November 26, 2025 • 37 mins
Jamie Mackay talks to Nigel Woodhead, Geoff Ross, Mark de Lautour, Chris Russell, and Greg Menzies.
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Speaker 1 (00:00):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay thanks to Brent, the starkest of
the leading agriculture brands.
Speaker 2 (00:12):
My songs, I have casually mentioned the bag that I
like the drink beer, and this little song is more
to the point, crawl out the barrel and mere ears.
I like beer.
Speaker 3 (00:29):
Good a New Zealand. Good afternoon, Yes, Tom t Hall,
I like beer. I like bear, especially Emerson's Bear and
Spats Bear as well, to be fair, and I'm going
to sample some this afternoon with some farmers who have
been smacked about by the storm a month ago in
southern New Zealand. We're going to head to South Otago
very shortly. I can hear the clattering in the background.
(00:50):
Niger Woodhead twenty seventeen Young Farmer of the Year and
host of the Southern Storm Shout. Jeff Ross, the man
behind New Zealand's first carbon neutral farm, Lake Harwea Station,
sharing his plan to help fellow farmers monetize their existing
woody vegetation by getting carbon credits through the Etsmark de Latour,
(01:12):
chief executive of Open Country Dairy, on that nine point
fifty payout. Chris Russell, our Rossie correspondent. Could Trump reimp reimpose,
get it right tariffs on Ossie beef? What might that
mean for us? And Greg Mensie's from Emerson's to wrap it?
But Nigel Wardhead twenty seventeen Young Farmer of the Year
(01:32):
joins us, I think from the Emerson's tiny pub venue
this afternoon for the sudden storm shout as I said,
what's all the noise in the background, Nigel.
Speaker 4 (01:40):
The afternoon, Jamie, it's your mates at Space putting up
their bar in the background and putting a hand running
around the around the beer drinking what they called out
the front the deck. So's yeah, she's all go here.
We're getting set up. It's the beautiful days heating up.
It's going to be warm, it's going to be good.
(02:01):
Goold be drinking with later on now.
Speaker 3 (02:03):
When we were setting this up, we discussed that someone
somewhere would come up with the health and safety plan.
Someone obviously has. If we've got a hand railing.
Speaker 4 (02:11):
There, wow, spakes here anyway, that's good.
Speaker 3 (02:16):
I think Michelle's onto a health and safety plan. We'll
bring it down with us.
Speaker 4 (02:20):
Nice sounds good. We've no we've we've thought about it,
like say, the hen railings going on the deep and
we've got a we've got a Cursey coach and sover
driver lader on to get people home locally. So yeah,
the works work, sofe can sleep tonight.
Speaker 3 (02:36):
Well it's not all about drinking beer, that's part of it.
There's plenty of nine alcoholic options. We've got plenty of
food thanks to silver Fern Farms, and we've got a
coffee cart and I reckon the ice cream cart might
go quite well this afternoon in the heat as well,
because yesterday here in Dunedin anyhow, nudge, I don't know
what it was like down the road in South Otago
(02:58):
was very very warm.
Speaker 5 (03:00):
It was hot.
Speaker 4 (03:01):
Yield thinks to scenew local who's bringing the ice cream
and coffee card up? I don't know if she knows
what's going to hit her if it stays hot. So yeah,
that's that was definitely hot use today and it's it's
like I say, it's getting hot again today and flying northwest,
which means if it's norwayst here that will be it
will be howling and land.
Speaker 3 (03:19):
Yeah, this is a bit like the fishes and the loaves.
We've got no idea, how many people are going to
turn up? How many can you cater for everybody?
Speaker 4 (03:28):
We've got plenty of space. We've got a whole farmer
for that, so Amus and always assure me they've got
plenty of bersa and the lions guys got heaps of food,
some of it's provided by locals and some of it
by silver and farms. Like you say, so heaps the
drink heaps to eight and there's always plenty of plenty
of yarns to go around as well.
Speaker 3 (03:49):
There's no there's no rain in the forecast, as the.
Speaker 4 (03:51):
Nodulm nah, no substance have you got?
Speaker 3 (03:55):
Have you got covered yards nearby? Because when we did
the thirtieth Celebration of the Country, we parked it at
under Markshallard's covered in yards. It was an ideal venue.
Speaker 4 (04:04):
I was there. It was a good Affterdot. Yes, the
covityards are right here and we're going to implement sheets
right here, the whole wall sheet. If it decides the rain,
which I wouldn't be disappointed about because we could do
with one.
Speaker 6 (04:15):
We up to your shelf, so you don't worry about that.
Speaker 4 (04:18):
You don't be afraid coming down later on after the
kids to finish school with. Our kids are looking forward
to running around with Eve, run up on the lawn
and all the add up to be down here at
the yard and where where the entertainment is it.
Speaker 3 (04:31):
Yeah, and everybody, and we have got a health and
safety plan, Michelle has assured me. You talked about your
getting a wee bit dry in South Otaga. Of course
you had a very wet spring or the southern part
of the country, didn't. We look, Nigel, and I know
you've well connected in farming circles because of your background
as a young farmer of the year. The east coast
of both islands are starting to get worryingly dry and
(04:53):
you get temperatures like thirty plus degrees. It just sucks
evairpo transpiration so much out of the soil.
Speaker 4 (05:01):
On the et yesterday there would have been five or
six miles easy the old You could see you could
see pastures starting to sort of get that we brough
that we sort of blue color, which means that they're
struggling to keep up and it's seeking day to day
and I'd say it'll probably similar tomorrow. So yeah, it's
a crucial time of year on farms. Sitting the season up,
(05:24):
going ms and keeping condition, but you founding.
Speaker 7 (05:27):
Much about it.
Speaker 4 (05:28):
I'd rather it was a weaver bit dry now and
then rained at Christmas so we could finish all our lambs,
but can't do anything about it.
Speaker 3 (05:35):
That's the and Nigel good news. And we're going to
finish the show with Greg Emerson's to wrap it Greg Emerson's,
Greg Greg Mensis from Emerson's. Your lambs are going to
be worth really good money. The dairying things calling its
heels a weaver that we'll talk to Mark delatour an
open country about that, but certainly the lamb and particularly
beef gee, I've never known it to be so buoyant.
Speaker 4 (05:59):
Yeah, they're talking even dollars for lamb at the moment,
which is unreal. I've done plenty of budget on in
farming that I've done plenty of budgets and the four,
five and six dollars Mark, So yeah, it's it's definitely
a rarity to see eleven, but it's good. So we'll
we'll hopefully be in a position to kill some lambs
in about three weeks time and yeah, hopefully we can
(06:19):
get as many away before Christmas before the recent a
rush turned up, but it's good to see a bit
of buoyants around the place alight. It just flows onto
the whole of the royal communities. It's fantastic and everyone
seems to be having a good year so long that continued.
Speaker 3 (06:32):
Fantastic. If people want to join us from three o'clock
this afternoon, we're going to boot you out at about seven.
What's your rapid address because you're at Levels Flat which
is halfway between Bellkluther and Milton. What's your rapid address?
Speaker 4 (06:45):
Seven eight nine Remote Road and we're at the end
of no exit road. So if you think you're getting
into what what to keep driving and please be careful
on the road. There's a bit now, but we'll get
your run up for you safely and have good afternoon.
Speaker 3 (06:55):
Good on you, how you look forward to your company
this afternoon. Nige or Wardhead along with Lee and the
whole Wardhead clan who are very kindly hosting the Southern
Storm shout for all those farmers in South Otago was
particularly badly hit by the wind, but that's not lessening
the issues that for instance, some of our farming friends
(07:16):
in North Canterbury are facing. They're facing the dry as
well up next to farmer who's broken the molder we
bit remember you might remember I think he still holds
the record for the most ever watched country calendar program.
His name is Jeff Ross. Along with his wife Justine,
they run Lake harwea station. He has a new venture
(07:38):
along with car Fields, to help farmers clip the ticket
with carbon credits from the ets. Really interesting proposal. Mark Delatour,
chief executive of Open Country Dairy. Chris Russell OURROSI correspondent
Greg Menzie's marketing manager for Emerson's All Round Good Bugger.
This whole Southern storm shout was his idea. We're going
(07:58):
to wrap the show with him.
Speaker 2 (08:00):
Champagne costs too much, but to put my mouth and
gear are this little refrain could help me explain. As
a matter of fact, I love beer.
Speaker 3 (08:14):
Yeah, and Jeff Ross, along with his wife Justine, run
Lake Harway Station, New Zealand's first carbon neutral farm. Jeff,
great to have you back on the country. You're offering
a joint venture, or you've set up a joint venture
(08:35):
with car Fields called carbon Fields, and you want to
monetize existing on farm vegetation such as scrub bush, poplars,
willows plantations, shut abouts you name it, so that farmers
can get some carbon credits out of the ets. This
looks like a bit of a one one for me.
Good afternoon, Good afternoon, Jamie.
Speaker 5 (08:57):
Yes, I think you've described it pretty well. Look the
backdrop for this actually came from speaking with some of
the team at Carfields where we realize that for a
lot of sheep and beef farmers, returns typically return on
your asset value is pretty low. It's less than two percent.
So we thought, how are we going to add incremental
revenue to a lot of sheep and bee farms? That
(09:19):
was observation one. Observation two was there's been a lot
of pine conversions, too many. In fact, we've lost a
lot of great farmland. So is there a simple, easy,
low friction way for farmers to monetize existing largely native
scrub and bush on their farms? And you know, that's
what we've set up to go about to do.
Speaker 3 (09:40):
So if a farmer wants to clip the ticket on
carbon credits and they want to deal with your company,
because I know you can go through independent consultants as well.
You literally offer a service where you just get a
farmer's address or rapid number, and you do everything else
for them through AI and satellite mapping, you name it.
Speaker 5 (09:58):
Yeah, that's exactly where we'll look. All of us these days,
it seems are too bloody busy, and you know it's
hard enough getting through your to do list on a
farm as it is without adding another job, which is
foreign to most of us. So that's exactly right. We
do the lot. All we need is your rapid number
and name on the title. We do all the applications
that mapping, the changes of vegetation, and the other kind
(10:20):
of barrier for a lot of farms is obviously you know,
funds available to do this, so we don't have any
upfront fees, there is no need to write a check.
Rather down the track once the credits are issued we
take a minor share of the credits, so we're pretty
aligned with the farm and our goal as well. So yeah,
it should be an easy one stop shop where we
do the lot, and not only to start the process off,
(10:42):
but year and year out, So we do it every
year on the farm's behalf and collect the income for
them if they like as well, so.
Speaker 3 (10:49):
Without giving away any state secrets, but on a reasonably
sized extensive farming operation that has lots of natural woody vegetation.
What sort of dollars could you get on an annual basis.
Speaker 5 (11:02):
Look, we've done farms that are around ten grand a
year in income to some farms up to around three
hundred to four hundred grand a year. I think is
our biggest one and income. So I think on average
it's about forty grand a year and income. So look
for some that's not life changing, but it is. It's
almost like passive income. You know, you don't need to
drench anything or crutch anything to receive that income. It
(11:24):
simply comes in every year, and it's coming in from
lands that in the most cases isn't being grazed anyway.
You know, it's pretty marginal, tough stuff, hard to get
stock and hard to get stock out. It's not producing
much grass anyway, so it's better off producing income via
the ets.
Speaker 3 (11:40):
So could carbon credits be the future emperor's new clothes?
If Trump and co. Have their way? Could carbon credits
eventually be worth nothing?
Speaker 5 (11:50):
Look, the general view, that's a great crystal ball question
which I probably can't answer accurately. But the general view
is the world needs to the carbonize we do need
some form of mechanic to be able to do that.
The ETS has been around since two thousand and eight.
There's the odd tinkering with it, but it's largely viewed
here that it will continue to be our In fact,
(12:13):
Minister Watts just reconfirmed it will be our really one
and only main instrument to help our country decarbonized. So
despite what Trump is saying, I suspect it will be
a major part of the global economy moving forward. And
I think the big opportunity Jamie, you know, if we
look forward, is New Zealand potentially could be a net
(12:37):
exporter of carbon credits. So rather than perhaps this crazy
talk of importing cheap carbon credits, which doesn't make sense
to anybody, in time, we could actually be a net
export of high integrity New Zealand native farm credits, which
I think would be in a high demand globally.
Speaker 3 (12:53):
As New Zealand's first carbon neutral farm. Are you're making
money at Lake Highway Station? I know you've sunk a
lot in.
Speaker 5 (12:58):
There, Jet, Well, we are a lot of people us. Yes,
I guess you know this is a brighter time. However,
I guess for most sheep and beef farmers particularly, you know,
as those meat schedules remain high, but we are and
I guess the key key technique we've used is by
by marketing our carbin zero or climate positive walls, so
(13:21):
we get a substantial premium for our marino wall because
of our cabin position.
Speaker 3 (13:26):
And I also know as a side hustle you run
like a farm tourism or farm stay business there as well.
And the tightest man in New Zealand, Andy Thompson's daughters
getting married there this weekend. I hope you're not doing
this for nothing. I hope he's going to pay something.
Speaker 5 (13:41):
Well, i'd hope so in time as well.
Speaker 3 (13:44):
That doesn't sound promising.
Speaker 5 (13:46):
That that's not sounding promise there at the moment. Probably
not the best deal I've done. I'd have to say.
Speaker 3 (13:52):
Well, the best deal was selling forty two below vodka,
wasn't it?
Speaker 5 (13:56):
Look that that was a good thing for all shareholders?
And forty two blow yeah?
Speaker 3 (14:00):
Yeah, And of course you do hold the world record
for having the most viewed country calendar program of all time.
Do you regret the sheep pads?
Speaker 5 (14:12):
Look, I regret that they became a big part of
the story. I think the big part of that story
was that we as farmers in New Zealand need to
try things to get premiums. There's thirty thousand farms in
New Zealand and we all should be looking for innovation
really to drive up our earnings because we're not earning enough.
But there seemed to be a little bit too much
(14:32):
attention on the mattresses and not enough attention on the premiums.
So perhaps if that was our doing, ye would regret that.
Speaker 3 (14:40):
Well. Jeff Ross, thanks for being open and honest. Good
luck this weekend with Andy Thompson's wallets. Sooner you than me.
And if people want to have a crack at this,
it's money for nothing. The joint venture is called carbon Fields.
Just talk to Carfields about it. Thanks for your time.
Speaker 5 (14:54):
Actually, Jamie, the easiest way is just jump onto carbon
fieldstock Co Dot Nz and there's a wee form even
I can fill it out and it'll take you about
one minute and we just need your rapid number, your
name and contact details. So just have a look at
Carbinfield stock Co Dot n said.
Speaker 3 (15:08):
Well, I think I might have to send you a
bill now there we go, see you later, Jeff. Thanks Jamie, Yes,
thank you Jeff twenty five after twelve. I think Thompson's
squealing like a stuck pig at the cost of his
daughter's wedding. I'll enjoy that one anyhow. Good luck to
the Thompson plan as well. They are related to the Rosses.
(15:29):
I think that's how Thompson gets the mates rates. Surely
he will pay something for it. Michelle Watt has wandered
in here. Have you got the health and safety plan sorted?
Speaker 8 (15:38):
I do? I do. Well.
Speaker 3 (15:39):
It's good to see that spates are taking a precaution
and putting a handrail up so you don't fall off
the deck, not that anyone would, it's.
Speaker 9 (15:47):
A good idea. I think I'm wondering how big this
stick is if it's got a handrail.
Speaker 3 (15:50):
Yeah. Well, the rapid addresses seven eight nine Remote Road.
It's at levels flat, halfway halfway between I've never been
to as far halfway between Belcluth where you're from, and Milton.
And for those of you who travel on State Highway one,
is is it called the Old Side Cottage?
Speaker 7 (16:09):
It is?
Speaker 9 (16:09):
Yes, it's not far from his farm's quite far from there, obviously,
but like between that area.
Speaker 3 (16:14):
That sort of area, beautiful farmland in there anyhow, looking
forward to that one, you're driving the hybrid high lucks
down there. Well more importantly, you're driving it back for
me taking the team from the country down there. Now,
you just make sure you bring the health and safety plan. Michelle,
where I've got my blinder up? Next, Mark de Latour
(16:36):
was nine to fifty always going to be the number.
We'll ask him next, the chief executive of Open Country
Dery Chris Russell or Osie correspondent. Could Trump reimpose beef
tariffs on Australia and a We're going to wrap it
with Greg Mensi's from Emerson's Might I dream.
Speaker 2 (16:54):
That I passed from the scene and some of mass At.
Speaker 3 (17:02):
The moment, this man is running around the country playing
Santa Claus at the Open Country Dairy Christmas parties. In
between that he is a soothsayer, a nostrodamist. Because Mark
de Latour, you said to me several months ago, off
the record, and we'll put it on the record now
that nine to fifty was going to be the number.
Speaker 6 (17:22):
Good afternoon, Jamie. Yeah, well that was off the record
and it was an opinion. You know. We was talking
our a company about statements are either opinion, assessment or fact,
and that was an opinion, And you know, I think
that it's going to be about that. I mean, most
farmers a couple of years ago would have jumped at
nine point fifty. And I guess after the fantastic result
(17:44):
last season, that seems a bit of a downer. But
at the end of the day, for the dairy industry
and he's in, it will be a couple of strong seasons,
even if it is trending down. Just at the moment is.
Speaker 3 (17:54):
The downside risk on that nine fifty. And I'm only
asking you wearing your open country dairy hat because behind Fonterra,
who are the length of the straight, the biggest dairy
processor in the country, they've got about eighty percent, you
guys are what thirteen or fourteen percent, so you are
clearly the second major player.
Speaker 6 (18:13):
Yeah, that's right. I guess we are two new acquisitions.
You know, we're around that thirteen percent mark for sure.
So look, I think there is you know, there's no
doubt that the prices that the industry has been enjoying,
you know, it's the best that the season will be.
I think it is trending down. There's plenty of milk
product around China is a year away from really getting
(18:35):
their domestic supply sorted. It is coming down their domestic supply,
but it's sort so they're not buying, you know, really
what they were, and so there is a little bit
of downward pressures. You know, I don't see a really
low price, you know, I don't think it's going to
get to that. But but you know, there's certainly some
risk we should all be aware of. You know, we've
(18:57):
been talking about that at our supplier meetings as well
as the Christmas parties that we're having at the moment.
So just keeping farmers aware that, you know, are there
is some downside and be careful not to start borrowing
too much money from the banks.
Speaker 3 (19:13):
The futures market, and I know sometimes you're a wee
bit dismissive of this, but the futures market, no surprise
for this season's currently sitting at nine dollars fifty Everyone
now seems to be in unison with that number. But
perhaps more concerningly, twenty six twenty seven is sitting at
eight dollars sixty eight. I know there's a lot of
water to go under the bridge, you know, we're talking
(19:34):
eighteen months out or more, aren't we But that's a
bit of a worrying number.
Speaker 6 (19:40):
Yeah it is. And I am dismissive of the futures market,
certainly in the dairy world, because it's such a shallow marketing.
It's not that liquid, so it tends to be more
the opinion of a couple of larger players that operate
in that market more than a true futures market. But
you know, I think there's probably a little bit bleak
(20:02):
looking at the moment. But you know, I think we've seen,
you know, changes just this year alone where futures have
been significantly above say a GDT type number and below.
And you know, we've seen quite a few contracts this
year in the industry at a New Zealand signed up
on futures rather than using GDT as are based and
(20:22):
a few sales have been done based on futures, which
is unsettled things a little bit. So I don't put
too much weight though, in that number, because it is
quite volatile. A couple of trades can move it significantly
up and down.
Speaker 3 (20:35):
We're through the peak of seasonal production and you know
what plays out from here on and is in the
lap of the weather gods. But I wonder whether the
market was slightly distorted by talk of ten dollars and
there's perhaps more supplement feeding gone and than would have
been the case of nine point fifty was the number.
Speaker 6 (20:54):
Yeah, I think I think we'll probably see that naturally
level off. You know, people be bit more cautious with
a winter feed and how many stock units they keep
on the land. But I think, you know, again I'll
just stress we're not We're not looking at anything too
bleak at this stage. There's not think, you know, let's
not do a chicken a little scenario here, because it's
(21:15):
just the market is softening a little bit, but it's
softening from a very very high base. So you know
the sentiment of the farmer isn't that that we've you know,
we've celebrated or started celebrating Christmas with so I've been
very very positive and conscious that you know, the gold
rush can't last forever. But but there's nothing really on
the horizon that suggests that it's going to be you know,
(21:36):
it's going to convert to the opposite that quickly.
Speaker 3 (21:38):
Yeah, And the biggest cost on farm is interest rates.
I know we're now at the bottom of that cycle.
But it's a good time perhaps to lock in without
wanting to be a mortgage advisor. But you can mitigate risk.
You can fix your milk price and you can also
fix your interest rates.
Speaker 6 (21:54):
Yeah, that's right, and it's it's you know, it is
about people's appetite for risk and their own I want sheets, Jamie.
We don't try and advise, but you know, as I said,
we're halfway through our Christmas functions now. I think we're
fed and watered over a thousand people in the last
week and a half. So you know, it's good to
celebrate with farmers and give a little bit back and
(22:16):
say thank you. But you know, the message that we've
been giving is clearly the financial sector is now going
to turn around and say geellous debts being paid back
after the good in a season or so, we're going
to have to start landing again. So you know, to
everyone just just be careful. There's going to be some incentives,
but we know how those rules can change as seasonal
(22:38):
prices go up and down. So you know, a good
prudent approach is something we recommend.
Speaker 3 (22:44):
Hey Mark delatour chief executive of Open Country Dairy, I
know you're on the Christmas rounds as you say, no doubt,
cheese and crackers will be on the menu, along with
a couple of beverages. Thanks for your time or catch
you just before Christmas.
Speaker 6 (22:56):
No worries, Jamie good to talk me.
Speaker 3 (23:00):
Bear twenty five away from one. Lots of feedback coming
in about Andy Thompson's, for want of a better word, tightness.
Of course, his competition, not opposition. He does run a
rural show. Actually, Shane mcmanaway, this is just several years ago.
We were at the christ Church Show and Andy was
(23:21):
there and he had his horse float there which I
think he'd sponsored off to wall Flex. Anyhow, he'd managed
to get a horse float for next to nothing and
so to help to repay all flex, he invited Shane
mcmanaway and myself Shane mcmanaway was the chief executive at
the time, for a bear and his horse float. And
Shane's just texted me and said, hope Thompson has the
(23:43):
bear colder than what he dished up to us in
the back of the horse float. I have never drunk
bear like. It wasn't only warm, it tasted like horses pee.
Can I say that he certainly didn't push the boat
out on the quality of bear. But we've got really
good bear for you this afternoon. Come and have a
Mackay's with us at the Southern Storm showed up next
to Michelle with a health and safety plan for this
(24:05):
afternoon and rural news.
Speaker 2 (24:16):
And some of my songs I have casually mentioned the
fact that I late the drink beer.
Speaker 1 (24:24):
The country's world news with Cob Cadets, New Zealand's leading
right on lawn Bower Bread, visit steel for dot Co
dot Inc. For your locals, Douggist.
Speaker 3 (24:33):
Twenty one away from one Michelle wat your first job
today or you've got two jobs today. Get the health
and safety plan, which I think you've got under control, right.
Speaker 9 (24:42):
I've got a massive finder.
Speaker 3 (24:44):
Yeah. And have you got a time out zone for
the farmers?
Speaker 9 (24:49):
No, but we can create one. I'm sure I can
get some electrical tape from my old mate down there
and see something up.
Speaker 8 (24:54):
Well.
Speaker 3 (24:55):
I had to laugh, like this is I don't want
to be unkind to Auckland. But they they're they're the
ones who insisted on having a health and safety plan
for the country's thirtieth At Mark and Tarania Shallon's property.
So we parked the Emerson's Tiny pub under the covered yards.
It was April, it was a bit cooler then, unlike today.
But they wanted a timeout zone for the farmers, just
(25:16):
in case they drank too much beer. I said, there's
no different than going to the pub. They don't need
a time out zone. And then of course there was
the parking issues. The health and safety plan required that
we had a parking plan, and the woman in Auckland
said to me, where are they going to park? I said,
it's on an eight hundred acre farm. There's a paddock
right beside the covered yards. Let's park there. Anyhow, don't
(25:38):
start me on health and safety plans, because I know
they're essential. What's happening in rural news, Okay?
Speaker 9 (25:43):
In rural news, Jamie Palmer or land Court Farming limit
It has announced an updated forecast for net operating profit
for the financial year ending June our thirtieth of during
twenty twenty six, the company is forecasting an uplift of
between eighty million and ninety million, up from the August
twenty twenty five forecast of between sixty nine million and
seventy nine million. And that's well above the target of
(26:06):
sixty one point three million, which was contained in its
f y two six and f y two eight statement
of Corporate Intent. I thought you might find it quite
interesting since you've been talking about, you know, will they
sell it off?
Speaker 7 (26:17):
Yeah?
Speaker 3 (26:17):
Well, it's good that Palmer's profitable and showing a reasonable profit.
But if you're not going to make money this year
on largely sheep and beef and dairy as Palmer is,
you never will. It's just the question is Palma or
Land Corp the best utilization of money. I think it's
worth two billion dollars or something like that. All I
would say is you can build some hospitals for that
(26:38):
sort of money. Anyhow, I might be wrong on that one.
Speaker 1 (26:40):
His sport sport on the country with AFCO one hundred
percent Q we owned.
Speaker 8 (26:47):
That's rare.
Speaker 3 (26:48):
A whole in one on the par three seventeenth at
the Royal Queensland Golf Club for Kazuma Kabori during the
opening round of the Australian PGA Championship in Brisbane. The
Cantabrians sunk the by hitting his tee shot over one
hundred and twenty five meters of sandy desert, so there
you go. And South Africa have beaten India by four
(27:10):
hundred and eight runs in the second Test at Guwahati. Guwahati.
I'll go with that to complete a two nil series sweep.
And that is your sports news. Up next to our
Orosie correspondent, Chris Russell, Land of the we're going to
head there for the land of the two day Ashes tests.
(27:33):
Let's head across the ditch Land of the two day
Ashes Test. More about that later. Our Osie correspondent as
Chris Russell. Chris, we've just had the tariffs off beef
and kiwi fruit taken off here in New Zealand. Great
news for us. Could it be possible that Australia you
could have your tariffs on beef reimposed.
Speaker 8 (27:54):
Well, this is the rumor that these what we're about
to pass. I've just passed through the House of Reps
and it's now going to the Senate. But it's almost
certainly going to get through the situation where we're not
going to allow anyone under sixteen to have access to
social media that includes Meta and X and all of
(28:14):
the old Facebook and so on. They won't be able
to allow to have that access. And if they're found
the begiving access. The fines are forty million dollars or
something per case. So that's the first thing. And the
second thing, there's another law going through which is going
to require companies like Netflix and Paramount and so on
(28:36):
to have a minimum amount of Australian content in the
movies and series that they put onto their channels. Now
once again, the American film industry sees that, and of
course Microsoft and Meta and x all see the imposition
of no Socials as being a hit against America and
anti American, and Trump specifically said anything anti American, we'll
(29:00):
see tariffs in other areas. So the only two areas
really they can hit a substance is pharmaceutical and agriculture.
So the farmers are really saying, well, you know, we
might be out of the woods here, yet we could
still see a tariff being reimposed. I don't think in beef,
and as we've talked about before, it's going to make
that much difference because they can't get enough of it,
(29:21):
but certainly can make a difference in pharmaceuticals.
Speaker 3 (29:23):
Hey, in politics across the distion, this is really interesting
and it has a flow on effect. I guess for us.
The National Party is defending their decision and this is
the opposition coalition to drop a net zero by twenty fifty.
And also Barnaby Joyce, who belongs to that party, correct
me if I'm wrong, is going to defect to Pauline
Hanson's One Australia or whatever she calls her party. How
(29:47):
does all this work?
Speaker 8 (29:48):
Yeah, one Nation they call her party, and yes, I
mean the The problem they've got is that there's a
very big polarized community here. One says that nats might
be nice, but we can't afford it, and the other
one says, it doesn't matter what it costs, We've got to.
Speaker 5 (30:04):
Do it now.
Speaker 8 (30:05):
The National Party, being really representatives of the Bush, are
very much on the you know, we can't afford it,
we need we Sure, let's do it, but let's do
it at a time and place that suits us. You
still consider the amount of coal that we're shipping and
it's all being used as cheap energy by our competitors.
So Barnaby Joyce was completely opposed to any sort of
(30:28):
net zero and here, while the National Party have now
adopted that anti net zero policy, he still decided to
leave the party because he felt they were out of
touch with their electorate. He's now talking about getting into
bed while not literally with Pauline Hanson and who's incidentally
just been thrown out of Parliament for wearing a burker
into Parliament to protest against the fact that burker's were
(30:51):
not illegal in Australia and you couldn't see who people
were and she's been thrown out for a week. I
think only the third parliamentarian who ever been thrown out
for a week in Australia history. But so that's Barnaby's story.
He's reputed to be going to jump ship today. Now
we haven't had that confirmed yet, but you know that's
the story. We're likely to see that happen and I
(31:12):
think Barnaby will become a one nation person really quickly.
Speaker 3 (31:16):
To finish on first two day Ashes test since nineteen
twenty one, I think there was another way back in
eighteen eighty eight. Second Test is at the Gabber and
it's going to be the pink ball Test.
Speaker 8 (31:27):
Yeah, that's it, and everyone's warming up for that. The
interesting story is that the English side decided not to
play any of their test players in the pink ball
game being played against the Prime Minister's eleven in Canberra.
Now you'd think they'd want all the practice they could
get at that pink ball game, but that's not going
to be the case. I'm not a big fan of
(31:49):
the pink ball game in terms of the quality of
the cricket, but nonetheless it is part of the series
and it'll be very interesting to see what happens. But
the fact that I was in the high and low
and high and low with that first Test, you know,
we're extraordinary when you look at the number of balls
that were actually battered as well, you know there were
(32:10):
there were some of the lowest three hundred and twenty
five balls were bowld in Melbourne in nineteen hundred and
four and we're only at three four hundred and five
deliveries you know, in Perth, So you know that's a
total number of deliveries being faced by the Palmers very low.
So it's not boting well for anyone buying tickets on
(32:31):
days three, four and five.
Speaker 3 (32:32):
Jamie, okay, Chris, all the best. Hopefully it gets into
day's three and four. I'm not sure I'm a big
fan of bears ball either. We want Test match cricket
to go more than two days. Hey, we'll catch you
next week.
Speaker 9 (32:44):
See mate.
Speaker 2 (32:46):
It makes me.
Speaker 3 (32:51):
And some of myce okay, wrapping the country. Got a
text in five double nine's text number from someone who's
said I didn't update the Canterbury Otago plunket. I think
it's the plunket shield, isn't it? Game being played only
stones throw away from my comfy studio. Well, let me
have a look. It's day two can be declared five
(33:16):
hundred and one for seven Otago, trailing by four hundred
and eighty five runs. They're currently sixteen without loss. Right,
the man who deserves most of the credit for the
Southern storm shout joins us now Emerson's marketing manager all around,
good bugger, Greg mensies. Greg, You and I were sitting
together in the tiny pub at the christ Church Show.
(33:38):
It was raining and we were pondering what to do
with ourselves, and you said, let's shout some farmers down
south who have been smacked by the wind.
Speaker 7 (33:45):
Well done you, Yeah, well we've done it before with
Cyclone Gabriel up in the North Island, so I thought
these guys got hat just as far down here with
the wind, So why not bring the pubs and we
wear mates from spaces along Arthens. We're in Spats heartland country,
so we're here waiting.
Speaker 8 (34:03):
Yeah.
Speaker 3 (34:04):
Well, Hayden Finch, well known rugby player down this end
of the country from a great rugby playing family. He's
the Spats guy down in Otago here and he's he
was really keen to bring the Spates bar along as well.
And he's put up due to our health and safety
plan handrail so people don't fall over. I'm pleased to
hear that. Greg.
Speaker 7 (34:24):
Well, we pulled out probably about half an hour before funch.
We were set up within five minutes. French. She took
about an hour to set a pub up.
Speaker 6 (34:32):
But it's good to go now.
Speaker 7 (34:35):
He's a little bit hot and weathered, but he's good.
Speaker 3 (34:37):
Good now. Talking about the wind, that's the reason we've
got the Southern Storm shout. You had to get the
Emerson's Tiny Pub from Dunedin down to Nigella and Leanne
Woodheads farm down on South Otago. It was a bit
windy this morning because that thing, you know, it's just
a big shed on the on on wheels. It blows
around a bit in the wind. Did you have any issues, No,
(34:59):
not with one.
Speaker 7 (35:00):
But we forgot about a low bridge on the way down,
so we got kind of three quarters of the way
here and realized there was a bridge that we couldn't
fit under, so we had to back the finally pop
up about eight hundred meters to take a long cut
around around the rail track. So that was a bit
of a venture.
Speaker 3 (35:18):
Well, I was going to say, backing that thing for
eight hundred meters, I hope who's driving it?
Speaker 4 (35:22):
That's you know what?
Speaker 3 (35:24):
Yeah I met what was I met?
Speaker 8 (35:26):
Was?
Speaker 3 (35:27):
I know him?
Speaker 8 (35:27):
Well?
Speaker 3 (35:27):
The met him at christ Church? So well done you.
So the smoke spars set up, you guys are set
up as the barbie there yet silver f and farms,
boys and girls there yet.
Speaker 7 (35:37):
We're just waiting for them. They should be here, not
too far away. So we could to get some food
down here. But at the moment there's about five of
us here, so well, well, don't come on down.
Speaker 3 (35:48):
Yeah, it doesn't officially start till three pm. So you
well did you did you not get that memo?
Speaker 7 (35:55):
I missed that memo.
Speaker 3 (35:58):
Three pm should have told you that. But if you
wander along earlier, you guys are there now listen to Yeah, hey,
greg on behalf of us here at the Country and
everyone who's gotten behind this. No one's asked for anything.
Everyone has just given. Some bloke with a travel company
in the North Island. I've got to give him a
plug or get his name. He just chucked one thousand
(36:18):
dollars cash and for some of the incidentals. So it's
really good. This is the best side of rural New
Zealand helping people out who have had a bit of
a tough time. Thank you so much for your time
and I'll catch you this afternoon and we'll have a makaiso.
Speaker 7 (36:31):
All right, I'm good.
Speaker 3 (36:33):
You're a great man. He is one of life's great men.
Greg Men's he's there, marketing manager for Emerson's a wonderful Richard.
The Godfather is going to be there. We'll tell you
about that tomorrow.
Speaker 2 (36:44):
He's more to the point.
Speaker 1 (36:47):
Catch all the latest from the Land. It's The Country
Podcast with Jamie McKay. Thanks to friend. You're specialist in
John Deere construction equipment.
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay thanks to Brent, the starkest of
the leading agriculture brands.
Speaker 2 (00:12):
My songs, I have casually mentioned the bag that I
like the drink beer, and this little song is more
to the point, crawl out the barrel and mere ears.
I like beer.
Speaker 3 (00:29):
Good a New Zealand. Good afternoon, Yes, Tom t Hall,
I like beer. I like bear, especially Emerson's Bear and
Spats Bear as well, to be fair, and I'm going
to sample some this afternoon with some farmers who have
been smacked about by the storm a month ago in
southern New Zealand. We're going to head to South Otago
very shortly. I can hear the clattering in the background.
(00:50):
Niger Woodhead twenty seventeen Young Farmer of the Year and
host of the Southern Storm Shout. Jeff Ross, the man
behind New Zealand's first carbon neutral farm, Lake Harwea Station,
sharing his plan to help fellow farmers monetize their existing
woody vegetation by getting carbon credits through the Etsmark de Latour,
(01:12):
chief executive of Open Country Dairy, on that nine point
fifty payout. Chris Russell, our Rossie correspondent. Could Trump reimp reimpose,
get it right tariffs on Ossie beef? What might that
mean for us? And Greg Mensie's from Emerson's to wrap it?
But Nigel Wardhead twenty seventeen Young Farmer of the Year
(01:32):
joins us, I think from the Emerson's tiny pub venue
this afternoon for the sudden storm shout as I said,
what's all the noise in the background, Nigel.
Speaker 4 (01:40):
The afternoon, Jamie, it's your mates at Space putting up
their bar in the background and putting a hand running
around the around the beer drinking what they called out
the front the deck. So's yeah, she's all go here.
We're getting set up. It's the beautiful days heating up.
It's going to be warm, it's going to be good.
(02:01):
Goold be drinking with later on now.
Speaker 3 (02:03):
When we were setting this up, we discussed that someone
somewhere would come up with the health and safety plan.
Someone obviously has. If we've got a hand railing.
Speaker 4 (02:11):
There, wow, spakes here anyway, that's good.
Speaker 3 (02:16):
I think Michelle's onto a health and safety plan. We'll
bring it down with us.
Speaker 4 (02:20):
Nice sounds good. We've no we've we've thought about it,
like say, the hen railings going on the deep and
we've got a we've got a Cursey coach and sover
driver lader on to get people home locally. So yeah,
the works work, sofe can sleep tonight.
Speaker 3 (02:36):
Well it's not all about drinking beer, that's part of it.
There's plenty of nine alcoholic options. We've got plenty of
food thanks to silver Fern Farms, and we've got a
coffee cart and I reckon the ice cream cart might
go quite well this afternoon in the heat as well,
because yesterday here in Dunedin anyhow, nudge, I don't know
what it was like down the road in South Otago
(02:58):
was very very warm.
Speaker 5 (03:00):
It was hot.
Speaker 4 (03:01):
Yield thinks to scenew local who's bringing the ice cream
and coffee card up? I don't know if she knows
what's going to hit her if it stays hot. So yeah,
that's that was definitely hot use today and it's it's
like I say, it's getting hot again today and flying northwest,
which means if it's norwayst here that will be it
will be howling and land.
Speaker 3 (03:19):
Yeah, this is a bit like the fishes and the loaves.
We've got no idea, how many people are going to
turn up? How many can you cater for everybody?
Speaker 4 (03:28):
We've got plenty of space. We've got a whole farmer
for that, so Amus and always assure me they've got
plenty of bersa and the lions guys got heaps of food,
some of it's provided by locals and some of it
by silver and farms. Like you say, so heaps the
drink heaps to eight and there's always plenty of plenty
of yarns to go around as well.
Speaker 3 (03:49):
There's no there's no rain in the forecast, as the.
Speaker 4 (03:51):
Nodulm nah, no substance have you got?
Speaker 3 (03:55):
Have you got covered yards nearby? Because when we did
the thirtieth Celebration of the Country, we parked it at
under Markshallard's covered in yards. It was an ideal venue.
Speaker 4 (04:04):
I was there. It was a good Affterdot. Yes, the
covityards are right here and we're going to implement sheets
right here, the whole wall sheet. If it decides the rain,
which I wouldn't be disappointed about because we could do
with one.
Speaker 6 (04:15):
We up to your shelf, so you don't worry about that.
Speaker 4 (04:18):
You don't be afraid coming down later on after the
kids to finish school with. Our kids are looking forward
to running around with Eve, run up on the lawn
and all the add up to be down here at
the yard and where where the entertainment is it.
Speaker 3 (04:31):
Yeah, and everybody, and we have got a health and
safety plan, Michelle has assured me. You talked about your
getting a wee bit dry in South Otaga. Of course
you had a very wet spring or the southern part
of the country, didn't. We look, Nigel, and I know
you've well connected in farming circles because of your background
as a young farmer of the year. The east coast
of both islands are starting to get worryingly dry and
(04:53):
you get temperatures like thirty plus degrees. It just sucks
evairpo transpiration so much out of the soil.
Speaker 4 (05:01):
On the et yesterday there would have been five or
six miles easy the old You could see you could
see pastures starting to sort of get that we brough
that we sort of blue color, which means that they're
struggling to keep up and it's seeking day to day
and I'd say it'll probably similar tomorrow. So yeah, it's
a crucial time of year on farms. Sitting the season up,
(05:24):
going ms and keeping condition, but you founding.
Speaker 7 (05:27):
Much about it.
Speaker 4 (05:28):
I'd rather it was a weaver bit dry now and
then rained at Christmas so we could finish all our lambs,
but can't do anything about it.
Speaker 3 (05:35):
That's the and Nigel good news. And we're going to
finish the show with Greg Emerson's to wrap it Greg Emerson's,
Greg Greg Mensis from Emerson's. Your lambs are going to
be worth really good money. The dairying things calling its
heels a weaver that we'll talk to Mark delatour an
open country about that, but certainly the lamb and particularly
beef gee, I've never known it to be so buoyant.
Speaker 4 (05:59):
Yeah, they're talking even dollars for lamb at the moment,
which is unreal. I've done plenty of budget on in
farming that I've done plenty of budgets and the four,
five and six dollars Mark, So yeah, it's it's definitely
a rarity to see eleven, but it's good. So we'll
we'll hopefully be in a position to kill some lambs
in about three weeks time and yeah, hopefully we can
(06:19):
get as many away before Christmas before the recent a
rush turned up, but it's good to see a bit
of buoyants around the place alight. It just flows onto
the whole of the royal communities. It's fantastic and everyone
seems to be having a good year so long that continued.
Speaker 3 (06:32):
Fantastic. If people want to join us from three o'clock
this afternoon, we're going to boot you out at about seven.
What's your rapid address because you're at Levels Flat which
is halfway between Bellkluther and Milton. What's your rapid address?
Speaker 4 (06:45):
Seven eight nine Remote Road and we're at the end
of no exit road. So if you think you're getting
into what what to keep driving and please be careful
on the road. There's a bit now, but we'll get
your run up for you safely and have good afternoon.
Speaker 3 (06:55):
Good on you, how you look forward to your company
this afternoon. Nige or Wardhead along with Lee and the
whole Wardhead clan who are very kindly hosting the Southern
Storm shout for all those farmers in South Otago was
particularly badly hit by the wind, but that's not lessening
the issues that for instance, some of our farming friends
(07:16):
in North Canterbury are facing. They're facing the dry as
well up next to farmer who's broken the molder we
bit remember you might remember I think he still holds
the record for the most ever watched country calendar program.
His name is Jeff Ross. Along with his wife Justine,
they run Lake harwea station. He has a new venture
(07:38):
along with car Fields, to help farmers clip the ticket
with carbon credits from the ets. Really interesting proposal. Mark Delatour,
chief executive of Open Country Dairy. Chris Russell OURROSI correspondent
Greg Menzie's marketing manager for Emerson's All Round Good Bugger.
This whole Southern storm shout was his idea. We're going
(07:58):
to wrap the show with him.
Speaker 2 (08:00):
Champagne costs too much, but to put my mouth and
gear are this little refrain could help me explain. As
a matter of fact, I love beer.
Speaker 3 (08:14):
Yeah, and Jeff Ross, along with his wife Justine, run
Lake Harway Station, New Zealand's first carbon neutral farm. Jeff,
great to have you back on the country. You're offering
a joint venture, or you've set up a joint venture
(08:35):
with car Fields called carbon Fields, and you want to
monetize existing on farm vegetation such as scrub bush, poplars,
willows plantations, shut abouts you name it, so that farmers
can get some carbon credits out of the ets. This
looks like a bit of a one one for me.
Good afternoon, Good afternoon, Jamie.
Speaker 5 (08:57):
Yes, I think you've described it pretty well. Look the
backdrop for this actually came from speaking with some of
the team at Carfields where we realize that for a
lot of sheep and beef farmers, returns typically return on
your asset value is pretty low. It's less than two percent.
So we thought, how are we going to add incremental
revenue to a lot of sheep and bee farms? That
(09:19):
was observation one. Observation two was there's been a lot
of pine conversions, too many. In fact, we've lost a
lot of great farmland. So is there a simple, easy,
low friction way for farmers to monetize existing largely native
scrub and bush on their farms? And you know, that's
what we've set up to go about to do.
Speaker 3 (09:40):
So if a farmer wants to clip the ticket on
carbon credits and they want to deal with your company,
because I know you can go through independent consultants as well.
You literally offer a service where you just get a
farmer's address or rapid number, and you do everything else
for them through AI and satellite mapping, you name it.
Speaker 5 (09:58):
Yeah, that's exactly where we'll look. All of us these days,
it seems are too bloody busy, and you know it's
hard enough getting through your to do list on a
farm as it is without adding another job, which is
foreign to most of us. So that's exactly right. We
do the lot. All we need is your rapid number
and name on the title. We do all the applications
that mapping, the changes of vegetation, and the other kind
(10:20):
of barrier for a lot of farms is obviously you know,
funds available to do this, so we don't have any
upfront fees, there is no need to write a check.
Rather down the track once the credits are issued we
take a minor share of the credits, so we're pretty
aligned with the farm and our goal as well. So yeah,
it should be an easy one stop shop where we
do the lot, and not only to start the process off,
(10:42):
but year and year out, So we do it every
year on the farm's behalf and collect the income for
them if they like as well, so.
Speaker 3 (10:49):
Without giving away any state secrets, but on a reasonably
sized extensive farming operation that has lots of natural woody vegetation.
What sort of dollars could you get on an annual basis.
Speaker 5 (11:02):
Look, we've done farms that are around ten grand a
year in income to some farms up to around three
hundred to four hundred grand a year. I think is
our biggest one and income. So I think on average
it's about forty grand a year and income. So look
for some that's not life changing, but it is. It's
almost like passive income. You know, you don't need to
drench anything or crutch anything to receive that income. It
(11:24):
simply comes in every year, and it's coming in from
lands that in the most cases isn't being grazed anyway.
You know, it's pretty marginal, tough stuff, hard to get
stock and hard to get stock out. It's not producing
much grass anyway, so it's better off producing income via
the ets.
Speaker 3 (11:40):
So could carbon credits be the future emperor's new clothes?
If Trump and co. Have their way? Could carbon credits
eventually be worth nothing?
Speaker 5 (11:50):
Look, the general view, that's a great crystal ball question
which I probably can't answer accurately. But the general view
is the world needs to the carbonize we do need
some form of mechanic to be able to do that.
The ETS has been around since two thousand and eight.
There's the odd tinkering with it, but it's largely viewed
here that it will continue to be our In fact,
(12:13):
Minister Watts just reconfirmed it will be our really one
and only main instrument to help our country decarbonized. So
despite what Trump is saying, I suspect it will be
a major part of the global economy moving forward. And
I think the big opportunity Jamie, you know, if we
look forward, is New Zealand potentially could be a net
(12:37):
exporter of carbon credits. So rather than perhaps this crazy
talk of importing cheap carbon credits, which doesn't make sense
to anybody, in time, we could actually be a net
export of high integrity New Zealand native farm credits, which
I think would be in a high demand globally.
Speaker 3 (12:53):
As New Zealand's first carbon neutral farm. Are you're making
money at Lake Highway Station? I know you've sunk a
lot in.
Speaker 5 (12:58):
There, Jet, Well, we are a lot of people us. Yes,
I guess you know this is a brighter time. However,
I guess for most sheep and beef farmers particularly, you know,
as those meat schedules remain high, but we are and
I guess the key key technique we've used is by
by marketing our carbin zero or climate positive walls, so
(13:21):
we get a substantial premium for our marino wall because
of our cabin position.
Speaker 3 (13:26):
And I also know as a side hustle you run
like a farm tourism or farm stay business there as well.
And the tightest man in New Zealand, Andy Thompson's daughters
getting married there this weekend. I hope you're not doing
this for nothing. I hope he's going to pay something.
Speaker 5 (13:41):
Well, i'd hope so in time as well.
Speaker 3 (13:44):
That doesn't sound promising.
Speaker 5 (13:46):
That that's not sounding promise there at the moment. Probably
not the best deal I've done. I'd have to say.
Speaker 3 (13:52):
Well, the best deal was selling forty two below vodka,
wasn't it?
Speaker 5 (13:56):
Look that that was a good thing for all shareholders?
And forty two blow yeah?
Speaker 3 (14:00):
Yeah, And of course you do hold the world record
for having the most viewed country calendar program of all time.
Do you regret the sheep pads?
Speaker 5 (14:12):
Look, I regret that they became a big part of
the story. I think the big part of that story
was that we as farmers in New Zealand need to
try things to get premiums. There's thirty thousand farms in
New Zealand and we all should be looking for innovation
really to drive up our earnings because we're not earning enough.
But there seemed to be a little bit too much
(14:32):
attention on the mattresses and not enough attention on the premiums.
So perhaps if that was our doing, ye would regret that.
Speaker 3 (14:40):
Well. Jeff Ross, thanks for being open and honest. Good
luck this weekend with Andy Thompson's wallets. Sooner you than me.
And if people want to have a crack at this,
it's money for nothing. The joint venture is called carbon Fields.
Just talk to Carfields about it. Thanks for your time.
Speaker 5 (14:54):
Actually, Jamie, the easiest way is just jump onto carbon
fieldstock Co Dot Nz and there's a wee form even
I can fill it out and it'll take you about
one minute and we just need your rapid number, your
name and contact details. So just have a look at
Carbinfield stock Co Dot n said.
Speaker 3 (15:08):
Well, I think I might have to send you a
bill now there we go, see you later, Jeff. Thanks Jamie, Yes,
thank you Jeff twenty five after twelve. I think Thompson's
squealing like a stuck pig at the cost of his
daughter's wedding. I'll enjoy that one anyhow. Good luck to
the Thompson plan as well. They are related to the Rosses.
(15:29):
I think that's how Thompson gets the mates rates. Surely
he will pay something for it. Michelle Watt has wandered
in here. Have you got the health and safety plan sorted?
Speaker 8 (15:38):
I do? I do. Well.
Speaker 3 (15:39):
It's good to see that spates are taking a precaution
and putting a handrail up so you don't fall off
the deck, not that anyone would, it's.
Speaker 9 (15:47):
A good idea. I think I'm wondering how big this
stick is if it's got a handrail.
Speaker 3 (15:50):
Yeah. Well, the rapid addresses seven eight nine Remote Road.
It's at levels flat, halfway halfway between I've never been
to as far halfway between Belcluth where you're from, and Milton.
And for those of you who travel on State Highway one,
is is it called the Old Side Cottage?
Speaker 7 (16:09):
It is?
Speaker 9 (16:09):
Yes, it's not far from his farm's quite far from there, obviously,
but like between that area.
Speaker 3 (16:14):
That sort of area, beautiful farmland in there anyhow, looking
forward to that one, you're driving the hybrid high lucks
down there. Well more importantly, you're driving it back for
me taking the team from the country down there. Now,
you just make sure you bring the health and safety plan. Michelle,
where I've got my blinder up? Next, Mark de Latour
(16:36):
was nine to fifty always going to be the number.
We'll ask him next, the chief executive of Open Country
Dery Chris Russell or Osie correspondent. Could Trump reimpose beef
tariffs on Australia and a We're going to wrap it
with Greg Mensi's from Emerson's Might I dream.
Speaker 2 (16:54):
That I passed from the scene and some of mass At.
Speaker 3 (17:02):
The moment, this man is running around the country playing
Santa Claus at the Open Country Dairy Christmas parties. In
between that he is a soothsayer, a nostrodamist. Because Mark
de Latour, you said to me several months ago, off
the record, and we'll put it on the record now
that nine to fifty was going to be the number.
Speaker 6 (17:22):
Good afternoon, Jamie. Yeah, well that was off the record
and it was an opinion. You know. We was talking
our a company about statements are either opinion, assessment or fact,
and that was an opinion, And you know, I think
that it's going to be about that. I mean, most
farmers a couple of years ago would have jumped at
nine point fifty. And I guess after the fantastic result
(17:44):
last season, that seems a bit of a downer. But
at the end of the day, for the dairy industry
and he's in, it will be a couple of strong seasons,
even if it is trending down. Just at the moment is.
Speaker 3 (17:54):
The downside risk on that nine fifty. And I'm only
asking you wearing your open country dairy hat because behind Fonterra,
who are the length of the straight, the biggest dairy
processor in the country, they've got about eighty percent, you
guys are what thirteen or fourteen percent, so you are
clearly the second major player.
Speaker 6 (18:13):
Yeah, that's right. I guess we are two new acquisitions.
You know, we're around that thirteen percent mark for sure.
So look, I think there is you know, there's no
doubt that the prices that the industry has been enjoying,
you know, it's the best that the season will be.
I think it is trending down. There's plenty of milk
product around China is a year away from really getting
(18:35):
their domestic supply sorted. It is coming down their domestic supply,
but it's sort so they're not buying, you know, really
what they were, and so there is a little bit
of downward pressures. You know, I don't see a really
low price, you know, I don't think it's going to
get to that. But but you know, there's certainly some
risk we should all be aware of. You know, we've
(18:57):
been talking about that at our supplier meetings as well
as the Christmas parties that we're having at the moment.
So just keeping farmers aware that, you know, are there
is some downside and be careful not to start borrowing
too much money from the banks.
Speaker 3 (19:13):
The futures market, and I know sometimes you're a wee
bit dismissive of this, but the futures market, no surprise
for this season's currently sitting at nine dollars fifty Everyone
now seems to be in unison with that number. But
perhaps more concerningly, twenty six twenty seven is sitting at
eight dollars sixty eight. I know there's a lot of
water to go under the bridge, you know, we're talking
(19:34):
eighteen months out or more, aren't we But that's a
bit of a worrying number.
Speaker 6 (19:40):
Yeah it is. And I am dismissive of the futures market,
certainly in the dairy world, because it's such a shallow marketing.
It's not that liquid, so it tends to be more
the opinion of a couple of larger players that operate
in that market more than a true futures market. But
you know, I think there's probably a little bit bleak
(20:02):
looking at the moment. But you know, I think we've seen,
you know, changes just this year alone where futures have
been significantly above say a GDT type number and below.
And you know, we've seen quite a few contracts this
year in the industry at a New Zealand signed up
on futures rather than using GDT as are based and
(20:22):
a few sales have been done based on futures, which
is unsettled things a little bit. So I don't put
too much weight though, in that number, because it is
quite volatile. A couple of trades can move it significantly
up and down.
Speaker 3 (20:35):
We're through the peak of seasonal production and you know
what plays out from here on and is in the
lap of the weather gods. But I wonder whether the
market was slightly distorted by talk of ten dollars and
there's perhaps more supplement feeding gone and than would have
been the case of nine point fifty was the number.
Speaker 6 (20:54):
Yeah, I think I think we'll probably see that naturally
level off. You know, people be bit more cautious with
a winter feed and how many stock units they keep
on the land. But I think, you know, again I'll
just stress we're not We're not looking at anything too
bleak at this stage. There's not think, you know, let's
not do a chicken a little scenario here, because it's
(21:15):
just the market is softening a little bit, but it's
softening from a very very high base. So you know
the sentiment of the farmer isn't that that we've you know,
we've celebrated or started celebrating Christmas with so I've been
very very positive and conscious that you know, the gold
rush can't last forever. But but there's nothing really on
the horizon that suggests that it's going to be you know,
(21:36):
it's going to convert to the opposite that quickly.
Speaker 3 (21:38):
Yeah, And the biggest cost on farm is interest rates.
I know we're now at the bottom of that cycle.
But it's a good time perhaps to lock in without
wanting to be a mortgage advisor. But you can mitigate risk.
You can fix your milk price and you can also
fix your interest rates.
Speaker 6 (21:54):
Yeah, that's right, and it's it's you know, it is
about people's appetite for risk and their own I want sheets, Jamie.
We don't try and advise, but you know, as I said,
we're halfway through our Christmas functions now. I think we're
fed and watered over a thousand people in the last
week and a half. So you know, it's good to
celebrate with farmers and give a little bit back and
(22:16):
say thank you. But you know, the message that we've
been giving is clearly the financial sector is now going
to turn around and say geellous debts being paid back
after the good in a season or so, we're going
to have to start landing again. So you know, to
everyone just just be careful. There's going to be some incentives,
but we know how those rules can change as seasonal
(22:38):
prices go up and down. So you know, a good
prudent approach is something we recommend.
Speaker 3 (22:44):
Hey Mark delatour chief executive of Open Country Dairy, I
know you're on the Christmas rounds as you say, no doubt,
cheese and crackers will be on the menu, along with
a couple of beverages. Thanks for your time or catch
you just before Christmas.
Speaker 6 (22:56):
No worries, Jamie good to talk me.
Speaker 3 (23:00):
Bear twenty five away from one. Lots of feedback coming
in about Andy Thompson's, for want of a better word, tightness.
Of course, his competition, not opposition. He does run a
rural show. Actually, Shane mcmanaway, this is just several years ago.
We were at the christ Church Show and Andy was
(23:21):
there and he had his horse float there which I
think he'd sponsored off to wall Flex. Anyhow, he'd managed
to get a horse float for next to nothing and
so to help to repay all flex, he invited Shane
mcmanaway and myself Shane mcmanaway was the chief executive at
the time, for a bear and his horse float. And
Shane's just texted me and said, hope Thompson has the
(23:43):
bear colder than what he dished up to us in
the back of the horse float. I have never drunk
bear like. It wasn't only warm, it tasted like horses pee.
Can I say that he certainly didn't push the boat
out on the quality of bear. But we've got really
good bear for you this afternoon. Come and have a
Mackay's with us at the Southern Storm showed up next
to Michelle with a health and safety plan for this
(24:05):
afternoon and rural news.
Speaker 2 (24:16):
And some of my songs I have casually mentioned the
fact that I late the drink beer.
Speaker 1 (24:24):
The country's world news with Cob Cadets, New Zealand's leading
right on lawn Bower Bread, visit steel for dot Co
dot Inc. For your locals, Douggist.
Speaker 3 (24:33):
Twenty one away from one Michelle wat your first job
today or you've got two jobs today. Get the health
and safety plan, which I think you've got under control, right.
Speaker 9 (24:42):
I've got a massive finder.
Speaker 3 (24:44):
Yeah. And have you got a time out zone for
the farmers?
Speaker 9 (24:49):
No, but we can create one. I'm sure I can
get some electrical tape from my old mate down there
and see something up.
Speaker 8 (24:54):
Well.
Speaker 3 (24:55):
I had to laugh, like this is I don't want
to be unkind to Auckland. But they they're they're the
ones who insisted on having a health and safety plan
for the country's thirtieth At Mark and Tarania Shallon's property.
So we parked the Emerson's Tiny pub under the covered yards.
It was April, it was a bit cooler then, unlike today.
But they wanted a timeout zone for the farmers, just
(25:16):
in case they drank too much beer. I said, there's
no different than going to the pub. They don't need
a time out zone. And then of course there was
the parking issues. The health and safety plan required that
we had a parking plan, and the woman in Auckland
said to me, where are they going to park? I said,
it's on an eight hundred acre farm. There's a paddock
right beside the covered yards. Let's park there. Anyhow, don't
(25:38):
start me on health and safety plans, because I know
they're essential. What's happening in rural news, Okay?
Speaker 9 (25:43):
In rural news, Jamie Palmer or land Court Farming limit
It has announced an updated forecast for net operating profit
for the financial year ending June our thirtieth of during
twenty twenty six, the company is forecasting an uplift of
between eighty million and ninety million, up from the August
twenty twenty five forecast of between sixty nine million and
seventy nine million. And that's well above the target of
(26:06):
sixty one point three million, which was contained in its
f y two six and f y two eight statement
of Corporate Intent. I thought you might find it quite
interesting since you've been talking about, you know, will they
sell it off?
Speaker 7 (26:17):
Yeah?
Speaker 3 (26:17):
Well, it's good that Palmer's profitable and showing a reasonable profit.
But if you're not going to make money this year
on largely sheep and beef and dairy as Palmer is,
you never will. It's just the question is Palma or
Land Corp the best utilization of money. I think it's
worth two billion dollars or something like that. All I
would say is you can build some hospitals for that
(26:38):
sort of money. Anyhow, I might be wrong on that one.
Speaker 1 (26:40):
His sport sport on the country with AFCO one hundred
percent Q we owned.
Speaker 8 (26:47):
That's rare.
Speaker 3 (26:48):
A whole in one on the par three seventeenth at
the Royal Queensland Golf Club for Kazuma Kabori during the
opening round of the Australian PGA Championship in Brisbane. The
Cantabrians sunk the by hitting his tee shot over one
hundred and twenty five meters of sandy desert, so there
you go. And South Africa have beaten India by four
(27:10):
hundred and eight runs in the second Test at Guwahati. Guwahati.
I'll go with that to complete a two nil series sweep.
And that is your sports news. Up next to our
Orosie correspondent, Chris Russell, Land of the we're going to
head there for the land of the two day Ashes tests.
(27:33):
Let's head across the ditch Land of the two day
Ashes Test. More about that later. Our Osie correspondent as
Chris Russell. Chris, we've just had the tariffs off beef
and kiwi fruit taken off here in New Zealand. Great
news for us. Could it be possible that Australia you
could have your tariffs on beef reimposed.
Speaker 8 (27:54):
Well, this is the rumor that these what we're about
to pass. I've just passed through the House of Reps
and it's now going to the Senate. But it's almost
certainly going to get through the situation where we're not
going to allow anyone under sixteen to have access to
social media that includes Meta and X and all of
(28:14):
the old Facebook and so on. They won't be able
to allow to have that access. And if they're found
the begiving access. The fines are forty million dollars or
something per case. So that's the first thing. And the
second thing, there's another law going through which is going
to require companies like Netflix and Paramount and so on
(28:36):
to have a minimum amount of Australian content in the
movies and series that they put onto their channels. Now
once again, the American film industry sees that, and of
course Microsoft and Meta and x all see the imposition
of no Socials as being a hit against America and
anti American, and Trump specifically said anything anti American, we'll
(29:00):
see tariffs in other areas. So the only two areas
really they can hit a substance is pharmaceutical and agriculture.
So the farmers are really saying, well, you know, we
might be out of the woods here, yet we could
still see a tariff being reimposed. I don't think in beef,
and as we've talked about before, it's going to make
that much difference because they can't get enough of it,
(29:21):
but certainly can make a difference in pharmaceuticals.
Speaker 3 (29:23):
Hey, in politics across the distion, this is really interesting
and it has a flow on effect. I guess for us.
The National Party is defending their decision and this is
the opposition coalition to drop a net zero by twenty fifty.
And also Barnaby Joyce, who belongs to that party, correct
me if I'm wrong, is going to defect to Pauline
Hanson's One Australia or whatever she calls her party. How
(29:47):
does all this work?
Speaker 8 (29:48):
Yeah, one Nation they call her party, and yes, I
mean the The problem they've got is that there's a
very big polarized community here. One says that nats might
be nice, but we can't afford it, and the other
one says, it doesn't matter what it costs, We've got to.
Speaker 5 (30:04):
Do it now.
Speaker 8 (30:05):
The National Party, being really representatives of the Bush, are
very much on the you know, we can't afford it,
we need we Sure, let's do it, but let's do
it at a time and place that suits us. You
still consider the amount of coal that we're shipping and
it's all being used as cheap energy by our competitors.
So Barnaby Joyce was completely opposed to any sort of
(30:28):
net zero and here, while the National Party have now
adopted that anti net zero policy, he still decided to
leave the party because he felt they were out of
touch with their electorate. He's now talking about getting into
bed while not literally with Pauline Hanson and who's incidentally
just been thrown out of Parliament for wearing a burker
into Parliament to protest against the fact that burker's were
(30:51):
not illegal in Australia and you couldn't see who people
were and she's been thrown out for a week. I
think only the third parliamentarian who ever been thrown out
for a week in Australia history. But so that's Barnaby's story.
He's reputed to be going to jump ship today. Now
we haven't had that confirmed yet, but you know that's
the story. We're likely to see that happen and I
(31:12):
think Barnaby will become a one nation person really quickly.
Speaker 3 (31:16):
To finish on first two day Ashes test since nineteen
twenty one, I think there was another way back in
eighteen eighty eight. Second Test is at the Gabber and
it's going to be the pink ball Test.
Speaker 8 (31:27):
Yeah, that's it, and everyone's warming up for that. The
interesting story is that the English side decided not to
play any of their test players in the pink ball
game being played against the Prime Minister's eleven in Canberra.
Now you'd think they'd want all the practice they could
get at that pink ball game, but that's not going
to be the case. I'm not a big fan of
(31:49):
the pink ball game in terms of the quality of
the cricket, but nonetheless it is part of the series
and it'll be very interesting to see what happens. But
the fact that I was in the high and low
and high and low with that first Test, you know,
we're extraordinary when you look at the number of balls
that were actually battered as well, you know there were
(32:10):
there were some of the lowest three hundred and twenty
five balls were bowld in Melbourne in nineteen hundred and
four and we're only at three four hundred and five
deliveries you know, in Perth, So you know that's a
total number of deliveries being faced by the Palmers very low.
So it's not boting well for anyone buying tickets on
(32:31):
days three, four and five.
Speaker 3 (32:32):
Jamie, okay, Chris, all the best. Hopefully it gets into
day's three and four. I'm not sure I'm a big
fan of bears ball either. We want Test match cricket
to go more than two days. Hey, we'll catch you
next week.
Speaker 9 (32:44):
See mate.
Speaker 2 (32:46):
It makes me.
Speaker 3 (32:51):
And some of myce okay, wrapping the country. Got a
text in five double nine's text number from someone who's
said I didn't update the Canterbury Otago plunket. I think
it's the plunket shield, isn't it? Game being played only
stones throw away from my comfy studio. Well, let me
have a look. It's day two can be declared five
(33:16):
hundred and one for seven Otago, trailing by four hundred
and eighty five runs. They're currently sixteen without loss. Right,
the man who deserves most of the credit for the
Southern storm shout joins us now Emerson's marketing manager all around,
good bugger, Greg mensies. Greg, You and I were sitting
together in the tiny pub at the christ Church Show.
(33:38):
It was raining and we were pondering what to do
with ourselves, and you said, let's shout some farmers down
south who have been smacked by the wind.
Speaker 7 (33:45):
Well done you, Yeah, well we've done it before with
Cyclone Gabriel up in the North Island, so I thought
these guys got hat just as far down here with
the wind, So why not bring the pubs and we
wear mates from spaces along Arthens. We're in Spats heartland country,
so we're here waiting.
Speaker 8 (34:03):
Yeah.
Speaker 3 (34:04):
Well, Hayden Finch, well known rugby player down this end
of the country from a great rugby playing family. He's
the Spats guy down in Otago here and he's he
was really keen to bring the Spates bar along as well.
And he's put up due to our health and safety
plan handrail so people don't fall over. I'm pleased to
hear that. Greg.
Speaker 7 (34:24):
Well, we pulled out probably about half an hour before funch.
We were set up within five minutes. French. She took
about an hour to set a pub up.
Speaker 6 (34:32):
But it's good to go now.
Speaker 7 (34:35):
He's a little bit hot and weathered, but he's good.
Speaker 3 (34:37):
Good now. Talking about the wind, that's the reason we've
got the Southern Storm shout. You had to get the
Emerson's Tiny Pub from Dunedin down to Nigella and Leanne
Woodheads farm down on South Otago. It was a bit
windy this morning because that thing, you know, it's just
a big shed on the on on wheels. It blows
around a bit in the wind. Did you have any issues, No,
(34:59):
not with one.
Speaker 7 (35:00):
But we forgot about a low bridge on the way down,
so we got kind of three quarters of the way
here and realized there was a bridge that we couldn't
fit under, so we had to back the finally pop
up about eight hundred meters to take a long cut
around around the rail track. So that was a bit
of a venture.
Speaker 3 (35:18):
Well, I was going to say, backing that thing for
eight hundred meters, I hope who's driving it?
Speaker 4 (35:22):
That's you know what?
Speaker 3 (35:24):
Yeah I met what was I met?
Speaker 8 (35:26):
Was?
Speaker 3 (35:27):
I know him?
Speaker 8 (35:27):
Well?
Speaker 3 (35:27):
The met him at christ Church? So well done you.
So the smoke spars set up, you guys are set
up as the barbie there yet silver f and farms,
boys and girls there yet.
Speaker 7 (35:37):
We're just waiting for them. They should be here, not
too far away. So we could to get some food
down here. But at the moment there's about five of
us here, so well, well, don't come on down.
Speaker 3 (35:48):
Yeah, it doesn't officially start till three pm. So you
well did you did you not get that memo?
Speaker 7 (35:55):
I missed that memo.
Speaker 3 (35:58):
Three pm should have told you that. But if you
wander along earlier, you guys are there now listen to Yeah, hey,
greg on behalf of us here at the Country and
everyone who's gotten behind this. No one's asked for anything.
Everyone has just given. Some bloke with a travel company
in the North Island. I've got to give him a
plug or get his name. He just chucked one thousand
(36:18):
dollars cash and for some of the incidentals. So it's
really good. This is the best side of rural New
Zealand helping people out who have had a bit of
a tough time. Thank you so much for your time
and I'll catch you this afternoon and we'll have a makaiso.
Speaker 7 (36:31):
All right, I'm good.
Speaker 3 (36:33):
You're a great man. He is one of life's great men.
Greg Men's he's there, marketing manager for Emerson's a wonderful Richard.
The Godfather is going to be there. We'll tell you
about that tomorrow.
Speaker 2 (36:44):
He's more to the point.
Speaker 1 (36:47):
Catch all the latest from the Land. It's The Country
Podcast with Jamie McKay. Thanks to friend. You're specialist in
John Deere construction equipment.
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