February 19, 2025 • 36 mins
Jamie Mackay talks to Katie Milne, Peter Newbold, Hunter McGregor, Cameron Henderson, and Todd Clark.
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Speaker 1 (00:00):
Catch all the latest from the land.
Speaker 2 (00:02):
It's the Country Podcast with Jamie mckuy Thanks to Brent.
Speaker 1 (00:07):
You're specialist in John Deere machinery.
Speaker 3 (00:13):
This is your remortion gott a man of shattered dreams,
Johnna lave It, love It, Hi, no whatever s whatever,
I didn't mean in I just want you back for
gooda New Zealand and Welcome to the Country. It's brought
(00:34):
to you by Bratt. My name is Jamie McKay. This
is boy band Take That. Apparently they were performing at
the Formula One launch. More about that later with Michelle
when she does rural news and stuff like that. But
we've got a busy show today for you. We're heading
all over the world, including China and the US. Yes, Kentucky,
(00:56):
can you believe it? Kentucky Fried Chicken is leaving Kentucky.
Our guy over there as Todd Clark. We're also going
to catch up with Cameron Henderson. He's the deputy chair
of a darien Z. He's in another exotic location in
the Cargo God's Own Farming Province. Peter Eubold from PGG
Rights and how Much is Your Farm Worth? A farmer's
(01:18):
sitting on them farm sets and banking the returns at
the moment rather than selling them. We'll have our monthly
look at the state of the rural market with the
GM of PGG rights. But we're going to kick it
off with the woman. I guess who broke the grass ceiling.
She was the first female president of Federated Farmers West
Coast Kalcocky, Katie Milon, Katie, good afternoon. You're telling me
(01:40):
that you're almost were almost in drought conditions on the
West Coast. Can't believe that? Yeah, I know.
Speaker 4 (01:47):
It's been a game of two seasons games who have
this year, Jamie? We had horrendous reign from August through
to Boxing Day and it's just a few two or
three days.
Speaker 5 (01:59):
In the toy. But then, of course has happened when.
Speaker 4 (02:02):
It breaks on the coast, you get this great weather
have It's a great.
Speaker 5 (02:05):
Place to come for a summer holiday. And prior to two.
Speaker 4 (02:09):
Three nights ago, we'd only had forty two mills in
the you know, for two months from precious time, so
we were desperate for that bit of rain. Gray Valley
looked pretty dry and first time we've had feed out
through somewhere ourselves.
Speaker 5 (02:24):
So glad to have seen that rain.
Speaker 3 (02:26):
So this is climate change in action, is it, Katie?
We can we afford to pull out of the Paris
Climate Accord?
Speaker 5 (02:34):
Well, that's a real interesting one.
Speaker 4 (02:36):
You know, people always notice things changing on their farms
over over time and it's.
Speaker 5 (02:41):
How you adapt to it. Actually is what I've always thought,
and a lot of people agree that.
Speaker 4 (02:45):
You know, you've got to spend your money in that
area versus this mitigation joke that goes round.
Speaker 5 (02:50):
About how to do that.
Speaker 4 (02:52):
But the interesting thing to me, Jamie about the Paris
Accord is that the original articles were quite clear when
it came to food production that you had to make
sure that you protected food security, food production and your
efforts to do things about climate change. So that's where
one of the big keys to me that why we
have gone down some real strange tracks in New Zealand
(03:14):
agriculture with mitigation and the way that we look at it.
Speaker 5 (03:19):
Being we have to reduce stock numbers. It doesn't make
any sense, No.
Speaker 3 (03:23):
It doesn't exactly. And those twenty thirty targets which James
and just Suddener signed up to. Mind you, the nets
have gone one further, but we'll go back. Are they
are targets of a fifty percent reduction in our greenhouse
gas emissions by twenty thirty plainly is not achievable.
Speaker 6 (03:40):
No, and that a lot of that came from the
big report Biological Missions Research Group put forward and that
said if you had everything lining up in.
Speaker 4 (03:50):
Perfection, then you could possibly achieve on the best day,
reductions of up to that amount, but it's totally unrealistic.
That meant that everybody had to have all they ducked
in the line. It meant everybody had to use fodder
beat That was one of the biggest reductions. And of
course we know that there's some environmental issues that have
to be really well managed. If you go down that track,
(04:11):
it meant you had to get a.
Speaker 5 (04:12):
Vaccine or a bullet or something that worked.
Speaker 4 (04:14):
A whole lot of factors that were just ridiculous, you know,
best case scenario stuff pluss as we know, this act
stated that, and as a state that New Zealand was
where if you're not adding more animals into the system,
you're not adding to warming.
Speaker 5 (04:28):
So what was the problem.
Speaker 3 (04:29):
Anyway, It's interesting this government has the goal of doubling
export income in the next decade. I can't for the
life of me. See how we do it without dairy farming,
as I say, doing some of the heavy lifting. But
I'm not sure it's environmentally realistic to increase the number
of dairy cows in this country. What do you say,
you're a cowcocky?
Speaker 5 (04:50):
Yeah, I think it can be managed.
Speaker 4 (04:53):
It is one of those things where people have stepped
up to the plate, you know, or as environmental issues
have come along, and we get the science to show
us what's gone wrong, put some investment into fixing those things.
We can do it, but we do have to be
careful where and how we go about it. There's no
doubt about that. Yes, the increased genetics capability of our animals,
(05:14):
things like that are all pretty good. And I've known
that a lot of people see those games over a
few years and that's quite exciting to see. And if
you can get that with lower methane outputs, that's fine,
But if it means.
Speaker 5 (05:27):
Lower production then of course that's pointless. Again.
Speaker 4 (05:29):
So yeah, it's it is manageable, though, and I think
we have to be realistic that we can look at
other things out sequestration. We don't allow it for gashes
and stuff, and for animals. We are looking at through
the predator free movement what the benefit is when you.
Speaker 5 (05:45):
Lower those the pressure in the forest. That's the genuine
game that is there to be had.
Speaker 4 (05:51):
And we haven't really put that into the system yet
to see if there's other offsets if you're stuck in
that system that we can utilize that our NDC's which
is what bited us.
Speaker 5 (06:02):
In the Barnham.
Speaker 3 (06:03):
Yeah, I reckon if we measured everything that sequested carbon,
it wouldn't be an issue. But anyhow, I've banged one
about that one enough. We're going to talk very shortly
to Peter Newbold from PGG Rights and about what your
farm's worth. You sent me an email earlier this morning
say farmers are, especially dairy farmers at the moment of
sitting on farms when they maybe had thought of selling
them because they're banking the current good returns. What are
(06:25):
you seeing on the West coast.
Speaker 5 (06:28):
Well, actually we might be a little bit opposite to that.
Speaker 4 (06:30):
There's a wee bit of noise kicking around and a
bit of interest kicking around for farms to move, and
people are taking that opportunity. You know, if they're getting
a bit long on the tooth, let's say, to take
the chance to have succession and move on and fun,
retire or do whatever. And of course the West Coast
is one of those places that still when you look
at the books, you don't actually make a lot on
(06:52):
capital gains, but you make profit as you go when
you're farming. Northland and the West Coast have always been
some of the best places to buy land because it's
cheap and you can make money as your farm. Yes,
it has some challenges around a bit of weather, as
we've discussed earlier.
Speaker 5 (07:07):
But a great place.
Speaker 4 (07:08):
Come a look in the bench, looking at us and
going yep, you're all good to go.
Speaker 5 (07:12):
Get some people on the boy farms.
Speaker 3 (07:14):
Well, there you go, and all you need is like
a line seven Parker and a good set of leggings exactly. Hey,
Katie Milon, always good to catch up. Appreciate your time
here on the country.
Speaker 5 (07:26):
No, all good, thanks Jammie.
Speaker 3 (07:27):
There she goes on the West Coast. Katie Milon, excuse me,
first female president of Federated Farmers did a damn fine
job too. Right music today, Michelle's wandering in here as courtesy.
And I'm not a petrol head at all, and I
know you and BK are boring each other, Brian Kelly,
(07:48):
this is boring each other silly, and there's no bigger
petrol head than BK from our sister station, gold Sport.
But the Formula one opening featured the boy band Take
It did so Robbie there. He's not really intake that now,
is he?
Speaker 7 (08:04):
He was there actually, but it was really it was.
Anyone who hasn't seen it, you can look up the
highlights on YouTube. But it's the first time that Formula
One have done a big launch like this. Normally the
cars just do their own sort of separate thing. But
it was pretty impressive, four hours long. I think the
whole thing at Ocho Arena had a comedian. The production
quality of this event is incredible. There's some great music
(08:25):
and of course Liam Lawson walked across the stage with
Max Restappan, who apparently I don't think Max really wanted
to be there by the sound of it.
Speaker 3 (08:31):
But you know, well, Liam was there and the Red
Ball theme song will start me out by the Rolling Stones,
What a good song. We might spin that one a
little bit later, but up next, as promised, What's Your
Farm with Peter Nubold from PGG Rights in real estate
hunter McGregor with some amazing and I know this because
he's sent me an email as well, amazing stats on
(08:52):
food delivery in China. This will blow your mind. Cameron
Henderson the deputy chair of derrien Z's in Southland, and
Todd Clark is in Lexington, Kentucky. Believe it or not,
KFC Kentucky Fried Chicken is leaving Kentucky. Can you believe that?
All that's on the country between now and one? I
(09:18):
just want you back for monthly here on the country,
we tell you what your farm's worth. Is it going
to be worth more than it was a month ago?
Let's ask our expert, the GM of PGG Rights in
(09:40):
real estate, Peter Newbolt. And Peter, you make an interesting
comment here. You're saying you're sensing a number of potential
dairy listings are on hold as those farmers bank the
current returns. Interesting.
Speaker 8 (09:54):
Yeah, and look it's the feedback we're getting and I
think you know, when you look at it, why wouldn't
they And so definitely that's taking place. There's demand out
there for them, but you know there's probably not at
the moment enough enough listenings to fulfill that. I think
The interesting thing is then suddenly you look out a year,
(10:14):
and in some cases you could argue they've missed that
opportunity because suddenly then there's a whole lot of listenings
and those buyers that are in play at the moment
may have moved on. So yeah, it's an interesting space.
But definitely that's the feedback I'm getting.
Speaker 3 (10:28):
Of course, the fifty basis point drop in the OCO,
everyone was picking that one. Surely as interest rates drop,
property prices will increase or is that false logic?
Speaker 8 (10:40):
These days, I don't think they'll increase as much as
people may think, because on the other side, you've got
to look at cost of living, you know, you think
of fuel, food, rates, insurances, all those things. They're not
coming back. So I think any rate decreases now are
probably just going to set those costs. I think, yes,
(11:01):
there'll be some movement, but I think it'll be gradual.
And that's what we're saying.
Speaker 3 (11:06):
Don't start me on rates and insurance. It's criminal radio.
So we've touched on dairy, sheep and beef.
Speaker 2 (11:12):
Now.
Speaker 3 (11:12):
I think the good news story of this farming season
has been the renaissance in a way of sheep farming.
I know we'll still a troubled child, but you know,
like lamb is okay, okay to good this year.
Speaker 8 (11:26):
Yeah, and look that's the feedback. I've been out in
the field a bit recently and definitely you know those
shelding bee farmers, their spirits are a lot better and
I think, you know, you get this season out of
the way, they banked a bit. I see a strong
future when you look out over the next twelve to
eighty months, and we're seeing now a little bit more
(11:48):
activity in that space. And if you look at the
projections by everyone, why will that change? So I think
we're going to see more movement in sheet and beef.
So the interesting thing there is probably we're seeing at
the moment a number of those smaller as I call
them blocks coming onto the market, which is an interesting
and then there's some more larger sales taking place. So yeah,
(12:10):
interesting space. And I think if you look at some
of those don't let's call them traditional sheet and beef
regions like Otago for example. I think we'll see a
lot more activity over the next six months.
Speaker 3 (12:23):
And I ask you this question every month, but it's
worth repeating. A good question is worth repeating how many
of these sheep and beef farms are going to forestry
at the moment?
Speaker 8 (12:34):
Yeah, you do ask that a lot interesting. Yes, there
are some, and I know, just over the last few
days a couple of reasonable sized properties have transacted. But
I think definitely it is slow, but there are still
some and there's a change I guess in some of
the regulations that are taking place in December. I think
(12:57):
it is so that will probably you'll probably see a
little bit of a I guess a surge now, but
I think it will slowly. It will slowly, I guess
diminish over time. That's my feeling.
Speaker 3 (13:07):
All right, let's have a look at quickly at horticulture.
Really good returns at the moment for key we fruit
apples are promising as well, although there's always issues. It's
a tough way to make a living being a horticulturalist.
Are we getting back to the healthy in days or
those heady days of what was it up to two
million dollars for canopy? Heck there at one stage for
keyw fruit.
Speaker 8 (13:29):
Yeah. No, Look, we haven't got back there yet, and
I'm surprised we haven't seen more. I guess momentum over
the last month. But they tell me out there, we're
just starting to see signs. And if you look at
listings and that there's a little bit more activity. The
only area that's probably pretty clear is slow at the
moments of viticulture. I guess we know the reasons why
they're but the others, I think we'll see momentum. That's
(13:51):
what I'm being told. And if I look at what's
happening in the marketplace, that would confirm that.
Speaker 3 (13:56):
Okay, traditionally really quickly to finish on Autumn is the
time when most farms are sort of bought and sold.
Does that still the case?
Speaker 8 (14:04):
Yeah, look at it. And you know, I was just
looking the other day. When you look at what is
coming to the market in March and April, that would
confirm that. And I think if you look at everything
else we've talked about earlier, I think we might see
some good activity in that April May time, which is
good for everybody.
Speaker 3 (14:24):
Peter and Newbolt. Always good to catch up here on
the country.
Speaker 8 (14:28):
Yeah, thanks, Jomi, and you have a good afternoon.
Speaker 3 (14:31):
Well, indeed, twenty five or coming up to twenty five,
after twelve you are with the country A couple of
jaunts off shore today and one two in the cargo
doesn't get any better than that. Up next it's Hunter
McGregor in Shanghai with some food delivery stats that will
blow your mind. But what does that mean for New
Zealand farmers? Todd Clark also in Lexington, Kentucky and Cameron
(14:54):
Henderson and in the cargo.
Speaker 1 (15:04):
The place is where we go.
Speaker 3 (15:07):
Well, we've read heading all over the world today on
the country shortly to Lexington, Kentucky with our US farm
and correspondent Todd Clark. I've got all sorts of weather
woes there. But our guy in Shanghai, China is Roxburgh
born and bred Hunter McGregor. And Hunter, I know you
were in Roxburgh when the town hall and the movie
(15:28):
theater burnt down. If that wasn't bad enough, you got
hit by flooding the other night with a big thunder plump.
Tough times for that wonderful little town in central Otago.
Speaker 8 (15:39):
Yeah, good afternoon, Jamie.
Speaker 9 (15:41):
You know I was in Roxburgh when the town hall
burnt down and actually drove past it, so pretty incredible sight.
And the firefighters at a wonderful job to stop a
spreading to other building. So How good on them getting
out there and saving the rest of the buildings nearby.
Speaker 3 (15:58):
Well, a little place like Roxburt's pretty cool to have
your own movie theater. I hope they can rebuild it,
no doubt you were to cut your teeth in the
back row of the movies.
Speaker 9 (16:07):
Oh yeah, certainly.
Speaker 8 (16:08):
Yeah. Yeah.
Speaker 9 (16:08):
It's not far from Jimmy's Pies as well, So it's
a pretty good bombo moving a pie.
Speaker 3 (16:13):
Well, you can't go past that. What's happening in China
regarding the economy, because every time you're on you're talking
it down, but you're saying there's a bit of a
recovery going on and off the back of this Deep Seek,
the Chinese AI system, Yeah.
Speaker 9 (16:29):
No, Deep Seek has had a major impact to the
stock market and the sap rice, to a lot of
tech companies here. So there's a bit of positivity around that,
you know, and they've done a pretty good job. And
I think what's happening now is the world starting to
realize that China has moved on from being a cheap
copier of very a copyer of things, and now they're
(16:50):
starting to innovate. And it's happening across in a few
industries and AI is one of them. And you know,
there's going to be a hell of a lot more
innovation throughout of China. And yeah, with the year population
of people that are that are that are studying you know,
the right the right fields, mathematics and all those sort
of things, so engineers, So you know, a lot more
(17:10):
innovation will come out of China that than there has
been in the past.
Speaker 8 (17:14):
So which is good to see.
Speaker 3 (17:15):
Well, you've got a lot of people to pick from
one point four billion today you're going to talk about
this or about food delivery in China. The stats are
nothing short of amazing.
Speaker 9 (17:25):
Well, yeah, there's another that's another innovation that's really been
driven forward out of China. So you know there's two
Food delivery here is fantastic. It's cheap, there are no
delivery fees, and it happens straight away, you know, so
you can sit here anywhere, you know, and most restaurants
do it. There's two major companies, Erla mar and may
(17:46):
twe and may one is the big player. But I'm
just looking at some numbers. You know, there's there's ten
million delivery guys rolling around on electric bikes in China.
They average about eighty million deliveries a day and the
value of that is about eight hundred New zealand eight
hundred million New Zealand dollars in sales up per day
(18:08):
of food delivery, food and drink delivery in China, which
is incredible those numbers.
Speaker 3 (18:14):
Ten million blogs and women are driving around on electric
bikes delivering food on a daily basis.
Speaker 9 (18:21):
Yeah, no, so you know they're under pressure. They only
get paid per delivery, so they're under pressure, and so
they're roaring around the streets and they're most of the
bikes that would run the red lights and they'll be
up on the foot paths and stuff. But you know,
it's really convenient for everyone. And the thing is for restaurants,
a lot of restaurants don't actually like it because they
(18:41):
don't make any money from it. Will make very small
margins from it because the delivery fees are anywhere between
twenty and forty percent of the thing, but they can't
charge any extra delivery fees because of competition. So you know,
it's a real cutthroat business and a lot of like
those ghost kitchens or you can set up specifically four
(19:03):
food delivery of popping up all over the shop and
you know, it's big business. And when it rains, they
flat out because people don't want to go outside and
pick up a cup of coffee or a meal or
a sandwich, so they get delivered.
Speaker 3 (19:15):
Anyhow, let me just finish on this question. Why is
this so interesting?
Speaker 10 (19:18):
Well?
Speaker 3 (19:18):
How does this pertain to New Zealand farmers?
Speaker 9 (19:21):
Well, you know, I think there's two things. One of
them is that, you know, the coffee and milky teas
and stuff like that. The consumption of that is continuing
to grow in China. And obviously you put milk into coffee,
which is good for dairy So there's a lot more
dairy products consumed daily from a lot more people than
there was at a five ten years ago, and it's
(19:43):
mainly through you know, you've got Starbucks set up the
coffee industry here, but you've got two really big players,
luck In coffee, which is about three times larger than
Starbucks now. Another one CONTI Coffee, and there's a wholely
for local brand But that's pulling through a lot of
dairy products through the system. And the other one is
around you know, when we talk about meat consumption New Zealand,
(20:05):
meat doesn't really fit into food delivery that well, unfortunately,
and then you hear some people saying about, oh, you
know pre coock meals is a real opportunity for New
Zealand bolt New Zealand products and New Zealand meat. It's
not really because it's so cheap and cheerful. You've got
to be very cheap. You've got to undercut a restaurant
food that's cooked fast, so that pre cook. You know,
(20:27):
if anyone's talking about, you know the future of New
Zealand meats and pre cook products up here, you know,
I don't think they've actually understand the market because you know,
you can get something freshly cooked from us from a
restaurant for a cheaper price than what you would add
a pre cooke meal which is sitting in your freezer frozen.
So you know, it's interesting the dairy products. There is
a lot of a lot of coffee.
Speaker 8 (20:49):
Consumed and you can see it.
Speaker 9 (20:50):
And they roar around and you know they get shaken
up quite well on the motorbikes before they get there,
so it might be good for milkshakes as well.
Speaker 3 (20:58):
Good on you, under Bigregg. Thank you very much for
your time. Early morning Shanghai time when you head to
work this morning. Don't get run over by one of
those ten million food delivery riders on the electric bikes.
We'll chat to you in a couple of weeks.
Speaker 8 (21:13):
Cheer thanks, Jamie.
Speaker 3 (21:15):
Twenty seven away from one, You're with the Country Up
next Rural News and Sports News. Got to weep it
on Liam Lawson. We'll play his song from the Formula
one launch as well Cameron Henderson and Southland Todd Clark
in Kentucky to round out the show. Welcome back to
(21:45):
the Country. Twenty four away from one. This was the
Red Bull theme song. Michelle's very excited about the Formula
one launch. Liam Lawson's coming up in Rural News. Just
some of your feedback regarding me not being a petrol head, Michelle.
Our resident carbon farmer, Jeremy Rox, who will be on
the show tomorrow just to Light and Friday alp Aweb
(22:08):
has said this is just his daily abuse that I
get on the text line. You are the polar opposite
of a petrol head. You are a Cardigan wearing ev
owner or driver driving the high lux hybrid. And I'll
tell you what rock seat. It's got lots to get
up and go. You need to make the switch. You know,
(22:28):
he's a carbon farmer, so we should really be going
to ev Hybrid's are the way to go. Seriously. Anyhow,
let's do rural news, shall we?
Speaker 11 (22:38):
Do?
Speaker 3 (22:38):
You love the Rolling Stones?
Speaker 8 (22:39):
Keith.
Speaker 3 (22:40):
Keith Richard is one of my Keith Richard is one
of my favorite Richard's. Richard is one of my favorite
people and if you get the chance, read his book.
It's fantastic.
Speaker 2 (22:50):
The Country's world news with Cold Cadet, New Zealand's leading
right on lawn Bower brand is a steel Ford dot
Co dot zaid for your locals Doggist.
Speaker 7 (23:00):
The a hu Fenawa Trophy finalists have been announced. The
two finalists are Wangaroa nah Naotonga Trust and Tawa Parta
South Murray In Corporation Onnway Station. The Rafenawa Trophy is
the most prestigious award for Maori agriculture. This year marks
ninety one years since it's exception in nineteen thirty three.
The competition alternates each year between dairy, sheep and beef
(23:22):
and horticulture. This year is the urn for sheep and
beef farmers. Each finalist will host a field day to
demonstrate their farm Operations. The winner will be announced on
June sixth and Palmerston North. And just an interesting fun
fact story I found actually a couple Jamie fouryo. I
was just saying that it looks like Wales might be
going to be in greyhound racing following in New Zealands
footsteps which shopped me. UK loved the greyhound racing yep.
Speaker 3 (23:44):
And they banned Warren Gtalin as well.
Speaker 7 (23:47):
Yep, that's what I didn't know. So and also another
one I found out because you're a wine drinker riot yep.
Apparently wines having tough times.
Speaker 3 (23:56):
Yeah, real tough times. Must get Blizzard on Blizzard McLean
had a culture guy on to talk about that. Yeah, look,
real tough times. And I think there was a really
interesting story in the Herald on that. Yeah, there was so.
Speaker 7 (24:07):
Apparently some of the stats, if you want to know,
the annual consumption per capita of all wine local imported
shrunk from twenty one point two liters in twenty fifteen
to fourteen point nine liters last year. And I think
that stat was around the end of last year. So
that's yeah, it's not a lot, is it.
Speaker 3 (24:24):
No, I'm still doing my bit, but it's all the
young people like you, although you're getting a bit longer
in the teeth now on Michelle. But it's the younger
people who are drinking these silly RTDs. The young people,
these young people, young people. Honestly, they'll be they'll be
the ruination of society, mind you. I was drinking having
a beer at the golf club yesterday with John Cutler,
(24:47):
very successful Otago businessman who is now drinking RTDs as well.
So what is the world coming to. Here's the latest
in sport.
Speaker 1 (24:56):
Sport with FCO. Visit them online at f CO dot
co dot N.
Speaker 3 (25:00):
Now talking about Liam Lawson, we're playing his theme song
from the Formula one launch. He knows where a Formula
one event should be held if motorsport's biggest show ever
debuts in New Zealand. Lawson's told ESPN the Highland Circuit
near Cromwell and central Otago would be his pick. An
eight to twelve week injury layer for Whitefern's past bowler
Molly Penfold. The twenty three year old had surgery last
(25:23):
week to repair a torn meniscus in her left knee
and in the Premier League leaders Liverpool have been held
to all draw at Aston Villa. Up next, we're off
to in Picargo. Our next guest on the country is
(25:45):
a North Canterbury or Oxford dairy Farmer's name is Cameron Henderson.
He's the deputy chair of Dairy ENZ but he's not
in Canterbury today. He's down in Southland and God's own
farming province talking about levy consultation. Are the dairy farmer's
keen to keep paying their levee or do you want
them to pay some more?
Speaker 11 (26:03):
Cameron, Well, I guess that's all we'll be hearing about today, Jamie. Yeah,
we've had some early feedback and look it is you know,
as you get to measure with farmers, they're not not
hesitant to hold back and tell us what they think,
which is great. So we'll find out today a little
bit more about what the good farmers down south and
think about Darien died well full and.
Speaker 3 (26:25):
Some missing pieces for me, what is the current levee?
What are dairy farmers pay to Dairy and Z at
the moment for their industry good activities?
Speaker 11 (26:33):
Yeah, so for the last sixteen years they've been paying
three point six cents per caddie and milk solid the
darien Z and part of that point eight sense of
that goes directly to Osbrey. So essentially daren Z gets
about two point four cents of that and so we're
looking at options for increasing that rate ready to match
inflation and to sort of achieve a few other outcomes.
(26:56):
It's well pastime to review that and look at what
the future of duran z.
Speaker 3 (27:00):
Well, you're well off the pace if you haven't had
an increase for how many years?
Speaker 8 (27:04):
For sixteen years?
Speaker 1 (27:05):
Sixteen years?
Speaker 3 (27:06):
Jeez, Yeah, it's hate Cameron, Cameron. You'd go no good
as a local body. You'd go no good as the
Dunedin City Council. Well, they wouldn't live with those, right.
Speaker 11 (27:17):
People always trying to keep rates down, and I thought
sixteen years holding it at the same rate is not
too bad. Yeah, Look we've had some things that have
gone away in that time. Obviously milk solids have increased
over sixteen years, but now the last ten years it
has platt oed and depreciation keeps marching on, as most
farmers understand. And so this is where we're at the
point where, look, we've used up a lot of the
(27:37):
reserves and it's time for honest conversation around you know,
cashlows and how much and.
Speaker 3 (27:42):
That now is not a bad time to have that
conversation because on a ten dollar payout, gee, what a
three point six cents is? What's that less than that's
less than half a percent?
Speaker 11 (27:53):
Yeah it is, it is. But you know, every dollar
that of farmer spends has got to be a good investment.
And so like, I don't don't want to link it
to anything to do with payout. It's never a great
time to go out and ask farmers for more money.
But yeah, that's part of our conversation is just trying
to understand and where do they want Darien need to
be heading in the future and one of those those
key topics they want us to be focusing on and
(28:15):
and and look that's that's the feedback we've been getting.
So yeah, really really enjoy these conversations.
Speaker 3 (28:21):
So when the farmers get to vote on.
Speaker 11 (28:22):
This, well they it's not actually voted as a consultation.
The board does have the final decision on the process.
And that's all said.
Speaker 3 (28:30):
So you can just make a unilateral decision to raise
the levy, we.
Speaker 11 (28:34):
Can, but of course the board is is elected by
farmers so we're very wary that, you know, we've we've
got to take farmers views into account That's what consultation
is all about. And we often criticize the government for
not taking you know, people's views into accounts. So we're
absolutely listening to farmers views. But the process is the
way that it's set out in the Milk Sali Milk
(28:56):
Solids Levy acts is that. Yeah, it's the board that
make that. And then there's a livy vote next year,
which is the vote on whether we continue with durien
zed and having the levy you sall know, and that's
that bet of the vote.
Speaker 3 (29:09):
How's how's candlebry looking. You'll be as good as anywhere,
are you?
Speaker 11 (29:13):
It's pretty good, like it is. Throwing out a weave
it now. But we've had a golden run, Jamie. It's
been been magic there, Raymond. We have needed it. A
little bit of humidity, probably a little bit hard for
those arable guys, you know, getting getting grain crops dried
out enough to the harvest. We've we're in the middle
of our harvest at the moment, and you know it's
day one day a week at the moment, waiting for
it to dry out. But look all in all this
(29:33):
plenty of grass around. Crops are looking great, son Kennerby's head.
Speaker 3 (29:36):
It had a great year, and Southland's looking pretty good
at the moment too.
Speaker 11 (29:41):
Yeah, certainly green flying in, but understand after a wet.
Speaker 8 (29:43):
Start, they've actually started to dry out as well.
Speaker 11 (29:45):
So yeah, a bit of a mixed bag down here.
Speaker 3 (29:48):
Yeah, while a south and drought stiff into a Candlebury drought. Hey,
Cameron Henderson, enjoy your day in south from God's own
farming province.
Speaker 11 (29:54):
Thanks for your tom Thanks, Tommy.
Speaker 3 (30:04):
Got it. But your you were say we got your
lipstick marks alone, You've got He's our guy in Lexington, Kentucky.
Are us farming correspondent Todd Clark. Now I'm going to
ask you, Todd, why Kentucky Fried Chicken is moving out
of Kentucky and who's running the country, Trump or Musk,
Elon Musk, that is, of course, But first I want
(30:25):
to talk to you about the weather. You're stuck literally
in the perfect eye of a storm in Kentucky. You've
got snow and you've got flooding, and it is brutal.
Speaker 10 (30:35):
Good day, Jamie. Yeah, that's that's exactly right. That's that's
the analysis of where we found ourselves at the moment.
The we've had excessive rain that's probably probably putting it mildly,
but flooding basically flooding all over the place in Kentucky
except for the Lexington area, but eastern western Kentucky both
(31:00):
widespread flooding. And now we're following that up with we
had four to five inches of snowfall last night and
more snow tonight, plus about three or four days of
not coming above freezing. So it's pretty tough weather. In
long range forecast is for this sort of pattern to
(31:22):
persist all the way through summer, so a late a
late spring and a cool spring, and all we can
do is do our best, but it's it's pretty brutal
at the moment.
Speaker 3 (31:35):
Well, you must spend a lot of your day just
fading out to your kettle, do you.
Speaker 10 (31:39):
We do yep, feeding and breaking ice on stock tanks
and yeah, it's well. Last week we were we were
worried about mud because you just there was standing water
in the paddocks just everywhere. And then and now that's
that's frozen solid, so it's a solid sheet. It's been
(32:01):
a tough winner.
Speaker 3 (32:01):
So far, Kentucky Fried Chicken is leaving Kentucky headquarters in Louisville,
which is a couple of hours down the road from
where you are in Lexington. Of course, Louisville is also
the home of Muhammad al I guess they're the two
most famous sons, are they? Colonel Sanders and Muhammad al A. K. S.
Speaker 10 (32:19):
S Clay of Louisville, probably the most globally well known
the this. I saw this article earlier. I haven't read
all the details, but yeah, that's there would be some
irony to the fact if KFC leaves Kentucky. I'm not
sure why. We are. Tax situation in labor situations pretty
(32:44):
good in Kentucky, so I'm not I'm not sure where
the greener grass is that they're going to, but certainly
that would be interesting to lose KFC to another state.
Speaker 3 (32:54):
Well, I'm looking at the Fox News website and it
says KFC is moving US headquarters from Kentucky to Texas,
a place called Plano, I think, citing better prospects for growth.
But yeah, that doesn't quite ring true. Texas Fried Chicken. Okay,
who's running the country? You might Trump or Elon Musk well.
Speaker 10 (33:14):
I'm confident Trump's running the country, but Elon certainly has
his hands in a lot of different pots at the
at the moment, and so he's uncovering all sorts of
things that lots of us have thought for a long
time existed, just our Social Security payments going to people
(33:35):
that are one hundred and twenty years old, and that
sort of thing that, in other words, don't exist. Just
a lot of money being spent in places that it
shouldn't be. But there they Musk and President Trump are
running pretty rough shot over all these different agencies and
(33:58):
freezing funds. There's conservation payments to farmers across the US
that have been frozen, and so I expect there to
be court cases relating to these conservation payments. They're citing.
The reason that they froze those funds was they came
(34:19):
out of the Biden administration something called the Inflation Reduction Act,
and so if the funds for these conservation practices came
from that Inflation Reduction Act, then they've frozen the frozen
the funds. So far, it's a little bit of a
shaky start, but they've certainly hit the ground running.
Speaker 3 (34:40):
You well, I'll tell you what. They're pretty brutal here
in New Zealand. When we gas public servants or get
rid of them or reduce them, at least we go
through the consultation process. But this is my understanding, is
Musk is just going in with his doge hat on
and just basically telling sending people an email telling them
I've lost their job, and then the locked out of work,
(35:00):
they're gone immediately.
Speaker 10 (35:02):
Yes, it's my understanding that's exactly how it's going. That
you receive a letter your keys, your keys don't work,
and even the letter is just a standard issued letter
that they're using for everyone's it's not even personalized to
whoever the person is. And so yeah, there's a lot
of uncertainty at the moment as to what will be affected,
(35:23):
won't what won't be affected in But when you're in
the grand scheme of things, we're overspending as a country
one point eight trillion dollars annually that we don't have,
and so we're going to have to tighten our belt somewhere.
But there's a kinder, gentler way to go about it,
(35:44):
that's for sure.
Speaker 3 (35:45):
Okay, Todd Clark, thank you very much for your time,
and seriously I hope the weather improves in Lexington, Kentucky.
Speaker 10 (35:51):
For you appreciate it, Thanks James.
Speaker 3 (35:54):
Thanks Todd. That reps or just about reps the country.
Some of your feedback Muzz has taken in a regular text.
He said, what's the name of Keith Richard's book? Well, muz,
it's called Life and it is a weighty tone, all
five hundred and sixty four pages of it. Tomorrow's show.
I didn't want too many overseas correspondents today, so I've
(36:17):
saved Chris Russell, our Rossie guy for tomorrow. He's got
a great story, by the way, about a Queensland teacher
who describes herself as a furry. She identifies as a cat,
and not surprisingly, she has been sacked for being a
cat in the classroom. I'll catch you tomorrow.
Speaker 2 (36:41):
Catch you're the latest from the Land. It's the Country
Podcast with Jamie Mgue. Thanks to Brent, You're specialist in
John Deere construction equipment.
Catch all the latest from the land.
Speaker 2 (00:02):
It's the Country Podcast with Jamie mckuy Thanks to Brent.
Speaker 1 (00:07):
You're specialist in John Deere machinery.
Speaker 3 (00:13):
This is your remortion gott a man of shattered dreams,
Johnna lave It, love It, Hi, no whatever s whatever,
I didn't mean in I just want you back for
gooda New Zealand and Welcome to the Country. It's brought
(00:34):
to you by Bratt. My name is Jamie McKay. This
is boy band Take That. Apparently they were performing at
the Formula One launch. More about that later with Michelle
when she does rural news and stuff like that. But
we've got a busy show today for you. We're heading
all over the world, including China and the US. Yes, Kentucky,
(00:56):
can you believe it? Kentucky Fried Chicken is leaving Kentucky.
Our guy over there as Todd Clark. We're also going
to catch up with Cameron Henderson. He's the deputy chair
of a darien Z. He's in another exotic location in
the Cargo God's Own Farming Province. Peter Eubold from PGG
Rights and how Much is Your Farm Worth? A farmer's
(01:18):
sitting on them farm sets and banking the returns at
the moment rather than selling them. We'll have our monthly
look at the state of the rural market with the
GM of PGG rights. But we're going to kick it
off with the woman. I guess who broke the grass ceiling.
She was the first female president of Federated Farmers West
Coast Kalcocky, Katie Milon, Katie, good afternoon. You're telling me
(01:40):
that you're almost were almost in drought conditions on the
West Coast. Can't believe that? Yeah, I know.
Speaker 4 (01:47):
It's been a game of two seasons games who have
this year, Jamie? We had horrendous reign from August through
to Boxing Day and it's just a few two or
three days.
Speaker 5 (01:59):
In the toy. But then, of course has happened when.
Speaker 4 (02:02):
It breaks on the coast, you get this great weather
have It's a great.
Speaker 5 (02:05):
Place to come for a summer holiday. And prior to two.
Speaker 4 (02:09):
Three nights ago, we'd only had forty two mills in
the you know, for two months from precious time, so
we were desperate for that bit of rain. Gray Valley
looked pretty dry and first time we've had feed out
through somewhere ourselves.
Speaker 5 (02:24):
So glad to have seen that rain.
Speaker 3 (02:26):
So this is climate change in action, is it, Katie?
We can we afford to pull out of the Paris
Climate Accord?
Speaker 5 (02:34):
Well, that's a real interesting one.
Speaker 4 (02:36):
You know, people always notice things changing on their farms
over over time and it's.
Speaker 5 (02:41):
How you adapt to it. Actually is what I've always thought,
and a lot of people agree that.
Speaker 4 (02:45):
You know, you've got to spend your money in that
area versus this mitigation joke that goes round.
Speaker 5 (02:50):
About how to do that.
Speaker 4 (02:52):
But the interesting thing to me, Jamie about the Paris
Accord is that the original articles were quite clear when
it came to food production that you had to make
sure that you protected food security, food production and your
efforts to do things about climate change. So that's where
one of the big keys to me that why we
have gone down some real strange tracks in New Zealand
(03:14):
agriculture with mitigation and the way that we look at it.
Speaker 5 (03:19):
Being we have to reduce stock numbers. It doesn't make
any sense, No.
Speaker 3 (03:23):
It doesn't exactly. And those twenty thirty targets which James
and just Suddener signed up to. Mind you, the nets
have gone one further, but we'll go back. Are they
are targets of a fifty percent reduction in our greenhouse
gas emissions by twenty thirty plainly is not achievable.
Speaker 6 (03:40):
No, and that a lot of that came from the
big report Biological Missions Research Group put forward and that
said if you had everything lining up in.
Speaker 4 (03:50):
Perfection, then you could possibly achieve on the best day,
reductions of up to that amount, but it's totally unrealistic.
That meant that everybody had to have all they ducked
in the line. It meant everybody had to use fodder
beat That was one of the biggest reductions. And of
course we know that there's some environmental issues that have
to be really well managed. If you go down that track,
(04:11):
it meant you had to get a.
Speaker 5 (04:12):
Vaccine or a bullet or something that worked.
Speaker 4 (04:14):
A whole lot of factors that were just ridiculous, you know,
best case scenario stuff pluss as we know, this act
stated that, and as a state that New Zealand was
where if you're not adding more animals into the system,
you're not adding to warming.
Speaker 5 (04:28):
So what was the problem.
Speaker 3 (04:29):
Anyway, It's interesting this government has the goal of doubling
export income in the next decade. I can't for the
life of me. See how we do it without dairy farming,
as I say, doing some of the heavy lifting. But
I'm not sure it's environmentally realistic to increase the number
of dairy cows in this country. What do you say,
you're a cowcocky?
Speaker 5 (04:50):
Yeah, I think it can be managed.
Speaker 4 (04:53):
It is one of those things where people have stepped
up to the plate, you know, or as environmental issues
have come along, and we get the science to show
us what's gone wrong, put some investment into fixing those things.
We can do it, but we do have to be
careful where and how we go about it. There's no
doubt about that. Yes, the increased genetics capability of our animals,
(05:14):
things like that are all pretty good. And I've known
that a lot of people see those games over a
few years and that's quite exciting to see. And if
you can get that with lower methane outputs, that's fine,
But if it means.
Speaker 5 (05:27):
Lower production then of course that's pointless. Again.
Speaker 4 (05:29):
So yeah, it's it is manageable, though, and I think
we have to be realistic that we can look at
other things out sequestration. We don't allow it for gashes
and stuff, and for animals. We are looking at through
the predator free movement what the benefit is when you.
Speaker 5 (05:45):
Lower those the pressure in the forest. That's the genuine
game that is there to be had.
Speaker 4 (05:51):
And we haven't really put that into the system yet
to see if there's other offsets if you're stuck in
that system that we can utilize that our NDC's which
is what bited us.
Speaker 5 (06:02):
In the Barnham.
Speaker 3 (06:03):
Yeah, I reckon if we measured everything that sequested carbon,
it wouldn't be an issue. But anyhow, I've banged one
about that one enough. We're going to talk very shortly
to Peter Newbold from PGG Rights and about what your
farm's worth. You sent me an email earlier this morning
say farmers are, especially dairy farmers at the moment of
sitting on farms when they maybe had thought of selling
them because they're banking the current good returns. What are
(06:25):
you seeing on the West coast.
Speaker 5 (06:28):
Well, actually we might be a little bit opposite to that.
Speaker 4 (06:30):
There's a wee bit of noise kicking around and a
bit of interest kicking around for farms to move, and
people are taking that opportunity. You know, if they're getting
a bit long on the tooth, let's say, to take
the chance to have succession and move on and fun,
retire or do whatever. And of course the West Coast
is one of those places that still when you look
at the books, you don't actually make a lot on
(06:52):
capital gains, but you make profit as you go when
you're farming. Northland and the West Coast have always been
some of the best places to buy land because it's
cheap and you can make money as your farm. Yes,
it has some challenges around a bit of weather, as
we've discussed earlier.
Speaker 5 (07:07):
But a great place.
Speaker 4 (07:08):
Come a look in the bench, looking at us and
going yep, you're all good to go.
Speaker 5 (07:12):
Get some people on the boy farms.
Speaker 3 (07:14):
Well, there you go, and all you need is like
a line seven Parker and a good set of leggings exactly. Hey,
Katie Milon, always good to catch up. Appreciate your time
here on the country.
Speaker 5 (07:26):
No, all good, thanks Jammie.
Speaker 3 (07:27):
There she goes on the West Coast. Katie Milon, excuse me,
first female president of Federated Farmers did a damn fine
job too. Right music today, Michelle's wandering in here as courtesy.
And I'm not a petrol head at all, and I
know you and BK are boring each other, Brian Kelly,
(07:48):
this is boring each other silly, and there's no bigger
petrol head than BK from our sister station, gold Sport.
But the Formula one opening featured the boy band Take
It did so Robbie there. He's not really intake that now,
is he?
Speaker 7 (08:04):
He was there actually, but it was really it was.
Anyone who hasn't seen it, you can look up the
highlights on YouTube. But it's the first time that Formula
One have done a big launch like this. Normally the
cars just do their own sort of separate thing. But
it was pretty impressive, four hours long. I think the
whole thing at Ocho Arena had a comedian. The production
quality of this event is incredible. There's some great music
(08:25):
and of course Liam Lawson walked across the stage with
Max Restappan, who apparently I don't think Max really wanted
to be there by the sound of it.
Speaker 3 (08:31):
But you know, well, Liam was there and the Red
Ball theme song will start me out by the Rolling Stones,
What a good song. We might spin that one a
little bit later, but up next, as promised, What's Your
Farm with Peter Nubold from PGG Rights in real estate
hunter McGregor with some amazing and I know this because
he's sent me an email as well, amazing stats on
(08:52):
food delivery in China. This will blow your mind. Cameron
Henderson the deputy chair of derrien Z's in Southland, and
Todd Clark is in Lexington, Kentucky. Believe it or not,
KFC Kentucky Fried Chicken is leaving Kentucky. Can you believe that?
All that's on the country between now and one? I
(09:18):
just want you back for monthly here on the country,
we tell you what your farm's worth. Is it going
to be worth more than it was a month ago?
Let's ask our expert, the GM of PGG Rights in
(09:40):
real estate, Peter Newbolt. And Peter, you make an interesting
comment here. You're saying you're sensing a number of potential
dairy listings are on hold as those farmers bank the
current returns. Interesting.
Speaker 8 (09:54):
Yeah, and look it's the feedback we're getting and I
think you know, when you look at it, why wouldn't
they And so definitely that's taking place. There's demand out
there for them, but you know there's probably not at
the moment enough enough listenings to fulfill that. I think
The interesting thing is then suddenly you look out a year,
(10:14):
and in some cases you could argue they've missed that
opportunity because suddenly then there's a whole lot of listenings
and those buyers that are in play at the moment
may have moved on. So yeah, it's an interesting space.
But definitely that's the feedback I'm getting.
Speaker 3 (10:28):
Of course, the fifty basis point drop in the OCO,
everyone was picking that one. Surely as interest rates drop,
property prices will increase or is that false logic?
Speaker 8 (10:40):
These days, I don't think they'll increase as much as
people may think, because on the other side, you've got
to look at cost of living, you know, you think
of fuel, food, rates, insurances, all those things. They're not
coming back. So I think any rate decreases now are
probably just going to set those costs. I think, yes,
(11:01):
there'll be some movement, but I think it'll be gradual.
And that's what we're saying.
Speaker 3 (11:06):
Don't start me on rates and insurance. It's criminal radio.
So we've touched on dairy, sheep and beef.
Speaker 2 (11:12):
Now.
Speaker 3 (11:12):
I think the good news story of this farming season
has been the renaissance in a way of sheep farming.
I know we'll still a troubled child, but you know,
like lamb is okay, okay to good this year.
Speaker 8 (11:26):
Yeah, and look that's the feedback. I've been out in
the field a bit recently and definitely you know those
shelding bee farmers, their spirits are a lot better and
I think, you know, you get this season out of
the way, they banked a bit. I see a strong
future when you look out over the next twelve to
eighty months, and we're seeing now a little bit more
(11:48):
activity in that space. And if you look at the
projections by everyone, why will that change? So I think
we're going to see more movement in sheet and beef.
So the interesting thing there is probably we're seeing at
the moment a number of those smaller as I call
them blocks coming onto the market, which is an interesting
and then there's some more larger sales taking place. So yeah,
(12:10):
interesting space. And I think if you look at some
of those don't let's call them traditional sheet and beef
regions like Otago for example. I think we'll see a
lot more activity over the next six months.
Speaker 3 (12:23):
And I ask you this question every month, but it's
worth repeating. A good question is worth repeating how many
of these sheep and beef farms are going to forestry
at the moment?
Speaker 8 (12:34):
Yeah, you do ask that a lot interesting. Yes, there
are some, and I know, just over the last few
days a couple of reasonable sized properties have transacted. But
I think definitely it is slow, but there are still
some and there's a change I guess in some of
the regulations that are taking place in December. I think
(12:57):
it is so that will probably you'll probably see a
little bit of a I guess a surge now, but
I think it will slowly. It will slowly, I guess
diminish over time. That's my feeling.
Speaker 3 (13:07):
All right, let's have a look at quickly at horticulture.
Really good returns at the moment for key we fruit
apples are promising as well, although there's always issues. It's
a tough way to make a living being a horticulturalist.
Are we getting back to the healthy in days or
those heady days of what was it up to two
million dollars for canopy? Heck there at one stage for
keyw fruit.
Speaker 8 (13:29):
Yeah. No, Look, we haven't got back there yet, and
I'm surprised we haven't seen more. I guess momentum over
the last month. But they tell me out there, we're
just starting to see signs. And if you look at
listings and that there's a little bit more activity. The
only area that's probably pretty clear is slow at the
moments of viticulture. I guess we know the reasons why
they're but the others, I think we'll see momentum. That's
(13:51):
what I'm being told. And if I look at what's
happening in the marketplace, that would confirm that.
Speaker 3 (13:56):
Okay, traditionally really quickly to finish on Autumn is the
time when most farms are sort of bought and sold.
Does that still the case?
Speaker 8 (14:04):
Yeah, look at it. And you know, I was just
looking the other day. When you look at what is
coming to the market in March and April, that would
confirm that. And I think if you look at everything
else we've talked about earlier, I think we might see
some good activity in that April May time, which is
good for everybody.
Speaker 3 (14:24):
Peter and Newbolt. Always good to catch up here on
the country.
Speaker 8 (14:28):
Yeah, thanks, Jomi, and you have a good afternoon.
Speaker 3 (14:31):
Well, indeed, twenty five or coming up to twenty five,
after twelve you are with the country A couple of
jaunts off shore today and one two in the cargo
doesn't get any better than that. Up next it's Hunter
McGregor in Shanghai with some food delivery stats that will
blow your mind. But what does that mean for New
Zealand farmers? Todd Clark also in Lexington, Kentucky and Cameron
(14:54):
Henderson and in the cargo.
Speaker 1 (15:04):
The place is where we go.
Speaker 3 (15:07):
Well, we've read heading all over the world today on
the country shortly to Lexington, Kentucky with our US farm
and correspondent Todd Clark. I've got all sorts of weather
woes there. But our guy in Shanghai, China is Roxburgh
born and bred Hunter McGregor. And Hunter, I know you
were in Roxburgh when the town hall and the movie
(15:28):
theater burnt down. If that wasn't bad enough, you got
hit by flooding the other night with a big thunder plump.
Tough times for that wonderful little town in central Otago.
Speaker 8 (15:39):
Yeah, good afternoon, Jamie.
Speaker 9 (15:41):
You know I was in Roxburgh when the town hall
burnt down and actually drove past it, so pretty incredible sight.
And the firefighters at a wonderful job to stop a
spreading to other building. So How good on them getting
out there and saving the rest of the buildings nearby.
Speaker 3 (15:58):
Well, a little place like Roxburt's pretty cool to have
your own movie theater. I hope they can rebuild it,
no doubt you were to cut your teeth in the
back row of the movies.
Speaker 9 (16:07):
Oh yeah, certainly.
Speaker 8 (16:08):
Yeah. Yeah.
Speaker 9 (16:08):
It's not far from Jimmy's Pies as well, So it's
a pretty good bombo moving a pie.
Speaker 3 (16:13):
Well, you can't go past that. What's happening in China
regarding the economy, because every time you're on you're talking
it down, but you're saying there's a bit of a
recovery going on and off the back of this Deep Seek,
the Chinese AI system, Yeah.
Speaker 9 (16:29):
No, Deep Seek has had a major impact to the
stock market and the sap rice, to a lot of
tech companies here. So there's a bit of positivity around that,
you know, and they've done a pretty good job. And
I think what's happening now is the world starting to
realize that China has moved on from being a cheap
copier of very a copyer of things, and now they're
(16:50):
starting to innovate. And it's happening across in a few
industries and AI is one of them. And you know,
there's going to be a hell of a lot more
innovation throughout of China. And yeah, with the year population
of people that are that are that are studying you know,
the right the right fields, mathematics and all those sort
of things, so engineers, So you know, a lot more
(17:10):
innovation will come out of China that than there has
been in the past.
Speaker 8 (17:14):
So which is good to see.
Speaker 3 (17:15):
Well, you've got a lot of people to pick from
one point four billion today you're going to talk about
this or about food delivery in China. The stats are
nothing short of amazing.
Speaker 9 (17:25):
Well, yeah, there's another that's another innovation that's really been
driven forward out of China. So you know there's two
Food delivery here is fantastic. It's cheap, there are no
delivery fees, and it happens straight away, you know, so
you can sit here anywhere, you know, and most restaurants
do it. There's two major companies, Erla mar and may
(17:46):
twe and may one is the big player. But I'm
just looking at some numbers. You know, there's there's ten
million delivery guys rolling around on electric bikes in China.
They average about eighty million deliveries a day and the
value of that is about eight hundred New zealand eight
hundred million New Zealand dollars in sales up per day
(18:08):
of food delivery, food and drink delivery in China, which
is incredible those numbers.
Speaker 3 (18:14):
Ten million blogs and women are driving around on electric
bikes delivering food on a daily basis.
Speaker 9 (18:21):
Yeah, no, so you know they're under pressure. They only
get paid per delivery, so they're under pressure, and so
they're roaring around the streets and they're most of the
bikes that would run the red lights and they'll be
up on the foot paths and stuff. But you know,
it's really convenient for everyone. And the thing is for restaurants,
a lot of restaurants don't actually like it because they
(18:41):
don't make any money from it. Will make very small
margins from it because the delivery fees are anywhere between
twenty and forty percent of the thing, but they can't
charge any extra delivery fees because of competition. So you know,
it's a real cutthroat business and a lot of like
those ghost kitchens or you can set up specifically four
(19:03):
food delivery of popping up all over the shop and
you know, it's big business. And when it rains, they
flat out because people don't want to go outside and
pick up a cup of coffee or a meal or
a sandwich, so they get delivered.
Speaker 3 (19:15):
Anyhow, let me just finish on this question. Why is
this so interesting?
Speaker 10 (19:18):
Well?
Speaker 3 (19:18):
How does this pertain to New Zealand farmers?
Speaker 9 (19:21):
Well, you know, I think there's two things. One of
them is that, you know, the coffee and milky teas
and stuff like that. The consumption of that is continuing
to grow in China. And obviously you put milk into coffee,
which is good for dairy So there's a lot more
dairy products consumed daily from a lot more people than
there was at a five ten years ago, and it's
(19:43):
mainly through you know, you've got Starbucks set up the
coffee industry here, but you've got two really big players,
luck In coffee, which is about three times larger than
Starbucks now. Another one CONTI Coffee, and there's a wholely
for local brand But that's pulling through a lot of
dairy products through the system. And the other one is
around you know, when we talk about meat consumption New Zealand,
(20:05):
meat doesn't really fit into food delivery that well, unfortunately,
and then you hear some people saying about, oh, you
know pre coock meals is a real opportunity for New
Zealand bolt New Zealand products and New Zealand meat. It's
not really because it's so cheap and cheerful. You've got
to be very cheap. You've got to undercut a restaurant
food that's cooked fast, so that pre cook. You know,
(20:27):
if anyone's talking about, you know the future of New
Zealand meats and pre cook products up here, you know,
I don't think they've actually understand the market because you know,
you can get something freshly cooked from us from a
restaurant for a cheaper price than what you would add
a pre cooke meal which is sitting in your freezer frozen.
So you know, it's interesting the dairy products. There is
a lot of a lot of coffee.
Speaker 8 (20:49):
Consumed and you can see it.
Speaker 9 (20:50):
And they roar around and you know they get shaken
up quite well on the motorbikes before they get there,
so it might be good for milkshakes as well.
Speaker 3 (20:58):
Good on you, under Bigregg. Thank you very much for
your time. Early morning Shanghai time when you head to
work this morning. Don't get run over by one of
those ten million food delivery riders on the electric bikes.
We'll chat to you in a couple of weeks.
Speaker 8 (21:13):
Cheer thanks, Jamie.
Speaker 3 (21:15):
Twenty seven away from one, You're with the Country Up
next Rural News and Sports News. Got to weep it
on Liam Lawson. We'll play his song from the Formula
one launch as well Cameron Henderson and Southland Todd Clark
in Kentucky to round out the show. Welcome back to
(21:45):
the Country. Twenty four away from one. This was the
Red Bull theme song. Michelle's very excited about the Formula
one launch. Liam Lawson's coming up in Rural News. Just
some of your feedback regarding me not being a petrol head, Michelle.
Our resident carbon farmer, Jeremy Rox, who will be on
the show tomorrow just to Light and Friday alp Aweb
(22:08):
has said this is just his daily abuse that I
get on the text line. You are the polar opposite
of a petrol head. You are a Cardigan wearing ev
owner or driver driving the high lux hybrid. And I'll
tell you what rock seat. It's got lots to get
up and go. You need to make the switch. You know,
(22:28):
he's a carbon farmer, so we should really be going
to ev Hybrid's are the way to go. Seriously. Anyhow,
let's do rural news, shall we?
Speaker 11 (22:38):
Do?
Speaker 3 (22:38):
You love the Rolling Stones?
Speaker 8 (22:39):
Keith.
Speaker 3 (22:40):
Keith Richard is one of my Keith Richard is one
of my favorite Richard's. Richard is one of my favorite
people and if you get the chance, read his book.
It's fantastic.
Speaker 2 (22:50):
The Country's world news with Cold Cadet, New Zealand's leading
right on lawn Bower brand is a steel Ford dot
Co dot zaid for your locals Doggist.
Speaker 7 (23:00):
The a hu Fenawa Trophy finalists have been announced. The
two finalists are Wangaroa nah Naotonga Trust and Tawa Parta
South Murray In Corporation Onnway Station. The Rafenawa Trophy is
the most prestigious award for Maori agriculture. This year marks
ninety one years since it's exception in nineteen thirty three.
The competition alternates each year between dairy, sheep and beef
(23:22):
and horticulture. This year is the urn for sheep and
beef farmers. Each finalist will host a field day to
demonstrate their farm Operations. The winner will be announced on
June sixth and Palmerston North. And just an interesting fun
fact story I found actually a couple Jamie fouryo. I
was just saying that it looks like Wales might be
going to be in greyhound racing following in New Zealands
footsteps which shopped me. UK loved the greyhound racing yep.
Speaker 3 (23:44):
And they banned Warren Gtalin as well.
Speaker 7 (23:47):
Yep, that's what I didn't know. So and also another
one I found out because you're a wine drinker riot yep.
Apparently wines having tough times.
Speaker 3 (23:56):
Yeah, real tough times. Must get Blizzard on Blizzard McLean
had a culture guy on to talk about that. Yeah, look,
real tough times. And I think there was a really
interesting story in the Herald on that. Yeah, there was so.
Speaker 7 (24:07):
Apparently some of the stats, if you want to know,
the annual consumption per capita of all wine local imported
shrunk from twenty one point two liters in twenty fifteen
to fourteen point nine liters last year. And I think
that stat was around the end of last year. So
that's yeah, it's not a lot, is it.
Speaker 3 (24:24):
No, I'm still doing my bit, but it's all the
young people like you, although you're getting a bit longer
in the teeth now on Michelle. But it's the younger
people who are drinking these silly RTDs. The young people,
these young people, young people. Honestly, they'll be they'll be
the ruination of society, mind you. I was drinking having
a beer at the golf club yesterday with John Cutler,
(24:47):
very successful Otago businessman who is now drinking RTDs as well.
So what is the world coming to. Here's the latest
in sport.
Speaker 1 (24:56):
Sport with FCO. Visit them online at f CO dot
co dot N.
Speaker 3 (25:00):
Now talking about Liam Lawson, we're playing his theme song
from the Formula one launch. He knows where a Formula
one event should be held if motorsport's biggest show ever
debuts in New Zealand. Lawson's told ESPN the Highland Circuit
near Cromwell and central Otago would be his pick. An
eight to twelve week injury layer for Whitefern's past bowler
Molly Penfold. The twenty three year old had surgery last
(25:23):
week to repair a torn meniscus in her left knee
and in the Premier League leaders Liverpool have been held
to all draw at Aston Villa. Up next, we're off
to in Picargo. Our next guest on the country is
(25:45):
a North Canterbury or Oxford dairy Farmer's name is Cameron Henderson.
He's the deputy chair of Dairy ENZ but he's not
in Canterbury today. He's down in Southland and God's own
farming province talking about levy consultation. Are the dairy farmer's
keen to keep paying their levee or do you want
them to pay some more?
Speaker 11 (26:03):
Cameron, Well, I guess that's all we'll be hearing about today, Jamie. Yeah,
we've had some early feedback and look it is you know,
as you get to measure with farmers, they're not not
hesitant to hold back and tell us what they think,
which is great. So we'll find out today a little
bit more about what the good farmers down south and
think about Darien died well full and.
Speaker 3 (26:25):
Some missing pieces for me, what is the current levee?
What are dairy farmers pay to Dairy and Z at
the moment for their industry good activities?
Speaker 11 (26:33):
Yeah, so for the last sixteen years they've been paying
three point six cents per caddie and milk solid the
darien Z and part of that point eight sense of
that goes directly to Osbrey. So essentially daren Z gets
about two point four cents of that and so we're
looking at options for increasing that rate ready to match
inflation and to sort of achieve a few other outcomes.
(26:56):
It's well pastime to review that and look at what
the future of duran z.
Speaker 3 (27:00):
Well, you're well off the pace if you haven't had
an increase for how many years?
Speaker 8 (27:04):
For sixteen years?
Speaker 1 (27:05):
Sixteen years?
Speaker 3 (27:06):
Jeez, Yeah, it's hate Cameron, Cameron. You'd go no good
as a local body. You'd go no good as the
Dunedin City Council. Well, they wouldn't live with those, right.
Speaker 11 (27:17):
People always trying to keep rates down, and I thought
sixteen years holding it at the same rate is not
too bad. Yeah, Look we've had some things that have
gone away in that time. Obviously milk solids have increased
over sixteen years, but now the last ten years it
has platt oed and depreciation keeps marching on, as most
farmers understand. And so this is where we're at the
point where, look, we've used up a lot of the
(27:37):
reserves and it's time for honest conversation around you know,
cashlows and how much and.
Speaker 3 (27:42):
That now is not a bad time to have that
conversation because on a ten dollar payout, gee, what a
three point six cents is? What's that less than that's
less than half a percent?
Speaker 11 (27:53):
Yeah it is, it is. But you know, every dollar
that of farmer spends has got to be a good investment.
And so like, I don't don't want to link it
to anything to do with payout. It's never a great
time to go out and ask farmers for more money.
But yeah, that's part of our conversation is just trying
to understand and where do they want Darien need to
be heading in the future and one of those those
key topics they want us to be focusing on and
(28:15):
and and look that's that's the feedback we've been getting.
So yeah, really really enjoy these conversations.
Speaker 3 (28:21):
So when the farmers get to vote on.
Speaker 11 (28:22):
This, well they it's not actually voted as a consultation.
The board does have the final decision on the process.
And that's all said.
Speaker 3 (28:30):
So you can just make a unilateral decision to raise
the levy, we.
Speaker 11 (28:34):
Can, but of course the board is is elected by
farmers so we're very wary that, you know, we've we've
got to take farmers views into account That's what consultation
is all about. And we often criticize the government for
not taking you know, people's views into accounts. So we're
absolutely listening to farmers views. But the process is the
way that it's set out in the Milk Sali Milk
(28:56):
Solids Levy acts is that. Yeah, it's the board that
make that. And then there's a livy vote next year,
which is the vote on whether we continue with durien
zed and having the levy you sall know, and that's
that bet of the vote.
Speaker 3 (29:09):
How's how's candlebry looking. You'll be as good as anywhere,
are you?
Speaker 11 (29:13):
It's pretty good, like it is. Throwing out a weave
it now. But we've had a golden run, Jamie. It's
been been magic there, Raymond. We have needed it. A
little bit of humidity, probably a little bit hard for
those arable guys, you know, getting getting grain crops dried
out enough to the harvest. We've we're in the middle
of our harvest at the moment, and you know it's
day one day a week at the moment, waiting for
it to dry out. But look all in all this
(29:33):
plenty of grass around. Crops are looking great, son Kennerby's head.
Speaker 3 (29:36):
It had a great year, and Southland's looking pretty good
at the moment too.
Speaker 11 (29:41):
Yeah, certainly green flying in, but understand after a wet.
Speaker 8 (29:43):
Start, they've actually started to dry out as well.
Speaker 11 (29:45):
So yeah, a bit of a mixed bag down here.
Speaker 3 (29:48):
Yeah, while a south and drought stiff into a Candlebury drought. Hey,
Cameron Henderson, enjoy your day in south from God's own
farming province.
Speaker 11 (29:54):
Thanks for your tom Thanks, Tommy.
Speaker 3 (30:04):
Got it. But your you were say we got your
lipstick marks alone, You've got He's our guy in Lexington, Kentucky.
Are us farming correspondent Todd Clark. Now I'm going to
ask you, Todd, why Kentucky Fried Chicken is moving out
of Kentucky and who's running the country, Trump or Musk,
Elon Musk, that is, of course, But first I want
(30:25):
to talk to you about the weather. You're stuck literally
in the perfect eye of a storm in Kentucky. You've
got snow and you've got flooding, and it is brutal.
Speaker 10 (30:35):
Good day, Jamie. Yeah, that's that's exactly right. That's that's
the analysis of where we found ourselves at the moment.
The we've had excessive rain that's probably probably putting it mildly,
but flooding basically flooding all over the place in Kentucky
except for the Lexington area, but eastern western Kentucky both
(31:00):
widespread flooding. And now we're following that up with we
had four to five inches of snowfall last night and
more snow tonight, plus about three or four days of
not coming above freezing. So it's pretty tough weather. In
long range forecast is for this sort of pattern to
(31:22):
persist all the way through summer, so a late a
late spring and a cool spring, and all we can
do is do our best, but it's it's pretty brutal
at the moment.
Speaker 3 (31:35):
Well, you must spend a lot of your day just
fading out to your kettle, do you.
Speaker 10 (31:39):
We do yep, feeding and breaking ice on stock tanks
and yeah, it's well. Last week we were we were
worried about mud because you just there was standing water
in the paddocks just everywhere. And then and now that's
that's frozen solid, so it's a solid sheet. It's been
(32:01):
a tough winner.
Speaker 3 (32:01):
So far, Kentucky Fried Chicken is leaving Kentucky headquarters in Louisville,
which is a couple of hours down the road from
where you are in Lexington. Of course, Louisville is also
the home of Muhammad al I guess they're the two
most famous sons, are they? Colonel Sanders and Muhammad al A. K. S.
Speaker 10 (32:19):
S Clay of Louisville, probably the most globally well known
the this. I saw this article earlier. I haven't read
all the details, but yeah, that's there would be some
irony to the fact if KFC leaves Kentucky. I'm not
sure why. We are. Tax situation in labor situations pretty
(32:44):
good in Kentucky, so I'm not I'm not sure where
the greener grass is that they're going to, but certainly
that would be interesting to lose KFC to another state.
Speaker 3 (32:54):
Well, I'm looking at the Fox News website and it
says KFC is moving US headquarters from Kentucky to Texas,
a place called Plano, I think, citing better prospects for growth.
But yeah, that doesn't quite ring true. Texas Fried Chicken. Okay,
who's running the country? You might Trump or Elon Musk well.
Speaker 10 (33:14):
I'm confident Trump's running the country, but Elon certainly has
his hands in a lot of different pots at the
at the moment, and so he's uncovering all sorts of
things that lots of us have thought for a long
time existed, just our Social Security payments going to people
(33:35):
that are one hundred and twenty years old, and that
sort of thing that, in other words, don't exist. Just
a lot of money being spent in places that it
shouldn't be. But there they Musk and President Trump are
running pretty rough shot over all these different agencies and
(33:58):
freezing funds. There's conservation payments to farmers across the US
that have been frozen, and so I expect there to
be court cases relating to these conservation payments. They're citing.
The reason that they froze those funds was they came
(34:19):
out of the Biden administration something called the Inflation Reduction Act,
and so if the funds for these conservation practices came
from that Inflation Reduction Act, then they've frozen the frozen
the funds. So far, it's a little bit of a
shaky start, but they've certainly hit the ground running.
Speaker 3 (34:40):
You well, I'll tell you what. They're pretty brutal here
in New Zealand. When we gas public servants or get
rid of them or reduce them, at least we go
through the consultation process. But this is my understanding, is
Musk is just going in with his doge hat on
and just basically telling sending people an email telling them
I've lost their job, and then the locked out of work,
(35:00):
they're gone immediately.
Speaker 10 (35:02):
Yes, it's my understanding that's exactly how it's going. That
you receive a letter your keys, your keys don't work,
and even the letter is just a standard issued letter
that they're using for everyone's it's not even personalized to
whoever the person is. And so yeah, there's a lot
of uncertainty at the moment as to what will be affected,
(35:23):
won't what won't be affected in But when you're in
the grand scheme of things, we're overspending as a country
one point eight trillion dollars annually that we don't have,
and so we're going to have to tighten our belt somewhere.
But there's a kinder, gentler way to go about it,
(35:44):
that's for sure.
Speaker 3 (35:45):
Okay, Todd Clark, thank you very much for your time,
and seriously I hope the weather improves in Lexington, Kentucky.
Speaker 10 (35:51):
For you appreciate it, Thanks James.
Speaker 3 (35:54):
Thanks Todd. That reps or just about reps the country.
Some of your feedback Muzz has taken in a regular text.
He said, what's the name of Keith Richard's book? Well, muz,
it's called Life and it is a weighty tone, all
five hundred and sixty four pages of it. Tomorrow's show.
I didn't want too many overseas correspondents today, so I've
(36:17):
saved Chris Russell, our Rossie guy for tomorrow. He's got
a great story, by the way, about a Queensland teacher
who describes herself as a furry. She identifies as a cat,
and not surprisingly, she has been sacked for being a
cat in the classroom. I'll catch you tomorrow.
Speaker 2 (36:41):
Catch you're the latest from the Land. It's the Country
Podcast with Jamie Mgue. Thanks to Brent, You're specialist in
John Deere construction equipment.
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