February 18, 2025 • 38 mins
Jamie Mackay talks to Wayne Langford, Christopher Luxon, Emma Higgins, Andrew Murray, and Rick Ladd.
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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 starkest of the
leading agriculture brands.
Speaker 2 (00:14):
Yes Caninie Zealand.
Speaker 3 (00:34):
Welcome to the Country. Apologies for the music Michelle picked it.
This is Brothers theme today. Hanson, Bob my goodness appalling anyhow,
that's the bad news. The good news is the latest
farmer confidence survey. We are going to kick off. We'll
hang on his hands. We're going to kick off the
(00:55):
show with Wayne Langford. He's about the generation to have
grown up listening to Hanson, was he? I'll ask him
an attack President of Federated Farmers good news story this
morning when that was release. We're going to catch up
with Christopher Luxe and I caught up with them a
wee bit earlier this morning. Winston wants out of the
Paris climb at accord and so does and Seymour thinks
(01:17):
we're eventually going to get out of it. What is
the Prime Minister think? And of course there is this
beef and lamb in New Zealand, Barbecue and agg proud barbecue,
fashioned crime, Emma Higgins out of Rabobank, Andrew Murray from Fonterra,
good GDT auction result and Rick lad my favorite correspondent
from brent is based up in Gisbon. It's the East
(01:37):
Coast Farming Expo there today. Let's welcome on to the country.
Kick it off with Wayne Langford, President of Federated Farmers
and Yolo. Your latest farmer confidence surveys. Pretty good news.
Good afternoon.
Speaker 4 (01:48):
Yeah, so Jamie, a good way wake up this morning
and a good result. We've put a lot of work
into what we call restoring farming confidence over the last
eight eight months and we're starting to see the initial
signs of that coming through.
Speaker 3 (02:02):
Was this survey conducted before or after the announcements around emissions?
Speaker 4 (02:09):
Yeah, this one. This one came after that, so there
may be some fly on effect for there. I think
the government will admit the way they did that announcement
was wrong and it certainly added a lot of confusion
to another farmer's plates, that's for sure.
Speaker 3 (02:23):
Well, what's the feedback you're getting from farmers on the
ground about the Paris Climate accord.
Speaker 4 (02:29):
Certainly our Meet and Wall Council, you know, particularly our
sheep farmers are certainly upset with it. I've literally just
come out of an hour long session with what it
was two hours actually we had our first hour with
Blame mcnehme from agrizero, and then we had our second
hour with Minister Watts, which our Meat and Will Council,
our elected members from across the country rarely challenged them
(02:51):
both on where they're going, what the direction of travel was,
and most of all are you or are you not
planting all our farmland and pine trees and so so
from some really solid questions. That's really proud of it
of the men ladies that ask the questions.
Speaker 3 (03:05):
Well, Minster Watts has gone as low as he can
with the new targets for twenty thirty five. But I mean,
let's take it back a step. The twenty thirty targets
aren't realistic. We're not going to hurt them.
Speaker 4 (03:18):
So yeah, so the domestic targets we can have, but yeah,
the twenty two target is definitely not achievable, you know,
and so but moving the targets to where they are
now he thinks of his productions of the twenty thirty
five targets will be achievable. So that's certainly what it
was just feeding back to the members. He was saying
that that we're on target to achieve the new targets
(03:40):
through the work that we're doing already and the work
that will possibly come into the future.
Speaker 3 (03:46):
If it isn't that crystal ball gozing. They're making a
lot of assumptions there around things like methane inhibitors and
vaccines and all that.
Speaker 4 (03:54):
That's right, but I guess you can't put that kind
of investment into those sort of things without without the
potential of them coming up. We can't be spending a
lot of money trying to create them, and they're not
accounting for them along the other end. So, yes, those
results will rely on some of those things coming through
and what they'll look like, and whether or not farmers
will want to use them, and whether or not our
(04:15):
consumers wantment. That's a whole other question. But in terms
of budgeting out to the future, yes, there are some
assumptions that they'll be used as well.
Speaker 3 (04:22):
Okay, let's have a look at some of the key
numbers around you twice yearly survey, because from July twenty
twenty four when it was last taken, you've had a
surge from a deeply deeply negative minus sixty six to
a net positive score of two percent in terms of
general economic conditions what farmers think of them. This marks
(04:42):
the largest one off improvements since that question was introduced
in twenty sixteen. And while all this is wonderful, this
surge and positivity, we're only just in the positive, which
is a bit of a worry considering you know, the
planets are aligning pretty well for farming at the moment.
Speaker 4 (05:00):
Well, that's probably why I started with saying, hey, this
is a great result, and it's great to see the
mentality changing there slightly, but we're still with some work
to do, and you're right, we're only I'm obviously a
dairy farmer. I'm coming off the back of quite a
tight payout last year, and we're only just receiving the
milk check for this year now, and beef farmers are
(05:21):
just bringing in and our lamb prices are only just
starting to lift as well, so we're at the start
of it, you know. And my grandfather always said, you know,
don't spend the milk check until you've got it, and
we haven't quite got it, which means, you know, the
confidence isn't fully there, but it is certainly swinging, and
it's certainly recognizing some of the changes I think that
are going on out they.
Speaker 3 (05:38):
Okay, so there was a sharp lift and profitability, but
once again the rider on that one is fifty four
percent of farmers, So just over half of farmers are
now reporting making a profit. That means nearly half the
farmers in the country still aren't making a profit.
Speaker 4 (05:55):
Yeah, and again I think that's reflecting on where we're
coming from the massive agricultural inflation that we've seen and
what will and what will progress over over the next
year as the higher market prices come in. So so
I'm having to see improvement when we go to our
next serve again and hopefully, you know, more and more
farmers into profit and getting back to making money like
(06:17):
they should be.
Speaker 3 (06:18):
And I'm reading from the magnificent Federated Farmer's press release.
My god, you've got a good press team there, Yolo.
Interest rates and banking issues have consistently been a top
concern for farmers, which is why I Federated Farmers fought
so hard for the banking inquiry. Now, did you have
something on that this morning?
Speaker 4 (06:37):
Yeah? Yeah, Richard McIntyre spokesed this and on that are
presented to the to the Select Committee this morning. So
you know, there's a year's worth of work there gone
into forty five minutes to represent our farmers there, and
you know he did really well. I've certainly got our
points across and some of the challenges that we're facing.
And while you know, we may be talking about half
(06:57):
a percent or a point here and a point there,
that's a massive difference in terms of our farmer of
budgets and overall profitability, and so we're pushing for everything
we can get and it'll be really interesting we see
whether that committee ends.
Speaker 5 (07:11):
Up at the end of the day.
Speaker 3 (07:12):
Now, I'm going to try and ask Andrew Murray this
one later on. Is Fonterra's new chief financial officer. I'm
not sure whether he's in a position to comment on
this one, but the low emissions incentive payments from Fonterra
announced yesterday all bet on a pretty small scale. Do
you think you'll qualify for any of them?
Speaker 4 (07:32):
Well, I'm a low input, low production farmer, so my
efficiency isn't overly high. So long story short, no, no,
I won't, So tell.
Speaker 3 (07:42):
Me what sort of farmer would qualify.
Speaker 4 (07:45):
Typically a farmer without a lot of inputs, you knowing,
probably a lower input type farmer, yeah, with higher heactea production,
so typically you know, the irrigated top farmer with a
high high cal production. Yeah. I think we'll be where
it'll land up, but I haven't seen the full figures
to see where it that'll sit.
Speaker 3 (08:05):
And do you remember Hanson the Three Brothers?
Speaker 5 (08:08):
I do?
Speaker 4 (08:08):
That was my Yeah, that was one of those.
Speaker 3 (08:11):
Was that one of your fae? Was that one of
your favorite songs at.
Speaker 4 (08:14):
My high school disco? I thank you? I think how
I remember that one?
Speaker 3 (08:17):
Yeah, I wouldn't admit that if I was you anyhow, Hey,
good to have you on. And you guys at Federated
Farmers keep up the good job going into bat for farmers.
We appreciate it.
Speaker 4 (08:31):
Yeah, I appreciate Tom. Thanks Jamie.
Speaker 3 (08:32):
There we go Wayne Length the president of Federated Farmers,
and bopping along to him bob By Hanson. Wonder what's
happened to Hanson at his school disco? It is sixteen
after twelve year with the country. Earlier this morning I
caught up with Prime Minister Christopher Luxe and we talked
about as Beth and Lamb, barbecue, fashion crime, but more
(08:56):
importantly Onceton once out of the Paris Accord. What is
Luxeon or what is the Prime Minister? Should I say?
To be more respectful think about that, and David Seymour
made some really interesting comments on it as well before
the end of the hour. Emma Higgins from Ravo Bank,
Andrew Murray from Fonterra and our guy on the ground
(09:16):
in Wairoa where the East Coast farming expose up and underway,
Rick lad I love that name. Wednesdays on the Country,
(09:43):
Christopher Luxe and Prime Minister joins us will come back
to the fashion crime, but I want to start with
one of the good stories of the day, the Federated
Farmer's confidence serve a prime minister as a government, you've
got this.
Speaker 5 (09:54):
One right, Yeah. Look, I'm really proud of the progress
we're making in the agricultural sector. I've always said it's
going to power us out of the recession and it's
our most important set there and that's why we've got
to back it and we've got to be all in
and so you know, look, there's no doubt about it, Jamie.
It's leen been a really tough you know, fourteen months
and you know, in this last week, while economically and
(10:15):
to see agriculture coming through the way it is. But
we're actually also starting to see manufacturing activities grand for
the first time in two years, services activities grand for
the first time in a year. We've got tourism up
twelve percent. Now you know, we're hoping to get our
fourth rate cup today obviously, you know, but we've got
some good jobs growth actually happening in November December, So
you know, I explain it to people, it's a bit
(10:36):
like you know, when you pull on a lawmark and
nothing's happening, and then all of a sudden it sort
of splusters a burston and dies and it splutters, and
all of a sudden you pull again, and the flywheel
kicks in and away you go. And you know, that's
what we're trying to get to at that point where
we're just on that march into good, consistent, steady growth,
which I think you know, by all the forecasts of
the economists are expecting the economy this year to get
(10:57):
up to two percent and plus, which is good. So
there's more to do. There's a lot to do to
keep the economy moving and growing. It's so important. That's
what puts money in people's back pome. But the profitability
improving all that good stuff, which is great.
Speaker 3 (11:09):
Yep, okay, so that is going to be helped this
afternoon by a fifty basis point cut in the ocr
But I wonder whether the advent of Trump has dampened
or Trump is them around the world, has dampened the
prospects of further interest rate cuts. What do you think?
I know it's not your job to comment, but throw
us a bone.
Speaker 5 (11:28):
Look, I don't I don't know. Surely, it's a challenging
global environment for sure, and you know we expect some
turbulance along the way. But look, bottom line, we are
now on a track where we expect, you know, interest
rates continue to be falling over the course of the year.
I mean one of the economists I saw, Brad Olsen
infor Metrics, you know, a really good guy. But yeah,
he was saying so by the end of the year,
(11:48):
just on the interest rate cuts alone, there's an extra
forty five million dollars a week slashing around. The consumers
will actually have zealands. We have to spend in the economy,
and so you know, when they're spending in the economy,
that drives more growth in a way we kind of go, so,
you know, just getting those interest rates down, and I
think we're honest to stay marchdown, which is important.
Speaker 3 (12:05):
Winston wants us out of the Paris climate the court. Interestingly,
David Seymour and I thought this was a really interesting commed.
He said he thinks at some stage in the future
the cost of being in will be greater than the
punishment for leaving.
Speaker 5 (12:19):
Well, I mean, as you and I spoke the other day,
I appreciate it was a bit of commentary in the
rural sector. It I think it was misunderstood was that
we are going hard on economic growth and it is
in our national interests to be in Paris, and we're
going to always put Keeys first and we'll make sure
every decision is in our interests. But what we're not
going to do is what the previous government do was doing,
(12:41):
which was punishing our farmers. I want agriculture pumping, I
want the economy growing. As I said, I'm not going
to risk that. So you know, we have made a
commitment to twenty thirty five, which actually, as I said,
is good because it brings it back our international plnos
back in line with our domestic commitments.
Speaker 3 (12:57):
But can we afford that commitment? Prime Minister twenty four
billion dollars? How are you going to pay for that?
Speaker 5 (13:04):
How are you what are you justifying that?
Speaker 3 (13:05):
Well, no, it isn't it going to cost us twenty
four billion dollars? Correct me if I'm wrong to meet
those targets.
Speaker 5 (13:12):
Well, know, what we're saying is we're not going to
put We're not going to send billions of dollars overseas
to to do credits or any of that sort of stuff.
We're going to make sure that we're doing everything we
can to make sure we're aligned on our domestic goals.
Speaker 3 (13:26):
So what's that plant country and pine trees? Is it?
Speaker 6 (13:28):
No?
Speaker 5 (13:29):
No, No, we're not going to do that either. As
you say, we've already come out very strongly with you know,
saying we're not going to have whole farm conversions, and
we've been pretty tough on making sure we push back
on pines. I don't think people have appreciated it in
the agriculture sector. But you know what we're saying is
all of our cabinets agreed to say, Look, it's the
New Zealand's national interests at this time withdrawing from and
ripping up international agreements means we wouldn't be a trusted
partner on trade. It means that those countries overseas would
(13:50):
make sure that they would substitute a New Zealand product
with European product, and that means that we're going to
be poorer. And when the sector drives ten thousand dollars
every man, woman and child, we aren't going to put
growth at risk. Growth as paramount, growth as primary and
I will continue to revisit make sure everything's in our
national interest. But at this time that's exactly the right
thing to do. And as you've seen, it's relatively you know,
(14:13):
a minimal commitment as we go out to twenty thirty five.
But the important thing is there's a lions the international
goals of what we're on track to do here at home,
and we want maximum growth. But we can actually do both,
and we can do it but primary grow. It to
our national interests to do so we're going to continue
to focus on that.
Speaker 3 (14:29):
Hey, I've got a rich history of being involved in
clothing controversies with National Party prime ministers. There was the
gay red top and now there's the beef and lamb
barbecue fashion crime, and it shows you how out of
touch I am with fashion these days, Prime Minister, I
didn't even notice your fashion crime when I was talking
to you at the barbecue.
Speaker 5 (14:50):
Well, I came out of Parliament and my suit and tie.
I came into your barbecue to promote LAMB and which
I just think is fantastic, and I'm just so admiring
of the sector and everything they do and what's been
a pretty tough time. And and someone throw me your
LAMB Day T shirt, so I put it on over
the top of my suits and tie and then gave
a bit of a you know, I pumped up. I
(15:11):
want to make a very strong statement about what I'm
supporting the sector, but the big issues of the day
of being August and you know, apparently that's a startorial
blunder and fashions.
Speaker 3 (15:18):
Okay, I'm defending you slightly here because it was quite chilly.
I ended up having to put another layer on at
the barbecue. But did you not think for a moment
to take your jacket off and put the T shirt
over the over your shirt?
Speaker 5 (15:29):
Even well, as you know, I was coming out of
Parliament and I was having to go straight back in.
But again, so I didn't really have time to do
all that, but I do not care, Jamie. I will
do anything and everything about our farmers and the fact
that that incident gets talked about. That's all good for
our lamb sector. And as I said, we are the
best lamb producers.
Speaker 4 (15:48):
In the world.
Speaker 5 (15:48):
It's a good product and every and everyone in the
world deserves to have a go at getting their lips
and laughing gear around some lamb.
Speaker 3 (15:55):
Yeah, and well done to beef and lamb New Zealand
and NAG proud to putting on a wonderful day. It
was very it was very good. Even the Greens turned up.
That's not a bad aff.
Speaker 5 (16:03):
I called the diplomatic incident with the Greens. When you
came up on the plane, did you spilled water or
something on one of the members of the party.
Speaker 3 (16:09):
No, no, I spelled, I spelled wine. I was reading
my woman's magazine, the New Zealand Woman's Weekly, and I
spilt wine on a local Green MP, Scott Willis. I apologized, Scott, Yeah,
but anyhow, it wasn't a diplomatic incident. It was a mistake.
He was very generous as we mopped it up.
Speaker 5 (16:25):
What a renaissance meant you are. I'm reading the Woman's
Weekly while you're flying with a sharder name, you know,
engaging with Green members. I mean it's quite something.
Speaker 3 (16:34):
I'm a bit rough around the end. Hey, I'm a
bit rough around the edges, Prime Minister. I did tell
you that I also sneaked a wee pea behind the
bushes and Parliament grounds because no one would give us
access to the toilet. So there you go. That's what
you get with a broken down Southland sheep farmer with
the stake.
Speaker 5 (16:49):
You next time, See you later, all right, take care
of a great day.
Speaker 3 (16:54):
Yeah, the Prime Minister a week but earlier this morning,
Michelle shaking ahead about having a pea in Parliament grounds.
That was the only option available to me. Michelle, and
you said to me, you passed me a note you
said you can't say gay red top. All I'm doing
is quoting the Prime Minister of the day.
Speaker 7 (17:09):
I was a little shocked you did say twenty twelve
was it.
Speaker 3 (17:11):
Was twenty twelve. It was a different time at different place,
mind you. I have been I have been watching reruns
of the UK Office. Ricky Gervais, my absolute favorite comedian,
the best comedian on the planet and along with Faulty Towers,
the greatest comedy series ever. There was only twelve episodes
of each, and my goodness, some of the politically incorrect
(17:35):
stuff they did. Because this was early two thousands. Go back.
It's on TV and Z plus. Folks, it's free for anyone.
Go and have a look at the the reruns of
the Office. Quite brilliant, but very very very politically incorrect.
Up next to Emma Higgins at a Rabobank Emma Higgins
(18:05):
is a senior Rabobank Egg analyst. In fact, I think
she's the most senior of all agg analysts Rabobank. What
a title that is, Emma. I'm going to chat chat
to Andrew Murray shortly from Fonterra about last night's GDT auction.
I reckon it was a good, good result, even though
it was down slightly. I want to hear your take
on it. Good afternoon, Hi, Jamie.
Speaker 6 (18:24):
Yeah, look, I think it was a good result too,
good news for farmers. So yes, we did see a
small softening in the GDT index. And you know when
we look at the powder complex, which is really important
for our New Zealand farmers because of the farm gate
milk price. We saw a decline come through for skim
milk powder, so a decline of two point five percent. Look,
it could have been worse based on where the futures
(18:46):
were pointing towards things. But I think you know, in
terms of the prices, uist dollars twenty seven hundred and
fifty four bucks will take that. I think the big
winner really was homemark powder and butter powder prices saw
a small decline in the index, and the average price
is still sitting about that US four thousand bucks a
(19:08):
ton mark, which is great news. And really I think
their lead story here, Jamie, really comes down to the
butter price. So a lift of over two percent on
an index basis, we're now looking at an average price
of US seven thousand, three hundred and seventy eight bucks,
which by my calculations is actually a new record. Bodes
(19:28):
well for farm gate milk prices. Not so good maybe
for butter lovers in the supermarket shelves, not.
Speaker 3 (19:34):
To mention the cheese lovers. Talk to me about where
Rabobank's sitting with this forecast milk price. Have you hit
the ten dollar mark yet, Emma, uh no, we have
a come on stop dragging the chain.
Speaker 6 (19:47):
Look, I knew you were going to ask me about
this too, because look, as you know, Jamie, we forecast
on a quarterly basis. So last time when we popped
out our forecast, we were sitting above the current price
that Fonterra were forecasting. Obviously the markets moved upwards since then.
It's a combination of effect of you know, demand is
improving in most regions, but also there's some challenges on
(20:08):
the supply side, particularly out of the United States. But
ultimately we are in the process of refecasting. Now we'll
have that out in the next week or so. But
I think this auction result still bodes well for Fonterra's
current ten bucks and if anything, the latest dynamics over
the last couple of actions probably point to slightly more
(20:29):
upside than that.
Speaker 3 (20:29):
Well, I can't wait for your eleven dollars price, Emma
when you announce it. You've just released also at rabobank,
and this is probably no surprise a report saying that
New Zealand is the lowest cost producer of milk in
the world.
Speaker 6 (20:45):
Yeah, we are based on our calculation. So what we
did was we undertook a bit of an exercise to
try and compere production costs on a l like for
like basis. It was no mean feat or no easy feat,
sorry Jamie. What we did was we tried to take
the local production costs from all the various data sources
and make them in a standardized way so that we
(21:06):
could unpack it. And you know, ultimately what happened based
on our calculations is that most regions in the exporting
world have actually seen costs lift across the course of
twenty twenty one, in particular through to now. A lot
of that, as we know, is a similar story that
our New Zealand's farmers have been facing. Were pandemic issues,
(21:27):
costs of living issues, et cetera. But the long on
the short of it is our New Zealand kir We
farmers here have come out in top place that you
can say that in terms of having the lowest milk
production costs, we've been neck and neck with Australia for
the last several years, but we've just pit them at
the post based on our twenty twenty four data by
a couple of cents. So we'll take that. But I
(21:50):
think there's some real lessons in here. Jamie. It's the
fact that on a beverage basis, we've got the ability
on our production systems to strip out costs in response
to price volatility. In some of our counterparts in other
production systems, particularly in the Northern Hemisphere, don't necessarily have
that lever to pull, and that's been most helpful in
(22:10):
this analysis and.
Speaker 3 (22:12):
Our further good news a China is the most expensive
as the highest cost milk producer, so we're sending plenty
over there. That bodes well for us as well. Can
I just finish on another positive story, because we're full
of positives and farming at the moment after the farmer
confidence survey from Federated Farmers today, Emma, and that is
red meat. We know that beefs go in great guns
(22:33):
at the moment record prices. But the surprise story in
a lot of ways this year or this farming season
has been laym. It continues to hang in there.
Speaker 6 (22:42):
Hey, look, it does continue to hang in there, and
by goodness, we'll absolutely take that right because our sheep
farmers could really use it. Look, I think in terms
of what's happening up there, we're still seeing that broad
based demand story take place in terms of our secondary
market providing real optionality for exporter. In addition to that,
we are slightly seeing some more positive signals come out
(23:04):
of China. I think if we take a step back, Jamie,
the rhydmic complex is in a much better shape for
twenty twenty five. And if we think about our beef
farmers and also a dairy farmers right because it's a coproduct,
those signals bode well in terms of the supply side,
at least coming out of the United States or the
fact that they don't have a lot of extra supply.
(23:25):
So good news and long way that lasts for twenty
twenty five.
Speaker 3 (23:28):
On that positive note, we'll leave you, Emma Higgins, always
good to chat on the country.
Speaker 6 (23:33):
Thanks Jamie.
Speaker 3 (23:37):
Thanks Emma, twenty five away from one. See you're tough
on Luxon out there on the farms and businesses of
New Zealand. Our time for this is some of your
feedback time for Luxe and to fly back to the
woke world of Air New Zealand. He just demonstrated he
has no idea what a joke net zero and the
(23:57):
pair of supporters saying it's in our national interest twelve
times in an interview doesn't make it a fact. Calling
twenty four billion a minimal commitment sounds ja cinder like,
says one farmer another one. It's been said that Luxon
is a John Key tribute band playing Jasinda a durn hitz.
I don't mind that. Actually that's not bad by Kriiki.
(24:20):
He's boring, inauthentic. Even the laugh is nerdy. Thank god,
he'll be gone in twelve months. I reckon, you're being
tough on him and on the government here, folks, because
look at the alternative. He wants some more of Jasinda's
greatest hits. Anyhow, it's all subjective, isn't it. Up next
to the Latest and Rural News with Michelle and I,
(24:41):
we'll have a look at sports news for you. Before
the end of the hour, out of Fonterra Andrew Murray
and we're going to go to the East Coast Farming
Expo and Wairaha. Welcome back to the country. It's brought
to you by Bratt. My name's Jamie McKay. Shortly Michelle
will be in with the latest in rural news and
I'll have a look at sports news for you as well.
(25:03):
Maybe even the Halbergs Rowena, though, has been doing God's
work when it comes to internal parasites and drench resistance,
which are serious threats to livestock production here in New Zealand.
She's teamed up with Beef and Lamb New Zealand for
a new four part podcast series looking at the key
aspects of their livestock internal parasite program. The second episode
(25:25):
is now live on the country's podcast feed and it
Rowse joined by Wormwise program manager Jenny Didanski and if
you haven't heard of Wormwise, you really need to listen
to this podcast. Wormwise keeps farmers up to date with
the latest knowledge and techniques to manage worms effectively and sustainably,
plus minimized drench resistance issues. It also aims to lift
(25:47):
productivity and the welfare of livestock. Ginny, as we all know,
is super passionate about her work and this episode is
a great listen. You'll have to take my word for that. One.
The podcast called Insights on Power Sites and as I've mentioned,
you'll find it on the Country's podcast stream or wherever
you get your podcasts, plus the links up on our
(26:08):
Facebook page.
Speaker 7 (26:10):
Right now.
Speaker 1 (26:11):
A lot of the country's world us with culd cadets
New Zealand's leading right on lawn bower bread. Visit steel
for dot co, dot NZI for your local stockist.
Speaker 3 (26:20):
Okay, Michelle, what are you got for? Us?
Speaker 7 (26:23):
AG Research is working on developing a mouth swab that
farmers can use to identify whether the animals are low
or high methane admitters. The technology would have farmers swabbing
their animals and sending the swaves to a lab from
which they would receive both genomic and methane profiles. AG
researchers doctor Susan Row has said, speaking an open day
at Palmer's new methane research facility on at Saint Kildaf
(26:45):
Farm northeast of topor Roe, said they had learned that
low methane animals tend to have a slightly different digestive
profile than higher emitting animals, and New Zealand's multi talented farmers,
many of whom are also mechanics, may soon be able
to legally fix their broken or deathamage farm vehicles if
a new bill is successful. The Consumer Guarantees Right to
Repair Amendment Bill will have its first reading in the
(27:06):
House today. The bill would require manufacturers to provide information
like manuals and access to parts with the products they sell. Currently,
consumers are bound by warranties which would become void if
work was carried out by independent repairers.
Speaker 3 (27:19):
And the funny thing about that story is it was
drafted by Green parties. Ricardo Mendez March there's as much
use as an ashtray on a motorbike himself. Yeah, I'm
not sure about this one, because I suppose if you're
a qualified mechanic you can get under the hood of
these new vehicles. But I don't blame the machinery dealers
if the farm has been tinkering under the hood and
(27:40):
something's gone wrong and then they go, well, you know,
warranty is null and void. But at least the Greens
are trying. At least the Greens are trying.
Speaker 1 (27:49):
Sport with an Avco Kiwi to the bone.
Speaker 3 (27:52):
Since nineteen oh four, high jump our Hamish Kur is
no guaranteed to leap at the World Indoor Athletics Champs
and Nanjing next month. The Olympic gold medalist and Halberg
Sportsman of the Year from last night says he hasn't
actually qualified and isn't sure if he will attend and
the All Blacks will play thirteen tests and other full
calendar for them in twenty twenty five with the confirmation
(28:14):
of their end of year tour schedule starting in Chicago
against Ireland. It's effectively a Grand Slam tour. Did you
watch them the Halberg's last night?
Speaker 7 (28:24):
No, I just saw the highlights of it.
Speaker 3 (28:25):
Yeah, I think they got it right. I mean Dame
Lydia Coe ahead of Dame Lisa Carrington, the two outstanding performers.
Monsieur Elise Andrews is wonderful as well. I just don't
know about the MCS, to be perfectly honest.
Speaker 7 (28:36):
Yeah, I wasn't interested in that because normally they picked
someone more from the sporting realm. And yeah, Pennygower is
an interest.
Speaker 3 (28:42):
Laura mc goldrick's good and very professional, but Paddy Gower
made it a wee bit too much about Paddy. It's
not about the MCS or presenters. It's about the athletes.
Up next to Andrew Murray out of Fonterra. That's just
continuing on from Emma Higgins. Yes, the good news story
(29:04):
the Global Dairy Trade auction. I want to get the
take of Andrew Murray Fonterra is new or relatively new.
CFO Andrew, we haven't chatted before, because if we had,
I would remember that wonderful Scottish liltch you've got.
Speaker 8 (29:16):
How long you've been in New Zealand for Ah, thanks Jemy,
I both. It must be just over six months in
the country. No, yeah, so finding my feet finally, I
think now.
Speaker 3 (29:25):
I wanted to talk about Fonterra's incentives for lower mission's milk,
and I realized this is not quite in your wheelhouse.
But I just want to ask you before we get
some GDT commentary from you. Is this, as one farmer
said to me on yesterday's show, is this a bit
of greenwashing from the likes of Mars and Nesle.
Speaker 8 (29:46):
Oh, look, I think I mean greenwashing is a very
serious word to throw our own. I think to be
very specific, I mean, these are commercial agreements and we
have very specific, separate contracts with these customers to provide
them with the lowest carbon milk. So this is very specific.
It is separate. It's not just buying any bag of
(30:06):
milk poder. It is a separate contract. It actually creates
extra value. So this is additional value that we wouldn't
be getting otherwise to provide vals and Nestlie with the
lowest carbon milk. So it's absolutely a solid commercial agreement.
Speaker 3 (30:21):
Okay, is this the beginning of a bigger picture here,
because we're looking, you know, like the one to five
cents per kilogram as less than half a percent on
a ten dollar payout, and half your farmers are going
to qualify for that, But only about three hundred of
your farmer's suppliers will qualify for the ten to twenty
five cents. That's only like three percent of your farms.
(30:45):
So this is very small scale, small beginnings. Put it
that way.
Speaker 8 (30:49):
Yeah, and I think that's the key part, right, this
is about giving the lowest carbon milk, and so obviously
then it is a smaller proportion, but this is important
if you good our strategy. You know, sustainability is a
key part of the strategy for us going forward, and
these strategic customer relationships are incredibly valuable. So this is
extra value that's created on top of you know, milk
(31:11):
price and earnings. This is extra value that comes through.
And so as we continue to develop those relationships with
our customers, we would expect that we would you know,
can we do more of this?
Speaker 5 (31:20):
I would hope we can.
Speaker 3 (31:22):
Now I'd love to ask you which sort of farmers
would qualify, but I realized that you're that you're the CFO.
This is not on your whalehouse. It's a conversation perhaps
with Miles Harrell. Look, I want to move on to
the GDT auction down zero point six percent, better than
the futures market was predicting. Andrew, I put it to you,
this was a good result.
Speaker 8 (31:41):
Yes, I think we're quite comfortable with actually with how
the result came through. You know, good, good demands still
coming through. We saw China come back after you know,
Chinese New Year period for you know, the last sort
of a couple of weeks, but really still seeing good
demand out of Southeast Asia and the Middle East as well.
So yeah, I agree, I think it was a good result.
And you know, we've had good supply here. You know
(32:03):
New Zealand supply in particularly is up, even a Seria
supply up as well. So we've had good supply. The
demand is holding and that's a good place for us
to be in.
Speaker 3 (32:12):
Will that supply hold though North Island's getting very dry?
Speaker 8 (32:16):
Yeah, it is a expect probably that will continue maybe
into sort of mid March, I think, is the thinking.
But we'll still be up, so, you know, certainly up
on last season, so you look at that.
Speaker 5 (32:27):
I think.
Speaker 8 (32:27):
The other side of this, of course is that you know,
the US and Europe, you know they're not they're not
growing too much a minutes kind of flat if you
look at it from a production standpoint. China domestic production
is down as well, so you know, it's it's good
from the demand stide in terms of it. You know,
puts a bit of before under that price, I think.
But yeah, we may tail off a little bit I
(32:49):
think from here, but but ultimately it's it's up on
last year and that extra supply is good for.
Speaker 3 (32:54):
US buds well for an eleven dollar payout. Andrew, are
you going to call that first on to the beddest
box on the show with me? Come on, Andrew, make
a name for yourself.
Speaker 5 (33:02):
I think I'm pretty sure.
Speaker 8 (33:03):
We've got to tend on milk rays.
Speaker 5 (33:05):
Yeah.
Speaker 8 (33:06):
Look, but we're pretty comfortable with the range. And of
course you know we've got a good owning's profile this
year as well, so it's a good return from a
farmer perspective in terms of good milk lace steel owning
and that's an eight pieces division.
Speaker 3 (33:21):
Yeah, ten bucks will take it. Andrew Murray Ponterra CFO,
thanks for your.
Speaker 8 (33:24):
Time, Thanks Deemy.
Speaker 3 (33:27):
Thanks Andrew nin Away from one you're with the Country
brought to you by Brent. We're going to chat to
Rick lad from Brent up next on the Countries on
the ground at the East Coast Farming Expo. Jure you're
getting into Luxon. We talked about the text that has
been said that Luxon is a John Key tribute band
playing to cinder Adaran Hitz. I think that's quite clever.
By the way, here's another one, the t MoU version
(33:49):
of John Key. There's another one getting around, and here's
one in support of Ricardo Mendes March, who I said
was as useful as an ashtray on a motorbike. I'm
sticking with that too. He has a text to he said.
Riccardo can be a bit surprising. He actually supported farmers
when we jumped up and down about wall versus synthetic
carpets and the school's debate, unlike Luxon, who stated at
(34:10):
the time it was up to the taxpayer which product
was used instead of a decisive statement. So there's a
vote for Riccardo Mendez March on the country. Who would
have thought up next? Rick lad have we? It is
(34:32):
six away from one wrapping the country heading to Wairah,
Day one of two at the East Coast Farming Expo.
Rick Ladd, I love that name as the director of
sales or director of sales for egg for Branda naming
sponsors here on the country. Huge connection with that area.
He's Gisban based. And Rick, you were sent me an
email this morning say you're calling for an eleven dollar payout.
(34:55):
It's got that feel about it. I threw that. I
threw that at Andrew Murray from Fonterry didn't really buy it.
Speaker 9 (35:03):
Bring it on mate, Well last week folk, Cami, I
think we're throwing around ten bucks. So I thought we'll
keep the trend going and next time we speak to
what the eleven So I figured I was through that
isn't there now.
Speaker 3 (35:12):
It's been a tough gig, farm machinery or farm supply
full stop on the past few years because farmers have
really had to tighten their belt. But things are going
to be better. There's a lot of catch up to
be done, especially when it comes to machinery.
Speaker 5 (35:25):
Yeah, no, there is, mate.
Speaker 9 (35:26):
Hey, obviously when we last spoke, things are a figure,
pretty tough, but it's made me more. What's been twelve weeks,
you know, it's maybe what twelve weeks does in these industries.
And there's a lot of confidence around, mate, and it's
bloody good to see. Helps our Susan gets out there,
get everything gain and yeah long made continue mate, it's
awesome to see and it's really for us as a brand.
This is really how we compliment that. Now what do
(35:48):
farmers need?
Speaker 5 (35:48):
Really? What do they need from us?
Speaker 3 (35:50):
Well? Decent machinery, green machinery in your case, look at
the Farming Expo or the East Coast Farming Expo. I
understand it's aimed at sheep and beef. Are you getting
genuine inquiry today?
Speaker 6 (36:03):
Yeah?
Speaker 5 (36:03):
There is.
Speaker 9 (36:03):
There's good numbers off not long pulled up and just
had a quick walk Brown. It's it's great to see there, Argus,
is a lot of cars in the parking, Mate, there's
you know, old and new exhibitors are back. It's good
to see and you know the wild you know, the
community has been beaten up, mate, and it's they hate
to say this. I'm sick of the word, but the
word resilience comes to mind around here, and they just
keep tuning up. So it's yeah, it's good to see
(36:25):
there's great numbers. They get good, well known, nationally respective
speakers that come into and yeah, it's good to see
people getting behind his regional shows.
Speaker 3 (36:33):
Yeah. As I said, two day event, it really kicks
off the in a lot of ways, the field days
sort of season for us. Who are some of the
high high profile speakers.
Speaker 9 (36:42):
You've got the you know, yeah, I see I see
down here on the list, We've got Andrew Hoyt. These
back He's he's familiar face from even many of us,
were said farmers And yeah, so Jacquelyne's been here at
the past. I'm not too sure she's back here this year.
So yeah, those are just some of the names that
they have head here in the past. So I just
need to get you to listen to you now.
Speaker 3 (37:00):
Yeah, okay, Rick, lad and just before we let you go,
what's what's hot to trot on your on your brand
stand at the East Coast Farming Expo.
Speaker 9 (37:08):
Yeah, well, hey, without getting to a head myself too much,
we've got the five oh nine O them, So that's
going to be he's going to We've got a few
lads of stock at the moment that we're looking. We're
going to put a bit of interestus on those through
the through Central District field days as well and also
up in Northland. So yeah, make yourself known. We're we're
going to put some pretty packages together. The Faux five
nine five. It's in the wording. There might be some
(37:30):
finance packages around in that figure, so have it think
about it. It's just a little dig on a model,
but I'll let let people turn up and come find out.
Speaker 3 (37:38):
Well. Good on you for fronting up at the East
Coast Farming Expo just down the road from your hometown
of Gisbon there, Rick, are always good to catch up
on the country and good luck at Northland and Central
District's field days coming up. Thanks for your time. Good
a chat there, he goes Rick. Lad I'll refrain from
saying what I always say after his name. I love it. Hey,
we'll catch you back tomorrow. Thanks for listening.
Speaker 1 (38:03):
Catch all the latest from the Land It's the Country
Podcast with Jamie McKay. Thanks to Brent, your specialist in
John Deere Machinery
Catch all the latest from the land. It's the Country
Podcast with Jamie McGue thanks to Brent starkest of the
leading agriculture brands.
Speaker 2 (00:14):
Yes Caninie Zealand.
Speaker 3 (00:34):
Welcome to the Country. Apologies for the music Michelle picked it.
This is Brothers theme today. Hanson, Bob my goodness appalling anyhow,
that's the bad news. The good news is the latest
farmer confidence survey. We are going to kick off. We'll
hang on his hands. We're going to kick off the
(00:55):
show with Wayne Langford. He's about the generation to have
grown up listening to Hanson, was he? I'll ask him
an attack President of Federated Farmers good news story this
morning when that was release. We're going to catch up
with Christopher Luxe and I caught up with them a
wee bit earlier this morning. Winston wants out of the
Paris climb at accord and so does and Seymour thinks
(01:17):
we're eventually going to get out of it. What is
the Prime Minister think? And of course there is this
beef and lamb in New Zealand, Barbecue and agg proud barbecue,
fashioned crime, Emma Higgins out of Rabobank, Andrew Murray from Fonterra,
good GDT auction result and Rick lad my favorite correspondent
from brent is based up in Gisbon. It's the East
(01:37):
Coast Farming Expo there today. Let's welcome on to the country.
Kick it off with Wayne Langford, President of Federated Farmers
and Yolo. Your latest farmer confidence surveys. Pretty good news.
Good afternoon.
Speaker 4 (01:48):
Yeah, so Jamie, a good way wake up this morning
and a good result. We've put a lot of work
into what we call restoring farming confidence over the last
eight eight months and we're starting to see the initial
signs of that coming through.
Speaker 3 (02:02):
Was this survey conducted before or after the announcements around emissions?
Speaker 4 (02:09):
Yeah, this one. This one came after that, so there
may be some fly on effect for there. I think
the government will admit the way they did that announcement
was wrong and it certainly added a lot of confusion
to another farmer's plates, that's for sure.
Speaker 3 (02:23):
Well, what's the feedback you're getting from farmers on the
ground about the Paris Climate accord.
Speaker 4 (02:29):
Certainly our Meet and Wall Council, you know, particularly our
sheep farmers are certainly upset with it. I've literally just
come out of an hour long session with what it
was two hours actually we had our first hour with
Blame mcnehme from agrizero, and then we had our second
hour with Minister Watts, which our Meat and Will Council,
our elected members from across the country rarely challenged them
(02:51):
both on where they're going, what the direction of travel was,
and most of all are you or are you not
planting all our farmland and pine trees and so so
from some really solid questions. That's really proud of it
of the men ladies that ask the questions.
Speaker 3 (03:05):
Well, Minster Watts has gone as low as he can
with the new targets for twenty thirty five. But I mean,
let's take it back a step. The twenty thirty targets
aren't realistic. We're not going to hurt them.
Speaker 4 (03:18):
So yeah, so the domestic targets we can have, but yeah,
the twenty two target is definitely not achievable, you know,
and so but moving the targets to where they are
now he thinks of his productions of the twenty thirty
five targets will be achievable. So that's certainly what it
was just feeding back to the members. He was saying
that that we're on target to achieve the new targets
(03:40):
through the work that we're doing already and the work
that will possibly come into the future.
Speaker 3 (03:46):
If it isn't that crystal ball gozing. They're making a
lot of assumptions there around things like methane inhibitors and
vaccines and all that.
Speaker 4 (03:54):
That's right, but I guess you can't put that kind
of investment into those sort of things without without the
potential of them coming up. We can't be spending a
lot of money trying to create them, and they're not
accounting for them along the other end. So, yes, those
results will rely on some of those things coming through
and what they'll look like, and whether or not farmers
will want to use them, and whether or not our
(04:15):
consumers wantment. That's a whole other question. But in terms
of budgeting out to the future, yes, there are some
assumptions that they'll be used as well.
Speaker 3 (04:22):
Okay, let's have a look at some of the key
numbers around you twice yearly survey, because from July twenty
twenty four when it was last taken, you've had a
surge from a deeply deeply negative minus sixty six to
a net positive score of two percent in terms of
general economic conditions what farmers think of them. This marks
(04:42):
the largest one off improvements since that question was introduced
in twenty sixteen. And while all this is wonderful, this
surge and positivity, we're only just in the positive, which
is a bit of a worry considering you know, the
planets are aligning pretty well for farming at the moment.
Speaker 4 (05:00):
Well, that's probably why I started with saying, hey, this
is a great result, and it's great to see the
mentality changing there slightly, but we're still with some work
to do, and you're right, we're only I'm obviously a
dairy farmer. I'm coming off the back of quite a
tight payout last year, and we're only just receiving the
milk check for this year now, and beef farmers are
(05:21):
just bringing in and our lamb prices are only just
starting to lift as well, so we're at the start
of it, you know. And my grandfather always said, you know,
don't spend the milk check until you've got it, and
we haven't quite got it, which means, you know, the
confidence isn't fully there, but it is certainly swinging, and
it's certainly recognizing some of the changes I think that
are going on out they.
Speaker 3 (05:38):
Okay, so there was a sharp lift and profitability, but
once again the rider on that one is fifty four
percent of farmers, So just over half of farmers are
now reporting making a profit. That means nearly half the
farmers in the country still aren't making a profit.
Speaker 4 (05:55):
Yeah, and again I think that's reflecting on where we're
coming from the massive agricultural inflation that we've seen and
what will and what will progress over over the next
year as the higher market prices come in. So so
I'm having to see improvement when we go to our
next serve again and hopefully, you know, more and more
farmers into profit and getting back to making money like
(06:17):
they should be.
Speaker 3 (06:18):
And I'm reading from the magnificent Federated Farmer's press release.
My god, you've got a good press team there, Yolo.
Interest rates and banking issues have consistently been a top
concern for farmers, which is why I Federated Farmers fought
so hard for the banking inquiry. Now, did you have
something on that this morning?
Speaker 4 (06:37):
Yeah? Yeah, Richard McIntyre spokesed this and on that are
presented to the to the Select Committee this morning. So
you know, there's a year's worth of work there gone
into forty five minutes to represent our farmers there, and
you know he did really well. I've certainly got our
points across and some of the challenges that we're facing.
And while you know, we may be talking about half
(06:57):
a percent or a point here and a point there,
that's a massive difference in terms of our farmer of
budgets and overall profitability, and so we're pushing for everything
we can get and it'll be really interesting we see
whether that committee ends.
Speaker 5 (07:11):
Up at the end of the day.
Speaker 3 (07:12):
Now, I'm going to try and ask Andrew Murray this
one later on. Is Fonterra's new chief financial officer. I'm
not sure whether he's in a position to comment on
this one, but the low emissions incentive payments from Fonterra
announced yesterday all bet on a pretty small scale. Do
you think you'll qualify for any of them?
Speaker 4 (07:32):
Well, I'm a low input, low production farmer, so my
efficiency isn't overly high. So long story short, no, no,
I won't, So tell.
Speaker 3 (07:42):
Me what sort of farmer would qualify.
Speaker 4 (07:45):
Typically a farmer without a lot of inputs, you knowing,
probably a lower input type farmer, yeah, with higher heactea production,
so typically you know, the irrigated top farmer with a
high high cal production. Yeah. I think we'll be where
it'll land up, but I haven't seen the full figures
to see where it that'll sit.
Speaker 3 (08:05):
And do you remember Hanson the Three Brothers?
Speaker 5 (08:08):
I do?
Speaker 4 (08:08):
That was my Yeah, that was one of those.
Speaker 3 (08:11):
Was that one of your fae? Was that one of
your favorite songs at.
Speaker 4 (08:14):
My high school disco? I thank you? I think how
I remember that one?
Speaker 3 (08:17):
Yeah, I wouldn't admit that if I was you anyhow, Hey,
good to have you on. And you guys at Federated
Farmers keep up the good job going into bat for farmers.
We appreciate it.
Speaker 4 (08:31):
Yeah, I appreciate Tom. Thanks Jamie.
Speaker 3 (08:32):
There we go Wayne Length the president of Federated Farmers,
and bopping along to him bob By Hanson. Wonder what's
happened to Hanson at his school disco? It is sixteen
after twelve year with the country. Earlier this morning I
caught up with Prime Minister Christopher Luxe and we talked
about as Beth and Lamb, barbecue, fashion crime, but more
(08:56):
importantly Onceton once out of the Paris Accord. What is
Luxeon or what is the Prime Minister? Should I say?
To be more respectful think about that, and David Seymour
made some really interesting comments on it as well before
the end of the hour. Emma Higgins from Ravo Bank,
Andrew Murray from Fonterra and our guy on the ground
(09:16):
in Wairoa where the East Coast farming expose up and underway,
Rick lad I love that name. Wednesdays on the Country,
(09:43):
Christopher Luxe and Prime Minister joins us will come back
to the fashion crime, but I want to start with
one of the good stories of the day, the Federated
Farmer's confidence serve a prime minister as a government, you've
got this.
Speaker 5 (09:54):
One right, Yeah. Look, I'm really proud of the progress
we're making in the agricultural sector. I've always said it's
going to power us out of the recession and it's
our most important set there and that's why we've got
to back it and we've got to be all in
and so you know, look, there's no doubt about it, Jamie.
It's leen been a really tough you know, fourteen months
and you know, in this last week, while economically and
(10:15):
to see agriculture coming through the way it is. But
we're actually also starting to see manufacturing activities grand for
the first time in two years, services activities grand for
the first time in a year. We've got tourism up
twelve percent. Now you know, we're hoping to get our
fourth rate cup today obviously, you know, but we've got
some good jobs growth actually happening in November December, So
you know, I explain it to people, it's a bit
(10:36):
like you know, when you pull on a lawmark and
nothing's happening, and then all of a sudden it sort
of splusters a burston and dies and it splutters, and
all of a sudden you pull again, and the flywheel
kicks in and away you go. And you know, that's
what we're trying to get to at that point where
we're just on that march into good, consistent, steady growth,
which I think you know, by all the forecasts of
the economists are expecting the economy this year to get
(10:57):
up to two percent and plus, which is good. So
there's more to do. There's a lot to do to
keep the economy moving and growing. It's so important. That's
what puts money in people's back pome. But the profitability
improving all that good stuff, which is great.
Speaker 3 (11:09):
Yep, okay, so that is going to be helped this
afternoon by a fifty basis point cut in the ocr
But I wonder whether the advent of Trump has dampened
or Trump is them around the world, has dampened the
prospects of further interest rate cuts. What do you think?
I know it's not your job to comment, but throw
us a bone.
Speaker 5 (11:28):
Look, I don't I don't know. Surely, it's a challenging
global environment for sure, and you know we expect some
turbulance along the way. But look, bottom line, we are
now on a track where we expect, you know, interest
rates continue to be falling over the course of the year.
I mean one of the economists I saw, Brad Olsen
infor Metrics, you know, a really good guy. But yeah,
he was saying so by the end of the year,
(11:48):
just on the interest rate cuts alone, there's an extra
forty five million dollars a week slashing around. The consumers
will actually have zealands. We have to spend in the economy,
and so you know, when they're spending in the economy,
that drives more growth in a way we kind of go, so,
you know, just getting those interest rates down, and I
think we're honest to stay marchdown, which is important.
Speaker 3 (12:05):
Winston wants us out of the Paris climate the court. Interestingly,
David Seymour and I thought this was a really interesting commed.
He said he thinks at some stage in the future
the cost of being in will be greater than the
punishment for leaving.
Speaker 5 (12:19):
Well, I mean, as you and I spoke the other day,
I appreciate it was a bit of commentary in the
rural sector. It I think it was misunderstood was that
we are going hard on economic growth and it is
in our national interests to be in Paris, and we're
going to always put Keeys first and we'll make sure
every decision is in our interests. But what we're not
going to do is what the previous government do was doing,
(12:41):
which was punishing our farmers. I want agriculture pumping, I
want the economy growing. As I said, I'm not going
to risk that. So you know, we have made a
commitment to twenty thirty five, which actually, as I said,
is good because it brings it back our international plnos
back in line with our domestic commitments.
Speaker 3 (12:57):
But can we afford that commitment? Prime Minister twenty four
billion dollars? How are you going to pay for that?
Speaker 5 (13:04):
How are you what are you justifying that?
Speaker 3 (13:05):
Well, no, it isn't it going to cost us twenty
four billion dollars? Correct me if I'm wrong to meet
those targets.
Speaker 5 (13:12):
Well, know, what we're saying is we're not going to
put We're not going to send billions of dollars overseas
to to do credits or any of that sort of stuff.
We're going to make sure that we're doing everything we
can to make sure we're aligned on our domestic goals.
Speaker 3 (13:26):
So what's that plant country and pine trees? Is it?
Speaker 6 (13:28):
No?
Speaker 5 (13:29):
No, No, we're not going to do that either. As
you say, we've already come out very strongly with you know,
saying we're not going to have whole farm conversions, and
we've been pretty tough on making sure we push back
on pines. I don't think people have appreciated it in
the agriculture sector. But you know what we're saying is
all of our cabinets agreed to say, Look, it's the
New Zealand's national interests at this time withdrawing from and
ripping up international agreements means we wouldn't be a trusted
partner on trade. It means that those countries overseas would
(13:50):
make sure that they would substitute a New Zealand product
with European product, and that means that we're going to
be poorer. And when the sector drives ten thousand dollars
every man, woman and child, we aren't going to put
growth at risk. Growth as paramount, growth as primary and
I will continue to revisit make sure everything's in our
national interest. But at this time that's exactly the right
thing to do. And as you've seen, it's relatively you know,
(14:13):
a minimal commitment as we go out to twenty thirty five.
But the important thing is there's a lions the international
goals of what we're on track to do here at home,
and we want maximum growth. But we can actually do both,
and we can do it but primary grow. It to
our national interests to do so we're going to continue
to focus on that.
Speaker 3 (14:29):
Hey, I've got a rich history of being involved in
clothing controversies with National Party prime ministers. There was the
gay red top and now there's the beef and lamb
barbecue fashion crime, and it shows you how out of
touch I am with fashion these days, Prime Minister, I
didn't even notice your fashion crime when I was talking
to you at the barbecue.
Speaker 5 (14:50):
Well, I came out of Parliament and my suit and tie.
I came into your barbecue to promote LAMB and which
I just think is fantastic, and I'm just so admiring
of the sector and everything they do and what's been
a pretty tough time. And and someone throw me your
LAMB Day T shirt, so I put it on over
the top of my suits and tie and then gave
a bit of a you know, I pumped up. I
(15:11):
want to make a very strong statement about what I'm
supporting the sector, but the big issues of the day
of being August and you know, apparently that's a startorial
blunder and fashions.
Speaker 3 (15:18):
Okay, I'm defending you slightly here because it was quite chilly.
I ended up having to put another layer on at
the barbecue. But did you not think for a moment
to take your jacket off and put the T shirt
over the over your shirt?
Speaker 5 (15:29):
Even well, as you know, I was coming out of
Parliament and I was having to go straight back in.
But again, so I didn't really have time to do
all that, but I do not care, Jamie. I will
do anything and everything about our farmers and the fact
that that incident gets talked about. That's all good for
our lamb sector. And as I said, we are the
best lamb producers.
Speaker 4 (15:48):
In the world.
Speaker 5 (15:48):
It's a good product and every and everyone in the
world deserves to have a go at getting their lips
and laughing gear around some lamb.
Speaker 3 (15:55):
Yeah, and well done to beef and lamb New Zealand
and NAG proud to putting on a wonderful day. It
was very it was very good. Even the Greens turned up.
That's not a bad aff.
Speaker 5 (16:03):
I called the diplomatic incident with the Greens. When you
came up on the plane, did you spilled water or
something on one of the members of the party.
Speaker 3 (16:09):
No, no, I spelled, I spelled wine. I was reading
my woman's magazine, the New Zealand Woman's Weekly, and I
spilt wine on a local Green MP, Scott Willis. I apologized, Scott, Yeah,
but anyhow, it wasn't a diplomatic incident. It was a mistake.
He was very generous as we mopped it up.
Speaker 5 (16:25):
What a renaissance meant you are. I'm reading the Woman's
Weekly while you're flying with a sharder name, you know,
engaging with Green members. I mean it's quite something.
Speaker 3 (16:34):
I'm a bit rough around the end. Hey, I'm a
bit rough around the edges, Prime Minister. I did tell
you that I also sneaked a wee pea behind the
bushes and Parliament grounds because no one would give us
access to the toilet. So there you go. That's what
you get with a broken down Southland sheep farmer with
the stake.
Speaker 5 (16:49):
You next time, See you later, all right, take care
of a great day.
Speaker 3 (16:54):
Yeah, the Prime Minister a week but earlier this morning,
Michelle shaking ahead about having a pea in Parliament grounds.
That was the only option available to me. Michelle, and
you said to me, you passed me a note you
said you can't say gay red top. All I'm doing
is quoting the Prime Minister of the day.
Speaker 7 (17:09):
I was a little shocked you did say twenty twelve
was it.
Speaker 3 (17:11):
Was twenty twelve. It was a different time at different place,
mind you. I have been I have been watching reruns
of the UK Office. Ricky Gervais, my absolute favorite comedian,
the best comedian on the planet and along with Faulty Towers,
the greatest comedy series ever. There was only twelve episodes
of each, and my goodness, some of the politically incorrect
(17:35):
stuff they did. Because this was early two thousands. Go back.
It's on TV and Z plus. Folks, it's free for anyone.
Go and have a look at the the reruns of
the Office. Quite brilliant, but very very very politically incorrect.
Up next to Emma Higgins at a Rabobank Emma Higgins
(18:05):
is a senior Rabobank Egg analyst. In fact, I think
she's the most senior of all agg analysts Rabobank. What
a title that is, Emma. I'm going to chat chat
to Andrew Murray shortly from Fonterra about last night's GDT auction.
I reckon it was a good, good result, even though
it was down slightly. I want to hear your take
on it. Good afternoon, Hi, Jamie.
Speaker 6 (18:24):
Yeah, look, I think it was a good result too,
good news for farmers. So yes, we did see a
small softening in the GDT index. And you know when
we look at the powder complex, which is really important
for our New Zealand farmers because of the farm gate
milk price. We saw a decline come through for skim
milk powder, so a decline of two point five percent. Look,
it could have been worse based on where the futures
(18:46):
were pointing towards things. But I think you know, in
terms of the prices, uist dollars twenty seven hundred and
fifty four bucks will take that. I think the big
winner really was homemark powder and butter powder prices saw
a small decline in the index, and the average price
is still sitting about that US four thousand bucks a
(19:08):
ton mark, which is great news. And really I think
their lead story here, Jamie, really comes down to the
butter price. So a lift of over two percent on
an index basis, we're now looking at an average price
of US seven thousand, three hundred and seventy eight bucks,
which by my calculations is actually a new record. Bodes
(19:28):
well for farm gate milk prices. Not so good maybe
for butter lovers in the supermarket shelves, not.
Speaker 3 (19:34):
To mention the cheese lovers. Talk to me about where
Rabobank's sitting with this forecast milk price. Have you hit
the ten dollar mark yet, Emma, uh no, we have
a come on stop dragging the chain.
Speaker 6 (19:47):
Look, I knew you were going to ask me about
this too, because look, as you know, Jamie, we forecast
on a quarterly basis. So last time when we popped
out our forecast, we were sitting above the current price
that Fonterra were forecasting. Obviously the markets moved upwards since then.
It's a combination of effect of you know, demand is
improving in most regions, but also there's some challenges on
(20:08):
the supply side, particularly out of the United States. But
ultimately we are in the process of refecasting. Now we'll
have that out in the next week or so. But
I think this auction result still bodes well for Fonterra's
current ten bucks and if anything, the latest dynamics over
the last couple of actions probably point to slightly more
(20:29):
upside than that.
Speaker 3 (20:29):
Well, I can't wait for your eleven dollars price, Emma
when you announce it. You've just released also at rabobank,
and this is probably no surprise a report saying that
New Zealand is the lowest cost producer of milk in
the world.
Speaker 6 (20:45):
Yeah, we are based on our calculation. So what we
did was we undertook a bit of an exercise to
try and compere production costs on a l like for
like basis. It was no mean feat or no easy feat,
sorry Jamie. What we did was we tried to take
the local production costs from all the various data sources
and make them in a standardized way so that we
(21:06):
could unpack it. And you know, ultimately what happened based
on our calculations is that most regions in the exporting
world have actually seen costs lift across the course of
twenty twenty one, in particular through to now. A lot
of that, as we know, is a similar story that
our New Zealand's farmers have been facing. Were pandemic issues,
(21:27):
costs of living issues, et cetera. But the long on
the short of it is our New Zealand kir We
farmers here have come out in top place that you
can say that in terms of having the lowest milk
production costs, we've been neck and neck with Australia for
the last several years, but we've just pit them at
the post based on our twenty twenty four data by
a couple of cents. So we'll take that. But I
(21:50):
think there's some real lessons in here. Jamie. It's the
fact that on a beverage basis, we've got the ability
on our production systems to strip out costs in response
to price volatility. In some of our counterparts in other
production systems, particularly in the Northern Hemisphere, don't necessarily have
that lever to pull, and that's been most helpful in
(22:10):
this analysis and.
Speaker 3 (22:12):
Our further good news a China is the most expensive
as the highest cost milk producer, so we're sending plenty
over there. That bodes well for us as well. Can
I just finish on another positive story, because we're full
of positives and farming at the moment after the farmer
confidence survey from Federated Farmers today, Emma, and that is
red meat. We know that beefs go in great guns
(22:33):
at the moment record prices. But the surprise story in
a lot of ways this year or this farming season
has been laym. It continues to hang in there.
Speaker 6 (22:42):
Hey, look, it does continue to hang in there, and
by goodness, we'll absolutely take that right because our sheep
farmers could really use it. Look, I think in terms
of what's happening up there, we're still seeing that broad
based demand story take place in terms of our secondary
market providing real optionality for exporter. In addition to that,
we are slightly seeing some more positive signals come out
(23:04):
of China. I think if we take a step back, Jamie,
the rhydmic complex is in a much better shape for
twenty twenty five. And if we think about our beef
farmers and also a dairy farmers right because it's a coproduct,
those signals bode well in terms of the supply side,
at least coming out of the United States or the
fact that they don't have a lot of extra supply.
(23:25):
So good news and long way that lasts for twenty
twenty five.
Speaker 3 (23:28):
On that positive note, we'll leave you, Emma Higgins, always
good to chat on the country.
Speaker 6 (23:33):
Thanks Jamie.
Speaker 3 (23:37):
Thanks Emma, twenty five away from one. See you're tough
on Luxon out there on the farms and businesses of
New Zealand. Our time for this is some of your
feedback time for Luxe and to fly back to the
woke world of Air New Zealand. He just demonstrated he
has no idea what a joke net zero and the
(23:57):
pair of supporters saying it's in our national interest twelve
times in an interview doesn't make it a fact. Calling
twenty four billion a minimal commitment sounds ja cinder like,
says one farmer another one. It's been said that Luxon
is a John Key tribute band playing Jasinda a durn hitz.
I don't mind that. Actually that's not bad by Kriiki.
(24:20):
He's boring, inauthentic. Even the laugh is nerdy. Thank god,
he'll be gone in twelve months. I reckon, you're being
tough on him and on the government here, folks, because
look at the alternative. He wants some more of Jasinda's
greatest hits. Anyhow, it's all subjective, isn't it. Up next
to the Latest and Rural News with Michelle and I,
(24:41):
we'll have a look at sports news for you. Before
the end of the hour, out of Fonterra Andrew Murray
and we're going to go to the East Coast Farming
Expo and Wairaha. Welcome back to the country. It's brought
to you by Bratt. My name's Jamie McKay. Shortly Michelle
will be in with the latest in rural news and
I'll have a look at sports news for you as well.
(25:03):
Maybe even the Halbergs Rowena, though, has been doing God's
work when it comes to internal parasites and drench resistance,
which are serious threats to livestock production here in New Zealand.
She's teamed up with Beef and Lamb New Zealand for
a new four part podcast series looking at the key
aspects of their livestock internal parasite program. The second episode
(25:25):
is now live on the country's podcast feed and it
Rowse joined by Wormwise program manager Jenny Didanski and if
you haven't heard of Wormwise, you really need to listen
to this podcast. Wormwise keeps farmers up to date with
the latest knowledge and techniques to manage worms effectively and sustainably,
plus minimized drench resistance issues. It also aims to lift
(25:47):
productivity and the welfare of livestock. Ginny, as we all know,
is super passionate about her work and this episode is
a great listen. You'll have to take my word for that. One.
The podcast called Insights on Power Sites and as I've mentioned,
you'll find it on the Country's podcast stream or wherever
you get your podcasts, plus the links up on our
(26:08):
Facebook page.
Speaker 7 (26:10):
Right now.
Speaker 1 (26:11):
A lot of the country's world us with culd cadets
New Zealand's leading right on lawn bower bread. Visit steel
for dot co, dot NZI for your local stockist.
Speaker 3 (26:20):
Okay, Michelle, what are you got for? Us?
Speaker 7 (26:23):
AG Research is working on developing a mouth swab that
farmers can use to identify whether the animals are low
or high methane admitters. The technology would have farmers swabbing
their animals and sending the swaves to a lab from
which they would receive both genomic and methane profiles. AG
researchers doctor Susan Row has said, speaking an open day
at Palmer's new methane research facility on at Saint Kildaf
(26:45):
Farm northeast of topor Roe, said they had learned that
low methane animals tend to have a slightly different digestive
profile than higher emitting animals, and New Zealand's multi talented farmers,
many of whom are also mechanics, may soon be able
to legally fix their broken or deathamage farm vehicles if
a new bill is successful. The Consumer Guarantees Right to
Repair Amendment Bill will have its first reading in the
(27:06):
House today. The bill would require manufacturers to provide information
like manuals and access to parts with the products they sell. Currently,
consumers are bound by warranties which would become void if
work was carried out by independent repairers.
Speaker 3 (27:19):
And the funny thing about that story is it was
drafted by Green parties. Ricardo Mendez March there's as much
use as an ashtray on a motorbike himself. Yeah, I'm
not sure about this one, because I suppose if you're
a qualified mechanic you can get under the hood of
these new vehicles. But I don't blame the machinery dealers
if the farm has been tinkering under the hood and
(27:40):
something's gone wrong and then they go, well, you know,
warranty is null and void. But at least the Greens
are trying. At least the Greens are trying.
Speaker 1 (27:49):
Sport with an Avco Kiwi to the bone.
Speaker 3 (27:52):
Since nineteen oh four, high jump our Hamish Kur is
no guaranteed to leap at the World Indoor Athletics Champs
and Nanjing next month. The Olympic gold medalist and Halberg
Sportsman of the Year from last night says he hasn't
actually qualified and isn't sure if he will attend and
the All Blacks will play thirteen tests and other full
calendar for them in twenty twenty five with the confirmation
(28:14):
of their end of year tour schedule starting in Chicago
against Ireland. It's effectively a Grand Slam tour. Did you
watch them the Halberg's last night?
Speaker 7 (28:24):
No, I just saw the highlights of it.
Speaker 3 (28:25):
Yeah, I think they got it right. I mean Dame
Lydia Coe ahead of Dame Lisa Carrington, the two outstanding performers.
Monsieur Elise Andrews is wonderful as well. I just don't
know about the MCS, to be perfectly honest.
Speaker 7 (28:36):
Yeah, I wasn't interested in that because normally they picked
someone more from the sporting realm. And yeah, Pennygower is
an interest.
Speaker 3 (28:42):
Laura mc goldrick's good and very professional, but Paddy Gower
made it a wee bit too much about Paddy. It's
not about the MCS or presenters. It's about the athletes.
Up next to Andrew Murray out of Fonterra. That's just
continuing on from Emma Higgins. Yes, the good news story
(29:04):
the Global Dairy Trade auction. I want to get the
take of Andrew Murray Fonterra is new or relatively new.
CFO Andrew, we haven't chatted before, because if we had,
I would remember that wonderful Scottish liltch you've got.
Speaker 8 (29:16):
How long you've been in New Zealand for Ah, thanks Jemy,
I both. It must be just over six months in
the country. No, yeah, so finding my feet finally, I
think now.
Speaker 3 (29:25):
I wanted to talk about Fonterra's incentives for lower mission's milk,
and I realized this is not quite in your wheelhouse.
But I just want to ask you before we get
some GDT commentary from you. Is this, as one farmer
said to me on yesterday's show, is this a bit
of greenwashing from the likes of Mars and Nesle.
Speaker 8 (29:46):
Oh, look, I think I mean greenwashing is a very
serious word to throw our own. I think to be
very specific, I mean, these are commercial agreements and we
have very specific, separate contracts with these customers to provide
them with the lowest carbon milk. So this is very specific.
It is separate. It's not just buying any bag of
(30:06):
milk poder. It is a separate contract. It actually creates
extra value. So this is additional value that we wouldn't
be getting otherwise to provide vals and Nestlie with the
lowest carbon milk. So it's absolutely a solid commercial agreement.
Speaker 3 (30:21):
Okay, is this the beginning of a bigger picture here,
because we're looking, you know, like the one to five
cents per kilogram as less than half a percent on
a ten dollar payout, and half your farmers are going
to qualify for that, But only about three hundred of
your farmer's suppliers will qualify for the ten to twenty
five cents. That's only like three percent of your farms.
(30:45):
So this is very small scale, small beginnings. Put it
that way.
Speaker 8 (30:49):
Yeah, and I think that's the key part, right, this
is about giving the lowest carbon milk, and so obviously
then it is a smaller proportion, but this is important
if you good our strategy. You know, sustainability is a
key part of the strategy for us going forward, and
these strategic customer relationships are incredibly valuable. So this is
extra value that's created on top of you know, milk
(31:11):
price and earnings. This is extra value that comes through.
And so as we continue to develop those relationships with
our customers, we would expect that we would you know,
can we do more of this?
Speaker 5 (31:20):
I would hope we can.
Speaker 3 (31:22):
Now I'd love to ask you which sort of farmers
would qualify, but I realized that you're that you're the CFO.
This is not on your whalehouse. It's a conversation perhaps
with Miles Harrell. Look, I want to move on to
the GDT auction down zero point six percent, better than
the futures market was predicting. Andrew, I put it to you,
this was a good result.
Speaker 8 (31:41):
Yes, I think we're quite comfortable with actually with how
the result came through. You know, good, good demands still
coming through. We saw China come back after you know,
Chinese New Year period for you know, the last sort
of a couple of weeks, but really still seeing good
demand out of Southeast Asia and the Middle East as well.
So yeah, I agree, I think it was a good result.
And you know, we've had good supply here. You know
(32:03):
New Zealand supply in particularly is up, even a Seria
supply up as well. So we've had good supply. The
demand is holding and that's a good place for us
to be in.
Speaker 3 (32:12):
Will that supply hold though North Island's getting very dry?
Speaker 8 (32:16):
Yeah, it is a expect probably that will continue maybe
into sort of mid March, I think, is the thinking.
But we'll still be up, so, you know, certainly up
on last season, so you look at that.
Speaker 5 (32:27):
I think.
Speaker 8 (32:27):
The other side of this, of course is that you know,
the US and Europe, you know they're not they're not
growing too much a minutes kind of flat if you
look at it from a production standpoint. China domestic production
is down as well, so you know, it's it's good
from the demand stide in terms of it. You know,
puts a bit of before under that price, I think.
But yeah, we may tail off a little bit I
(32:49):
think from here, but but ultimately it's it's up on
last year and that extra supply is good for.
Speaker 3 (32:54):
US buds well for an eleven dollar payout. Andrew, are
you going to call that first on to the beddest
box on the show with me? Come on, Andrew, make
a name for yourself.
Speaker 5 (33:02):
I think I'm pretty sure.
Speaker 8 (33:03):
We've got to tend on milk rays.
Speaker 5 (33:05):
Yeah.
Speaker 8 (33:06):
Look, but we're pretty comfortable with the range. And of
course you know we've got a good owning's profile this
year as well, so it's a good return from a
farmer perspective in terms of good milk lace steel owning
and that's an eight pieces division.
Speaker 3 (33:21):
Yeah, ten bucks will take it. Andrew Murray Ponterra CFO,
thanks for your.
Speaker 8 (33:24):
Time, Thanks Deemy.
Speaker 3 (33:27):
Thanks Andrew nin Away from one you're with the Country
brought to you by Brent. We're going to chat to
Rick lad from Brent up next on the Countries on
the ground at the East Coast Farming Expo. Jure you're
getting into Luxon. We talked about the text that has
been said that Luxon is a John Key tribute band
playing to cinder Adaran Hitz. I think that's quite clever.
By the way, here's another one, the t MoU version
(33:49):
of John Key. There's another one getting around, and here's
one in support of Ricardo Mendes March, who I said
was as useful as an ashtray on a motorbike. I'm
sticking with that too. He has a text to he said.
Riccardo can be a bit surprising. He actually supported farmers
when we jumped up and down about wall versus synthetic
carpets and the school's debate, unlike Luxon, who stated at
(34:10):
the time it was up to the taxpayer which product
was used instead of a decisive statement. So there's a
vote for Riccardo Mendez March on the country. Who would
have thought up next? Rick lad have we? It is
(34:32):
six away from one wrapping the country heading to Wairah,
Day one of two at the East Coast Farming Expo.
Rick Ladd, I love that name as the director of
sales or director of sales for egg for Branda naming
sponsors here on the country. Huge connection with that area.
He's Gisban based. And Rick, you were sent me an
email this morning say you're calling for an eleven dollar payout.
(34:55):
It's got that feel about it. I threw that. I
threw that at Andrew Murray from Fonterry didn't really buy it.
Speaker 9 (35:03):
Bring it on mate, Well last week folk, Cami, I
think we're throwing around ten bucks. So I thought we'll
keep the trend going and next time we speak to
what the eleven So I figured I was through that
isn't there now.
Speaker 3 (35:12):
It's been a tough gig, farm machinery or farm supply
full stop on the past few years because farmers have
really had to tighten their belt. But things are going
to be better. There's a lot of catch up to
be done, especially when it comes to machinery.
Speaker 5 (35:25):
Yeah, no, there is, mate.
Speaker 9 (35:26):
Hey, obviously when we last spoke, things are a figure,
pretty tough, but it's made me more. What's been twelve weeks,
you know, it's maybe what twelve weeks does in these industries.
And there's a lot of confidence around, mate, and it's
bloody good to see. Helps our Susan gets out there,
get everything gain and yeah long made continue mate, it's
awesome to see and it's really for us as a brand.
This is really how we compliment that. Now what do
(35:48):
farmers need?
Speaker 5 (35:48):
Really? What do they need from us?
Speaker 3 (35:50):
Well? Decent machinery, green machinery in your case, look at
the Farming Expo or the East Coast Farming Expo. I
understand it's aimed at sheep and beef. Are you getting
genuine inquiry today?
Speaker 6 (36:03):
Yeah?
Speaker 5 (36:03):
There is.
Speaker 9 (36:03):
There's good numbers off not long pulled up and just
had a quick walk Brown. It's it's great to see there, Argus,
is a lot of cars in the parking, Mate, there's
you know, old and new exhibitors are back. It's good
to see and you know the wild you know, the
community has been beaten up, mate, and it's they hate
to say this. I'm sick of the word, but the
word resilience comes to mind around here, and they just
keep tuning up. So it's yeah, it's good to see
(36:25):
there's great numbers. They get good, well known, nationally respective
speakers that come into and yeah, it's good to see
people getting behind his regional shows.
Speaker 3 (36:33):
Yeah. As I said, two day event, it really kicks
off the in a lot of ways, the field days
sort of season for us. Who are some of the
high high profile speakers.
Speaker 9 (36:42):
You've got the you know, yeah, I see I see
down here on the list, We've got Andrew Hoyt. These
back He's he's familiar face from even many of us,
were said farmers And yeah, so Jacquelyne's been here at
the past. I'm not too sure she's back here this year.
So yeah, those are just some of the names that
they have head here in the past. So I just
need to get you to listen to you now.
Speaker 3 (37:00):
Yeah, okay, Rick, lad and just before we let you go,
what's what's hot to trot on your on your brand
stand at the East Coast Farming Expo.
Speaker 9 (37:08):
Yeah, well, hey, without getting to a head myself too much,
we've got the five oh nine O them, So that's
going to be he's going to We've got a few
lads of stock at the moment that we're looking. We're
going to put a bit of interestus on those through
the through Central District field days as well and also
up in Northland. So yeah, make yourself known. We're we're
going to put some pretty packages together. The Faux five
nine five. It's in the wording. There might be some
(37:30):
finance packages around in that figure, so have it think
about it. It's just a little dig on a model,
but I'll let let people turn up and come find out.
Speaker 3 (37:38):
Well. Good on you for fronting up at the East
Coast Farming Expo just down the road from your hometown
of Gisbon there, Rick, are always good to catch up
on the country and good luck at Northland and Central
District's field days coming up. Thanks for your time. Good
a chat there, he goes Rick. Lad I'll refrain from
saying what I always say after his name. I love it. Hey,
we'll catch you back tomorrow. Thanks for listening.
Speaker 1 (38:03):
Catch all the latest from the Land It's the Country
Podcast with Jamie McKay. Thanks to Brent, your specialist in
John Deere Machinery
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