October 2, 2024 • 36 mins
Jamie Mackay talks to Richard McIntyre, Shane Jones, Todd Charteris, James Hamilton, Chris Russell, and Phil Duncan.
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Speaker 1 (00:00):
Catch you 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.
Speaker 2 (00:28):
Get a New Zealand Welcome to the Country. It's a
very wet country today too. Shows brought to you by Brent.
My name's Jamie mckaye. We're getting straight into it. We're
going to update the weather for you because there are
some met Service warnings we're going to talk about. Michelle.
I'll update those and hopefully and before the end of
the hour, I'm just going to bring Phil Duncan and
normally on a Monday, but on a Thursday, just to
(00:49):
update the rain watch from weather Watch. The other big
story out there today these Federated Farmers have released their
submission to Parliament's Banking inquiry.
Speaker 3 (01:00):
Are we being.
Speaker 2 (01:00):
Ripped off by the banks or when it comes to
overdrafts farm overdrafts? The answer is yes and that is
my opinion, and I think it might be Richard McIntyre's
as well. He's their dairy chair in Banking Spokesperson Shane
Jones caught up with the Prince of the Provinces earlier
this morning in Hoker Ticket You're going to enjoy what
he has to say. Todd charteris, chief executive of Rabobank,
(01:23):
is at their good Deeds promo working bee at the
Timata Tennis Club near Raglan. We're going to pick his
brain on next week's OCR announcement. Twenty five or fifty points?
Are we going to get a cut? Yes we are,
but is it twenty five or fifty? And I wonder
if he's got any comments on Federated Farmers banking inquiry.
Chris Russell's ARROWSI correspondent. How good will that NRL final
(01:44):
be on Sunday? But let's get straight into it and
welcome on to the country Richard McIntyre. So more than
one in five Kiwi farmers say their bank isn't allowing
them to structure their debt in the most interest efficient way.
That's the key finding of the Fed Farmer's submission to
Parliament's banking inquiry. They got or Richard McIntyre, you've got
(02:07):
responses from a thousand farmers. That's a good sized sample.
Good afternoon, goodfnoon, Jamie.
Speaker 4 (02:15):
So you'll know that the banking inquiry all started because
we're looking at the difference between residential and rural interest
rates and wanting to work out if they're fair and reasonable.
And you know, the banks were pointing the finger at
the Reserve Bank and the capital requirements, and then the
Reserve Bank was pointed the finger bankhead and the banks
and saying that they're basically making.
Speaker 3 (02:35):
Two high mountains.
Speaker 4 (02:36):
But this is actually completely different. This is about the
bank actions towards farmers and where or not they are
allowing infrastructure there dead as efficiently as possible.
Speaker 5 (02:45):
And so when you look at you're.
Speaker 4 (02:47):
Can overdraft on what it's actually there.
Speaker 6 (02:49):
It's seasonal finance.
Speaker 4 (02:51):
It's finance that you can call on as you need
to in order to cash flow through the ups and
downs of the season. It's not to have it, you know.
And it's it's higher interest as well. It's not to
have sorry, have capital expenses going on to it.
Speaker 7 (03:06):
H and J.
Speaker 2 (03:06):
Richard, I'll play devil's advocate here. Well, the banks will say,
we're not going to give you unlimited rope.
Speaker 4 (03:13):
No, no, definitely not, and I do get that. But
at the same time, you know, farmers should have the
ability to structure their structure. They're dead and an interest
efficient on overdrafts are higher interest and you should be
able to see your way out of them each year.
You know, they and everything else affected, we should be
termed it unless there's a really good reason. And I
guess what we're hearing from farmers is that they don't
(03:33):
think there is a good reason for that to happen.
You know, you've really got a question. You know, why
you would have to upgrade your effuent system and put
it onto overdrafters seems to be happening. And why when
you're in a situation where you can't make principal repayments
due to a downturn, are you being told rather than
going on interest only, what we want you to do
is continue to break principal repayments on your term debt
(03:56):
via us extending your overdraft.
Speaker 2 (03:58):
Well that's the bank that low interesting, Yeah, that's the
bank getting you twice, isn't it? Look at that the
margins on overdraft? And I know this from a personal
experience and the farming business I'm involved, and I think
it's a raught look the bank ideal with Personally, I
couldn't speak highly enough of them. Service is brilliant. The
same bank banks the farm It's a it's a syndicate
(04:20):
I'm not quite sure they're doing as good a job there.
And I hear banks and farmers should I say, who
are paying eleven, twelve, thirteen percent on their overdraft while
there are while they're fixed lending might be at seven, eight,
maybe nine if they're unlucky percent. There's just too big
a margin.
Speaker 4 (04:39):
On it look at. There is a huge marginal, and
there's someone in the banking enquiring to look at as well.
Speaker 5 (04:45):
CF that's very reason.
Speaker 4 (04:47):
But we still come back to the point of seasonal
finance should be seasonal finance, and you know it doesn't
be benefit the farmer in any way to have too
much money on the overdraft. We're hearing for farmers that
the best they get in terms of their bank balance
in a season there is negative two hundred thousand dollars
on their overdraft. So that's a whole bunch of debt
that they're paying overdraft interest rates for that. In all reality,
(05:09):
they shouldn't be Yeah, exactly.
Speaker 2 (05:10):
Yeah, at some stage if you, if your finances structured correctly,
you should be able to not be an overdraft for
a part of the season. That's what it's there for
forty percent of farmers. That's quite a lot find their
debt structure inefficient or aren't receiving the information they need
to improve it. Richard, is that the fault of the farmers.
Do the farmers need to be more proactive, make contact
(05:32):
with their bank and look at restructuring their debt situation.
Speaker 4 (05:37):
Look, so twenty two percent of farmers said that they
asked their bank at the banks, so the banks they're
not allowed them to structure their debt in an interest
efficient matter. There were eighteen percent that didn't do. So
they can earn these eighteen percent to have those conversations
in their banks because you knows, harassing the banks.
Speaker 5 (05:55):
And saying you need to hear it.
Speaker 2 (05:57):
Hey, Richard, can you go and stand? Can't stand on
the back key a four wheel or or something. You're
cutting in and out on me. Run to the top
of a hell not again to Amy. Yeah, there you go.
We'll just stay still. I can hear you.
Speaker 4 (06:09):
Now, that's cool. Look, this is very much something the
farmers need to help themselves as well, you know, and
have those conversations with their banks and actually be putting
a bit of pressure on to make sure they arguing
a decent deal.
Speaker 2 (06:19):
Okay, Look, where to from here. You've put your submission in,
do you make a presentation to Parliament? How does it
work from here on in?
Speaker 4 (06:28):
So we were still waiting to get our time to
actually present to this. To me, we think it's going
to be in November at this point. We hear that
the banks are starting to submit from the twenty third
of this month, so we suspect we'll be in November sometime.
But yeah, we've put our submission in. It's a significant submission.
I think we made some really good points and offers
some really good solutions and really looking forward to speaking
(06:50):
to it.
Speaker 2 (06:50):
So who's leading the charge in the House and when
you make this presentation? Is it you Wayne Langford or
a combination of the above?
Speaker 6 (07:00):
Be me.
Speaker 4 (07:00):
Banking is my policy portfolio, but I'm very well supported
by some really good policy advisors as well.
Speaker 2 (07:06):
Okay, if you're still if there's still farmers out there
who don't think they're getting a fair crack of the
whip from the banks, We're going to be talking to
a banker a week bit later and there Todd Charter
is from Ravo Bank. You still want to hear from them?
Speaker 4 (07:18):
Oh definitely, you know, reach out. We're really really enjoying
hearing the stories for farmers because it will help to
help to shape what we have to say when we
appear in front of the Slid Committee. And then also
it will help help us to provide some solutions for
these farmers. Ideally as a result of this inquiry, good
on you.
Speaker 2 (07:35):
What's the weather like in your neck of the Wards
and the man Or Two region. It's awful in Dunedin
and it's a rice paddy it has been for a while.
In south and Southwest Otago, I think they might be
missing the worst of this. The rain warnings are for Kluther,
Dunedin and North Otago, and ironically North Otago will perhaps
welcome a bit of the rain. But what's it like
at your place.
Speaker 4 (07:56):
We're actually getting off pretty wellly at the moment, Jamie.
Just a little bit of rain overnight and grand conditions
are really really quite good, to be honest, But really
really thinking of all the southern farmers, you know, they're
just aren't catching a break at this point in time.
But I'm sure in a couple of weeks time the
sun'll be shining in the beginning the crops and and
all that sort of stuff. But you're just hanging there everyone.
Speaker 2 (08:16):
Yeah, and I'll be getting out of overdraft hopefully, and
the banks might give them a lower rate for their overdrafts.
Speaker 6 (08:21):
There you go.
Speaker 2 (08:22):
Richard McIntyre from a Federated Farmer's dairy chair, as well
as the banking spokesperson. This is Earth, Wind and Fire.
Michelle decided to go with a disco theme today. Don't
ask me why this is September. Obviously it's October. I
thought when we got out of September the weather would
(08:42):
come right, but it hasn't. Ah, mind you, if farming
was easy, as I say, everyone would be doing it,
wouldn't they up next? Earlier this morning, in fact, very
early this morning. I'm surprised he was in such good form.
The Prince of the province is Shane Jones. Lighten up
your Thursday here on the Country. So on yesterday's show,
(09:15):
I got a text and from Nick the Rockwasher from
Hoka Ticker, who said, Hi, Jamie, we've had a visit
on the gold mine I work on today in Hokaticker
from our honorary coaster, mister Shane Jones. And that's where
we find him today, still in Hokaticker, about to make
his way to Ross. It looks like Shane Jones. You've
(09:36):
got some fans on the coast, but not so many
in Wellington, especially in Greenpeace.
Speaker 3 (09:41):
Yeah. Sadly the Greenpeace and their fellow travelers thought that
they would use megaphones and call me an eco terrorist
and others foolish and juvenile terms. But look, they're not
going to shut me up for regional New Zealand on
the matters of mining and related industries. I'm the people's
champion and these yes, it's sticking up for a tiny
(10:01):
elite group who think that we should save the climate
and the planet first before we save our country and
our economy. They're never going to get me to change
my views. So that's why I'm on the coast on
my way to the annual mining Shindig. Here on the coast,
they're very confident we're going to change the law. Fast
tracks not very far away, and we've relegitimized the existence
(10:23):
both of the coal mine industry and the gold industry.
We know coal is going to be eventually replaced over time,
but none of the schoolishness that we're seeing in England
where they're closing down coal power stations. But then importing
all their energy from the European Union. We don't have
the option to import je from either the Chathams or Tasmania.
Speaker 2 (10:43):
Mind Joe, it's a stain, that's a crime, that we
have been importing coal from Indonesia.
Speaker 3 (10:49):
Well, there in lies the tragedy. We've got coal literally
under my feet as I wander around the coast. We've
got coal within splitting distance from the Huntly power station.
But of course we've had various regimes who have demonized
the coal industry. We can actually dig it up, we
can use it as a contingency fuel until such time
we make further progress in the transition. And a lot
(11:11):
of the coal exports are sorely needed for steel. And
the last time I checked, Western civilization was built on
concrete and steel.
Speaker 2 (11:19):
If I was a batter, skinker, alizard or a blind frog,
I'd probably be reasonably worried about my future.
Speaker 3 (11:27):
No, I would practice the climate change rhetoric, and I
would begin to relocate to a place far less hazardous.
The country's inordinately expensive, and the luck the reality mate
these species have been weaponized, catastrophized. A lot of the
business of getting ready of every critter, But At the
same time, we're not going to deify them. We're not
(11:48):
going to turn them into biblical creatures. While ordinary Kiwis
are going by the way because they can't pay the
bills or they can't find a decent job.
Speaker 2 (11:55):
Seems like you're a biblical creature on the West Coast.
Look your Crown Mineral's Amendment Bill. What's that all about?
Speaker 5 (12:02):
Oh?
Speaker 6 (12:03):
Two bits to it.
Speaker 3 (12:03):
We're simplifying some of the rules around gold mining, and
we're getting rid of getting rid of to Cinda Adern's
ban when she saw too close down the oil and
gas industry in two thousand and eighteen. Worst decision I've
ever been involved in as politicians. It's a form of
penance for me. We're reversing that band and we're putting
up in neon lights to the rest of the world.
(12:24):
We're open for business. Obviously, it'll take time before the
large explorers or even the domestic ones come forward and
expand the size of the gas fields and extract more gas.
We've got an option of bringing it into the country,
but why not use our own indigenous resources before we
worsen our current account deficit by having to expand our
(12:47):
impulse When we have the ability to boost our resilience
by using our own resources.
Speaker 2 (12:51):
Well, okay, you're very popular on the coast. You're going
to be in Dunedin tomorrow. Are you going to sweep
in and build a hospital overnight? That might get you
into the top ten on the Mood of the Boardroom survey.
Speaker 3 (13:04):
Long since given up bothering about what's in the mood
of the boardroom. The boardroom represents the people that are
bettering the industry. In terms of the power industry, I
mean they're sitting in the parlor counting all the money
while exporters are finding it difficult to survive. Companies are
literally closing down and garden variety kiwis are considering packing
(13:24):
up in droves because the power companies can't do their
job properly and aren't delivering to New Zealand a secure
and affordable level of energy. The Needin's going to get
a hospital. There's never any suggestion there's going to be
no hospital. The reality, however, is that we're all living
within a set of straightened circumstances. And my friend mister
Bishop went down me just to alloy out the full
(13:46):
parameters of what these projects cost in a perfect world
and what we can afford. I think it's just a
bit of a bet up. And naturally there are people
in and around Dunedin associated with the university and other
sectors who don't like the government, and I think it
was an opportunity for them to take a cheap shot.
Well Albi and Dunedin and they'll find them much was
(14:07):
not one to cow.
Speaker 2 (14:09):
So are we going to have sort of like a
gunfight at the ok Corral or in our case the octagon,
you squaring off against Grant Robertson. I take it that's
who the dig was against.
Speaker 3 (14:19):
Look, Granting the team from Labor, they had every opportunity
to deal to this hospital issue. There's a great debate
as to whether it's at the right place. Should the
chocolate factory have been pulled down, But sadly those issues
are in the past down. We've got to create an
institution that meets not only local needs but as affordable
across the entire nation.
Speaker 8 (14:40):
No.
Speaker 3 (14:40):
I was named after a cowboy, and the name of
the cowboy was Shane. At the end of that movie
was acted out through Allan Ladd. The final line is Shane,
Shane come back, and that's what I want to hear.
Speaker 2 (14:52):
Well, they love you on the coast. Maybe that's because
you are a bit of a cowboy. Now, just on
that mood of the boardroom, Survey Stanford one, Sam and
Brown two, Willis three Bishop you make bishop for Colins five,
Lux and Sex Winston seven. No sign of Shane Jones,
I reckon when they do your report card at the
end of the year, they say must try harder with Greenpeace.
Speaker 3 (15:14):
Well, the reality, mate is that's not the territory that
I'm seeking to harvest results from the boardroom. My territory
is out on the provinces, in the regions, and a
lot of the businesses out there are modest sized entrepreneurial characters,
i e. The mining industry, IE, the aquaculture industry, the
(15:34):
fishing industry, and these regional businesses. They're the ones in
twenty twenty six that will have a lot to say
as to who's got power in the next three years
of our government. And I'm totally disinterested in sucking up
to anyone in the corporate boardroom.
Speaker 2 (15:48):
And that's why they call you the Prince of the
Province's martoua. Shane Jones, Thanks as always for your time
on the country. See anybuddy bye, Yes, something I prepare
to Earlier this morning, Martua Shanne Jones the movie Shane
Shane Come Back. Got to hand it to him. Actually
(16:08):
that was with the first night Michelle I ever spent
at boarding school. They put us into the hall and
on the Sunday night when we got there, before we started,
they showed us the movie Shane.
Speaker 9 (16:19):
Sounds that the wrong movie to be showing you guys
come back.
Speaker 8 (16:22):
Come Back.
Speaker 2 (16:23):
Well, I didn't cry during the movie, but I cried
because I was homesick. I was a wee bit of
a softy, to be perfectly honest. Never Mind, I grew
out of it and grew to love boarding school. We're
going to take a break off to Tamata, the Tamata
Tennis Club near Raglan, where Todd charteris is. He's doing
the working bee. He's a handyman on the tools and
on the hand piece too, I might add, but I
(16:44):
want to also ask him about next week's OCR announcement.
Do we go twenty five or fifty basis points? And
is he ripping us off or are the banks ripping
us off? Especially on overdrafts. We'll ask him up next
on the country, Get job, Welcome back to the Country.
(17:13):
Twenty nine after twelve Todd charteris as the chief executive
of Rabobank. Here's at the Tamata Tennis Club near Raglan
for a working bee for the winners of the twenty
twenty four Rabobank Good Deeds competition, Todd, Before we talk
about what you're doing on the end of the tolls today,
I want to talk to you firstly about next week's
OCR announcement. Twenty five or fifty basis point cut.
Speaker 6 (17:38):
Yeah, look, I think it'll be twenty five. Actually, Jamie,
I know the market some of the markets pricing fifty,
but I think it'll be steady as she goes, we're
heading in the same direction. But I think it'll be
twenty five as my pack.
Speaker 2 (17:47):
Wouldn't it be good for the Reserve Bank to kickstart
the economy by going fifty points?
Speaker 6 (17:54):
Oh look, I think it will, say the market's already
pricing further cuts in so I think that you know
the direction of travels it, so I think it is
sounding to have a positive impact. But I think they'll
go steady as they go as my pick. But you know,
who knows. We'll see what happens next week.
Speaker 2 (18:08):
Okay, what about November the twenty seventh, the last one
before Christmas? Fifty fifty points?
Speaker 6 (18:12):
Then I think it's too really the cool I mean,
I think there's you know, there's there is some some
there are some small signs of encouragement in the economy.
Commodity prices are improving, and there's a few things that
we'll wait and see over the next month, but we'll
see some through the cuts. It's just as to what
pace we go at.
Speaker 2 (18:29):
I guess, well, we need we need a reduction because
the overdraft rates far too high. Why are farmers paying eleven,
twelve or thirteen percent on bank overdrafts?
Speaker 6 (18:39):
Yeah, well, I mean I can't answer that for other banks.
I mean, I guess it's going to be the feature
of the Banking Inquiry, which we welcome. You know, we
will put our submissions in and we look forward to
lining up and pronos select committees in the coming weeks
and months. But they'll all be determined through there, there's
no doubt about it. And you know, if if there's
(19:01):
things that are out of line, it will come out
and I think it'll be positive.
Speaker 2 (19:04):
But surely if an overdraft or debt structures worked out properly.
There must be a period of time in the year,
hopefully for six months of the year when you're out
of overdraft.
Speaker 5 (19:14):
Oh.
Speaker 6 (19:15):
Absolutely, And that's exactly right. I mean, it's working capital,
so that should be seasonal, it should be short termed
by nature. Absolutely, And if things aren't structured right and
businesses are stuck an overdraft or then we haven't got
structures right and that needs to be remedied. I agree
with that.
Speaker 2 (19:31):
Comments are you farmer clients too slow or reticent? Do
they need to be more proactive with their banks?
Speaker 6 (19:39):
Well, look, I don't know. I mean I think it
goes both ways. I mean I would expect our bank
is certainly to be proactive with setting up structures for
farm businesses for the coming twelve months at the right
time in the season. And you've only got to look
at at the moment, right with beef prices, you know
there's going to be extra working capital requirements. You know
(20:00):
it's upon us all to make sure we've got the
structures right in place to facilitate that because there's some
pretty big checks being written there at the moment you're
buying kettle.
Speaker 2 (20:09):
Let's just finish on what you're up to today, the
Rabobank Good Deeds Promo winners, the Tomato Tennis Club. This
is a great story. And when in the recess they've
applied for some funding and now it's you know, all
hands on deck.
Speaker 6 (20:22):
Well it's all ends on deep round here. I can
tell you we've been looking into it. There's been drainage.
We've moved. I think about Aideen ton of drainage medal.
I'm told there's wood chips the building going on and
it's great to see and it's fantastic, you know, just
to support these rural communities. They're so excited here and
our teams are grateful for the opportunity to make a difference.
(20:45):
So that's cool.
Speaker 2 (20:46):
Rowena Duncan's representing the country. Has she been on the
tools this morning or has she been faffing around doing videos?
Speaker 6 (20:52):
Well, look she's been doing her bit, Jamie. You know
we need to get the story out there too, don't
we about these royal communities and the strength to them
and the importance of them. So everyone's got a part
of the place.
Speaker 2 (21:03):
Good on you, hey, Todd charteris thank you very much.
I know you won't shy away from your turn on
the spade, enjoy the rest of your day at the
Timata Tennis Club.
Speaker 6 (21:12):
Good on you, Jie.
Speaker 2 (21:13):
There we go. Todd charteris on a disco themed Thursday Thursday. Okay,
send us a text and our phone number's five phone number,
our text numbers five, double O nine. Let us know
how you're getting on at your place. Where these Because
(21:34):
it's not just the South, there are also rain warnings
for the Bay are plenty and Tiraffarty, so just keep
us informed and we'll tell the rest of the country.
Up next Michelle Watch. She's going to update the weather situation,
the latest and the weather warnings and rural news. We'll
have sports news for you. Chris Russell's there OSI correspondent
and if I can squeeze them in before the end
(21:55):
of the hour, I want to update the rain watch
with Phil Duncan and wear the Watch. Welcome back to
the country, brought to you by Brent. Very shortly, the
(22:18):
latest and rural news with Michelle, and we'll update sports
news for you. But I'm going to combine brant and
sport now because I'm heading to y Poker Ol to
catch up with James Hamilton, the branch manager for Brent
and James. You guys at Brant have donated a new
S one hundred John Dare Ride on MOA and this
(22:38):
is for the Central Hawks May Ross Shield Trophy tournament
that's coming up I think, And you're going to draw
this when on Saturday.
Speaker 5 (22:48):
Yeah, So the tournament started on Tuesday, Jamien, and carries
on through it to Saturday, and we'll be drawing the
winner of the LAMA on Saturday at the closing ceremony.
So yeah, very exciting times and well good on.
Speaker 2 (23:01):
You for supporting it. Rosshield Rugby. Is that for primary
school kids?
Speaker 5 (23:05):
Yeah, so it's a primary school tournament based on the
sub unions of Hawk's Bay from Wirral through to Dannybrick.
So it's the kids have got to be under fourteen
years old and there is a weight limit to even
the playing field out of it. So yeah, I've got
to be under fifty six kilos, so yeah, keeps everything
nice and even and very competitive.
Speaker 2 (23:25):
Are you Hawks Bay born and bred James?
Speaker 3 (23:28):
Yeah, I'm Wipe born and bread.
Speaker 5 (23:30):
Yeah, been here all my life. So yeah, it's a
big part of Roshield is a big part of the
kids growing up around here, and they all despite sort
of have supremacy in that primary school rugby.
Speaker 2 (23:39):
I take it you played in it back in the day.
Speaker 5 (23:42):
Yeah, I played in ninety three. It's probably shown my
age a little bit as what was in a Form
one student, but yeah, I was a little bit too
heavy for the weight limit when it got to ninety
ninety four, So yeah, I need managed to get through.
Speaker 3 (23:55):
One year of it.
Speaker 2 (23:56):
Anyone from your era go on to being all Black
or a great Hawks Bay rugby player.
Speaker 5 (24:01):
There's a few from around the era that I was playing.
One of the guys who played the year after I
played was Matthew Bechrist. He went on he was actually
player of the tournament in ninety four, and then a
few other guys sort of going into the early two thousand,
sort of very well known guys like Israel Dag and
Richard Buckman, the players of the tournament. So yeah, there's
a lot of other sort.
Speaker 3 (24:21):
Of current magpies that have played over the years.
Speaker 2 (24:24):
Well, Richard Richard Buckman, there's a blast from the past,
the Barracoda, one of my favorite all time rugby players.
All right, so can public still buy a ticket for
this raffle? Because it is going to be drawn on
Saturday at the conclusion of the tournament. Can they still
do that?
Speaker 5 (24:39):
Yeah, they can. There's still a few tickets left, so
if they make their way down to the tournament, which
is based at Central Park here and wipe and round,
the tickets can be bought at the caravan beside the
brand tent or yeah, right up until right up until
Saurday unless they at least they sell out. But yeah,
I'm sure they. I'm sure that we still tickets available
right through it all Saturday.
Speaker 2 (24:59):
Hey, James Hamil out of Brandt's in Central Hawk's Bay.
Thank you very much for your time, good luck for
your tournament, and remember buy a ticket for the John
Deare righte on MOA. It will be drawn at the
conclusion of the tournament on Saturday. Thanks for your time,
Thanks Ramy, thanks for Remy, Thanks James, and that MOA.
If you buy a ticket from brand the John dere
(25:19):
mower is worth five grand. Okay, we're going to come
to some of your feedback about the weather situation around
the country. Here's a good one. Send Shane Jones to
South He sounds that good. He could walk on water.
You've got to love the Prince of the province as
I think he's fair di income my favorite politician. Here's
Michelle with the latest and rural news.
Speaker 1 (25:41):
The countries, World news with Cod Cadet, New Zealand's leading
right on lawn Bower Brand. Visit steel Ford dot co
dot nz for your local stygist.
Speaker 2 (25:50):
And why the disco theme.
Speaker 9 (25:52):
I like it, by the way, because you can't be
unhappy when you hear punk music, right like disco music
makes you happy. It's a bit depressing out there at
the moment. Was the week that I thought this might
cheers and people up, you know, bring a bit of
life to the day.
Speaker 2 (26:05):
It was interesting, you know, the bloke. I'll come back
to the story because they're running out of time. I
want to get to the weather, right, weather at the
end of the hour, but not before the latest and
rural news. You've got the weather updates, I do, indeed.
Speaker 9 (26:17):
And there's quite a few warnings out there, Jamie. So
we've got heavy rain warning and it's a red warning
for our area here from eleven am Thursday third so
today until nine pm on Friday. They're expecting one hundred
and twenty to one hundred and fifty millimeters of rain
with the heaviest falls about the eastern hills and peak
rates of eight to fifteen millimeters.
Speaker 2 (26:36):
So that's for easter target.
Speaker 9 (26:38):
It's for north to Tigo, Dunedin and coastal clouther they're
actually getting sandbags out here in Dunedin right now, in
South Dunedin apparently, so it is quite bad. They're advising
people not to travel if you don't have to. There's
heavy rain watch and land clother in Southland as well
from today until tomorrow as well, and strong wind watches
in Fiordland and their Fiords and more heavy rain warnings
(26:59):
and orange warning for Bay of Plenty and West of
Fakatane as well. So there's warnings of right around the
country at the moment. Just keep an eye on those folks,
and if you don't need to travel anywhere, maybe you know,
try and stay home and under down.
Speaker 2 (27:10):
I've got some texts in from the Gisbane region. Are
not much a few spits of rain, are not much
rain at this stage, so fingers crossed and for the
parts of the country that need it, I hope you
get some. We need to spread it around evenly.
Speaker 1 (27:23):
That is rural news, Sport we're the ath Goo Kiwi
to the bone since nineteen.
Speaker 2 (27:29):
Oh four and Canterbury coach Marty Burke's hopeful of an
honest and unplanned or hopeful and honest and unplanned review
immediately after their record defeat by North Harbor will inspire
a turnaround for their NPC fortunes. The sixty five nineteen
score line equaled the province's worst losing margin and competition history,
(27:50):
as well as the most points conceded in a match,
and I hope North Harbor doesn't do the same to
my Southland Stags this weekend. And this is a good
news story. He was in I'm aligned character, but a
return to the cricketing spotlight looms for former Black Cap
Lou Vincent. He'll set up for teen cricket and next
year's T twenty Black Clash in Christchurch. Vincent's life band
(28:13):
for match fixing, handed down in twenty fourteen, was lifted
last year on I know for a while. I don't
know where he is now, but he was living in
Lumston in Southland there for a while and apparently he
was great with the locals and especially the local kids.
We wish him all the best. Everyone deserves a second chance.
Up next, it's a Rosie correspondent, Chris Russell. He's our
(28:40):
Rosie correspondent, Chris Russell, based out of Sydney, the big
NRL Grand Final on Sunday evening. Chris, I know you
used to be a member there at Home Bush the
Olympic Stadium. Are you still a member? Are you going
to what promises to be a magnificent Grand Final?
Speaker 8 (28:55):
No, Unfortunately a retirement took all those little luxuries away.
It will be a great Grand Final between clearly the
two top teams. In fact, some people are saying it's
boring because they've been the top two top teams all
season and they're still the two top teams. Interesting odds.
The odds amongst the experts are saying that the Storm
(29:16):
are probably going to Their combination is going to be
better there than the Penwrith Panthers, and the Panthers are
quite happy to be the underdogs, listening to Nathan Cleary
and his coach father Ivan, but it'll be the battle
of the halves. I reckon Jamie to see Jerome Hughes
win the vally m last night. That of course, cemented
his favoritism as being the better halfback. But gee, I
(29:38):
tell you what, Ivan Cleary, I think I'm watching probably
who's going to be the best halfback, certainly in my
lifetime and probably in a hundred years.
Speaker 2 (29:46):
Well, Ivan Clary is the dad Nathan Nathan. Yeah, no, no,
Well Ivan Cleary was a very handy rugby player or
a league player for us when he played for the Warriors.
It's a pretty we didn't keep him and Sun we
might be doing a bit better. Interestingly, these two teams
have been in the last five NRL Grand Finals, no one.
(30:07):
I don't think they've ever gone four in a row.
I'm going Penrith one to ten and it's paying two
dollars ninety. That's probably guarantees a victory for the Melbourne Storm.
Talk to me about the wall levee in Australia, Chris Russell.
Speaker 8 (30:19):
So, I mean every three years they have a boat
on this wall levee which is the amount that comes
out of the wall clip value to each farmer that
goes to spending by Australian Wool Innovation, which is the
sort of statutory body, and it has been sitting at
about one way exactly one and a half percent. They
(30:41):
have a choice of everything from zero up to two percent,
and the hint is they might increase it to two percent.
Just is a sort of lasttch effort to try and
recover from so many things that have been thrown and
then the latest being the ban on live exports out
of Western Australia, which threatens to shut down pretty much
the Western Australian sheep business because they have nothing to
(31:02):
do with their cast rage us and weathers and so
on if they can't ship them overseas on the for
live sheep boats. But I think you will see that
levee go up. I think they're certainly worth doing, and
I don't think the growers have any option but to
keep throwing money at them, both for research fifty percent
and for marketing.
Speaker 2 (31:20):
Jamie, Yeah, I guess there's a good argument that we
could do with the wall levee on this side to
try and of the Tasman to try and improve the
lot of our wall growers. We're staring down the barrel
on the bottom of the South Island. In fact, around
a lot of the country at the moment of record rainfall.
Mind you, you've had waterfalls springing from ears rock, record
(31:41):
rainfalls right in the middle of Australia.
Speaker 8 (31:44):
Yes, absolutely, so you don't see that very often. It's
just a very rare spring cloud band that's come in
from the northwest and they've had odd rainfalls up to
eighty millimeters. But they have thirty eight mills around the
ears or the Uler rules it's now called, and they
are the rain gage there has been for around for
(32:08):
about seventy two years and this is the highest they've
ever had in September at that particular area. Amazing. I've
seen once the rainfall cascading down off the Rocket's an
amazing side, I must say. And everyone up there, of
course is happy because there's much more money in mud
than dust.
Speaker 6 (32:27):
Jamie.
Speaker 2 (32:28):
Animal feed from flies is to be trialed in the
Pacific Islands. Now this would be this would kill two
birds with one stone.
Speaker 8 (32:36):
Yeah, that's exactly right. Well, they're going to use that.
These are not the sort of house flies that we
see in Sydney or anything. These are the black soldier
flies and the idea is to help them turn food
waste into some sort of nutrient rich both animal feed
and fertilizer. So they're going to do this trials on Banawatu,
Papua New Guinea and they're going to see if they
(32:59):
can actually turn this into waste. The larvae apparently because
they don't have any disease associate with these fliers. The
larvae are also good livestock feeds, and I think that's
an interesting piece of research because there is so much wastage.
Number one and be there's no shortage of flies, Jamie Chris.
Speaker 2 (33:18):
Russell, thanks for your time. Enjoy the NRL Grand Finals
Sunday evening. I say go the Penrith Panthers win by
one to ten. I'll get to collect at the tab
and it'll be worth it just to see Craig Bellamie's face.
See you later.
Speaker 6 (33:31):
No worries.
Speaker 2 (33:34):
Yes, it is six, five or six away from one
one or t'other. Phil Duncan from weather Watch warned us
about this rain fall on Monday. Your weather forecast was
pretty much on the mark. Phil. I'm looking at the
(33:57):
Met Service weather warnings page and I'm seeing red rain
warning for Eastern Otago and North Otago, rain warnings for Southland,
for Jordland and the Bay of Plenty.
Speaker 7 (34:10):
Yeah, we've got this active front moving down the country
and it's been fed by a subtropical airflow from that
beautiful high pressure system we had last weekend and on
Monday this week that's now gone, and it's helping to
feed moisture in this system, and it pushes it right
in to East Cape, but parts of Bay of Plenty
and then curves around, skips the rest of the country
(34:30):
by the way, but curves around and comes into Otago
and coastal eastern parts of Southland like the Catlands, and
so there's a lot of rain on the way for
them now compared to other regions.
Speaker 6 (34:39):
One hundred two hundred.
Speaker 7 (34:40):
And fifty millimeters may not sound massive to some parts
of the country, but for Dunedin and Mosgiel and other
places around there, that's a lot of rain and low
lying areas, some areas below sea level or near it
rivers that are very very flat and don't take a
lot to go above their banks. So this is something
to very much keep denial over the next day and
(35:01):
a half.
Speaker 2 (35:01):
We're already sandbagging here in Dunedin in south and needing
the low lying areas a text and here's some desperate
situations in Southland on farms, and we know that Southland
Southwest Otago has been wetter than for instance, where we're
based in Dunedin. They might escape the worst of this,
but that's still going to be plenty of rain for them.
Speaker 7 (35:23):
Yeah, it sort of fades out the further you go
inland from the coast, so from Dineden down to the
Catland kind of go inland about twenty kilometers fifty kilometers,
you're certainly seeing that rain taper right off, and then
for parts of Southland heavier rain to the east and
also much more over to the west. But many of
the central areas hopefully not in the problematic area, so
(35:45):
it's just limited to that bottom southeastern part around Otago
mostly and maybe the Catlands.
Speaker 2 (35:50):
Okay, Phil Duncan, thanks for your time, very short notice.
Be safe out there are the rest of you. Apologies
to Hakanui listeners because Phil will make an appearance on
your show between one and two. Andy Murorov cuts your lunch.
But it's called the food chain, my friend, the food chain.
Hoskin does the same to me. Look good luck out
there on the farms of New Zealand. Will catch you
(36:11):
back tomorrow. Take care, catch all the latest from the Land.
Speaker 1 (36:24):
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 Deere construction equipment.
Speaker 2 (00:28):
Get a New Zealand Welcome to the Country. It's a
very wet country today too. Shows brought to you by Brent.
My name's Jamie mckaye. We're getting straight into it. We're
going to update the weather for you because there are
some met Service warnings we're going to talk about. Michelle.
I'll update those and hopefully and before the end of
the hour, I'm just going to bring Phil Duncan and
normally on a Monday, but on a Thursday, just to
(00:49):
update the rain watch from weather Watch. The other big
story out there today these Federated Farmers have released their
submission to Parliament's Banking inquiry.
Speaker 3 (01:00):
Are we being.
Speaker 2 (01:00):
Ripped off by the banks or when it comes to
overdrafts farm overdrafts? The answer is yes and that is
my opinion, and I think it might be Richard McIntyre's
as well. He's their dairy chair in Banking Spokesperson Shane
Jones caught up with the Prince of the Provinces earlier
this morning in Hoker Ticket You're going to enjoy what
he has to say. Todd charteris, chief executive of Rabobank,
(01:23):
is at their good Deeds promo working bee at the
Timata Tennis Club near Raglan. We're going to pick his
brain on next week's OCR announcement. Twenty five or fifty points?
Are we going to get a cut? Yes we are,
but is it twenty five or fifty? And I wonder
if he's got any comments on Federated Farmers banking inquiry.
Chris Russell's ARROWSI correspondent. How good will that NRL final
(01:44):
be on Sunday? But let's get straight into it and
welcome on to the country Richard McIntyre. So more than
one in five Kiwi farmers say their bank isn't allowing
them to structure their debt in the most interest efficient way.
That's the key finding of the Fed Farmer's submission to
Parliament's banking inquiry. They got or Richard McIntyre, you've got
(02:07):
responses from a thousand farmers. That's a good sized sample.
Good afternoon, goodfnoon, Jamie.
Speaker 4 (02:15):
So you'll know that the banking inquiry all started because
we're looking at the difference between residential and rural interest
rates and wanting to work out if they're fair and reasonable.
And you know, the banks were pointing the finger at
the Reserve Bank and the capital requirements, and then the
Reserve Bank was pointed the finger bankhead and the banks
and saying that they're basically making.
Speaker 3 (02:35):
Two high mountains.
Speaker 4 (02:36):
But this is actually completely different. This is about the
bank actions towards farmers and where or not they are
allowing infrastructure there dead as efficiently as possible.
Speaker 5 (02:45):
And so when you look at you're.
Speaker 4 (02:47):
Can overdraft on what it's actually there.
Speaker 6 (02:49):
It's seasonal finance.
Speaker 4 (02:51):
It's finance that you can call on as you need
to in order to cash flow through the ups and
downs of the season. It's not to have it, you know.
And it's it's higher interest as well. It's not to
have sorry, have capital expenses going on to it.
Speaker 7 (03:06):
H and J.
Speaker 2 (03:06):
Richard, I'll play devil's advocate here. Well, the banks will say,
we're not going to give you unlimited rope.
Speaker 4 (03:13):
No, no, definitely not, and I do get that. But
at the same time, you know, farmers should have the
ability to structure their structure. They're dead and an interest
efficient on overdrafts are higher interest and you should be
able to see your way out of them each year.
You know, they and everything else affected, we should be
termed it unless there's a really good reason. And I
guess what we're hearing from farmers is that they don't
(03:33):
think there is a good reason for that to happen.
You know, you've really got a question. You know, why
you would have to upgrade your effuent system and put
it onto overdrafters seems to be happening. And why when
you're in a situation where you can't make principal repayments
due to a downturn, are you being told rather than
going on interest only, what we want you to do
is continue to break principal repayments on your term debt
(03:56):
via us extending your overdraft.
Speaker 2 (03:58):
Well that's the bank that low interesting, Yeah, that's the
bank getting you twice, isn't it? Look at that the
margins on overdraft? And I know this from a personal
experience and the farming business I'm involved, and I think
it's a raught look the bank ideal with Personally, I
couldn't speak highly enough of them. Service is brilliant. The
same bank banks the farm It's a it's a syndicate
(04:20):
I'm not quite sure they're doing as good a job there.
And I hear banks and farmers should I say, who
are paying eleven, twelve, thirteen percent on their overdraft while
there are while they're fixed lending might be at seven, eight,
maybe nine if they're unlucky percent. There's just too big
a margin.
Speaker 4 (04:39):
On it look at. There is a huge marginal, and
there's someone in the banking enquiring to look at as well.
Speaker 5 (04:45):
CF that's very reason.
Speaker 4 (04:47):
But we still come back to the point of seasonal
finance should be seasonal finance, and you know it doesn't
be benefit the farmer in any way to have too
much money on the overdraft. We're hearing for farmers that
the best they get in terms of their bank balance
in a season there is negative two hundred thousand dollars
on their overdraft. So that's a whole bunch of debt
that they're paying overdraft interest rates for that. In all reality,
(05:09):
they shouldn't be Yeah, exactly.
Speaker 2 (05:10):
Yeah, at some stage if you, if your finances structured correctly,
you should be able to not be an overdraft for
a part of the season. That's what it's there for
forty percent of farmers. That's quite a lot find their
debt structure inefficient or aren't receiving the information they need
to improve it. Richard, is that the fault of the farmers.
Do the farmers need to be more proactive, make contact
(05:32):
with their bank and look at restructuring their debt situation.
Speaker 4 (05:37):
Look, so twenty two percent of farmers said that they
asked their bank at the banks, so the banks they're
not allowed them to structure their debt in an interest
efficient matter. There were eighteen percent that didn't do. So
they can earn these eighteen percent to have those conversations
in their banks because you knows, harassing the banks.
Speaker 5 (05:55):
And saying you need to hear it.
Speaker 2 (05:57):
Hey, Richard, can you go and stand? Can't stand on
the back key a four wheel or or something. You're
cutting in and out on me. Run to the top
of a hell not again to Amy. Yeah, there you go.
We'll just stay still. I can hear you.
Speaker 4 (06:09):
Now, that's cool. Look, this is very much something the
farmers need to help themselves as well, you know, and
have those conversations with their banks and actually be putting
a bit of pressure on to make sure they arguing
a decent deal.
Speaker 2 (06:19):
Okay, Look, where to from here. You've put your submission in,
do you make a presentation to Parliament? How does it
work from here on in?
Speaker 4 (06:28):
So we were still waiting to get our time to
actually present to this. To me, we think it's going
to be in November at this point. We hear that
the banks are starting to submit from the twenty third
of this month, so we suspect we'll be in November sometime.
But yeah, we've put our submission in. It's a significant submission.
I think we made some really good points and offers
some really good solutions and really looking forward to speaking
(06:50):
to it.
Speaker 2 (06:50):
So who's leading the charge in the House and when
you make this presentation? Is it you Wayne Langford or
a combination of the above?
Speaker 6 (07:00):
Be me.
Speaker 4 (07:00):
Banking is my policy portfolio, but I'm very well supported
by some really good policy advisors as well.
Speaker 2 (07:06):
Okay, if you're still if there's still farmers out there
who don't think they're getting a fair crack of the
whip from the banks, We're going to be talking to
a banker a week bit later and there Todd Charter
is from Ravo Bank. You still want to hear from them?
Speaker 4 (07:18):
Oh definitely, you know, reach out. We're really really enjoying
hearing the stories for farmers because it will help to
help to shape what we have to say when we
appear in front of the Slid Committee. And then also
it will help help us to provide some solutions for
these farmers. Ideally as a result of this inquiry, good
on you.
Speaker 2 (07:35):
What's the weather like in your neck of the Wards
and the man Or Two region. It's awful in Dunedin
and it's a rice paddy it has been for a while.
In south and Southwest Otago, I think they might be
missing the worst of this. The rain warnings are for Kluther,
Dunedin and North Otago, and ironically North Otago will perhaps
welcome a bit of the rain. But what's it like
at your place.
Speaker 4 (07:56):
We're actually getting off pretty wellly at the moment, Jamie.
Just a little bit of rain overnight and grand conditions
are really really quite good, to be honest, But really
really thinking of all the southern farmers, you know, they're
just aren't catching a break at this point in time.
But I'm sure in a couple of weeks time the
sun'll be shining in the beginning the crops and and
all that sort of stuff. But you're just hanging there everyone.
Speaker 2 (08:16):
Yeah, and I'll be getting out of overdraft hopefully, and
the banks might give them a lower rate for their overdrafts.
Speaker 6 (08:21):
There you go.
Speaker 2 (08:22):
Richard McIntyre from a Federated Farmer's dairy chair, as well
as the banking spokesperson. This is Earth, Wind and Fire.
Michelle decided to go with a disco theme today. Don't
ask me why this is September. Obviously it's October. I
thought when we got out of September the weather would
(08:42):
come right, but it hasn't. Ah, mind you, if farming
was easy, as I say, everyone would be doing it,
wouldn't they up next? Earlier this morning, in fact, very
early this morning. I'm surprised he was in such good form.
The Prince of the province is Shane Jones. Lighten up
your Thursday here on the Country. So on yesterday's show,
(09:15):
I got a text and from Nick the Rockwasher from
Hoka Ticker, who said, Hi, Jamie, we've had a visit
on the gold mine I work on today in Hokaticker
from our honorary coaster, mister Shane Jones. And that's where
we find him today, still in Hokaticker, about to make
his way to Ross. It looks like Shane Jones. You've
(09:36):
got some fans on the coast, but not so many
in Wellington, especially in Greenpeace.
Speaker 3 (09:41):
Yeah. Sadly the Greenpeace and their fellow travelers thought that
they would use megaphones and call me an eco terrorist
and others foolish and juvenile terms. But look, they're not
going to shut me up for regional New Zealand on
the matters of mining and related industries. I'm the people's
champion and these yes, it's sticking up for a tiny
(10:01):
elite group who think that we should save the climate
and the planet first before we save our country and
our economy. They're never going to get me to change
my views. So that's why I'm on the coast on
my way to the annual mining Shindig. Here on the coast,
they're very confident we're going to change the law. Fast
tracks not very far away, and we've relegitimized the existence
(10:23):
both of the coal mine industry and the gold industry.
We know coal is going to be eventually replaced over time,
but none of the schoolishness that we're seeing in England
where they're closing down coal power stations. But then importing
all their energy from the European Union. We don't have
the option to import je from either the Chathams or Tasmania.
Speaker 2 (10:43):
Mind Joe, it's a stain, that's a crime, that we
have been importing coal from Indonesia.
Speaker 3 (10:49):
Well, there in lies the tragedy. We've got coal literally
under my feet as I wander around the coast. We've
got coal within splitting distance from the Huntly power station.
But of course we've had various regimes who have demonized
the coal industry. We can actually dig it up, we
can use it as a contingency fuel until such time
we make further progress in the transition. And a lot
(11:11):
of the coal exports are sorely needed for steel. And
the last time I checked, Western civilization was built on
concrete and steel.
Speaker 2 (11:19):
If I was a batter, skinker, alizard or a blind frog,
I'd probably be reasonably worried about my future.
Speaker 3 (11:27):
No, I would practice the climate change rhetoric, and I
would begin to relocate to a place far less hazardous.
The country's inordinately expensive, and the luck the reality mate
these species have been weaponized, catastrophized. A lot of the
business of getting ready of every critter, But At the
same time, we're not going to deify them. We're not
(11:48):
going to turn them into biblical creatures. While ordinary Kiwis
are going by the way because they can't pay the
bills or they can't find a decent job.
Speaker 2 (11:55):
Seems like you're a biblical creature on the West Coast.
Look your Crown Mineral's Amendment Bill. What's that all about?
Speaker 5 (12:02):
Oh?
Speaker 6 (12:03):
Two bits to it.
Speaker 3 (12:03):
We're simplifying some of the rules around gold mining, and
we're getting rid of getting rid of to Cinda Adern's
ban when she saw too close down the oil and
gas industry in two thousand and eighteen. Worst decision I've
ever been involved in as politicians. It's a form of
penance for me. We're reversing that band and we're putting
up in neon lights to the rest of the world.
(12:24):
We're open for business. Obviously, it'll take time before the
large explorers or even the domestic ones come forward and
expand the size of the gas fields and extract more gas.
We've got an option of bringing it into the country,
but why not use our own indigenous resources before we
worsen our current account deficit by having to expand our
(12:47):
impulse When we have the ability to boost our resilience
by using our own resources.
Speaker 2 (12:51):
Well, okay, you're very popular on the coast. You're going
to be in Dunedin tomorrow. Are you going to sweep
in and build a hospital overnight? That might get you
into the top ten on the Mood of the Boardroom survey.
Speaker 3 (13:04):
Long since given up bothering about what's in the mood
of the boardroom. The boardroom represents the people that are
bettering the industry. In terms of the power industry, I
mean they're sitting in the parlor counting all the money
while exporters are finding it difficult to survive. Companies are
literally closing down and garden variety kiwis are considering packing
(13:24):
up in droves because the power companies can't do their
job properly and aren't delivering to New Zealand a secure
and affordable level of energy. The Needin's going to get
a hospital. There's never any suggestion there's going to be
no hospital. The reality, however, is that we're all living
within a set of straightened circumstances. And my friend mister
Bishop went down me just to alloy out the full
(13:46):
parameters of what these projects cost in a perfect world
and what we can afford. I think it's just a
bit of a bet up. And naturally there are people
in and around Dunedin associated with the university and other
sectors who don't like the government, and I think it
was an opportunity for them to take a cheap shot.
Well Albi and Dunedin and they'll find them much was
(14:07):
not one to cow.
Speaker 2 (14:09):
So are we going to have sort of like a
gunfight at the ok Corral or in our case the octagon,
you squaring off against Grant Robertson. I take it that's
who the dig was against.
Speaker 3 (14:19):
Look, Granting the team from Labor, they had every opportunity
to deal to this hospital issue. There's a great debate
as to whether it's at the right place. Should the
chocolate factory have been pulled down, But sadly those issues
are in the past down. We've got to create an
institution that meets not only local needs but as affordable
across the entire nation.
Speaker 8 (14:40):
No.
Speaker 3 (14:40):
I was named after a cowboy, and the name of
the cowboy was Shane. At the end of that movie
was acted out through Allan Ladd. The final line is Shane,
Shane come back, and that's what I want to hear.
Speaker 2 (14:52):
Well, they love you on the coast. Maybe that's because
you are a bit of a cowboy. Now, just on
that mood of the boardroom, Survey Stanford one, Sam and
Brown two, Willis three Bishop you make bishop for Colins five,
Lux and Sex Winston seven. No sign of Shane Jones,
I reckon when they do your report card at the
end of the year, they say must try harder with Greenpeace.
Speaker 3 (15:14):
Well, the reality, mate is that's not the territory that
I'm seeking to harvest results from the boardroom. My territory
is out on the provinces, in the regions, and a
lot of the businesses out there are modest sized entrepreneurial characters,
i e. The mining industry, IE, the aquaculture industry, the
(15:34):
fishing industry, and these regional businesses. They're the ones in
twenty twenty six that will have a lot to say
as to who's got power in the next three years
of our government. And I'm totally disinterested in sucking up
to anyone in the corporate boardroom.
Speaker 2 (15:48):
And that's why they call you the Prince of the
Province's martoua. Shane Jones, Thanks as always for your time
on the country. See anybuddy bye, Yes, something I prepare
to Earlier this morning, Martua Shanne Jones the movie Shane
Shane Come Back. Got to hand it to him. Actually
(16:08):
that was with the first night Michelle I ever spent
at boarding school. They put us into the hall and
on the Sunday night when we got there, before we started,
they showed us the movie Shane.
Speaker 9 (16:19):
Sounds that the wrong movie to be showing you guys
come back.
Speaker 8 (16:22):
Come Back.
Speaker 2 (16:23):
Well, I didn't cry during the movie, but I cried
because I was homesick. I was a wee bit of
a softy, to be perfectly honest. Never Mind, I grew
out of it and grew to love boarding school. We're
going to take a break off to Tamata, the Tamata
Tennis Club near Raglan, where Todd charteris is. He's doing
the working bee. He's a handyman on the tools and
on the hand piece too, I might add, but I
(16:44):
want to also ask him about next week's OCR announcement.
Do we go twenty five or fifty basis points? And
is he ripping us off or are the banks ripping
us off? Especially on overdrafts. We'll ask him up next
on the country, Get job, Welcome back to the Country.
(17:13):
Twenty nine after twelve Todd charteris as the chief executive
of Rabobank. Here's at the Tamata Tennis Club near Raglan
for a working bee for the winners of the twenty
twenty four Rabobank Good Deeds competition, Todd, Before we talk
about what you're doing on the end of the tolls today,
I want to talk to you firstly about next week's
OCR announcement. Twenty five or fifty basis point cut.
Speaker 6 (17:38):
Yeah, look, I think it'll be twenty five. Actually, Jamie,
I know the market some of the markets pricing fifty,
but I think it'll be steady as she goes, we're
heading in the same direction. But I think it'll be
twenty five as my pack.
Speaker 2 (17:47):
Wouldn't it be good for the Reserve Bank to kickstart
the economy by going fifty points?
Speaker 6 (17:54):
Oh look, I think it will, say the market's already
pricing further cuts in so I think that you know
the direction of travels it, so I think it is
sounding to have a positive impact. But I think they'll
go steady as they go as my pick. But you know,
who knows. We'll see what happens next week.
Speaker 2 (18:08):
Okay, what about November the twenty seventh, the last one
before Christmas? Fifty fifty points?
Speaker 6 (18:12):
Then I think it's too really the cool I mean,
I think there's you know, there's there is some some
there are some small signs of encouragement in the economy.
Commodity prices are improving, and there's a few things that
we'll wait and see over the next month, but we'll
see some through the cuts. It's just as to what
pace we go at.
Speaker 2 (18:29):
I guess, well, we need we need a reduction because
the overdraft rates far too high. Why are farmers paying eleven,
twelve or thirteen percent on bank overdrafts?
Speaker 6 (18:39):
Yeah, well, I mean I can't answer that for other banks.
I mean, I guess it's going to be the feature
of the Banking Inquiry, which we welcome. You know, we
will put our submissions in and we look forward to
lining up and pronos select committees in the coming weeks
and months. But they'll all be determined through there, there's
no doubt about it. And you know, if if there's
(19:01):
things that are out of line, it will come out
and I think it'll be positive.
Speaker 2 (19:04):
But surely if an overdraft or debt structures worked out properly.
There must be a period of time in the year,
hopefully for six months of the year when you're out
of overdraft.
Speaker 5 (19:14):
Oh.
Speaker 6 (19:15):
Absolutely, And that's exactly right. I mean, it's working capital,
so that should be seasonal, it should be short termed
by nature. Absolutely, And if things aren't structured right and
businesses are stuck an overdraft or then we haven't got
structures right and that needs to be remedied. I agree
with that.
Speaker 2 (19:31):
Comments are you farmer clients too slow or reticent? Do
they need to be more proactive with their banks?
Speaker 6 (19:39):
Well, look, I don't know. I mean I think it
goes both ways. I mean I would expect our bank
is certainly to be proactive with setting up structures for
farm businesses for the coming twelve months at the right
time in the season. And you've only got to look
at at the moment, right with beef prices, you know
there's going to be extra working capital requirements. You know
(20:00):
it's upon us all to make sure we've got the
structures right in place to facilitate that because there's some
pretty big checks being written there at the moment you're
buying kettle.
Speaker 2 (20:09):
Let's just finish on what you're up to today, the
Rabobank Good Deeds Promo winners, the Tomato Tennis Club. This
is a great story. And when in the recess they've
applied for some funding and now it's you know, all
hands on deck.
Speaker 6 (20:22):
Well it's all ends on deep round here. I can
tell you we've been looking into it. There's been drainage.
We've moved. I think about Aideen ton of drainage medal.
I'm told there's wood chips the building going on and
it's great to see and it's fantastic, you know, just
to support these rural communities. They're so excited here and
our teams are grateful for the opportunity to make a difference.
(20:45):
So that's cool.
Speaker 2 (20:46):
Rowena Duncan's representing the country. Has she been on the
tools this morning or has she been faffing around doing videos?
Speaker 6 (20:52):
Well, look she's been doing her bit, Jamie. You know
we need to get the story out there too, don't
we about these royal communities and the strength to them
and the importance of them. So everyone's got a part
of the place.
Speaker 2 (21:03):
Good on you, hey, Todd charteris thank you very much.
I know you won't shy away from your turn on
the spade, enjoy the rest of your day at the
Timata Tennis Club.
Speaker 6 (21:12):
Good on you, Jie.
Speaker 2 (21:13):
There we go. Todd charteris on a disco themed Thursday Thursday. Okay,
send us a text and our phone number's five phone number,
our text numbers five, double O nine. Let us know
how you're getting on at your place. Where these Because
(21:34):
it's not just the South, there are also rain warnings
for the Bay are plenty and Tiraffarty, so just keep
us informed and we'll tell the rest of the country.
Up next Michelle Watch. She's going to update the weather situation,
the latest and the weather warnings and rural news. We'll
have sports news for you. Chris Russell's there OSI correspondent
and if I can squeeze them in before the end
(21:55):
of the hour, I want to update the rain watch
with Phil Duncan and wear the Watch. Welcome back to
the country, brought to you by Brent. Very shortly, the
(22:18):
latest and rural news with Michelle, and we'll update sports
news for you. But I'm going to combine brant and
sport now because I'm heading to y Poker Ol to
catch up with James Hamilton, the branch manager for Brent
and James. You guys at Brant have donated a new
S one hundred John Dare Ride on MOA and this
(22:38):
is for the Central Hawks May Ross Shield Trophy tournament
that's coming up I think, And you're going to draw
this when on Saturday.
Speaker 5 (22:48):
Yeah, So the tournament started on Tuesday, Jamien, and carries
on through it to Saturday, and we'll be drawing the
winner of the LAMA on Saturday at the closing ceremony.
So yeah, very exciting times and well good on.
Speaker 2 (23:01):
You for supporting it. Rosshield Rugby. Is that for primary
school kids?
Speaker 5 (23:05):
Yeah, so it's a primary school tournament based on the
sub unions of Hawk's Bay from Wirral through to Dannybrick.
So it's the kids have got to be under fourteen
years old and there is a weight limit to even
the playing field out of it. So yeah, I've got
to be under fifty six kilos, so yeah, keeps everything
nice and even and very competitive.
Speaker 2 (23:25):
Are you Hawks Bay born and bred James?
Speaker 3 (23:28):
Yeah, I'm Wipe born and bread.
Speaker 5 (23:30):
Yeah, been here all my life. So yeah, it's a
big part of Roshield is a big part of the
kids growing up around here, and they all despite sort
of have supremacy in that primary school rugby.
Speaker 2 (23:39):
I take it you played in it back in the day.
Speaker 5 (23:42):
Yeah, I played in ninety three. It's probably shown my
age a little bit as what was in a Form
one student, but yeah, I was a little bit too
heavy for the weight limit when it got to ninety
ninety four, So yeah, I need managed to get through.
Speaker 3 (23:55):
One year of it.
Speaker 2 (23:56):
Anyone from your era go on to being all Black
or a great Hawks Bay rugby player.
Speaker 5 (24:01):
There's a few from around the era that I was playing.
One of the guys who played the year after I
played was Matthew Bechrist. He went on he was actually
player of the tournament in ninety four, and then a
few other guys sort of going into the early two thousand,
sort of very well known guys like Israel Dag and
Richard Buckman, the players of the tournament. So yeah, there's
a lot of other sort.
Speaker 3 (24:21):
Of current magpies that have played over the years.
Speaker 2 (24:24):
Well, Richard Richard Buckman, there's a blast from the past,
the Barracoda, one of my favorite all time rugby players.
All right, so can public still buy a ticket for
this raffle? Because it is going to be drawn on
Saturday at the conclusion of the tournament. Can they still
do that?
Speaker 5 (24:39):
Yeah, they can. There's still a few tickets left, so
if they make their way down to the tournament, which
is based at Central Park here and wipe and round,
the tickets can be bought at the caravan beside the
brand tent or yeah, right up until right up until
Saurday unless they at least they sell out. But yeah,
I'm sure they. I'm sure that we still tickets available
right through it all Saturday.
Speaker 2 (24:59):
Hey, James Hamil out of Brandt's in Central Hawk's Bay.
Thank you very much for your time, good luck for
your tournament, and remember buy a ticket for the John
Deare righte on MOA. It will be drawn at the
conclusion of the tournament on Saturday. Thanks for your time,
Thanks Ramy, thanks for Remy, Thanks James, and that MOA.
If you buy a ticket from brand the John dere
(25:19):
mower is worth five grand. Okay, we're going to come
to some of your feedback about the weather situation around
the country. Here's a good one. Send Shane Jones to
South He sounds that good. He could walk on water.
You've got to love the Prince of the province as
I think he's fair di income my favorite politician. Here's
Michelle with the latest and rural news.
Speaker 1 (25:41):
The countries, World news with Cod Cadet, New Zealand's leading
right on lawn Bower Brand. Visit steel Ford dot co
dot nz for your local stygist.
Speaker 2 (25:50):
And why the disco theme.
Speaker 9 (25:52):
I like it, by the way, because you can't be
unhappy when you hear punk music, right like disco music
makes you happy. It's a bit depressing out there at
the moment. Was the week that I thought this might
cheers and people up, you know, bring a bit of
life to the day.
Speaker 2 (26:05):
It was interesting, you know, the bloke. I'll come back
to the story because they're running out of time. I
want to get to the weather, right, weather at the
end of the hour, but not before the latest and
rural news. You've got the weather updates, I do, indeed.
Speaker 9 (26:17):
And there's quite a few warnings out there, Jamie. So
we've got heavy rain warning and it's a red warning
for our area here from eleven am Thursday third so
today until nine pm on Friday. They're expecting one hundred
and twenty to one hundred and fifty millimeters of rain
with the heaviest falls about the eastern hills and peak
rates of eight to fifteen millimeters.
Speaker 2 (26:36):
So that's for easter target.
Speaker 9 (26:38):
It's for north to Tigo, Dunedin and coastal clouther they're
actually getting sandbags out here in Dunedin right now, in
South Dunedin apparently, so it is quite bad. They're advising
people not to travel if you don't have to. There's
heavy rain watch and land clother in Southland as well
from today until tomorrow as well, and strong wind watches
in Fiordland and their Fiords and more heavy rain warnings
(26:59):
and orange warning for Bay of Plenty and West of
Fakatane as well. So there's warnings of right around the
country at the moment. Just keep an eye on those folks,
and if you don't need to travel anywhere, maybe you know,
try and stay home and under down.
Speaker 2 (27:10):
I've got some texts in from the Gisbane region. Are
not much a few spits of rain, are not much
rain at this stage, so fingers crossed and for the
parts of the country that need it, I hope you
get some. We need to spread it around evenly.
Speaker 1 (27:23):
That is rural news, Sport we're the ath Goo Kiwi
to the bone since nineteen.
Speaker 2 (27:29):
Oh four and Canterbury coach Marty Burke's hopeful of an
honest and unplanned or hopeful and honest and unplanned review
immediately after their record defeat by North Harbor will inspire
a turnaround for their NPC fortunes. The sixty five nineteen
score line equaled the province's worst losing margin and competition history,
(27:50):
as well as the most points conceded in a match,
and I hope North Harbor doesn't do the same to
my Southland Stags this weekend. And this is a good
news story. He was in I'm aligned character, but a
return to the cricketing spotlight looms for former Black Cap
Lou Vincent. He'll set up for teen cricket and next
year's T twenty Black Clash in Christchurch. Vincent's life band
(28:13):
for match fixing, handed down in twenty fourteen, was lifted
last year on I know for a while. I don't
know where he is now, but he was living in
Lumston in Southland there for a while and apparently he
was great with the locals and especially the local kids.
We wish him all the best. Everyone deserves a second chance.
Up next, it's a Rosie correspondent, Chris Russell. He's our
(28:40):
Rosie correspondent, Chris Russell, based out of Sydney, the big
NRL Grand Final on Sunday evening. Chris, I know you
used to be a member there at Home Bush the
Olympic Stadium. Are you still a member? Are you going
to what promises to be a magnificent Grand Final?
Speaker 8 (28:55):
No, Unfortunately a retirement took all those little luxuries away.
It will be a great Grand Final between clearly the
two top teams. In fact, some people are saying it's
boring because they've been the top two top teams all
season and they're still the two top teams. Interesting odds.
The odds amongst the experts are saying that the Storm
(29:16):
are probably going to Their combination is going to be
better there than the Penwrith Panthers, and the Panthers are
quite happy to be the underdogs, listening to Nathan Cleary
and his coach father Ivan, but it'll be the battle
of the halves. I reckon Jamie to see Jerome Hughes
win the vally m last night. That of course, cemented
his favoritism as being the better halfback. But gee, I
(29:38):
tell you what, Ivan Cleary, I think I'm watching probably
who's going to be the best halfback, certainly in my
lifetime and probably in a hundred years.
Speaker 2 (29:46):
Well, Ivan Clary is the dad Nathan Nathan. Yeah, no, no,
Well Ivan Cleary was a very handy rugby player or
a league player for us when he played for the Warriors.
It's a pretty we didn't keep him and Sun we
might be doing a bit better. Interestingly, these two teams
have been in the last five NRL Grand Finals, no one.
(30:07):
I don't think they've ever gone four in a row.
I'm going Penrith one to ten and it's paying two
dollars ninety. That's probably guarantees a victory for the Melbourne Storm.
Talk to me about the wall levee in Australia, Chris Russell.
Speaker 8 (30:19):
So, I mean every three years they have a boat
on this wall levee which is the amount that comes
out of the wall clip value to each farmer that
goes to spending by Australian Wool Innovation, which is the
sort of statutory body, and it has been sitting at
about one way exactly one and a half percent. They
(30:41):
have a choice of everything from zero up to two percent,
and the hint is they might increase it to two percent.
Just is a sort of lasttch effort to try and
recover from so many things that have been thrown and
then the latest being the ban on live exports out
of Western Australia, which threatens to shut down pretty much
the Western Australian sheep business because they have nothing to
(31:02):
do with their cast rage us and weathers and so
on if they can't ship them overseas on the for
live sheep boats. But I think you will see that
levee go up. I think they're certainly worth doing, and
I don't think the growers have any option but to
keep throwing money at them, both for research fifty percent
and for marketing.
Speaker 2 (31:20):
Jamie, Yeah, I guess there's a good argument that we
could do with the wall levee on this side to
try and of the Tasman to try and improve the
lot of our wall growers. We're staring down the barrel
on the bottom of the South Island. In fact, around
a lot of the country at the moment of record rainfall.
Mind you, you've had waterfalls springing from ears rock, record
(31:41):
rainfalls right in the middle of Australia.
Speaker 8 (31:44):
Yes, absolutely, so you don't see that very often. It's
just a very rare spring cloud band that's come in
from the northwest and they've had odd rainfalls up to
eighty millimeters. But they have thirty eight mills around the
ears or the Uler rules it's now called, and they
are the rain gage there has been for around for
(32:08):
about seventy two years and this is the highest they've
ever had in September at that particular area. Amazing. I've
seen once the rainfall cascading down off the Rocket's an
amazing side, I must say. And everyone up there, of
course is happy because there's much more money in mud
than dust.
Speaker 6 (32:27):
Jamie.
Speaker 2 (32:28):
Animal feed from flies is to be trialed in the
Pacific Islands. Now this would be this would kill two
birds with one stone.
Speaker 8 (32:36):
Yeah, that's exactly right. Well, they're going to use that.
These are not the sort of house flies that we
see in Sydney or anything. These are the black soldier
flies and the idea is to help them turn food
waste into some sort of nutrient rich both animal feed
and fertilizer. So they're going to do this trials on Banawatu,
Papua New Guinea and they're going to see if they
(32:59):
can actually turn this into waste. The larvae apparently because
they don't have any disease associate with these fliers. The
larvae are also good livestock feeds, and I think that's
an interesting piece of research because there is so much wastage.
Number one and be there's no shortage of flies, Jamie Chris.
Speaker 2 (33:18):
Russell, thanks for your time. Enjoy the NRL Grand Finals
Sunday evening. I say go the Penrith Panthers win by
one to ten. I'll get to collect at the tab
and it'll be worth it just to see Craig Bellamie's face.
See you later.
Speaker 6 (33:31):
No worries.
Speaker 2 (33:34):
Yes, it is six, five or six away from one
one or t'other. Phil Duncan from weather Watch warned us
about this rain fall on Monday. Your weather forecast was
pretty much on the mark. Phil. I'm looking at the
(33:57):
Met Service weather warnings page and I'm seeing red rain
warning for Eastern Otago and North Otago, rain warnings for Southland,
for Jordland and the Bay of Plenty.
Speaker 7 (34:10):
Yeah, we've got this active front moving down the country
and it's been fed by a subtropical airflow from that
beautiful high pressure system we had last weekend and on
Monday this week that's now gone, and it's helping to
feed moisture in this system, and it pushes it right
in to East Cape, but parts of Bay of Plenty
and then curves around, skips the rest of the country
(34:30):
by the way, but curves around and comes into Otago
and coastal eastern parts of Southland like the Catlands, and
so there's a lot of rain on the way for
them now compared to other regions.
Speaker 6 (34:39):
One hundred two hundred.
Speaker 7 (34:40):
And fifty millimeters may not sound massive to some parts
of the country, but for Dunedin and Mosgiel and other
places around there, that's a lot of rain and low
lying areas, some areas below sea level or near it
rivers that are very very flat and don't take a
lot to go above their banks. So this is something
to very much keep denial over the next day and
(35:01):
a half.
Speaker 2 (35:01):
We're already sandbagging here in Dunedin in south and needing
the low lying areas a text and here's some desperate
situations in Southland on farms, and we know that Southland
Southwest Otago has been wetter than for instance, where we're
based in Dunedin. They might escape the worst of this,
but that's still going to be plenty of rain for them.
Speaker 7 (35:23):
Yeah, it sort of fades out the further you go
inland from the coast, so from Dineden down to the
Catland kind of go inland about twenty kilometers fifty kilometers,
you're certainly seeing that rain taper right off, and then
for parts of Southland heavier rain to the east and
also much more over to the west. But many of
the central areas hopefully not in the problematic area, so
(35:45):
it's just limited to that bottom southeastern part around Otago
mostly and maybe the Catlands.
Speaker 2 (35:50):
Okay, Phil Duncan, thanks for your time, very short notice.
Be safe out there are the rest of you. Apologies
to Hakanui listeners because Phil will make an appearance on
your show between one and two. Andy Murorov cuts your lunch.
But it's called the food chain, my friend, the food chain.
Hoskin does the same to me. Look good luck out
there on the farms of New Zealand. Will catch you
(36:11):
back tomorrow. Take care, catch all the latest from the Land.
Speaker 1 (36:24):
It's the Country Podcast with Jamie McGue. Thanks to Brent,
you're specialist in John Deere machinery.
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