October 29, 2025 • 38 mins
Jamie Mackay talks to Miles Hurrell, Emma Poole, Dr Jacqueline Rowarth, Mark Copeland, and Chris Russell.
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Speaker 1 (00:00):
Catch all the latest from the land. It's The Country
Podcast with Jamie McGue Thanks to Brent. You're specialist in
John Deere machinery.
Speaker 2 (00:18):
When are we coming now?
Speaker 3 (00:20):
I'm gonna I'm going to be the man for you
when I go out. Yeah, I know I'm gonna be
I'm gonna be the man who.
Speaker 2 (00:30):
Goes along with you. Good afternoon, New Zealand. Welcome to
the Country. I'm Jamie mackay. The show is brought to
you by Brent Music. Today from the Proclaimers, five hundred
miles waiting on hold, We've got four billion miles. Miles
Hurral the chief executive of Fonterra. No surprise, A big
fat yes volte to the divestment of the consumer brands business.
(00:52):
We're going to talk to Emma. I was going to say,
Emma Higgins. Let's try Emma Paul a former Young Farmer
of the Year. She was on the other side of
this argument. I think she wanted Fonterra to keep the
consumer brands. Doctor Jack Willn Roweth has been doing great
work for us in Rome, representing US at the UN
Food and Agriculture Conference. Mark Copeland is the Captain of
(01:16):
the New Zealand Dog Troll team. They're going up against
the Aussies and Ashburton tomorrow. And our Australian correspondent Chris
Russell's got some interesting commentary on why net zero is
an ideology not a policy. But let's kick off the
show and welcome on to the show, the chief executive
of Fonterra, Miles Hurrell. No surprise in the outcome of
(01:38):
this vote, Miles Hurrell, and no surprise in the reaction
from Winston Peters. Good afternoon, good eyesnon Jamie.
Speaker 4 (01:46):
Are you a look an overwhelming result that's come through
from a Shielders this morning? And when you say no surprise,
I mean see it. Work's gone to that. What was
he been outly talking to to farmers for a few
months on this now and around your rame of meetings,
shared meetings, webinars and so you know we've clout for
all the questions I've gotten. So the number of eighty
(02:07):
eight percent in support, you know, it gives gives us
the thumbs up.
Speaker 2 (02:11):
Or you're selling yourself short. Eighty eight and a half percent,
they're Miles Hurrel. It's an overwhelming Yes, no surprise, this
will this will put three point two billion dollars into
the New Zealand economy. That's that's how much it is
going back to the farmers shareholders two dollars per share
tax free. This talk of that lifting New Zealand's GDP
(02:31):
by zero point seven percent. This could be a huge
kick in the backside in the right way for our economy.
Speaker 4 (02:38):
Well, as you say, I mean the New zeal economy
has not had them any great shape and so the
royal set is certainly doing the heavy lifting. So you know,
three point two billion dollars by way of tax free
capital term will certainly help. I think, but but least
all loose sight. You know, we sold this business for
four point two billion, so you know there's another sort
of seven hundred to a million by the time you
remove the costs that also go into the new on
(03:00):
the economy. I suspect over time when you start thinking
about these things that will continue to invest in that
support our ongo ingredients and food service business.
Speaker 2 (03:08):
I see Nick Tufley from ASB said there will be
three point two billion going to your eight thousand shareholder
farms in New Zealand. That average is just under four
hundred thousand dollars per farm around sixty percent of shareholding.
Farms could receive at least two hundred thousand. Obviously some
of the bigger ones are going to get quite a
(03:28):
windfall on this one. What is the time frame when
do Fonterra farmers get this money and their hot little hands.
Speaker 4 (03:36):
Yes, I certainly today's shareholder meeting was one of the
big milestones, which obviously pass. Now then we go into
sort of the regulatory peace around the world, and so
each market will a number of markets had their own
regulatory approvals required, and they're coming through sort of as
we speak, on a day by day basis. And then
we need to go through the sort of the separation
(03:56):
and by that I mean physical office separation systems and
those sort of things. So we're still talking calendar year
twenty twenty six. You know, I'd like to think early
part of that calendar year sort of quarter one, quarter two,
But we're going to come out sometime in early December
with a bit of an update as to how that looks.
But certainly in that first half of twenty six is
what I'm aiming for.
Speaker 2 (04:17):
Well, let me just quote Winston Peter's back at you,
Because there's always two sides to an argument he said
very recently on Facebook. Fonterra shareholders have decided to sell
iconic dairy brands Mainland Anchor, Carpety and others to the
French firm Luck to Lease. This is ut of madness,
it's economic self sabotage. It's an outrageous, short sighted sugar hit.
(04:42):
What do you say in your defense?
Speaker 4 (04:44):
Yeah, well, of course, the big question that farmers have
asked right the way through this process, what does the
cop look like long term? And we've always said that
this consumer business is about seven or eight percent of
our milk, so it's important part, but it's not the
biggest chunk of our business. And we're always made the
return to their ingredients in our food service business. And
so you know, painting that long term picture, yes, says
(05:05):
that there's a whole lot of cash that will go
back to our shielders in the short term. But at
the same time, how do we reinvest more of their
capital into projects that offer a greater return. So, you know,
I totally disagree with this, you as you, So it
surprised me quite frankly.
Speaker 2 (05:19):
He's saying luck to lese can begin or to let
me rephrase that, he says Luck to Lise can three
years into the steal decide to terminate the milk supply
to these brands. So he thinks it's short term gain
for long term pain. And also, I don't know whether
you want to go down this track. He's kind of
having a shot at you and the board and your
(05:43):
incentives bonus incentives forgetting the steel through.
Speaker 4 (05:48):
Yeah, well or so, firstly, the milk supply agreement, it's
a ten year deal. I think we're being very clear
in the notice of meeting and all the conversation with farmers.
Their ingredients business is a three year deal with a
three year notice period. But the owners comes back on
us as an organization to say, you know, how we
how do we work with our with our key ingredients
or a key B to B customers, And so you know,
(06:08):
they could take their milk away and buy it from
someone else, but at the same time you so could
necessarily so could others, and it's our job to make
sure that they remain remain with us by treating them respectfully,
treating them as a key ongoing customer of ours. And
of course they're wanting to buy these brands, not just
for the brand, just to the people they wanted to
buy it for the new Zim province. Also, so you know,
(06:30):
I'm confident in the long term position here.
Speaker 2 (06:32):
If I was a fun tear a Farmer shareholder, and
I'm not Miles Hurrah, I'd be pretty pleased with the
way you and Peter McBride are running the show. Instance
saying where will you be in a few years time,
You'll be out of here with your bonus. He's really
having a crack at you.
Speaker 4 (06:47):
Yeah, but we've also been very clear there are no
executive bonuses linked to the sale process, and so you
know we're not even to get entertained that conversation. Who
knows where we'll be continued time here. It's a lot,
It's a long time down the line, but I'm focused.
Speaker 5 (07:00):
On the here now.
Speaker 4 (07:01):
I'm loving the job and loving what I'm doing. And
you know, farmers a supportive of the direction of travel,
as you've seen with an eighty eight and a half
percent vote that came through.
Speaker 2 (07:09):
This morning and overwhelming yes folk, just before I let
you go, Tough times for some of your Farmer's shareholders,
especially in the South Island, Southland, Southwest Otago, Canterbury. How's
the recovery going.
Speaker 4 (07:22):
Yeah, but being really roughly on there for those guys,
no question. I think a couple of days ago we
were just under sort of two hundred farms. I think
that without power. I think last countless mornings around fifty,
so that those numbers are coming down. But even one
farm without power is a disaster for that individual farm.
So we're supporting them the best we can. I think
from what I'm seeing the way that the industries come together,
(07:44):
whether it be the irrigation companies and the third companies
and farm source, all the people come together to try
and support these farmers the best we can.
Speaker 6 (07:52):
But yeah, a rough time, no question.
Speaker 2 (07:54):
Hey Miles Hurrell to you and the team at fon Tira, Congratulations,
this is a good result and it's a good result
for New Zealand Inc. And our economy. Yep, thanks so
muching me here we go the chief executive of Fonterra.
But not everyone agrees with the sale of the consumer
brand's business. I was going to get the Farmer Panel
on today, Tim Dangel and Emma Paul. I think Tim's
(08:16):
dairy farming down in Southland. Now he's got a webit
on his plate. He's probably on the end of a
chainsaw tropic chopping up some trees. I'll get him on
the show tomorrow, but I want to speak to Emma
Paul because by memory and I might be doing her
a disservice. I think she was on the other side
of the argument. Not as vitriolic as Winston is on this,
but she was anti selling the consumer brand's business as
(08:40):
a Fonterra farmer shareholder and supplier. Will get Emma Pool's
take on this after the break. She is the twenty
twenty three FMG Young Farmer of the Year.
Speaker 5 (08:56):
Where.
Speaker 1 (09:04):
The Farmer Panel with the Isuzu Dmax, the kiwiu'te built
off with truck.
Speaker 2 (09:09):
DNA welcome back to the country. Well, the Farmer Panel's
just a one man band really today because I've lost
the other half of the Farmer Panel. Emma Paul as
the twenty twenty three Young Farmer of the Year. She's
in the Waycatto region. Her older brother Tim one not
the year before. He's in Southland. He's busy at the moment.
We'll get a hold of him tomorrow. But the reason
(09:31):
I brought the Farmer Panel forward from tomorrow to today,
I really wanted to get your take on this Fonterra
vote to sell off the consumer brands, because you were
on Winston Peter's side when it came to this argument.
Good afternoon, Good afternoon, Jamie.
Speaker 7 (09:48):
And I don't know if i'd be comparing myself through
Winston Peter's too often there, but farm are a bit
of looking with a bit of personality.
Speaker 2 (09:56):
But oh that's a shock, mind you. Winston's held no
punches back when it comes to Fonterra. He's getting stuck
into them. He's getting stuck into Miles Hurrell on the
board and their incentive bonuses. And I know you didn't
hear Miles he said that there wasn't any of them.
But he's pulling no punches.
Speaker 7 (10:13):
Yeah. I didn't really like the way Winston threatened with
the environmental changes as well. There was talking about there.
I thought that was a little bit uncaan.
Speaker 1 (10:21):
Yeah.
Speaker 7 (10:21):
Well, I was probably in Winston's vote in one camp
that I was against the sale of the assets, Jamie.
But it looks like I'm a very small minority in
this cohort of eight and a half thousand farmers, aren't we.
So yeah, interesting vote. Good to see that it's done
I'm not sad about it. It's certainly going to be
(10:42):
a good bit of pocket change come back the farm's way,
isn't it.
Speaker 2 (10:44):
Yeah, Well, eighty eight and a half percent of the
farmer voters who voted voted in favor of this. That's
an overwhelming result. Really, it's an outstanding result. And I know,
what are you going to do, am a Pall with
the money that you didn't want?
Speaker 5 (10:59):
Should I give it back?
Speaker 7 (10:59):
Jane?
Speaker 2 (11:00):
There? Wait, you can give it to me if you want.
I'll spend it. I don't think so.
Speaker 7 (11:03):
We'll probably do something boring like playback debt, Jamie. We've
got you know, we've got enough going on here as
it is, and we're young and need to start working
on getting ahead. But I think we were heading off
here and said that you've got to still have some
level of debt in your business too, So I don't know.
Maybe we'll save a little bit for a rainy day
project on the farm as well, And it'll be certainly
(11:24):
interesting to see what farmers do with this money. And
it's it's probably a once in a lifetime opportunity. You'd
say it wouldn't yet, I don't think we'll see this
amount of cash injection into the rural industry. Ever, again
all it's going.
Speaker 2 (11:38):
To lift the New Zealand GDP by zero point seven percent.
This is one hell of an injection for the economy.
Speaker 7 (11:46):
And it's incredible, and their rural services have taken a
beating over the past couple of years. So this sort
of money floating background in rural communities that will certainly
reach a long way. And we also know that a
lot of people in real communities do a lot for
the community as a whole, don't they donating calves and
the IOC fund and that sort of thing. So I
suspect you know that should be help keep those areas
(12:09):
buoyant this year, so that there is good news.
Speaker 2 (12:12):
That's a great idea, Emma, because I'm involved with the
IHC CARF and Rural Scheme. So come on, farmers, you've
had a bit of a windfall. Share of the love.
Make a really good donation to a really great cause,
the IOC CARF and Rural Scheme. I suspect a lot
of it will be used to pay down debt, a
lot of it, A chunk of it will be used
for investment on farm but there's got to be an
(12:34):
element of it, Emma, that will be for private spending.
Speaker 7 (12:39):
But maybe I'll get my haircut, Jamie get a bit
of a juso. I would be more interested to see, though,
what happens with the surplus billion. We've talked about it before,
and I went to the farm and meetings to try
and find out Fonterra was pretty soon and they were
going to be paying that debt. But then I've read
multiple articles since that have said they're going to be
there's going to be capital investment into other areas with
(13:00):
that surplus money. So I'd like to hear them get
their story straight and find out where that money is going,
and hopefully it's to something sensible that will take our
take take us forward into the future.
Speaker 2 (13:12):
Up next on the Country, a woman you know well,
doctor Jaquil and Rowath. I had actually caught up with
her a wee bit earlier this morning because she wasn't
available to do a live slot today, and we made
the assumption or I did, that there would be an
overwhelming yes vote. Interestingly asked her how things are going
in your home province. She said, cold and wet.
Speaker 7 (13:32):
Yeah, yeah, everything is cold and wet. It's starting to
pick up today though it's definitely a bit warmer and
we're sunny, see some spring temperatures, but nothing like those
folks down in South Under Ben facing her. Just my
heart goes out to them and talking to Tim. They've
certainly had their challenges this season, so hopefully they're all
keeping their chin up down there and maybe this vote,
you know it's they're going to need some of it
(13:52):
to turn around and repair some of those pumps and
the likes that have been washed out.
Speaker 1 (13:55):
With all that water.
Speaker 2 (13:56):
Absolutely, so how is Tim getting on. We've got him
on the show tomorrow. But you can let the cat
out of the bag.
Speaker 7 (14:02):
Yeah, you have to make to give him a snorkel
so that he can keep his head abouts ground and
have a proper jet to you. But no, he's doing
well down there and years same as just what I said,
they're all just trying to keep their chin up and
get on with things. And much like he said after cyclone, Gabrielle,
you've the events happened. Now you've just got to turn
around and make a plan and assess the damage and
get on with it.
Speaker 2 (14:22):
Well, he's been on the receiving end of two of
our biggest weather events if you want, of the past
couple of years. He got smacked by Gabrielle or the
what was the Auckland storm before it called.
Speaker 7 (14:34):
The Yeah, I know what you meaning, but I can't remember.
Speaker 2 (14:37):
I can't remember the name either, but the one that
came just before Gabrielle on the home farm there out
on the west Auckland flanks there. So he's got the
wind event in south and we will talk to him tomorrow. Hey,
Emma Paul, thank you very much for your time as always,
and you go and splash some cash around and your
local town.
Speaker 7 (14:56):
I go and get my hair cut Jamie and put
my feet up.
Speaker 2 (14:59):
I don't think your feet up as really, it's not
in your DNA. I don't think. Not only are you
a former Young Farmer of the Year, you've got two
dairy farms and you still are you still practicing as
a vet here and be able.
Speaker 7 (15:11):
I don't know if i'd call myself practicing. Journey.
Speaker 2 (15:14):
You're a very busy woman and we appreciate your time
today on the country. Thanks very much. Okay, there we go,
am My Paul. Isn't she wonderful? Let's see what you're
saying on.
Speaker 6 (15:24):
The UH.
Speaker 2 (15:28):
On the text line still sounds like selling the family's silver,
says Allen and Palme. Unit holders to get far to
get dollars, just not farmers. I don't understand what's that about,
what that one's about. I'll have a read of these
during the break. So what I'm going to do is
take a break, gather my thoughts, go to the text
(15:50):
line and see what you're saying out there. Our text
line is a text number is five double nine. Give
us a call, especially if you're a Fonterra farmer. She
hold it. You're obviously pretty happy with proceedings and we
will pass your thoughts on to the rest of the country.
Listening to the show up next. Earlier this morning I
did catch up with Dr Jacquelin Rowath. She's just back
(16:13):
from Rome where she was representing US at a un
Food and Agriculture conference, so she's got some really interesting observations.
Before the end of the hour. The captain of the
New Zealand dog Troll test team they're competing against the
Aussie set the Ashburton Showgrounds tomorrow and Saturday, and Chris
(16:35):
Russell's our Ossie correspondent, mails she is one of our
leading primary sector academics irregular here on the country, Doctor
Jaquelin Rowath Jacqueline, I haven't spoken to you since you've
(16:57):
been to Rome and back for the United Nations Food
and Agriculture Organization Conference. I'm going to come back to that.
But here in the Deep South we've had some weather
issues or woes that have been well documented in the
Whykattow where you're based. I understand it's been cold and wet.
Speaker 8 (17:15):
It has been, and the maze is going in late
and that of course creates concern amongst farmers about whether
they'll get enough for the winter. So it's you know,
we look at it every day and look at wet,
sloppy grass and think cows need more energy. And we
note that during the winter the PKE consumption was up. Well,
(17:37):
got to keep your cows in good neck because nobody
wants them to be losing body condition score. That's the
focus at the moment, keeping the cows happy. And yes,
poor Old Southland and the whole issues with generators and
trying to circulate them and make sure the cows are milt.
Speaker 2 (17:53):
Jacquelin. I think there's going to be quite a few
generators purchased over the next few weeks and months, and
some that money will come from the Fontira, the sale
of the Fontira consumer brands. It's teen thirty in the morning,
by the way, as we record this interview. Because you're
not available for life, and I'm that confident about the result,
I'm declaring it early, so I'll have egg on my
(18:15):
face if it's gone the other way.
Speaker 6 (18:17):
Now.
Speaker 8 (18:18):
I think farmers are convinced by the figures that have
been shown to them by the clever people employed in Fonterra,
the clever people that we put on the board to
be informed to make the decisions and say that this
release of money, the selling to a company that will
be able to do better than New Zealand or than
(18:38):
from Terracam with the brands, will actually benefit the whole country.
And yes, there might be some generators bought, but you know,
I'm generators aren't you needed very often? And they need
to be big to power the modern dairy shade and
the investigation. You've got an asset sitting there at what
sixty dollars because I'm sure they'll be going up in
(19:01):
price in order to run the shed. How long does
it sit there for before you use it again? How
many of these bad events are we going to get
And of course calculations are being done on that by
clever people at the whatever we call the public research organizations,
the ones that are connected that used to be called
NIWA for instance, or land care. So getting the research done,
(19:26):
how often and therefore what will the investment and the
likely return be. But nobody wants animal welfare issues with
cows in early lactation not being built.
Speaker 2 (19:36):
Absolutely well, maybe buying a generator between three or four
neighboring farms is the option. Well, talk to me about Rome.
You were over at this United Nations conference on Sustainable
Livestock Transformation. Give me the shortened version.
Speaker 8 (19:51):
New Zealand's in a very good position to be able
to assist other people to achieve the change necessary. There
was a lot of talk about increasing food food production
to meet the increased needs of the world because the
world population is growing, and in fact that was the
overarching message the main goal that the goal of the
food production system must be to produce food. Food is
(20:15):
number one. If we can reduce greenhouse gases or environmental
impact on the way of producing food, that is great,
But our primary focus must be feeding people. And we
know that there are an increasing number now of people
that are malnourished, and I'd say undernourished is the big concern,
and can we stop the ones that are overnourished Now,
(20:36):
I'd put it carefully, do a bit of food distribution,
but the focus was making sure that animals are healthy
and ensuring that how do we achieve this anti monicrobial
resistant diseases without borders. All of those were big concerns
at the conference as well.
Speaker 2 (20:56):
Well well done on representing US New Zealand at the
UN conference in Rome. Glad you got back in one piece,
and I hope you get some sunshine and some warmer
weather and the white Gadow lovely.
Speaker 8 (21:07):
Thank you Jomy, And of course I missed talking with.
Speaker 2 (21:10):
You as you would Jacqueline. I really appreciate your time.
It's twenty seven away from one. I just quickly having
a look at the Fonterra co op share price today.
Obviously the market had completely factored in the big overwhelming
yes vote. You haven't caught up on that. One eighty
eight percent or eighty eight and a half percent of
(21:32):
farmers voted to sell the consumer brands business. That's some
of those iconic brands that Winston likes Mainland anchor Carpety.
It's out of madness, it's economic self sabotage, an outrageous
short sighted sugar had said Winston. My goodness, he's in
a grumpy mood at the moment, giving it to poor
old Luso over using eye instead of way. So that
(21:54):
Fonterra share price five dollars ninety three, up two cents
for today, so it hasn't really moved much obviously the
market factor that and I'll have a look at the
shareholder's fund that's the one that you and I can
buy and see what's happened to that one this morning
as well. But up next Michelle's in here with rural
(22:15):
news and we'll have sports news for you as well.
Welcome back to the country. Just had a look during
the break at that Fonterra Shareholder's fund unit price. It's
(22:36):
responded positively, up nineteen cents, trading at eight dollars thirty.
That's the one that you and I can buy. You've
got to be a farmer supplier to trade the co
op shares interesting, So that's up two point three four
percent they I think, and Michelle, they get the two
dollars as well. Right, I'm pretty sure they're entitled to that. Yeah,
(22:58):
I'm sure they are us the price and have gone
up on the sheming, so they get the two dollars.
But I don't think And someone correct me on the
text line five double oh nine if I'm lying, if
I'm wrong on this one, but they didn't get to
vote on the sale that belonged to the farmer shareholders,
and so it should correct me if I'm wrong, please
on five double oh nine. Here's the latest and rural news.
Speaker 1 (23:20):
The country's world news with Cod Cadet, New Zealand's leading
right on lawnlower brand. Visit steel Ford dot Cot dot
Insim for your local stockist.
Speaker 9 (23:30):
And from one success story in New Zealand to another.
In the primary sect is Espury's final chartershipment of the
twenty twenty five ye zilling Kiwi fruit season has departed
the port of Tawarong are bound for Japan. The ship
feder is carrying more than one point four million trays
or more than five thousand tons of zespri green kiw
We fruit, as expected to arrive in Tokyo mid November
(23:50):
before sailing to Kobe Ceo Jason to break says this
year's crop of around two hundred and fifty million trays
or more than seven hundred and seventy one hundred thousand tons,
has been the largest yet and it has been a
huge industry white effort to deliver record volumes to customers
and consumers around the World's a great success story there
from Zesprey and what have you gotten? Sports news Agent
(24:14):
Sports with AFCO.
Speaker 1 (24:16):
Visit them online at AFCO dot co dot NZ.
Speaker 2 (24:18):
Doune, Oh Michelle. Because I've been busy reading farmer feedback,
let me have a look at this unprepared, not pre read,
anything could happen here. A sixth loss and seven football
matches for Liverpool elsted from the League Cup due to
a three nil home defeat Crystal Palace in the fourth round.
Manchester City have advanced to the quarterfinals with a three
(24:39):
to one win at Swansea City, Arsenal beat Brighton two nil,
Newcastle prevailed two nil over Tottenham and Chelsea pipped Wolverhampton
for three A belief is high among the football ferns
that they can produce a result against the United States
and this afternoons friendly and Kansas City kicking off at
(25:00):
one o'clock. The Olympic champions are ranked second in the world,
thirty one spots ahead of New Zealand. That is your
sports news. Up next, Well, this is sport. This is
great sporting theater. The dog Trials. New Zealand is taking
on Australia in a test match starting in Ashburton tomorrow
for the whaler Go Cup. And we're going to chat
(25:22):
to the captain of the All Blacks dog trialing team.
His name is Mark Copeland. It's all on for Man
and Dog tomorrow in Ashburton. In fact, tomorrow and Saturday,
top dogs go head to head as New Zealand hosts
the Trans Tasman Sheep Dog Test Series. They'll be competing
(25:45):
for the whaler Go Cup. The captain of the New
Zealand dog trialing team is from Well, he's not a
mile away from Ashburton, just living outside at Mark Copeland. Mark,
there's four of you with your dogs up against four
Assies and their dogs. Talk me through the competition. Good
afternoon by the way.
Speaker 6 (26:03):
Hi, Jamie, Pleasure to be with you. The A combination
is a dual course with design transcencement purely for the
interaction between our two countries. A bit of these and
a bit of our rules whereby we head and pull
which is the same for both parties, and then we
turned at the casting Pagan carry Australian style, which initially
(26:27):
is a bit awkward for our our dogs and handlers.
To get our minds around it, we got to contain
the sheep within a nine meter half radius. Would it
be behind the side we're in front of you carrying
on the right hand side to the first obstrale and
then it goes to which is the gap, and then
it goes to the New Zealand drive New zeal style
(26:50):
multie cross New Zealand style, second New Zealand drive, and
then onto the bridge which is New Zealand style, then
back to the Australian carry whereby we end up at
the ten penning Australian style.
Speaker 2 (27:03):
Yeah, and it's a hybrid model, so it's fair to
both nations. In a traditional dog trialing sense, mark we would,
of course in New Zealand here have four events, two
hunter ways and two heading dogs. These this trans Tasman test,
the Whale Goo Cup is only for heading dogs. I'm
right in saying that, correct, absolutely correct.
Speaker 6 (27:24):
It'd be nice to see a hundaway thing like this.
I don't know how you do it away from hill country,
but it possibly could be done. But they don't have
the hundred ways like we do over there. They have
a Kelpie version or whatever.
Speaker 2 (27:38):
But yeah, yeah, I think our hunter ways would leave
them for dead. Actually, interestingly, I used to commentate the
dog trials at the Rural Games and Palmerston North and
we had our hunter ways up there doing the job
of a heading dog. It was amazing the control those
guys have over their hunter ways. So in the New
Zealand team, there's you, there's Leo Jacento, Lloyd Smith who
(28:00):
I know he's a legend and dog trialing, and Ben
Miller and the Reserve. Interestingly, he's an old rugby made
of mine. Brian Dickerson a great great Southland man. So
that's a pretty strong team.
Speaker 6 (28:12):
We like to think. So we're backing ourselves, Jamie. We've
done quite a lot of practice in detail. We gathered
a few months ago at home and worksheep for the
weekend and really sort of got to know one another
where we do. But when you're in a team situation
(28:34):
with the dog trials, it's totally different to be an
individual individually competing, we'd like to think we're backing ourselves
to the hill and got every opportunity.
Speaker 2 (28:43):
Well, we're looking forward to following it. Just history wise,
we've been competing for this Trans Tasman and Trans Tasman
Test series since nineteen eighty five. We had the Assies
by twenty one. We've won twenty one of the thirty
seven contests since nineteen eighty five. Interestingly, I think a
couple of years ago or sadly a couple of years ago,
the test was also held in ash Burton at the
(29:06):
show grounds there. It was held in Australia last year,
and our captain from two years ago, tragically is no
longer with us, Neil Evans, just a legend and dog
trialing scene and no doubt you guys will be wanting
to do it for.
Speaker 6 (29:19):
Neil, absolutely absolutely. Our thoughts have long been since then
with Margaret, his wife and their family, and it goes
without saying we are doing it for Neil and so forth.
But also I'd like to add Lloyd earlier this year
lost his wife Lloyd as Linda, Sorry, and that's also
(29:43):
in the back of our minds. It's been hard for
Lord this year. To get back on the bike and
compete at dog tross. But true to himself, as you
said earlier, he's a true legend in every respect. So
with those two people in mind, we go forward.
Speaker 2 (29:59):
We'll go luck over the next couple of days Ashburton Showgrounds.
Get along and watch Mark Copeland, captain of the All
black dog trialing team, or call you that good luck
stick it to the Aussies. Thank you, Jeremy, good on you,
Mark and all the best. Strike some of your feedback
coming in on five double nine. Winston is carrying on
like we've sold the whole company. The outrage will be
(30:21):
forgotten in a week. Contract to supply for the next
ten years is a good safeguard, and who knows where
farming will be in ten years exactly. Here's someone taking
the opposite view, not in agreement with the majority of shareholders.
Time will tell, But I raally wish people would stop
saying there will be a big cash injection into the economy.
If the farmer has a mortgage, and literally every farmer
(30:42):
does according to this text, are they're legally obliged to
pay that money back to the bank. If you don't
believe me, he or she writes, go read the t's
and seas and your mortgage docs. Banks can actually just
take it. Well, maybe they can, but they won't. There
will be some discretion. Obviously, if you're up to your
neck in it with the bank, you whiten't have much discretion.
(31:03):
But I'm sure the banks will be happy to get
some debt repaid, or they might be happy for you
just to spend it how you want. Here's someone else,
I own Fonterra's shares. I can't read that one out.
I should preread these. There's one someone saying I've got Fonterra.
I've got Fonterra shares through shares he's and no, we
(31:25):
didn't get a vote. So yeah, we figured that one out.
You didn't get a vote. The farmers quite right, they
got the vote. They own the company. It's their choice.
They've made their decision. Winston, get on with it. Up next,
Australian correspondent Chris Russell. He's our guy in Australia. Chris
(31:49):
Russell and Chris we have been breaking bread Australia and
New Zealand with Trump.
Speaker 5 (31:55):
Yeah, we have been. And it looks as though you
know our Trump his new best friend says he's a
great bloke. He's doing a great job. Reminds me of
Harold Holts all the way with LBJ, you know, and
so we're all roses at the moment. We've got our
first Virginia class atomic submarine has now come into Sterling
(32:16):
Submarine Base in Perth, which has been rejeeged for the
first time a submarine from America like that has been
fully serviced for six months outside of America. They're going
to be constantly there. We've got one hundred and forty
sailors and officers now serving on Virginia class submarines around
the world learning how to do it. So Orcas has
(32:36):
done and dusted. We've got, of course, the new arrangements
over the rare earth. That's all going to be worth
eight billion dollars a year, and everyone's happy about that.
And no one cares about the ten percent tariffs on
beef because the Americans can't get enough of our beef
and they'll keep buying it and happy to pay the
extra money. So everything is very rasy from that department.
Speaker 2 (32:56):
Jamie, let's talk about meat. Red meat will come to beef, lamb.
I can't believe this, Chris Russell, you're suggesting lamb prices
are likely to hit thirteen dollars fifty per kilogram next
one to that's Aussie dollars. That's about fifteen dollars a kilo. Here,
huge money.
Speaker 5 (33:13):
Well, this is not Chris Russell saying this. This is
Global Trends analyst Simon Quilty saying that he in his
prediction seasonal supply meant that the market is going to
be currently down a bit at the moment, but next
year price you're lucky to go to thirteen dollars fifty akila. Now,
he's not suggesting that sustainable, and he thinks that once
(33:37):
our flock starts to respond to that sort of money,
we'll go back to about nine dollars fifty for twenty
twenty seven and it will be sustainable at that level.
But when you think we've gone, you know, from ten
dollars fifty this year to thirteen dollars fifty next year,
you know that's a massive increase. It's going to be
a lot of people breeding a lot of lambs if
(33:57):
they possibly can for that sort of money.
Speaker 2 (33:59):
Jamie Boads weal for New Zealand sheep farmers to bring
it on you mentioned the sheer volume of beef heading
into the US. It seems Trump and his mates just
can't get enough of our hamburgers or our meat and
their hamburgers.
Speaker 5 (34:12):
Now well, I said, and of course it's not just
about the amount of meat, it's also about the type
of meat. It wouldn't matter if their beef herd was
well up, and of course it's currently I think it's
nineteen fifty eight levels in terms of their total herd.
But even if it was higher that meat, the offcut
meat they use their hamburgers is largely out of feedlots,
(34:33):
which means it's got too high level of fat in it.
So they need our lean, grass fed offcuts and meat
to actually get that to the level they want for
the hamburger meat. So it's just insatiable. It's unbelievable how
much they're taking. Forget about ten percent tariffs, people winging
about Argentina getting a ninety thousand ton permit to send
(34:56):
their Argentina meat in just to drop in the bucket
compared to Australia. They're not even thinking about it here
because we just can't produce enough meat. Kicking up at
at the moment, Jamie.
Speaker 2 (35:05):
Scott Morrison, your former PM, has seen it, and I
think I'm with them on this one. NET zero is
an ideology, not a policy.
Speaker 5 (35:14):
Yes, well, I think I agree with you. I think
it's an aspiration and it's a great aspiration. But as
I've said for a long time, you know, just Darwinian
theory would tell you that those populations that survive are
the ones that adapt, not the ones that change. So
survival of fittest doesn't mean changing the environment to fit us.
That means changing ourselves to fit the environment. And I
(35:37):
think we will get these increases in global temperatures and
ocean temperatures regardless of what we're doing, especially seeing the
biggest contributors to emissions aren't even on board with this.
So we need to really put our exit back into
the basket of adapting. And I think that's the message
that's coming out clearly from some of the more realistic
politicians who are not trying to necessarily suck up to
(35:59):
some sort of client change God at the moment. That's
not to say getting rid of emissions isn't a good thing,
but what it's saying is it's not the sole answer,
and to do it at any cost, and the cost
to Australia is massive in terms of our cost to
our industry costs. We should have the cheapest energy in
the world and we've got some of the dearest energy
in the world, and that's just not sustainable. And so
(36:22):
therefore we've just got to make sure that the ideology
doesn't overwhelm the reality of living and being an economy.
Speaker 2 (36:28):
Jamie, I just want to finish on a good news story.
Agriculture tops the Australian University Students Satisfaction survey. Kids are
happier or young people are happy are doing agriculture than
any other course.
Speaker 5 (36:40):
Yeah. Absolutely. Agriculture and forestry rated a eighty four point
eight percent positive rating for overall education experience months undergraduates.
That's a fantastic result. It's a student experience survey conducted
by an Australian government, a program called Quilt Quality Indicators
for Learning. And now when you look at the positive ratings,
(37:03):
vetinory science was hire as well eighty two point five percent,
dentistry seventy two, engineering seventy one, and it's all the
way down from there, Computing only sixty seven percent. So
agriculture is the most popular there are statistically four jobs
for every graduate in Australia. We all need to encourage
our children and grandchildren to consider that career if that's
(37:25):
what they love. And I do that every day if
I have that opportunity.
Speaker 2 (37:28):
Indeed you do. Chris Russell, thanks for time. Catch you
next week.
Speaker 5 (37:31):
They worries.
Speaker 2 (37:33):
Thanks Chris. Going to finish with a good news story.
Over the last week while for every pack of Prologic
sold a Lanco donated five dollars to meet the need,
enough to provide two meals for Kiwi families doing it tough,
So we challenge VET clinics around New Zealand to get
behind a great cause. And congratulations to Helen Taylor and
the team at Warraa Farm Vets who registered photos of
(37:53):
their in store display at the country dot co dot
in Z. They've won a five thousand dollars in zidme
advertising voucher. Helen, you can spend that on the country
plus a five hundred dollars morning tea shout. Well done
to all those who entered and well done Alanco for
supporting meat the need feeding Kiwi families. Good on you
you farmers out there, You're great. See you tomorrow.
Speaker 1 (38:15):
You catch all the latest from the land. It's the
Country Podcast with Jamie McKay. Thanks to Brent, you're specialist
in John Deere construction equipment.
Catch all the latest from the land. It's The Country
Podcast with Jamie McGue Thanks to Brent. You're specialist in
John Deere machinery.
Speaker 2 (00:18):
When are we coming now?
Speaker 3 (00:20):
I'm gonna I'm going to be the man for you
when I go out. Yeah, I know I'm gonna be
I'm gonna be the man who.
Speaker 2 (00:30):
Goes along with you. Good afternoon, New Zealand. Welcome to
the Country. I'm Jamie mackay. The show is brought to
you by Brent Music. Today from the Proclaimers, five hundred
miles waiting on hold, We've got four billion miles. Miles
Hurral the chief executive of Fonterra. No surprise, A big
fat yes volte to the divestment of the consumer brands business.
(00:52):
We're going to talk to Emma. I was going to say,
Emma Higgins. Let's try Emma Paul a former Young Farmer
of the Year. She was on the other side of
this argument. I think she wanted Fonterra to keep the
consumer brands. Doctor Jack Willn Roweth has been doing great
work for us in Rome, representing US at the UN
Food and Agriculture Conference. Mark Copeland is the Captain of
(01:16):
the New Zealand Dog Troll team. They're going up against
the Aussies and Ashburton tomorrow. And our Australian correspondent Chris
Russell's got some interesting commentary on why net zero is
an ideology not a policy. But let's kick off the
show and welcome on to the show, the chief executive
of Fonterra, Miles Hurrell. No surprise in the outcome of
(01:38):
this vote, Miles Hurrell, and no surprise in the reaction
from Winston Peters. Good afternoon, good eyesnon Jamie.
Speaker 4 (01:46):
Are you a look an overwhelming result that's come through
from a Shielders this morning? And when you say no surprise,
I mean see it. Work's gone to that. What was
he been outly talking to to farmers for a few
months on this now and around your rame of meetings,
shared meetings, webinars and so you know we've clout for
all the questions I've gotten. So the number of eighty
(02:07):
eight percent in support, you know, it gives gives us
the thumbs up.
Speaker 2 (02:11):
Or you're selling yourself short. Eighty eight and a half percent,
they're Miles Hurrel. It's an overwhelming Yes, no surprise, this
will this will put three point two billion dollars into
the New Zealand economy. That's that's how much it is
going back to the farmers shareholders two dollars per share
tax free. This talk of that lifting New Zealand's GDP
(02:31):
by zero point seven percent. This could be a huge
kick in the backside in the right way for our economy.
Speaker 4 (02:38):
Well, as you say, I mean the New zeal economy
has not had them any great shape and so the
royal set is certainly doing the heavy lifting. So you know,
three point two billion dollars by way of tax free
capital term will certainly help. I think, but but least
all loose sight. You know, we sold this business for
four point two billion, so you know there's another sort
of seven hundred to a million by the time you
remove the costs that also go into the new on
(03:00):
the economy. I suspect over time when you start thinking
about these things that will continue to invest in that
support our ongo ingredients and food service business.
Speaker 2 (03:08):
I see Nick Tufley from ASB said there will be
three point two billion going to your eight thousand shareholder
farms in New Zealand. That average is just under four
hundred thousand dollars per farm around sixty percent of shareholding.
Farms could receive at least two hundred thousand. Obviously some
of the bigger ones are going to get quite a
(03:28):
windfall on this one. What is the time frame when
do Fonterra farmers get this money and their hot little hands.
Speaker 4 (03:36):
Yes, I certainly today's shareholder meeting was one of the
big milestones, which obviously pass. Now then we go into
sort of the regulatory peace around the world, and so
each market will a number of markets had their own
regulatory approvals required, and they're coming through sort of as
we speak, on a day by day basis. And then
we need to go through the sort of the separation
(03:56):
and by that I mean physical office separation systems and
those sort of things. So we're still talking calendar year
twenty twenty six. You know, I'd like to think early
part of that calendar year sort of quarter one, quarter two,
But we're going to come out sometime in early December
with a bit of an update as to how that looks.
But certainly in that first half of twenty six is
what I'm aiming for.
Speaker 2 (04:17):
Well, let me just quote Winston Peter's back at you,
Because there's always two sides to an argument he said
very recently on Facebook. Fonterra shareholders have decided to sell
iconic dairy brands Mainland Anchor, Carpety and others to the
French firm Luck to Lease. This is ut of madness,
it's economic self sabotage. It's an outrageous, short sighted sugar hit.
(04:42):
What do you say in your defense?
Speaker 4 (04:44):
Yeah, well, of course, the big question that farmers have
asked right the way through this process, what does the
cop look like long term? And we've always said that
this consumer business is about seven or eight percent of
our milk, so it's important part, but it's not the
biggest chunk of our business. And we're always made the
return to their ingredients in our food service business. And
so you know, painting that long term picture, yes, says
(05:05):
that there's a whole lot of cash that will go
back to our shielders in the short term. But at
the same time, how do we reinvest more of their
capital into projects that offer a greater return. So, you know,
I totally disagree with this, you as you, So it
surprised me quite frankly.
Speaker 2 (05:19):
He's saying luck to lese can begin or to let
me rephrase that, he says Luck to Lise can three
years into the steal decide to terminate the milk supply
to these brands. So he thinks it's short term gain
for long term pain. And also, I don't know whether
you want to go down this track. He's kind of
having a shot at you and the board and your
(05:43):
incentives bonus incentives forgetting the steel through.
Speaker 4 (05:48):
Yeah, well or so, firstly, the milk supply agreement, it's
a ten year deal. I think we're being very clear
in the notice of meeting and all the conversation with farmers.
Their ingredients business is a three year deal with a
three year notice period. But the owners comes back on
us as an organization to say, you know, how we
how do we work with our with our key ingredients
or a key B to B customers, And so you know,
(06:08):
they could take their milk away and buy it from
someone else, but at the same time you so could
necessarily so could others, and it's our job to make
sure that they remain remain with us by treating them respectfully,
treating them as a key ongoing customer of ours. And
of course they're wanting to buy these brands, not just
for the brand, just to the people they wanted to
buy it for the new Zim province. Also, so you know,
(06:30):
I'm confident in the long term position here.
Speaker 2 (06:32):
If I was a fun tear a Farmer shareholder, and
I'm not Miles Hurrah, I'd be pretty pleased with the
way you and Peter McBride are running the show. Instance
saying where will you be in a few years time,
You'll be out of here with your bonus. He's really
having a crack at you.
Speaker 4 (06:47):
Yeah, but we've also been very clear there are no
executive bonuses linked to the sale process, and so you
know we're not even to get entertained that conversation. Who
knows where we'll be continued time here. It's a lot,
It's a long time down the line, but I'm focused.
Speaker 5 (07:00):
On the here now.
Speaker 4 (07:01):
I'm loving the job and loving what I'm doing. And
you know, farmers a supportive of the direction of travel,
as you've seen with an eighty eight and a half
percent vote that came through.
Speaker 2 (07:09):
This morning and overwhelming yes folk, just before I let
you go, Tough times for some of your Farmer's shareholders,
especially in the South Island, Southland, Southwest Otago, Canterbury. How's
the recovery going.
Speaker 4 (07:22):
Yeah, but being really roughly on there for those guys,
no question. I think a couple of days ago we
were just under sort of two hundred farms. I think
that without power. I think last countless mornings around fifty,
so that those numbers are coming down. But even one
farm without power is a disaster for that individual farm.
So we're supporting them the best we can. I think
from what I'm seeing the way that the industries come together,
(07:44):
whether it be the irrigation companies and the third companies
and farm source, all the people come together to try
and support these farmers the best we can.
Speaker 6 (07:52):
But yeah, a rough time, no question.
Speaker 2 (07:54):
Hey Miles Hurrell to you and the team at fon Tira, Congratulations,
this is a good result and it's a good result
for New Zealand Inc. And our economy. Yep, thanks so
muching me here we go the chief executive of Fonterra.
But not everyone agrees with the sale of the consumer
brand's business. I was going to get the Farmer Panel
on today, Tim Dangel and Emma Paul. I think Tim's
(08:16):
dairy farming down in Southland. Now he's got a webit
on his plate. He's probably on the end of a
chainsaw tropic chopping up some trees. I'll get him on
the show tomorrow, but I want to speak to Emma
Paul because by memory and I might be doing her
a disservice. I think she was on the other side
of the argument. Not as vitriolic as Winston is on this,
but she was anti selling the consumer brand's business as
(08:40):
a Fonterra farmer shareholder and supplier. Will get Emma Pool's
take on this after the break. She is the twenty
twenty three FMG Young Farmer of the Year.
Speaker 5 (08:56):
Where.
Speaker 1 (09:04):
The Farmer Panel with the Isuzu Dmax, the kiwiu'te built
off with truck.
Speaker 2 (09:09):
DNA welcome back to the country. Well, the Farmer Panel's
just a one man band really today because I've lost
the other half of the Farmer Panel. Emma Paul as
the twenty twenty three Young Farmer of the Year. She's
in the Waycatto region. Her older brother Tim one not
the year before. He's in Southland. He's busy at the moment.
We'll get a hold of him tomorrow. But the reason
(09:31):
I brought the Farmer Panel forward from tomorrow to today,
I really wanted to get your take on this Fonterra
vote to sell off the consumer brands, because you were
on Winston Peter's side when it came to this argument.
Good afternoon, Good afternoon, Jamie.
Speaker 7 (09:48):
And I don't know if i'd be comparing myself through
Winston Peter's too often there, but farm are a bit
of looking with a bit of personality.
Speaker 2 (09:56):
But oh that's a shock, mind you. Winston's held no
punches back when it comes to Fonterra. He's getting stuck
into them. He's getting stuck into Miles Hurrell on the
board and their incentive bonuses. And I know you didn't
hear Miles he said that there wasn't any of them.
But he's pulling no punches.
Speaker 7 (10:13):
Yeah. I didn't really like the way Winston threatened with
the environmental changes as well. There was talking about there.
I thought that was a little bit uncaan.
Speaker 1 (10:21):
Yeah.
Speaker 7 (10:21):
Well, I was probably in Winston's vote in one camp
that I was against the sale of the assets, Jamie.
But it looks like I'm a very small minority in
this cohort of eight and a half thousand farmers, aren't we.
So yeah, interesting vote. Good to see that it's done
I'm not sad about it. It's certainly going to be
(10:42):
a good bit of pocket change come back the farm's way,
isn't it.
Speaker 2 (10:44):
Yeah, Well, eighty eight and a half percent of the
farmer voters who voted voted in favor of this. That's
an overwhelming result. Really, it's an outstanding result. And I know,
what are you going to do, am a Pall with
the money that you didn't want?
Speaker 5 (10:59):
Should I give it back?
Speaker 7 (10:59):
Jane?
Speaker 2 (11:00):
There? Wait, you can give it to me if you want.
I'll spend it. I don't think so.
Speaker 7 (11:03):
We'll probably do something boring like playback debt, Jamie. We've
got you know, we've got enough going on here as
it is, and we're young and need to start working
on getting ahead. But I think we were heading off
here and said that you've got to still have some
level of debt in your business too, So I don't know.
Maybe we'll save a little bit for a rainy day
project on the farm as well, And it'll be certainly
(11:24):
interesting to see what farmers do with this money. And
it's it's probably a once in a lifetime opportunity. You'd
say it wouldn't yet, I don't think we'll see this
amount of cash injection into the rural industry. Ever, again
all it's going.
Speaker 2 (11:38):
To lift the New Zealand GDP by zero point seven percent.
This is one hell of an injection for the economy.
Speaker 7 (11:46):
And it's incredible, and their rural services have taken a
beating over the past couple of years. So this sort
of money floating background in rural communities that will certainly
reach a long way. And we also know that a
lot of people in real communities do a lot for
the community as a whole, don't they donating calves and
the IOC fund and that sort of thing. So I
suspect you know that should be help keep those areas
(12:09):
buoyant this year, so that there is good news.
Speaker 2 (12:12):
That's a great idea, Emma, because I'm involved with the
IHC CARF and Rural Scheme. So come on, farmers, you've
had a bit of a windfall. Share of the love.
Make a really good donation to a really great cause,
the IOC CARF and Rural Scheme. I suspect a lot
of it will be used to pay down debt, a
lot of it, A chunk of it will be used
for investment on farm but there's got to be an
(12:34):
element of it, Emma, that will be for private spending.
Speaker 7 (12:39):
But maybe I'll get my haircut, Jamie get a bit
of a juso. I would be more interested to see, though,
what happens with the surplus billion. We've talked about it before,
and I went to the farm and meetings to try
and find out Fonterra was pretty soon and they were
going to be paying that debt. But then I've read
multiple articles since that have said they're going to be
there's going to be capital investment into other areas with
(13:00):
that surplus money. So I'd like to hear them get
their story straight and find out where that money is going,
and hopefully it's to something sensible that will take our
take take us forward into the future.
Speaker 2 (13:12):
Up next on the Country, a woman you know well,
doctor Jaquil and Rowath. I had actually caught up with
her a wee bit earlier this morning because she wasn't
available to do a live slot today, and we made
the assumption or I did, that there would be an
overwhelming yes vote. Interestingly asked her how things are going
in your home province. She said, cold and wet.
Speaker 7 (13:32):
Yeah, yeah, everything is cold and wet. It's starting to
pick up today though it's definitely a bit warmer and
we're sunny, see some spring temperatures, but nothing like those
folks down in South Under Ben facing her. Just my
heart goes out to them and talking to Tim. They've
certainly had their challenges this season, so hopefully they're all
keeping their chin up down there and maybe this vote,
you know it's they're going to need some of it
(13:52):
to turn around and repair some of those pumps and
the likes that have been washed out.
Speaker 1 (13:55):
With all that water.
Speaker 2 (13:56):
Absolutely, so how is Tim getting on. We've got him
on the show tomorrow. But you can let the cat
out of the bag.
Speaker 7 (14:02):
Yeah, you have to make to give him a snorkel
so that he can keep his head abouts ground and
have a proper jet to you. But no, he's doing
well down there and years same as just what I said,
they're all just trying to keep their chin up and
get on with things. And much like he said after cyclone, Gabrielle,
you've the events happened. Now you've just got to turn
around and make a plan and assess the damage and
get on with it.
Speaker 2 (14:22):
Well, he's been on the receiving end of two of
our biggest weather events if you want, of the past
couple of years. He got smacked by Gabrielle or the
what was the Auckland storm before it called.
Speaker 7 (14:34):
The Yeah, I know what you meaning, but I can't remember.
Speaker 2 (14:37):
I can't remember the name either, but the one that
came just before Gabrielle on the home farm there out
on the west Auckland flanks there. So he's got the
wind event in south and we will talk to him tomorrow. Hey,
Emma Paul, thank you very much for your time as always,
and you go and splash some cash around and your
local town.
Speaker 7 (14:56):
I go and get my hair cut Jamie and put
my feet up.
Speaker 2 (14:59):
I don't think your feet up as really, it's not
in your DNA. I don't think. Not only are you
a former Young Farmer of the Year, you've got two
dairy farms and you still are you still practicing as
a vet here and be able.
Speaker 7 (15:11):
I don't know if i'd call myself practicing. Journey.
Speaker 2 (15:14):
You're a very busy woman and we appreciate your time
today on the country. Thanks very much. Okay, there we go,
am My Paul. Isn't she wonderful? Let's see what you're
saying on.
Speaker 6 (15:24):
The UH.
Speaker 2 (15:28):
On the text line still sounds like selling the family's silver,
says Allen and Palme. Unit holders to get far to
get dollars, just not farmers. I don't understand what's that about,
what that one's about. I'll have a read of these
during the break. So what I'm going to do is
take a break, gather my thoughts, go to the text
(15:50):
line and see what you're saying out there. Our text
line is a text number is five double nine. Give
us a call, especially if you're a Fonterra farmer. She
hold it. You're obviously pretty happy with proceedings and we
will pass your thoughts on to the rest of the country.
Listening to the show up next. Earlier this morning I
did catch up with Dr Jacquelin Rowath. She's just back
(16:13):
from Rome where she was representing US at a un
Food and Agriculture conference, so she's got some really interesting observations.
Before the end of the hour. The captain of the
New Zealand dog Troll test team they're competing against the
Aussie set the Ashburton Showgrounds tomorrow and Saturday, and Chris
(16:35):
Russell's our Ossie correspondent, mails she is one of our
leading primary sector academics irregular here on the country, Doctor
Jaquelin Rowath Jacqueline, I haven't spoken to you since you've
(16:57):
been to Rome and back for the United Nations Food
and Agriculture Organization Conference. I'm going to come back to that.
But here in the Deep South we've had some weather
issues or woes that have been well documented in the
Whykattow where you're based. I understand it's been cold and wet.
Speaker 8 (17:15):
It has been, and the maze is going in late
and that of course creates concern amongst farmers about whether
they'll get enough for the winter. So it's you know,
we look at it every day and look at wet,
sloppy grass and think cows need more energy. And we
note that during the winter the PKE consumption was up. Well,
(17:37):
got to keep your cows in good neck because nobody
wants them to be losing body condition score. That's the
focus at the moment, keeping the cows happy. And yes,
poor Old Southland and the whole issues with generators and
trying to circulate them and make sure the cows are milt.
Speaker 2 (17:53):
Jacquelin. I think there's going to be quite a few
generators purchased over the next few weeks and months, and
some that money will come from the Fontira, the sale
of the Fontira consumer brands. It's teen thirty in the morning,
by the way, as we record this interview. Because you're
not available for life, and I'm that confident about the result,
I'm declaring it early, so I'll have egg on my
(18:15):
face if it's gone the other way.
Speaker 6 (18:17):
Now.
Speaker 8 (18:18):
I think farmers are convinced by the figures that have
been shown to them by the clever people employed in Fonterra,
the clever people that we put on the board to
be informed to make the decisions and say that this
release of money, the selling to a company that will
be able to do better than New Zealand or than
(18:38):
from Terracam with the brands, will actually benefit the whole country.
And yes, there might be some generators bought, but you know,
I'm generators aren't you needed very often? And they need
to be big to power the modern dairy shade and
the investigation. You've got an asset sitting there at what
sixty dollars because I'm sure they'll be going up in
(19:01):
price in order to run the shed. How long does
it sit there for before you use it again? How
many of these bad events are we going to get
And of course calculations are being done on that by
clever people at the whatever we call the public research organizations,
the ones that are connected that used to be called
NIWA for instance, or land care. So getting the research done,
(19:26):
how often and therefore what will the investment and the
likely return be. But nobody wants animal welfare issues with
cows in early lactation not being built.
Speaker 2 (19:36):
Absolutely well, maybe buying a generator between three or four
neighboring farms is the option. Well, talk to me about Rome.
You were over at this United Nations conference on Sustainable
Livestock Transformation. Give me the shortened version.
Speaker 8 (19:51):
New Zealand's in a very good position to be able
to assist other people to achieve the change necessary. There
was a lot of talk about increasing food food production
to meet the increased needs of the world because the
world population is growing, and in fact that was the
overarching message the main goal that the goal of the
food production system must be to produce food. Food is
(20:15):
number one. If we can reduce greenhouse gases or environmental
impact on the way of producing food, that is great,
But our primary focus must be feeding people. And we
know that there are an increasing number now of people
that are malnourished, and I'd say undernourished is the big concern,
and can we stop the ones that are overnourished Now,
(20:36):
I'd put it carefully, do a bit of food distribution,
but the focus was making sure that animals are healthy
and ensuring that how do we achieve this anti monicrobial
resistant diseases without borders. All of those were big concerns
at the conference as well.
Speaker 2 (20:56):
Well well done on representing US New Zealand at the
UN conference in Rome. Glad you got back in one piece,
and I hope you get some sunshine and some warmer
weather and the white Gadow lovely.
Speaker 8 (21:07):
Thank you Jomy, And of course I missed talking with.
Speaker 2 (21:10):
You as you would Jacqueline. I really appreciate your time.
It's twenty seven away from one. I just quickly having
a look at the Fonterra co op share price today.
Obviously the market had completely factored in the big overwhelming
yes vote. You haven't caught up on that. One eighty
eight percent or eighty eight and a half percent of
(21:32):
farmers voted to sell the consumer brands business. That's some
of those iconic brands that Winston likes Mainland anchor Carpety.
It's out of madness, it's economic self sabotage, an outrageous
short sighted sugar had said Winston. My goodness, he's in
a grumpy mood at the moment, giving it to poor
old Luso over using eye instead of way. So that
(21:54):
Fonterra share price five dollars ninety three, up two cents
for today, so it hasn't really moved much obviously the
market factor that and I'll have a look at the
shareholder's fund that's the one that you and I can
buy and see what's happened to that one this morning
as well. But up next Michelle's in here with rural
(22:15):
news and we'll have sports news for you as well.
Welcome back to the country. Just had a look during
the break at that Fonterra Shareholder's fund unit price. It's
(22:36):
responded positively, up nineteen cents, trading at eight dollars thirty.
That's the one that you and I can buy. You've
got to be a farmer supplier to trade the co
op shares interesting, So that's up two point three four
percent they I think, and Michelle, they get the two
dollars as well. Right, I'm pretty sure they're entitled to that. Yeah,
(22:58):
I'm sure they are us the price and have gone
up on the sheming, so they get the two dollars.
But I don't think And someone correct me on the
text line five double oh nine if I'm lying, if
I'm wrong on this one, but they didn't get to
vote on the sale that belonged to the farmer shareholders,
and so it should correct me if I'm wrong, please
on five double oh nine. Here's the latest and rural news.
Speaker 1 (23:20):
The country's world news with Cod Cadet, New Zealand's leading
right on lawnlower brand. Visit steel Ford dot Cot dot
Insim for your local stockist.
Speaker 9 (23:30):
And from one success story in New Zealand to another.
In the primary sect is Espury's final chartershipment of the
twenty twenty five ye zilling Kiwi fruit season has departed
the port of Tawarong are bound for Japan. The ship
feder is carrying more than one point four million trays
or more than five thousand tons of zespri green kiw
We fruit, as expected to arrive in Tokyo mid November
(23:50):
before sailing to Kobe Ceo Jason to break says this
year's crop of around two hundred and fifty million trays
or more than seven hundred and seventy one hundred thousand tons,
has been the largest yet and it has been a
huge industry white effort to deliver record volumes to customers
and consumers around the World's a great success story there
from Zesprey and what have you gotten? Sports news Agent
(24:14):
Sports with AFCO.
Speaker 1 (24:16):
Visit them online at AFCO dot co dot NZ.
Speaker 2 (24:18):
Doune, Oh Michelle. Because I've been busy reading farmer feedback,
let me have a look at this unprepared, not pre read,
anything could happen here. A sixth loss and seven football
matches for Liverpool elsted from the League Cup due to
a three nil home defeat Crystal Palace in the fourth round.
Manchester City have advanced to the quarterfinals with a three
(24:39):
to one win at Swansea City, Arsenal beat Brighton two nil,
Newcastle prevailed two nil over Tottenham and Chelsea pipped Wolverhampton
for three A belief is high among the football ferns
that they can produce a result against the United States
and this afternoons friendly and Kansas City kicking off at
(25:00):
one o'clock. The Olympic champions are ranked second in the world,
thirty one spots ahead of New Zealand. That is your
sports news. Up next, Well, this is sport. This is
great sporting theater. The dog Trials. New Zealand is taking
on Australia in a test match starting in Ashburton tomorrow
for the whaler Go Cup. And we're going to chat
(25:22):
to the captain of the All Blacks dog trialing team.
His name is Mark Copeland. It's all on for Man
and Dog tomorrow in Ashburton. In fact, tomorrow and Saturday,
top dogs go head to head as New Zealand hosts
the Trans Tasman Sheep Dog Test Series. They'll be competing
(25:45):
for the whaler Go Cup. The captain of the New
Zealand dog trialing team is from Well, he's not a
mile away from Ashburton, just living outside at Mark Copeland. Mark,
there's four of you with your dogs up against four
Assies and their dogs. Talk me through the competition. Good
afternoon by the way.
Speaker 6 (26:03):
Hi, Jamie, Pleasure to be with you. The A combination
is a dual course with design transcencement purely for the
interaction between our two countries. A bit of these and
a bit of our rules whereby we head and pull
which is the same for both parties, and then we
turned at the casting Pagan carry Australian style, which initially
(26:27):
is a bit awkward for our our dogs and handlers.
To get our minds around it, we got to contain
the sheep within a nine meter half radius. Would it
be behind the side we're in front of you carrying
on the right hand side to the first obstrale and
then it goes to which is the gap, and then
it goes to the New Zealand drive New zeal style
(26:50):
multie cross New Zealand style, second New Zealand drive, and
then onto the bridge which is New Zealand style, then
back to the Australian carry whereby we end up at
the ten penning Australian style.
Speaker 2 (27:03):
Yeah, and it's a hybrid model, so it's fair to
both nations. In a traditional dog trialing sense, mark we would,
of course in New Zealand here have four events, two
hunter ways and two heading dogs. These this trans Tasman test,
the Whale Goo Cup is only for heading dogs. I'm
right in saying that, correct, absolutely correct.
Speaker 6 (27:24):
It'd be nice to see a hundaway thing like this.
I don't know how you do it away from hill country,
but it possibly could be done. But they don't have
the hundred ways like we do over there. They have
a Kelpie version or whatever.
Speaker 2 (27:38):
But yeah, yeah, I think our hunter ways would leave
them for dead. Actually, interestingly, I used to commentate the
dog trials at the Rural Games and Palmerston North and
we had our hunter ways up there doing the job
of a heading dog. It was amazing the control those
guys have over their hunter ways. So in the New
Zealand team, there's you, there's Leo Jacento, Lloyd Smith who
(28:00):
I know he's a legend and dog trialing, and Ben
Miller and the Reserve. Interestingly, he's an old rugby made
of mine. Brian Dickerson a great great Southland man. So
that's a pretty strong team.
Speaker 6 (28:12):
We like to think. So we're backing ourselves, Jamie. We've
done quite a lot of practice in detail. We gathered
a few months ago at home and worksheep for the
weekend and really sort of got to know one another
where we do. But when you're in a team situation
(28:34):
with the dog trials, it's totally different to be an
individual individually competing, we'd like to think we're backing ourselves
to the hill and got every opportunity.
Speaker 2 (28:43):
Well, we're looking forward to following it. Just history wise,
we've been competing for this Trans Tasman and Trans Tasman
Test series since nineteen eighty five. We had the Assies
by twenty one. We've won twenty one of the thirty
seven contests since nineteen eighty five. Interestingly, I think a
couple of years ago or sadly a couple of years ago,
the test was also held in ash Burton at the
(29:06):
show grounds there. It was held in Australia last year,
and our captain from two years ago, tragically is no
longer with us, Neil Evans, just a legend and dog
trialing scene and no doubt you guys will be wanting
to do it for.
Speaker 6 (29:19):
Neil, absolutely absolutely. Our thoughts have long been since then
with Margaret, his wife and their family, and it goes
without saying we are doing it for Neil and so forth.
But also I'd like to add Lloyd earlier this year
lost his wife Lloyd as Linda, Sorry, and that's also
(29:43):
in the back of our minds. It's been hard for
Lord this year. To get back on the bike and
compete at dog tross. But true to himself, as you
said earlier, he's a true legend in every respect. So
with those two people in mind, we go forward.
Speaker 2 (29:59):
We'll go luck over the next couple of days Ashburton Showgrounds.
Get along and watch Mark Copeland, captain of the All
black dog trialing team, or call you that good luck
stick it to the Aussies. Thank you, Jeremy, good on you,
Mark and all the best. Strike some of your feedback
coming in on five double nine. Winston is carrying on
like we've sold the whole company. The outrage will be
(30:21):
forgotten in a week. Contract to supply for the next
ten years is a good safeguard, and who knows where
farming will be in ten years exactly. Here's someone taking
the opposite view, not in agreement with the majority of shareholders.
Time will tell, But I raally wish people would stop
saying there will be a big cash injection into the economy.
If the farmer has a mortgage, and literally every farmer
(30:42):
does according to this text, are they're legally obliged to
pay that money back to the bank. If you don't
believe me, he or she writes, go read the t's
and seas and your mortgage docs. Banks can actually just
take it. Well, maybe they can, but they won't. There
will be some discretion. Obviously, if you're up to your
neck in it with the bank, you whiten't have much discretion.
(31:03):
But I'm sure the banks will be happy to get
some debt repaid, or they might be happy for you
just to spend it how you want. Here's someone else,
I own Fonterra's shares. I can't read that one out.
I should preread these. There's one someone saying I've got Fonterra.
I've got Fonterra shares through shares he's and no, we
(31:25):
didn't get a vote. So yeah, we figured that one out.
You didn't get a vote. The farmers quite right, they
got the vote. They own the company. It's their choice.
They've made their decision. Winston, get on with it. Up next,
Australian correspondent Chris Russell. He's our guy in Australia. Chris
(31:49):
Russell and Chris we have been breaking bread Australia and
New Zealand with Trump.
Speaker 5 (31:55):
Yeah, we have been. And it looks as though you
know our Trump his new best friend says he's a
great bloke. He's doing a great job. Reminds me of
Harold Holts all the way with LBJ, you know, and
so we're all roses at the moment. We've got our
first Virginia class atomic submarine has now come into Sterling
(32:16):
Submarine Base in Perth, which has been rejeeged for the
first time a submarine from America like that has been
fully serviced for six months outside of America. They're going
to be constantly there. We've got one hundred and forty
sailors and officers now serving on Virginia class submarines around
the world learning how to do it. So Orcas has
(32:36):
done and dusted. We've got, of course, the new arrangements
over the rare earth. That's all going to be worth
eight billion dollars a year, and everyone's happy about that.
And no one cares about the ten percent tariffs on
beef because the Americans can't get enough of our beef
and they'll keep buying it and happy to pay the
extra money. So everything is very rasy from that department.
Speaker 2 (32:56):
Jamie, let's talk about meat. Red meat will come to beef, lamb.
I can't believe this, Chris Russell, you're suggesting lamb prices
are likely to hit thirteen dollars fifty per kilogram next
one to that's Aussie dollars. That's about fifteen dollars a kilo. Here,
huge money.
Speaker 5 (33:13):
Well, this is not Chris Russell saying this. This is
Global Trends analyst Simon Quilty saying that he in his
prediction seasonal supply meant that the market is going to
be currently down a bit at the moment, but next
year price you're lucky to go to thirteen dollars fifty akila. Now,
he's not suggesting that sustainable, and he thinks that once
(33:37):
our flock starts to respond to that sort of money,
we'll go back to about nine dollars fifty for twenty
twenty seven and it will be sustainable at that level.
But when you think we've gone, you know, from ten
dollars fifty this year to thirteen dollars fifty next year,
you know that's a massive increase. It's going to be
a lot of people breeding a lot of lambs if
(33:57):
they possibly can for that sort of money.
Speaker 2 (33:59):
Jamie Boads weal for New Zealand sheep farmers to bring
it on you mentioned the sheer volume of beef heading
into the US. It seems Trump and his mates just
can't get enough of our hamburgers or our meat and
their hamburgers.
Speaker 5 (34:12):
Now well, I said, and of course it's not just
about the amount of meat, it's also about the type
of meat. It wouldn't matter if their beef herd was
well up, and of course it's currently I think it's
nineteen fifty eight levels in terms of their total herd.
But even if it was higher that meat, the offcut
meat they use their hamburgers is largely out of feedlots,
(34:33):
which means it's got too high level of fat in it.
So they need our lean, grass fed offcuts and meat
to actually get that to the level they want for
the hamburger meat. So it's just insatiable. It's unbelievable how
much they're taking. Forget about ten percent tariffs, people winging
about Argentina getting a ninety thousand ton permit to send
(34:56):
their Argentina meat in just to drop in the bucket
compared to Australia. They're not even thinking about it here
because we just can't produce enough meat. Kicking up at
at the moment, Jamie.
Speaker 2 (35:05):
Scott Morrison, your former PM, has seen it, and I
think I'm with them on this one. NET zero is
an ideology, not a policy.
Speaker 5 (35:14):
Yes, well, I think I agree with you. I think
it's an aspiration and it's a great aspiration. But as
I've said for a long time, you know, just Darwinian
theory would tell you that those populations that survive are
the ones that adapt, not the ones that change. So
survival of fittest doesn't mean changing the environment to fit us.
That means changing ourselves to fit the environment. And I
(35:37):
think we will get these increases in global temperatures and
ocean temperatures regardless of what we're doing, especially seeing the
biggest contributors to emissions aren't even on board with this.
So we need to really put our exit back into
the basket of adapting. And I think that's the message
that's coming out clearly from some of the more realistic
politicians who are not trying to necessarily suck up to
(35:59):
some sort of client change God at the moment. That's
not to say getting rid of emissions isn't a good thing,
but what it's saying is it's not the sole answer,
and to do it at any cost, and the cost
to Australia is massive in terms of our cost to
our industry costs. We should have the cheapest energy in
the world and we've got some of the dearest energy
in the world, and that's just not sustainable. And so
(36:22):
therefore we've just got to make sure that the ideology
doesn't overwhelm the reality of living and being an economy.
Speaker 2 (36:28):
Jamie, I just want to finish on a good news story.
Agriculture tops the Australian University Students Satisfaction survey. Kids are
happier or young people are happy are doing agriculture than
any other course.
Speaker 5 (36:40):
Yeah. Absolutely. Agriculture and forestry rated a eighty four point
eight percent positive rating for overall education experience months undergraduates.
That's a fantastic result. It's a student experience survey conducted
by an Australian government, a program called Quilt Quality Indicators
for Learning. And now when you look at the positive ratings,
(37:03):
vetinory science was hire as well eighty two point five percent,
dentistry seventy two, engineering seventy one, and it's all the
way down from there, Computing only sixty seven percent. So
agriculture is the most popular there are statistically four jobs
for every graduate in Australia. We all need to encourage
our children and grandchildren to consider that career if that's
(37:25):
what they love. And I do that every day if
I have that opportunity.
Speaker 2 (37:28):
Indeed you do. Chris Russell, thanks for time. Catch you
next week.
Speaker 5 (37:31):
They worries.
Speaker 2 (37:33):
Thanks Chris. Going to finish with a good news story.
Over the last week while for every pack of Prologic
sold a Lanco donated five dollars to meet the need,
enough to provide two meals for Kiwi families doing it tough,
So we challenge VET clinics around New Zealand to get
behind a great cause. And congratulations to Helen Taylor and
the team at Warraa Farm Vets who registered photos of
(37:53):
their in store display at the country dot co dot
in Z. They've won a five thousand dollars in zidme
advertising voucher. Helen, you can spend that on the country
plus a five hundred dollars morning tea shout. Well done
to all those who entered and well done Alanco for
supporting meat the need feeding Kiwi families. Good on you
you farmers out there, You're great. See you tomorrow.
Speaker 1 (38:15):
You catch all the latest from the land. It's the
Country Podcast with Jamie McKay. Thanks to Brent, you're specialist
in John Deere construction equipment.
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