young people into great careers in agriculture. We
can see it here.
Speaker 4 (27:24):
Well, you want to make New Zealand agriculture great again,
Jack will And that segues on to the Trumpster. Was
it the talk of the conference yesterday or last night?
Speaker 8 (27:35):
Last night there was a certain pool over the proceedings
because of the concerns about what might happen to trade,
But you know, I am thinking food production Ukraine, Russia,
Earth is going to happen there.
Speaker 4 (27:48):
You've written, as you do every fortnight, a wonderful column
on our website at the Country dot co dot in z.
Now you're throwing these questions out there. Could food rationing
become a reality in the war on climate change? Has
that all changed now, Jacqueline Worth? Trump being elected, has
he kicked climate change to touch.
Speaker 8 (28:09):
Well, that could well be about to happen, at which point,
of course New Zealand will be start wondering what is
the point of constraining agriculture? So I think we need
to reinvoke the Parents agreement that said everything you can
to reduce greenhouse gases without affecting food production. And that
research that you've just alluded to fascinating. They're actually saying
(28:30):
should we be taxing or limiting rationing food in our
attempts to curb climate change? And of course the fuels
in there as well.
Speaker 3 (28:40):
Well.
Speaker 8 (28:40):
The whole point about what has just happened in America
should make it clear to politicians in all parts of
the world that the economy is everything.
Speaker 4 (28:49):
Well, I reckon what you're proposing or throwing out there,
flying a caite on the cure's worse.
Speaker 6 (28:55):
Then the disease.
Speaker 8 (28:56):
Well, very possibly. So we need to be very very
careful about policies that come in because most of them
have untended consequences because well meaning people haven't sought through
the possibilities.
Speaker 6 (29:10):
Does this just.
Speaker 4 (29:11):
Show yet again the folly of the previous previous labor
government when it came to agricultural policy.
Speaker 8 (29:19):
Well, we've been trying to help them see a better
way and there are changes occurring. But one of the
big things that happened was just the afforestation and the
overseas investment, and that wasn't and that was a cross
party agreement, the coalition type agreements, and it's just been
terrible for the countryside. That's terrible.
Speaker 4 (29:41):
Absolutely agree with you, Jack Well. And when we look
at Trump and he's already saying it, drill, baby, drill,
he's going to be he's just going to be getting
stuck and extracting as much fossil fuel as he can
out of American soil. So once again I throw the
question out there. I'm not being defeatist, but why bother
from our.
Speaker 8 (30:01):
Point of view, You're absolutely right. So then it comes
back to which premium markets we're trying to get into
and are they going to care because we do want
EU and Asia and we do need to be keeping
on saying we're doing everything we can. We currently are
really efficient, and we'll go on trying to bring in
(30:22):
the efficiencies. But if we want to save the world,
it's absolutely not us to reduce food production. In fact,
today to only today an OECD paper came out saying
the most important thing we can do is intensify food
production on the land that is already under valve or
(30:42):
color management, because.
Speaker 7 (30:44):
Otherwise we've got biodiversity problems.
Speaker 8 (30:46):
All of this links together and New Zealand is in
a great place with a lot of biodiversity protection, thirty
percent of our land in the dock estate. And can
we do better only if we've got a thriving economy, Jamie,
you and I say this every report night. We can
do it if we've got to thrive in economy. So
do not put agriculture out of business and the whole
(31:08):
of the American system that's just happened. It will absolutely
as you say, throw all of this into high relief
in terms of idiocy.
Speaker 4 (31:17):
Really, it's all about the economy stupid. You can read
much more about it. This is a really good column,
well written to and you've talked about cop twenty nine
coming up later this month, and honestly I call them
cop out conference as those one a whole lot of
white Greenie's burning a whole lot of fossil fuels just
to get to a conference to blow hot here anyhow,
(31:37):
I am a born, a natural born cynic. Thanks for
your time, enjoy the rest of the conference in Amaru.
Bye bye, Jamie Bye, he's there, Rosie. Correspondent Chris Russell. Chris,
what did you make of the Trump result? What does
it mean or what does it potentially mean for astrone?
Speaker 3 (32:00):
Yeah, well, I think what it means for Australia is
that it's interesting. The stock market in America's gone mad
this morning, up fourteen hundred points or something biggest rise
three and a half percent rise for a long time.
Australia is expected to either slightly go backwards or only
slightly forwards. And the reason for that is not because
he's going to impose tariffs on Australia. I think he
(32:21):
won't do that because of the relationship. But if China hiccups,
we sneeze these days, and what's going to happen is
that China is going to get a sixty percent tariff
put on them and they're therefore not going to require
as much iron ore and produce and coal and everything
else that they buy from us. And that's the way
it'll hurt Australia. So I think that's probably the most
(32:43):
significant way it's going to hurt us here. The implications
here they are fascinating, I think because if you looked
at and this is something that I've been beating a
drum about for some time, you look at Brexit. Brexit
was really got over the line over immigration. People were
sick of being invaded by people they didn't choose to
live in England, and even though it cost them financially,
(33:07):
they still went with Brexit. Now we look at the
American election that people say it's all at cost of
living thing. Yes, probably is partly, but I think the
biggest issue for most people is they stopped. They're sick
of being invaded by immigrants from overseas. Australia is sick
of being invaded by six hundred thousand immigrants from overseas,
and it's not wope to say that because that's racist
(33:29):
and all this sort of stuff, but that's what's in
people's minds. It also, in my view, partly explains the
pundits and the and the surveys being out because people
weren't going to admit that to the survey questioner, but
in their minds, he has promised them the fact that
he's going to make America for Americans, not only great again,
(33:50):
but for Americans.
Speaker 5 (33:52):
And so I.
Speaker 3 (33:53):
Think that if Peter Dunton does ig miss as that,
then he's going to come under the definition of insanity.
That signs said of doing the same thing again and
not expecting it a different result, because that is the
thing that will win the election for him here next year.
Speaker 4 (34:07):
Jamie, I think it was a victory overwokeness. People have
had enough and whether you like it or not, and
it's not trend did to say so. But Trump scratched
an itched with the likes of the transgender athletes.
Speaker 3 (34:20):
I think there was a lot of itches he scratched,
and he sort of got away with it because everyone
just rating off as being a rap bag, an idiot
and so on. So he was able to get away
with it. But in fact he was scratching the itch
that a lot of people were afraid to admit, but
they knew they had there and yes, So the interesting
(34:42):
thing here is one of the implications directly for Australia.
And I think that, as I said, we're going to
be fairly immune, he might ask us to put a
bit more money into Orcus, but we're already putting four
billion dollars in to build a new factory for them
over there. So you know, I think that those sort
of so I think Australia is a probably pretty good shape.
(35:03):
The other interesting thing is that the next Secretary, or
at least senior advisor on agriculture is like to be
Robert F. Kennedy Junior, and he's all about reducing seed
oils and reducing pesticides, and that was alluded to in
some of Trump's rallies. It's going to be interesting to
see what effect that has on the way we do agriculture,
Jamie two. And a lot of people are watching that
(35:24):
little sector with interest.
Speaker 4 (35:25):
All right, Chris, out of time thanks to yours. Today
we wait with bated breath to see how quickly Donald
Trump changes the world.
Speaker 7 (35:33):
See you later, sair Mate.
Speaker 4 (35:36):
No Static at All FM by Steely Dan, written in
the seventies when FM was a news thing. No one
had thought of digital radio by those days. All right,
that's us done and Dustin for the day. Michelle's chomping
or champing at the bit? Chomping, champing at the bit.
To give away some more fun packs, our text number
is five double nine Tony Watson from Ashburton. You miss
(35:59):
out because you've just the gun, but thanks for texting
and your name and your career address. We've got a
fun pack with some of that Farmer's poor beer from
Emersons to die for and the Heartland Potato chips brilliant, brilliant,
beautiful chips, as Trump would say, See you tomorrow.
Speaker 1 (36:20):
Catch you all the latest from the land. It's the
Country Podcast with Jamie McGue. Thanks to Brent You're specialist
in John Deere machinery.
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