March 31, 2025 • 38 mins
Jamie Mackay talks to Richard McIntyre, Cameron Bagrie, Jo Luxton, John McOviney, and Phil Duncan.
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Speaker 1 (00:00):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay thanks to Brent, the starkest of
the leading agriculture brands.
Speaker 2 (00:11):
We come and we are sayly.
Speaker 3 (00:16):
Here we come.
Speaker 1 (00:17):
We're on our way in just calm newsy where together
that sound one people on the wall, one people on the.
Speaker 2 (00:38):
Land, get to New Zealand. Welcome to the Country. I'm
Jamie McKay. Remember this one when we went over to
Freemantle to have a crack at the America's Cup and
the it was it about nineteen eighty seven. I think, well,
we won't be defending it at home. If you haven't
heard the news, it's going somewhere else. That great patriot
(00:59):
Bran Dalton's to to hold it somewhere else. But that's
another issue for another day. Today we're going to concentrate
on a big win for Federated Farmers, who's my run sheet.
So along with other organizations, I've been getting into the
air of the Prime Minister, the Minister of Finance regarding
the banking inquiry and the Reserve Bank is going to
(01:22):
review its capital requirements not before time, and that has
been welcomed by Federated Farmers Richard McIntyre to kick off
the show. Cameron Bagri, Independent Economists, one of the keynotes speakers.
In fact, he's hosting a breakfast next week at the
side conference in Cimaru, having a look at it, having
a look at Liberation Day as Trump's calling it Thursday,
(01:45):
our time, will know what he's going to do around
Tariff's Joe Luxton, Labour's agg spokesperson. What has she been
up to and how could she possibly possibly govern? With
the wombats in the Greens and to party Maury John
of any Whitimo sheep and beef farmer Phil Duncan. An
atmospheric river is coming our way and it will be welcomed,
(02:06):
especially by farmers in the North Island. One of those
farmers who is getting pretty dry, as Richard McIntyre Federated
Farmer's Dairy Chair, also the banking spokesperson. Just before we
talk about your big one, Richard, how are you faring
in the man or two.
Speaker 4 (02:23):
Well, we're still pretty dry, Jamie. We had some rain
about ten days ago and so we're suddenly green up
a little bit, but there's still no feed at all
for us. We are two thirds of the way through
audun carving as well. So yeah, we're feeding at a
hell of a lot at the moment, but I know
a lot of other other regions are as well.
Speaker 2 (02:38):
I had a friend send me a picture last night
of a pasture in the Wyehadow region. It's like a desert.
Speaker 4 (02:46):
Yeah, they look really really feel for our White Heat
and Nankee friends in particular that are really struggling at
the moment for feed.
Speaker 3 (02:53):
Yeah.
Speaker 4 (02:53):
Yeah, it's a difficult time. Unfortunely, we all go through
it every now and then, and so it's just going
to be about continuing to make the best decisions going
forward and making sure that no one torpedos next season
to try and regain some production this season.
Speaker 2 (03:08):
Federated Farmers welcomes the announcement or welcome the announcement yesterday
that the Reserve Bank will be reviewing its capital requirements
which have been costing farmers a fortune. And you're saying, basically,
Richard McIntyre, it's an extra forty four grand of interest
payments for your average farmer.
Speaker 4 (03:28):
Yeah, that's right, Jammy, and I think the term welcome
is a bit of an understatement. We are absolutely delighted
to have this. You know, we first started talking about
this eighteen months ago, and I remember our first meeting
with the Reserve Bank, you know, since I became spokesperson.
They basically said, no, there's no way to how we're
doing this, and here we are. It's just fantastic.
Speaker 2 (03:46):
How much of this has got to do with Adrian
or getting the he tho or jumping before he was pushed.
Speaker 4 (03:53):
Well, look, I think that's probably fair. But and I
certainly noticed that the voices for a review of the
capital requirements became a stronger from other parts. What's Adrian
all resigned? So look, I think there was undoubtedly here
sort of something there. But look, it's just such a
great thing to have happened. You know, this means so
much to farmers and the wider economy. Of forty four
(04:14):
thousand dollars for the average FEDS member represents such a
good return on their fed's investment.
Speaker 2 (04:19):
Or point out, yeah, well that's a shameless plug to
pay your Federated Farmer's subscription. I think you guys are
doing a good job on behalf of the farmers. So
as it stood, they wanted enough capital to withstand one
and two hundred year financial event. Now you think back
even in the past one hundred years we have had
(04:40):
just off the top of my head, and you can
go with the Wall Street crash of nineteen twenty nine. Obviously,
we've had the crash of eighty seven, we've had the
Asian crisis, the GFC, But going back two hundred years
seems unnecessarily cautious.
Speaker 4 (04:59):
That's in our view, Jamie, and it's out of step
with the rest of the world. You know, the rest
of the world is basically one in one hundred years
and for some reason Madrian or in the Reserve Bank
decided to sit down at one and turndred years and
effectively they've been over ensuring the financial sector and as
a result, farmers and in the water economy have been
patered the price.
Speaker 2 (05:18):
Okay, so that's not your only one, or is it? Actually?
Before I talk about your next big one, is it
a done deal? I mean they're going to review that.
Does that mean you're going to see any action?
Speaker 4 (05:29):
Look, obviously there's a bit of water to pass under
the bridge arm before we actually see the action. But
the review sitting in the first first step. And you know,
we've I think made a really strong case and so
have some other parties that have hopped on board a
bit later the Peace that they need to be reviewed
hopefully down to the pre twenty nineteen level, so the
one in one hundred year financial event. We think we've
(05:49):
got really good support from Minister Willis as well on this,
So look, I'm pretty comfortable going to get this over
the line, but it's not a done deal yet, Okay.
Speaker 2 (05:56):
The other big one for Federated Farmers is the review
of the net zero banks by the Commerce Commission. This
is the Zero Banking Alliance.
Speaker 4 (06:06):
Yes, so we wrote to the e Commerce Commission back
in December last year and asked them to investigate the
bank's full potential anti competitive or cartaeil white behavior with
their membership and actions relating to the new zero Banking Alliance.
And so the Commerce Commission actually wrote to us, I
think it was last week or the week before, saying
that they've decided, based on their prolemary investigations, to open
(06:29):
a full investigation into this potential cartel white behavior. So
that's a huge one as well. But I think it's
put the banks on notice that any potential anti competitive
behavior will be dealt with swiftly and potentially severely.
Speaker 2 (06:43):
Let's just finish you've had a couple of ones there,
federated farmers. What's the next battle to fight?
Speaker 4 (06:48):
Well, so the next battle, you know, to fight for
us is really the fundamental thing that farmers have been
telling us for the last eighteen months, two years, and
that's the service that they're getting from their banks is
the climate. You know, the communication isn't what it should be.
Farmers have felt that their banks haven't necessarily wanted them
as customers, and just the simple things a bank manager
(07:10):
coming out having a look around the farm, talking about
the future, all of that sort of thing and giving you,
I guess good information about how your farm sits. In
their eyes, has just dropped off. And we need to
see that improve. We need to see interest rates improved.
You know. These capital requirements will help, but we also
need the banks to sharpen their pencil as well with
their margins.
Speaker 2 (07:29):
Yeah, and I reckon a lot of small businesses. Small
business owners would echo exactly what the farmers are saying
regarding service. I blame the call centers, Richard. There you go.
You don't want to go to Mumbai to get your
bank and query sorted if you're living in gore Nook.
Speaker 4 (07:44):
Farmers are relationship people, Jamie. They actually like to know
the person that they're dealing with, liked better look them
in their eye in the eye and shake their hands.
And that's just you know, it's dropping off unfortunately as
banks to try to induce their cost to serve. And
so that's really good to change. But look, the other
thing I'm really wanting here well is for banks to
really work with farmers to basically make their interest more efficient,
(08:06):
so that they can structure their finances in a way
that the pay and the least interest possible. We've said
too many examples of farmers being made to run really
high overdrafts at the expense of term debt. So you know,
it's all those little things that just sort of add
up to really bad service at times.
Speaker 2 (08:24):
Yeah, some of those overdraft rates were daylight robbery.
Speaker 4 (08:29):
Yeah, oh definitely, Yeah, definitely just far too high. So
we're going to focus on that going forwards and we're
going to knock all that stuff off.
Speaker 2 (08:35):
Good on, you keep up the good work at Federated Farmers.
Richard McIntyre banking spokesperson, his old Barry Crump And who's
that is that? Any chromer? It was in the eighties
on the Best of the Country on Saturday morning, I
played some songs from Bob Gout because he was in
(08:57):
the country, Bob Geldoff's Live concert, and of course and Wembley.
They finished with do they Know It's Christmas? In Philadelphia
they finished with the world And there was a big
thing going on in the eighties for those of us
old enough to remember it. Of these kind of group
songs with multiple artists. They don't do them so much
(09:17):
these days, but this was a really good effort from
New Zealand artists. We're going to take a break on
the other side of it. One of the great New
Zealand economists, My favorite economist, I think I can say that,
Cameron Bagriy. He's going to be a keynote speaker at
the side conference next week. You're going to hear some
of his thoughts on Liberation Day. Up next what's Liberation Day, Well,
(09:40):
that's Thursday, New Zealand time, when Donald Trump announces as tariffs.
Speaker 5 (10:05):
Here we come and we are say.
Speaker 2 (10:09):
His name is Cameron bagrin Independent economists. Back in the day,
he was the chief economist for the A n Z.
Amongst other things. He will be one of the keynote
speakers at next week's side conference. In fact, Cameron, you're
up at Sparrows Fart because you're hosting the side breakfast
Wednesday week. What's going to be in your presentation.
Speaker 3 (10:30):
Well, I think most attention the moment is obviously what's
going on around the globe, and you know we're seeing
more flip flops and probably what walked the beach at Bondi.
In regard to you, what is looking to get Trump's
pair off policy? Economic pair off prey uncertainty is pretty
high in he Zeland as a small player at the
(10:53):
international table. But we need a friendly, least protectionist global environment.
We're starting to see more and more of is that,
whether be tariffs or non tariff barriers. You're just getting
a little bit tougher out there. So you see On
needs to be executing them awful lot better behind the
scenes in regard to a little bit more penetration in
regard to existing trade partners, but also opening up new
(11:16):
trade partners through trade dealers. And that's the big challenge
going for Fourth.
Speaker 2 (11:19):
Liberation Day is what Trump's calling it. It's April the
second US time, so that's Thursday, our time. What do
you think he's going to come out with will anyone
get an exemption or a free ride?
Speaker 3 (11:32):
Well, we don't know, and that's the big issue at
the moment. If we knew you could bank on this
sort of stuff with certainty, then that you're not going
to get surprised. Potentially we're going to see on so
called Liberation Day bill. What you got to think about here, dammy,
is just to step back and think about the bigger picture.
And the bigger picture is that for thirty years we've
(11:54):
been in an environment we're trade barriers, we're basically brought down,
and it was a friendly environment for a small, open
trading nation such New Zealand. We called it the Golden Era.
You know what we are now into globally is it's
not the Golden Era. It's a tougher eraror your trade
(12:16):
barriers are going up, whether that be of the tariff
or the non tariff sort of side, and that's going
to make life a little bit more difficult for trading
nations such in Zeon going forward. Yeah, so we've got
to be a little bit more selective. We've got to
be a lot more direct in regard to what are
we doing in regard to executing on the ground because
(12:37):
the global environment is going to be a lot less
friendly you. Evangelis Talas, who is in New Zealand's chief
Trade and go shadow, is openly referred to it as
the end of the Golden era. So we're going to
have to work an awful lot harder over the extra
ten years if we're going to get.
Speaker 2 (12:50):
Ahead, Cameron, I was just reading online a story from
Connor English, who's done some interesting and good commentary around
trade and tarr and he's saying that New Zealand has
twenty five billion dollars worth of two way trade and
goods and services obviously between New Zealand and the US
are twenty five percent tariff. And he's just thrown that
(13:11):
number out there. On exported goods to America of over
eight billion dollars, could see a two billion dollar bill.
But here's the question for you, who pays the two billion?
Is it ultimately the American consumers?
Speaker 6 (13:26):
Yeah?
Speaker 3 (13:26):
It is a consumer, right. Yeah. So that's the thing
about Paris is that someone pays in the line. And
what happens is that if you think about a stock
standard consumer, you've got X amount of dollars to go
around and if more of your disposable income is cheered
up by paying x amount more forward some goods, then
(13:48):
you've got less to spend on other goods. So you're
divert you're what you're spin on one, you avert and
you don't spend on the other. The bigger issue for
New Zealand is the consumers. They're not spending on our
goods or in other country's goods. And there might be
some diviews and opportunities here if in your zeland of
(14:09):
other countries get wet that we don't get wecked by
the same amount, then where are those opportunities and assert?
Speaker 2 (14:17):
Okay, let's just move on from Liberation Day. We'll wait
with baited breath to see what Trump comes up with.
Who knows, he might even change his mind between now
and then. Have we got effectively only two more OC
cuts in line before we bottom out?
Speaker 3 (14:32):
No, I'm thinking that the EOC in one of mine
is going to go to three to three point five,
so we're getting, i think, pretty close to the end
of the cutting cycle. So we were at three seventy
five at the moment. If you look at the ford curve,
the forward curve, is anticipating another two or so cuts
(14:52):
or what does that mean in practice? It means that
interest rate markets are busin anticipating at the moment, but
the loads and interest it's pretty well around the corner. Yeah.
So if you look at a one or two a
three year fixed mortgage rate, yea, this is probably not
too far away from the lows that would like to
see in the market and the absence of a big
(15:14):
global economic accident accident. But the market at the moment is, yeah,
it's forward looking. It's saying, yeah, we're going to get
another two maybe three that's already baked into the cake. Yeah.
What the reserve band does with the actual OCO over
an exit of yeah, three to six months is somewhat
incidental because financial market's already anticipating begin deliver two maybe three.
Speaker 2 (15:37):
Okay, And well, in summary, then here's the question, and
you might duck for cover on this one. Is now
as good a time as any to fix a wee
bit longer?
Speaker 3 (15:46):
Yeah? Well, I tell people it depends on your balance sheet, right,
or your attitudes to risk versus return. If you've got
a really strong balance sheet and you've got ready on
cash flow, and you can probably take a little bit
more risk within your portfolio and regard the infrastrates. Yeah,
(16:09):
but if you if your cash flow tight, if you
balance it's a little bit squeeze, then you probably take
want to pack a little bit more certainty in regard
to with that hedge, so you know where you're going
to be of an extit of one to two years.
Speaker 2 (16:21):
Hey, Cameron Bagory, thanks for your time, looking forward to
your company next week in Timaru for the South Islands
Dairy Event. It registrations are still open. Go online and
book especially for that breakfast on Wednesday morning you can
hear the great Cameron Bagory. Thanks for some of your
time looking forward to Thanks Cameron, it is twenty I
(16:44):
can't decide whether it's twenty six or twenty seven. After twelve,
I'm caught betwixt and between Michelle Now. This song was
released in nineteen eighty six ahead of Our Kaz's seven
Challenge for the nineteen eighty seven America's Cup. It's nine
weeks at number one. Now look at the cast. I'm
(17:04):
going to go a bit later in the show. Tell
you who was in the chorus. Some really interesting New
Zealanders in there, but the main singers Dave Dobbyin the
Late Billy t James Tim Finn, the Late Bunny Walters
is Bunny Walters still alive, Michelle No.
Speaker 7 (17:19):
Twenty sixteen.
Speaker 2 (17:20):
Okay, Bunny's no longer with us. Barry Crump's no longer
with us. Annie Crumber still is. Hammond Gamble as far
as I know, is good singer Hammer Hammond Gamble Beaver.
Suzanne Prentiss still an Impicargo, John Hargronell sadly no longer
with us, The guys from the Satellite Spies, the pop
group Sunny Day, Ray Wolf and Suzanne Lynch. There you go.
(17:44):
That was the cast of the song way back in
nineteen eighty six. Up next, Joe Luxton, LABOURZAGG spokesperson The
Challenge Laplie.
Speaker 5 (18:04):
Is working.
Speaker 2 (18:09):
Joe Luxton's Labour's agriculture spokesperson, Joe. I don't want to
tell you how to do your job, but I'm going
to anyhow, here's an issue that you really need to
get your teeth into. IKEA. This is the outfit that's
buying all our sheep and beef farms for carbon farming offsets,
blanket planting them all, even the really good productive land
and they won't use New Zealand beef in their meat
(18:32):
balls here in New Zealand. Apparently that would be a
good topical issue to get stuck into, Jamie.
Speaker 6 (18:39):
You know, that's a really good and interesting topic to
get into and something I'll have to have a bit
of a look into. I wasn't aware of that.
Speaker 3 (18:46):
One, Jamie, So and thanks for the turp pole.
Speaker 6 (18:49):
I'll have a look at that now.
Speaker 1 (18:50):
Now.
Speaker 2 (18:50):
To be fair, your predecessor, Damian O'Connor did have a
crack at trying to stem the flow of carbon farming
and the likes of Ike. You say, we're intoduction forestry. Yeah, yeah, yeah,
but they're also wanting the carbon offsets. And the worst
thing is they're blanket planting farms and that is the killer.
(19:11):
So what maybe, as a bipartisan approach, can the government
and the opposition do about this?
Speaker 3 (19:17):
Yes, it's interesting.
Speaker 6 (19:18):
I know that when we were last in government, we
were moving to the right tree in the right place,
and so the ability for councils to grant consents or not,
you know, it was sort of put over into their
hands to give them more ability councils in their communities.
But you know, we're still seeing it happening. And of
course are the eats the way it's sort of set up,
(19:40):
and the incentive incentivizes it, doesn't it. You know, so
there seems to be a bit more money available for
getting into that type of industry. But you are right,
there does need to be a serious conversation had about
it and how because you know, we're seeing communities disappear,
when we're seeing good productive farmland turned into forestry, and what.
Speaker 2 (20:00):
Are we going to eat? Has anyone ever thought of that?
Speaker 3 (20:03):
That's a good point.
Speaker 6 (20:04):
That's a good point.
Speaker 5 (20:04):
Can we.
Speaker 2 (20:06):
No, don't start me on that one, mind you. A
bigger disaster for the country would be a center left government, Joe,
And I guess I'd have to live with labor if
you were to lead a center left government. But can
you really govern with the Greens? Tamotha, Paul Benjamin Dowell.
(20:26):
You know, a lot of.
Speaker 6 (20:28):
Waters go under the bridge before the next election, Jamie,
and those sorts of conversations between you know, potential coalition
partners and all those kinds of things, they happen a
lot further down the stoor.
Speaker 2 (20:38):
Oh no, no, hang on, Joe, I'll correct you there
Winston's already decided, he's already kicked you to touch. The
only way you can form a government and twenty twenty
six is with the Greens. And if that's not bad
enough to party Maury, what a rebel, Joe, what a
rebel that would be.
Speaker 6 (20:54):
I don't know about that, Jamie. But the thing that
we're focused on as a labor part in our labor
caucus is just focusing on hotting the government to account
currently and like I say, closer to an election or
beyond the election results has when those sorts of conversations
will be had. And look, you know, Winston might have
kicked us for touch now at this point, but you
(21:15):
never say never was Winston. So yeah, you never know
what he's really going to do.
Speaker 3 (21:19):
No.
Speaker 2 (21:19):
I just think there's too much bad blood there exactly
the same reason this is why Winston wouldn't put a
national government in in twenty seventeen, just too much bad blood.
How did you enjoy Kerwee the South Island Field days,
which is just up the road from your former home page.
Speaker 6 (21:35):
Yeah, it was great, beautiful morning. I think we got there.
We just when the weather was before it sort of
turned a we but that was great and we got
had some beautiful lamb chops through succulent lamb chops, and
we were given a tour round and you know, the
reception was really great, really thoroughly enjoyed that. It's actually
my first time at Kerwe, so that was really neat
(21:57):
to go there. Well set up, very well organized, and
really well attended from what I was seeing. And next
day we were off to the high Country Field Days,
which was great.
Speaker 2 (22:08):
Talk to me about that High Country Field Day the following.
Speaker 6 (22:11):
Day, absolutely outstanding brief taking views, but it was really
really interesting.
Speaker 3 (22:18):
I hadn't been to those.
Speaker 6 (22:19):
Before either, so we were only able to stay for
the first station that we went to. But what I
really liked was the speakers that they had. They had
different people come and talk about things, in particular the
wilding pines in what an absolute issue that is. It's
one of the biggest, if not the biggest issue. I
(22:41):
think we might do a bit of thinking around how
we might support support that when we're next in government
as well. But really good day that we had anyway,
and I think the rest of the afternoon would have
been very successful, But just what an amazing event.
Speaker 3 (22:55):
I've never been to A one.
Speaker 6 (22:56):
I'm looking forward to going again.
Speaker 2 (22:58):
So I'm having nightmare about when you're next in government
with Tamitha and Benjamin. I can't sleep at night worrying
about it. Not to mention Debbie and Raweri.
Speaker 4 (23:09):
Look, I think it's the thing you're fixating about it.
Speaker 1 (23:12):
No, No, I'm not.
Speaker 2 (23:13):
I'm worried about that. I'm worried about the future of
our country.
Speaker 6 (23:17):
Well, you know, as we all are worried about the
future of our country and our own ways. And that's
why we're focusing on the things that are important, you know.
Speaker 3 (23:25):
For New Zealanders.
Speaker 6 (23:26):
Job's, health and homes are critical for people, and that's
what we're focusing on. We're not focusing on what other
parties are doing. Is that And I've said to you before, Jamie,
is one way, you know, to make sure that you
know I vote for labor, Jamie, I'm sure you can
do it well.
Speaker 2 (23:42):
As Bill Clinton's financial advisor said, Joe, it's all about
the economy. Stupid. Anyhow, that's my that's my parting shot.
Lovely to chat Jamie twenty five away from one. Thanks
Joe some of your feedback. Watching the news last night,
I was appalled with that green mpiece. This texter Jared
from christ Church is referring, of course, to Benjamin Dawele
(24:06):
appalled with that green MP's appearance in the house. I
thought there was a standard address. Well, no, there's not.
You can thank Trevor Millard for that. There's another planker,
Winston always looks immaculate as in the house, and he does.
He is a dap addresser, whether you love them or
loathe them. Any pine trees younger than a certain age,
pull them out. No right tree, right place. They're fine.
(24:29):
But let's just not plant productive grazing land in pine trees.
As someone else texts and saying there's plenty of venison
to eat in the forest, Jamie, no need for sharing, drenching,
dipping or drafting with free range organic venison. And it's free,
how good And I'll tell you what it tastes, brilliant.
And then it's another one funny that companies like Ikea
(24:51):
can offset their emissions, but as farmers we can't. Good
point right up next Rural News, Sports News, Before the
end of the John mcavinny she I don't know if
want to let him off the chain today and fell
Duncan on the atmospheric River God. Welcome back to the country.
(25:15):
Very shortly the latest in rural news and sports news.
But first, if you're dealing with roundworm management drench resistance
where you just want to future proof your stock, you
need to tune into our brand new podcast series drench
Wise Farm Smart, brought to you an association with Alanco.
This series goes beyond just drenching. It's about smart and
(25:37):
more sustainable parasite control to protect your animals, your land
and of course your bottom line. Episode one has just
been released. In it Rowena is joined by industry veteran
Colin Mackay no relation from Alanco, an experienced large animal
vet Brent Neil. They break down the science, share real
world solutions and give you practical steps to keep you
(25:59):
fond operation ahead of the game. So whether you're in
the yards, out on the tractor or kicking back after
a long day, make sure you tune into drench Wise
Farm Smart. You'll find it on the Country's podcast stream
or wherever you get your podcasts, plus the links up
on our Facebook page.
Speaker 1 (26:24):
Love the Country's world news with Culp Cadet, New Zealand's
leading right on Lawn bower Bread. Visit steel Ford dot
co dot nzent for your local stockist.
Speaker 2 (26:33):
Twenty away from one, here's Michelle with the latest and
rural news.
Speaker 7 (26:37):
Fontira Dairy Warmer or the Year finalists have been announced.
Francis Beaston, a passionate Canterbury dairy farmer, is the first announcement.
Speaker 1 (26:45):
There.
Speaker 7 (26:45):
We've got Joe Sheridan who's a dedicated Wye Cattle based
leader in the dairy industry and Lara Sutton, a dynamic
industry professional and herd owning Sheermilkup, also based in the
wy Kettle. Of course, the big winner will be announced
on May first, which is come around pretty quickly at
a gala dinner.
Speaker 2 (27:01):
Jamie excellent.
Speaker 1 (27:04):
Sport with AFCO. Visit them online at AFCO dot co
dot nzed.
Speaker 2 (27:09):
And there's some great names who have been the Fonterra
Dairy Woman of the Year. And we'll add another one
to that one on the first to make well. I'm
playing Team New Zealand in the days when we were
Team New Zealand. Anyhow, Team new Zealand says this is
Grant says, it's on. It understands the decision from the
government to not invest in the next America's Cup on
(27:30):
home waters that will send the regatta abroad. The syndicate
says it understands times are tough. Not for Grant though
and former Black And he's a champion bloke, an absolute
champion bloke. Former Black Cats pace bowler Neil Wagners secured
an English county contract as his New Zealand first class
(27:51):
cricketing career ends today right here in Dunedin. He's off
to Durham in June. Wagner's Northern District side are tickets
away from the Plunket Shield on the final day against
Otago right here and Dunedin's Otago can't win it, So
I say good luck Neil Wagner. He's a great Otago cricket.
(28:11):
We'd love to send you out on a winning note.
Up next, John mcavinnie. John mcavinnie is a wait Toomo,
sheep and beef farmer, also the chief executive of steel
for great supporters of us here on the country. John,
(28:32):
be on your best behavior today when you start talking
about the Greens and to party marry. But I'm not
going to start with that because I know you're ready
to fire up on that one. I want to start
with a North Island farming conditions. You live on the
eighth fairway at that beautiful Mount Monganery golf course. You
drive across the Waikato region to get to your Waitomo
sheep and beef farm. Start by telling me how bad
(28:54):
is the white cato at the moment.
Speaker 8 (28:57):
Well went over there last Friday. We hear sort of
corterly meet there on Saturday, and it's there's just no
tucker at all. It's got a little green sort of
tinge about it, which is really probably because of the
jews that are happening at the moment, but there's just
no tucker on there at all. Some of the paddocks
are black. You know, I've got am My son in
(29:19):
law's got a mon Israla's got a the exam over there,
and I called in there, you know, a week or
ten days ago, and this he's got nothing, absolutely nothing,
And you know they're feeding hay out and silas and
that sort of thing just to keep there. They've dried
off already, and it's I don't think I've ever seen
them one kado like that. Usually, you know, they get
(29:40):
those sort of autumn rains and it sort of picks
up and then it starts to grow of it, hopefully
this week. You know, they're talking about getting a reasonable
amount of rain on Wednesday, Tuesday, Friday, so I hope
that comes to fruition. So yeah, but I haven't seen
a kado like that either.
Speaker 2 (29:56):
Oh well, he's open that the atmospheric river does it's work,
but not all at once. Okay, Going a bit further
west than the White Caddow region over to where you are,
which is really what coastal King Country, I suppose, why homo,
how are you faring there?
Speaker 8 (30:12):
It's dry, but you know, we've had a little bit
of rain, Like when I was there a month ago,
we probably had fifty mills of rain out there, and
you know it's you know, we're short, and you know,
you'd like to see the calves and the lambs. I
suppose you call them a bit hard. But you know,
if we get anything like any rain, it'll just come
away again. And it's you know, the good thing about
(30:34):
it at the moment, of course, is the pricing. You know,
we're talking about lamb pricing at ten bucks of quilo
beef is going to be around eight fifty or thereabouts
in and they're talking about next year ten dollars fifty
pm in the next two years look fantastic, and it'll be.
It'll be great for the country because at the end
of the day, it's a farming sector that's going to
(30:56):
drag this country out of the problems that it's gone.
Speaker 2 (30:59):
Absolutely. But a bit later this week we've got Liberation
Day from the Trumpster. We don't know what he's going
to do. That is the dark cloud on the horizon. Well,
I definitely hope you do get some rain. It's desperately needed.
So you talked about your prices. Have you sold you
won't have sold your autumn carves yet?
Speaker 8 (31:17):
No, No, In fact, we're not going to sell them.
I'm going to get rid of some of the bottom
end stuff, the small stuff at the you know when
we ween in May, but we're going to hang on
to them. I've dropped a few cows off, We've dropped
a bet one hundred and twenty one hundred and fifty
cows off the bottom and we're going to carry on
with the wieners. Instead of selling them in the wiener market,
(31:37):
we're going to take them through until the spring market,
until October. So yeah, we'll have six hundred cars to sell.
So you know, you know, if we get the rain
and things look you know like it should happen, will
be fine.
Speaker 2 (31:52):
Yep, Okay. Do you remember the good old days of
Rod Donald, co leader of the Green Party with Jeanette FitzSimons.
He died in office in two thousand and five and
I got to know him quite well because he used
to be a regular on my show, as was James
Short John maca any. I just couldn't bring myself. I
did put in a request when Chloe took over as
(32:13):
leader or co leader of the Green Party to have
a slot, just to appear to be balanced, but I
couldn't talk to them. Now what a rabble.
Speaker 8 (32:22):
Well, I look at this thing that's Benjamin Doyle fiesco
at the moment, and.
Speaker 4 (32:26):
I say, how the hell did we get people in.
Speaker 8 (32:30):
Parliament getting two hundred grand a year like he's getting
making decisions for the country. I'll tell you I kissed
the ground that Whenston Peters walks on at the moment,
because you know that guy there is absolute disgrace and
I can understand how the Greens hold what they do.
(32:52):
It's just, I mean, people must be absolutely blind to
see what's happening there. And you know, I watched that
going on TV last night, and I'm probably a bit
of a dinosaur, Jamie.
Speaker 2 (33:03):
You know, in terms of well, just be careful here,
I might get sue, John, just be careful away you
go to speak out on the farm.
Speaker 8 (33:09):
I just look at the guy and say, you know,
how do we have people like that?
Speaker 2 (33:14):
Well, it's called diversity and inclusion and equity, John, get
what the times? Yeah?
Speaker 8 (33:20):
Okay, Well, well maybe it's too late for me, Jamie.
Your friend must be looking at it and saying, thank god,
I'm out of that dirty crack our that's happening in
that round building down there. He must be seeing, thank god,
I'm out of there. Yeah, absolutely, absolutely embarrassed.
Speaker 2 (33:37):
He was a good man, James, sure, a very good man.
All right, Just put on your steel fought hat for
a ticket. How's business going are we seeing? You know,
I hate to use the word green shoots, but is
the economy starting to recover? Are people starting to buy
lawn mowers and ride ons and everything you sell at
steel Fort?
Speaker 8 (33:56):
Definitely? I mean, you know, while the way keadow's dry,
and you know, we've probably dry over here in the
Bay of Plenty, not all the countries like that. You know,
you go to the Hawk's Bay and Gisbon and down south.
I mean, you know, I've got a couple of grandsons
Lincoln the other day, and you know he says that
it's the green airs down there, looks fantastic. So not
all the country is dry. And you know at this stage,
(34:20):
you know, our calendar year is the fiscal year. So
we started January February, we've just finished March, and we're
up about thirty percent on last year. So I can't
be unhappy about.
Speaker 2 (34:32):
That, right, I'll let you go. John mcavenny. I think
we got away with that and you didn't get me sued.
Speaker 8 (34:37):
Good to check, always good to talk to you, and that,
oh John, no time.
Speaker 2 (34:43):
To waste up. Next Phil Duncan on the Atmospheric River,
coming our way right, just welcome back to the country.
By the way, just when you need to wear the
(35:04):
man to turn up, he's missing an action. Michelle's desperately
trying to get a hold of him. Now, Fell Duncan
in the Atmospheric River. We want to know if the
drought's going to break. There you go, Michelle, see if
we can get them. I don't know what to do here.
I'll tell you what I do. The beauties of live radio.
(35:27):
So I did talk to you about this song sailing away? Alright,
we've got him, right, fell Duncan. Where are you?
Speaker 3 (35:34):
Sorry?
Speaker 6 (35:35):
Hello, I'm here.
Speaker 2 (35:35):
I'll tell you what you were so close to getting
the sack. Even though you've been my most longest serving
weather man, you make an appointment further, you've got to
stick to it, especially.
Speaker 5 (35:45):
When you hear turn up.
Speaker 2 (35:47):
Well, how does that affect me?
Speaker 5 (35:51):
A good point?
Speaker 2 (35:52):
Talk to the handfel talk to me about the atmospheric river.
Is the drought going to break?
Speaker 5 (35:57):
Look, I don't know if it's enough to break all
of their dry area, but it's going to be really,
really welcome because some of the heaviest falls are going
to be heading those regions around Taranaki up to Auckland
and Northland. Getting anywhere between forty and over one hundred
millimeters is sort of the general rule of thumb to
the North Island unless you're on the eastern side Hawk's
(36:17):
Bay Canterbury aren't going to be seeing those sorts of numbers.
But we've seen some pretty heavy rain coming into the
Nelson region and that's one area where it might be
too much of a good thing. There could be a
couple of hundred millimeters coming into that part west of
Nelson in the ranges.
Speaker 2 (36:31):
Well, and I know that the Tasman region is particularly dry,
but the problem with the super dry soils is you
create a great amount of runoff if it comes too quickly.
Speaker 3 (36:41):
That's right.
Speaker 5 (36:41):
There could be slips and flooding in both of the
main islands as a result of this front coming through,
but it's broken up. You know, places like Northland and
Auckland where there are a proper meteorological drought, quite large
drought zones. Now they are likely to get a drink.
But whether it's enough to really reverse everything. We will
need more rain after it is a little bit coming
as we go on to next week as well. So
(37:02):
that's a good setup, but by mid month we might
be back to more high dry pressure again.
Speaker 2 (37:07):
Well, let's hope it's meaningful and doesn't come too quickly.
A year old enough to remember the nineteen eighty seven
America's Cup Phil Duncan Sailing Away. Do you remember that song?
And Michael Fay and David rich White were funding it.
They had lots of money that.
Speaker 5 (37:22):
Was a great song. I had that song stuck in
my head for years.
Speaker 2 (37:25):
Yeah, well I was just just to finish the show.
I talked about all the people who were the lead singers,
but look who was in the chorus. Phil. This has
got nothing to do with an atmospheric river, but it's interesting.
Doogle Stevenson newsread a precious Mackenzie the weightlifter. Peter Williams,
Hello Peter, if you're listening to a top rural show.
Peter Sinclair, the entertainer, Graham Lowe, rugby league coach, Roger Gascoyne,
(37:48):
Ann Ferguson, Paul McDonald, Chris Lewis, Glenn Turner, Keith Quinn,
Alex Alex Griswilie who passed away a week or so ago.
The New are members of the New Zealand Marle Correll
and the Parnell Primary School. They were in the background.
What a great song. No, well, there you go. So
I'm just going to leave the show with that fella,
(38:10):
and your employment is safe for one more week. But
don't do it again, Okay, don't do it again. Let's
hope the atmospheric river brings some relief. Will catch you
again tomorrow, not.
Speaker 1 (38:27):
Catch all the latest from the land. It's the Country
Podcast with Jamie McGue Thanks to friend, you're specialist in
John Deere construction equipment
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay thanks to Brent, the starkest of
the leading agriculture brands.
Speaker 2 (00:11):
We come and we are sayly.
Speaker 3 (00:16):
Here we come.
Speaker 1 (00:17):
We're on our way in just calm newsy where together
that sound one people on the wall, one people on the.
Speaker 2 (00:38):
Land, get to New Zealand. Welcome to the Country. I'm
Jamie McKay. Remember this one when we went over to
Freemantle to have a crack at the America's Cup and
the it was it about nineteen eighty seven. I think, well,
we won't be defending it at home. If you haven't
heard the news, it's going somewhere else. That great patriot
(00:59):
Bran Dalton's to to hold it somewhere else. But that's
another issue for another day. Today we're going to concentrate
on a big win for Federated Farmers, who's my run sheet.
So along with other organizations, I've been getting into the
air of the Prime Minister, the Minister of Finance regarding
the banking inquiry and the Reserve Bank is going to
(01:22):
review its capital requirements not before time, and that has
been welcomed by Federated Farmers Richard McIntyre to kick off
the show. Cameron Bagri, Independent Economists, one of the keynotes speakers.
In fact, he's hosting a breakfast next week at the
side conference in Cimaru, having a look at it, having
a look at Liberation Day as Trump's calling it Thursday,
(01:45):
our time, will know what he's going to do around
Tariff's Joe Luxton, Labour's agg spokesperson. What has she been
up to and how could she possibly possibly govern? With
the wombats in the Greens and to party Maury John
of any Whitimo sheep and beef farmer Phil Duncan. An
atmospheric river is coming our way and it will be welcomed,
(02:06):
especially by farmers in the North Island. One of those
farmers who is getting pretty dry, as Richard McIntyre Federated
Farmer's Dairy Chair, also the banking spokesperson. Just before we
talk about your big one, Richard, how are you faring
in the man or two.
Speaker 4 (02:23):
Well, we're still pretty dry, Jamie. We had some rain
about ten days ago and so we're suddenly green up
a little bit, but there's still no feed at all
for us. We are two thirds of the way through
audun carving as well. So yeah, we're feeding at a
hell of a lot at the moment, but I know
a lot of other other regions are as well.
Speaker 2 (02:38):
I had a friend send me a picture last night
of a pasture in the Wyehadow region. It's like a desert.
Speaker 4 (02:46):
Yeah, they look really really feel for our White Heat
and Nankee friends in particular that are really struggling at
the moment for feed.
Speaker 3 (02:53):
Yeah.
Speaker 4 (02:53):
Yeah, it's a difficult time. Unfortunely, we all go through
it every now and then, and so it's just going
to be about continuing to make the best decisions going
forward and making sure that no one torpedos next season
to try and regain some production this season.
Speaker 2 (03:08):
Federated Farmers welcomes the announcement or welcome the announcement yesterday
that the Reserve Bank will be reviewing its capital requirements
which have been costing farmers a fortune. And you're saying, basically,
Richard McIntyre, it's an extra forty four grand of interest
payments for your average farmer.
Speaker 4 (03:28):
Yeah, that's right, Jammy, and I think the term welcome
is a bit of an understatement. We are absolutely delighted
to have this. You know, we first started talking about
this eighteen months ago, and I remember our first meeting
with the Reserve Bank, you know, since I became spokesperson.
They basically said, no, there's no way to how we're
doing this, and here we are. It's just fantastic.
Speaker 2 (03:46):
How much of this has got to do with Adrian
or getting the he tho or jumping before he was pushed.
Speaker 4 (03:53):
Well, look, I think that's probably fair. But and I
certainly noticed that the voices for a review of the
capital requirements became a stronger from other parts. What's Adrian
all resigned? So look, I think there was undoubtedly here
sort of something there. But look, it's just such a
great thing to have happened. You know, this means so
much to farmers and the wider economy. Of forty four
(04:14):
thousand dollars for the average FEDS member represents such a
good return on their fed's investment.
Speaker 2 (04:19):
Or point out, yeah, well that's a shameless plug to
pay your Federated Farmer's subscription. I think you guys are
doing a good job on behalf of the farmers. So
as it stood, they wanted enough capital to withstand one
and two hundred year financial event. Now you think back
even in the past one hundred years we have had
(04:40):
just off the top of my head, and you can
go with the Wall Street crash of nineteen twenty nine. Obviously,
we've had the crash of eighty seven, we've had the
Asian crisis, the GFC, But going back two hundred years
seems unnecessarily cautious.
Speaker 4 (04:59):
That's in our view, Jamie, and it's out of step
with the rest of the world. You know, the rest
of the world is basically one in one hundred years
and for some reason Madrian or in the Reserve Bank
decided to sit down at one and turndred years and
effectively they've been over ensuring the financial sector and as
a result, farmers and in the water economy have been
patered the price.
Speaker 2 (05:18):
Okay, so that's not your only one, or is it? Actually?
Before I talk about your next big one, is it
a done deal? I mean they're going to review that.
Does that mean you're going to see any action?
Speaker 4 (05:29):
Look, obviously there's a bit of water to pass under
the bridge arm before we actually see the action. But
the review sitting in the first first step. And you know,
we've I think made a really strong case and so
have some other parties that have hopped on board a
bit later the Peace that they need to be reviewed
hopefully down to the pre twenty nineteen level, so the
one in one hundred year financial event. We think we've
(05:49):
got really good support from Minister Willis as well on this,
So look, I'm pretty comfortable going to get this over
the line, but it's not a done deal yet, Okay.
Speaker 2 (05:56):
The other big one for Federated Farmers is the review
of the net zero banks by the Commerce Commission. This
is the Zero Banking Alliance.
Speaker 4 (06:06):
Yes, so we wrote to the e Commerce Commission back
in December last year and asked them to investigate the
bank's full potential anti competitive or cartaeil white behavior with
their membership and actions relating to the new zero Banking Alliance.
And so the Commerce Commission actually wrote to us, I
think it was last week or the week before, saying
that they've decided, based on their prolemary investigations, to open
(06:29):
a full investigation into this potential cartel white behavior. So
that's a huge one as well. But I think it's
put the banks on notice that any potential anti competitive
behavior will be dealt with swiftly and potentially severely.
Speaker 2 (06:43):
Let's just finish you've had a couple of ones there,
federated farmers. What's the next battle to fight?
Speaker 4 (06:48):
Well, so the next battle, you know, to fight for
us is really the fundamental thing that farmers have been
telling us for the last eighteen months, two years, and
that's the service that they're getting from their banks is
the climate. You know, the communication isn't what it should be.
Farmers have felt that their banks haven't necessarily wanted them
as customers, and just the simple things a bank manager
(07:10):
coming out having a look around the farm, talking about
the future, all of that sort of thing and giving you,
I guess good information about how your farm sits. In
their eyes, has just dropped off. And we need to
see that improve. We need to see interest rates improved.
You know. These capital requirements will help, but we also
need the banks to sharpen their pencil as well with
their margins.
Speaker 2 (07:29):
Yeah, and I reckon a lot of small businesses. Small
business owners would echo exactly what the farmers are saying
regarding service. I blame the call centers, Richard. There you go.
You don't want to go to Mumbai to get your
bank and query sorted if you're living in gore Nook.
Speaker 4 (07:44):
Farmers are relationship people, Jamie. They actually like to know
the person that they're dealing with, liked better look them
in their eye in the eye and shake their hands.
And that's just you know, it's dropping off unfortunately as
banks to try to induce their cost to serve. And
so that's really good to change. But look, the other
thing I'm really wanting here well is for banks to
really work with farmers to basically make their interest more efficient,
(08:06):
so that they can structure their finances in a way
that the pay and the least interest possible. We've said
too many examples of farmers being made to run really
high overdrafts at the expense of term debt. So you know,
it's all those little things that just sort of add
up to really bad service at times.
Speaker 2 (08:24):
Yeah, some of those overdraft rates were daylight robbery.
Speaker 4 (08:29):
Yeah, oh definitely, Yeah, definitely just far too high. So
we're going to focus on that going forwards and we're
going to knock all that stuff off.
Speaker 2 (08:35):
Good on, you keep up the good work at Federated Farmers.
Richard McIntyre banking spokesperson, his old Barry Crump And who's
that is that? Any chromer? It was in the eighties
on the Best of the Country on Saturday morning, I
played some songs from Bob Gout because he was in
(08:57):
the country, Bob Geldoff's Live concert, and of course and Wembley.
They finished with do they Know It's Christmas? In Philadelphia
they finished with the world And there was a big
thing going on in the eighties for those of us
old enough to remember it. Of these kind of group
songs with multiple artists. They don't do them so much
(09:17):
these days, but this was a really good effort from
New Zealand artists. We're going to take a break on
the other side of it. One of the great New
Zealand economists, My favorite economist, I think I can say that,
Cameron Bagriy. He's going to be a keynote speaker at
the side conference next week. You're going to hear some
of his thoughts on Liberation Day. Up next what's Liberation Day, Well,
(09:40):
that's Thursday, New Zealand time, when Donald Trump announces as tariffs.
Speaker 5 (10:05):
Here we come and we are say.
Speaker 2 (10:09):
His name is Cameron bagrin Independent economists. Back in the day,
he was the chief economist for the A n Z.
Amongst other things. He will be one of the keynote
speakers at next week's side conference. In fact, Cameron, you're
up at Sparrows Fart because you're hosting the side breakfast
Wednesday week. What's going to be in your presentation.
Speaker 3 (10:30):
Well, I think most attention the moment is obviously what's
going on around the globe, and you know we're seeing
more flip flops and probably what walked the beach at Bondi.
In regard to you, what is looking to get Trump's
pair off policy? Economic pair off prey uncertainty is pretty
high in he Zeland as a small player at the
(10:53):
international table. But we need a friendly, least protectionist global environment.
We're starting to see more and more of is that,
whether be tariffs or non tariff barriers. You're just getting
a little bit tougher out there. So you see On
needs to be executing them awful lot better behind the
scenes in regard to a little bit more penetration in
regard to existing trade partners, but also opening up new
(11:16):
trade partners through trade dealers. And that's the big challenge
going for Fourth.
Speaker 2 (11:19):
Liberation Day is what Trump's calling it. It's April the
second US time, so that's Thursday, our time. What do
you think he's going to come out with will anyone
get an exemption or a free ride?
Speaker 3 (11:32):
Well, we don't know, and that's the big issue at
the moment. If we knew you could bank on this
sort of stuff with certainty, then that you're not going
to get surprised. Potentially we're going to see on so
called Liberation Day bill. What you got to think about here, dammy,
is just to step back and think about the bigger picture.
And the bigger picture is that for thirty years we've
(11:54):
been in an environment we're trade barriers, we're basically brought down,
and it was a friendly environment for a small, open
trading nation such New Zealand. We called it the Golden Era.
You know what we are now into globally is it's
not the Golden Era. It's a tougher eraror your trade
(12:16):
barriers are going up, whether that be of the tariff
or the non tariff sort of side, and that's going
to make life a little bit more difficult for trading
nations such in Zeon going forward. Yeah, so we've got
to be a little bit more selective. We've got to
be a lot more direct in regard to what are
we doing in regard to executing on the ground because
(12:37):
the global environment is going to be a lot less
friendly you. Evangelis Talas, who is in New Zealand's chief
Trade and go shadow, is openly referred to it as
the end of the Golden era. So we're going to
have to work an awful lot harder over the extra
ten years if we're going to get.
Speaker 2 (12:50):
Ahead, Cameron, I was just reading online a story from
Connor English, who's done some interesting and good commentary around
trade and tarr and he's saying that New Zealand has
twenty five billion dollars worth of two way trade and
goods and services obviously between New Zealand and the US
are twenty five percent tariff. And he's just thrown that
(13:11):
number out there. On exported goods to America of over
eight billion dollars, could see a two billion dollar bill.
But here's the question for you, who pays the two billion?
Is it ultimately the American consumers?
Speaker 6 (13:26):
Yeah?
Speaker 3 (13:26):
It is a consumer, right. Yeah. So that's the thing
about Paris is that someone pays in the line. And
what happens is that if you think about a stock
standard consumer, you've got X amount of dollars to go
around and if more of your disposable income is cheered
up by paying x amount more forward some goods, then
(13:48):
you've got less to spend on other goods. So you're
divert you're what you're spin on one, you avert and
you don't spend on the other. The bigger issue for
New Zealand is the consumers. They're not spending on our
goods or in other country's goods. And there might be
some diviews and opportunities here if in your zeland of
(14:09):
other countries get wet that we don't get wecked by
the same amount, then where are those opportunities and assert?
Speaker 2 (14:17):
Okay, let's just move on from Liberation Day. We'll wait
with baited breath to see what Trump comes up with.
Who knows, he might even change his mind between now
and then. Have we got effectively only two more OC
cuts in line before we bottom out?
Speaker 3 (14:32):
No, I'm thinking that the EOC in one of mine
is going to go to three to three point five,
so we're getting, i think, pretty close to the end
of the cutting cycle. So we were at three seventy
five at the moment. If you look at the ford curve,
the forward curve, is anticipating another two or so cuts
(14:52):
or what does that mean in practice? It means that
interest rate markets are busin anticipating at the moment, but
the loads and interest it's pretty well around the corner. Yeah.
So if you look at a one or two a
three year fixed mortgage rate, yea, this is probably not
too far away from the lows that would like to
see in the market and the absence of a big
(15:14):
global economic accident accident. But the market at the moment is, yeah,
it's forward looking. It's saying, yeah, we're going to get
another two maybe three that's already baked into the cake. Yeah.
What the reserve band does with the actual OCO over
an exit of yeah, three to six months is somewhat
incidental because financial market's already anticipating begin deliver two maybe three.
Speaker 2 (15:37):
Okay, And well, in summary, then here's the question, and
you might duck for cover on this one. Is now
as good a time as any to fix a wee
bit longer?
Speaker 3 (15:46):
Yeah? Well, I tell people it depends on your balance sheet, right,
or your attitudes to risk versus return. If you've got
a really strong balance sheet and you've got ready on
cash flow, and you can probably take a little bit
more risk within your portfolio and regard the infrastrates. Yeah,
(16:09):
but if you if your cash flow tight, if you
balance it's a little bit squeeze, then you probably take
want to pack a little bit more certainty in regard
to with that hedge, so you know where you're going
to be of an extit of one to two years.
Speaker 2 (16:21):
Hey, Cameron Bagory, thanks for your time, looking forward to
your company next week in Timaru for the South Islands
Dairy Event. It registrations are still open. Go online and
book especially for that breakfast on Wednesday morning you can
hear the great Cameron Bagory. Thanks for some of your
time looking forward to Thanks Cameron, it is twenty I
(16:44):
can't decide whether it's twenty six or twenty seven. After twelve,
I'm caught betwixt and between Michelle Now. This song was
released in nineteen eighty six ahead of Our Kaz's seven
Challenge for the nineteen eighty seven America's Cup. It's nine
weeks at number one. Now look at the cast. I'm
(17:04):
going to go a bit later in the show. Tell
you who was in the chorus. Some really interesting New
Zealanders in there, but the main singers Dave Dobbyin the
Late Billy t James Tim Finn, the Late Bunny Walters
is Bunny Walters still alive, Michelle No.
Speaker 7 (17:19):
Twenty sixteen.
Speaker 2 (17:20):
Okay, Bunny's no longer with us. Barry Crump's no longer
with us. Annie Crumber still is. Hammond Gamble as far
as I know, is good singer Hammer Hammond Gamble Beaver.
Suzanne Prentiss still an Impicargo, John Hargronell sadly no longer
with us, The guys from the Satellite Spies, the pop
group Sunny Day, Ray Wolf and Suzanne Lynch. There you go.
(17:44):
That was the cast of the song way back in
nineteen eighty six. Up next, Joe Luxton, LABOURZAGG spokesperson The
Challenge Laplie.
Speaker 5 (18:04):
Is working.
Speaker 2 (18:09):
Joe Luxton's Labour's agriculture spokesperson, Joe. I don't want to
tell you how to do your job, but I'm going
to anyhow, here's an issue that you really need to
get your teeth into. IKEA. This is the outfit that's
buying all our sheep and beef farms for carbon farming offsets,
blanket planting them all, even the really good productive land
and they won't use New Zealand beef in their meat
(18:32):
balls here in New Zealand. Apparently that would be a
good topical issue to get stuck into, Jamie.
Speaker 6 (18:39):
You know, that's a really good and interesting topic to
get into and something I'll have to have a bit
of a look into. I wasn't aware of that.
Speaker 3 (18:46):
One, Jamie, So and thanks for the turp pole.
Speaker 6 (18:49):
I'll have a look at that now.
Speaker 1 (18:50):
Now.
Speaker 2 (18:50):
To be fair, your predecessor, Damian O'Connor did have a
crack at trying to stem the flow of carbon farming
and the likes of Ike. You say, we're intoduction forestry. Yeah, yeah, yeah,
but they're also wanting the carbon offsets. And the worst
thing is they're blanket planting farms and that is the killer.
(19:11):
So what maybe, as a bipartisan approach, can the government
and the opposition do about this?
Speaker 3 (19:17):
Yes, it's interesting.
Speaker 6 (19:18):
I know that when we were last in government, we
were moving to the right tree in the right place,
and so the ability for councils to grant consents or not,
you know, it was sort of put over into their
hands to give them more ability councils in their communities.
But you know, we're still seeing it happening. And of
course are the eats the way it's sort of set up,
(19:40):
and the incentive incentivizes it, doesn't it. You know, so
there seems to be a bit more money available for
getting into that type of industry. But you are right,
there does need to be a serious conversation had about
it and how because you know, we're seeing communities disappear,
when we're seeing good productive farmland turned into forestry, and what.
Speaker 2 (20:00):
Are we going to eat? Has anyone ever thought of that?
Speaker 3 (20:03):
That's a good point.
Speaker 6 (20:04):
That's a good point.
Speaker 5 (20:04):
Can we.
Speaker 2 (20:06):
No, don't start me on that one, mind you. A
bigger disaster for the country would be a center left government, Joe,
And I guess I'd have to live with labor if
you were to lead a center left government. But can
you really govern with the Greens? Tamotha, Paul Benjamin Dowell.
(20:26):
You know, a lot of.
Speaker 6 (20:28):
Waters go under the bridge before the next election, Jamie,
and those sorts of conversations between you know, potential coalition
partners and all those kinds of things, they happen a
lot further down the stoor.
Speaker 2 (20:38):
Oh no, no, hang on, Joe, I'll correct you there
Winston's already decided, he's already kicked you to touch. The
only way you can form a government and twenty twenty
six is with the Greens. And if that's not bad
enough to party Maury, what a rebel, Joe, what a
rebel that would be.
Speaker 6 (20:54):
I don't know about that, Jamie. But the thing that
we're focused on as a labor part in our labor
caucus is just focusing on hotting the government to account
currently and like I say, closer to an election or
beyond the election results has when those sorts of conversations
will be had. And look, you know, Winston might have
kicked us for touch now at this point, but you
(21:15):
never say never was Winston. So yeah, you never know
what he's really going to do.
Speaker 3 (21:19):
No.
Speaker 2 (21:19):
I just think there's too much bad blood there exactly
the same reason this is why Winston wouldn't put a
national government in in twenty seventeen, just too much bad blood.
How did you enjoy Kerwee the South Island Field days,
which is just up the road from your former home page.
Speaker 6 (21:35):
Yeah, it was great, beautiful morning. I think we got there.
We just when the weather was before it sort of
turned a we but that was great and we got
had some beautiful lamb chops through succulent lamb chops, and
we were given a tour round and you know, the
reception was really great, really thoroughly enjoyed that. It's actually
my first time at Kerwe, so that was really neat
(21:57):
to go there. Well set up, very well organized, and
really well attended from what I was seeing. And next
day we were off to the high Country Field Days,
which was great.
Speaker 2 (22:08):
Talk to me about that High Country Field Day the following.
Speaker 6 (22:11):
Day, absolutely outstanding brief taking views, but it was really
really interesting.
Speaker 3 (22:18):
I hadn't been to those.
Speaker 6 (22:19):
Before either, so we were only able to stay for
the first station that we went to. But what I
really liked was the speakers that they had. They had
different people come and talk about things, in particular the
wilding pines in what an absolute issue that is. It's
one of the biggest, if not the biggest issue. I
(22:41):
think we might do a bit of thinking around how
we might support support that when we're next in government
as well. But really good day that we had anyway,
and I think the rest of the afternoon would have
been very successful, But just what an amazing event.
Speaker 3 (22:55):
I've never been to A one.
Speaker 6 (22:56):
I'm looking forward to going again.
Speaker 2 (22:58):
So I'm having nightmare about when you're next in government
with Tamitha and Benjamin. I can't sleep at night worrying
about it. Not to mention Debbie and Raweri.
Speaker 4 (23:09):
Look, I think it's the thing you're fixating about it.
Speaker 1 (23:12):
No, No, I'm not.
Speaker 2 (23:13):
I'm worried about that. I'm worried about the future of
our country.
Speaker 6 (23:17):
Well, you know, as we all are worried about the
future of our country and our own ways. And that's
why we're focusing on the things that are important, you know.
Speaker 3 (23:25):
For New Zealanders.
Speaker 6 (23:26):
Job's, health and homes are critical for people, and that's
what we're focusing on. We're not focusing on what other
parties are doing. Is that And I've said to you before, Jamie,
is one way, you know, to make sure that you
know I vote for labor, Jamie, I'm sure you can
do it well.
Speaker 2 (23:42):
As Bill Clinton's financial advisor said, Joe, it's all about
the economy. Stupid. Anyhow, that's my that's my parting shot.
Lovely to chat Jamie twenty five away from one. Thanks
Joe some of your feedback. Watching the news last night,
I was appalled with that green mpiece. This texter Jared
from christ Church is referring, of course, to Benjamin Dawele
(24:06):
appalled with that green MP's appearance in the house. I
thought there was a standard address. Well, no, there's not.
You can thank Trevor Millard for that. There's another planker,
Winston always looks immaculate as in the house, and he does.
He is a dap addresser, whether you love them or
loathe them. Any pine trees younger than a certain age,
pull them out. No right tree, right place. They're fine.
(24:29):
But let's just not plant productive grazing land in pine trees.
As someone else texts and saying there's plenty of venison
to eat in the forest, Jamie, no need for sharing, drenching,
dipping or drafting with free range organic venison. And it's free,
how good And I'll tell you what it tastes, brilliant.
And then it's another one funny that companies like Ikea
(24:51):
can offset their emissions, but as farmers we can't. Good
point right up next Rural News, Sports News, Before the
end of the John mcavinny she I don't know if
want to let him off the chain today and fell
Duncan on the atmospheric River God. Welcome back to the country.
(25:15):
Very shortly the latest in rural news and sports news.
But first, if you're dealing with roundworm management drench resistance
where you just want to future proof your stock, you
need to tune into our brand new podcast series drench
Wise Farm Smart, brought to you an association with Alanco.
This series goes beyond just drenching. It's about smart and
(25:37):
more sustainable parasite control to protect your animals, your land
and of course your bottom line. Episode one has just
been released. In it Rowena is joined by industry veteran
Colin Mackay no relation from Alanco, an experienced large animal
vet Brent Neil. They break down the science, share real
world solutions and give you practical steps to keep you
(25:59):
fond operation ahead of the game. So whether you're in
the yards, out on the tractor or kicking back after
a long day, make sure you tune into drench Wise
Farm Smart. You'll find it on the Country's podcast stream
or wherever you get your podcasts, plus the links up
on our Facebook page.
Speaker 1 (26:24):
Love the Country's world news with Culp Cadet, New Zealand's
leading right on Lawn bower Bread. Visit steel Ford dot
co dot nzent for your local stockist.
Speaker 2 (26:33):
Twenty away from one, here's Michelle with the latest and
rural news.
Speaker 7 (26:37):
Fontira Dairy Warmer or the Year finalists have been announced.
Francis Beaston, a passionate Canterbury dairy farmer, is the first announcement.
Speaker 1 (26:45):
There.
Speaker 7 (26:45):
We've got Joe Sheridan who's a dedicated Wye Cattle based
leader in the dairy industry and Lara Sutton, a dynamic
industry professional and herd owning Sheermilkup, also based in the
wy Kettle. Of course, the big winner will be announced
on May first, which is come around pretty quickly at
a gala dinner.
Speaker 2 (27:01):
Jamie excellent.
Speaker 1 (27:04):
Sport with AFCO. Visit them online at AFCO dot co
dot nzed.
Speaker 2 (27:09):
And there's some great names who have been the Fonterra
Dairy Woman of the Year. And we'll add another one
to that one on the first to make well. I'm
playing Team New Zealand in the days when we were
Team New Zealand. Anyhow, Team new Zealand says this is
Grant says, it's on. It understands the decision from the
government to not invest in the next America's Cup on
(27:30):
home waters that will send the regatta abroad. The syndicate
says it understands times are tough. Not for Grant though
and former Black And he's a champion bloke, an absolute
champion bloke. Former Black Cats pace bowler Neil Wagners secured
an English county contract as his New Zealand first class
(27:51):
cricketing career ends today right here in Dunedin. He's off
to Durham in June. Wagner's Northern District side are tickets
away from the Plunket Shield on the final day against
Otago right here and Dunedin's Otago can't win it, So
I say good luck Neil Wagner. He's a great Otago cricket.
(28:11):
We'd love to send you out on a winning note.
Up next, John mcavinnie. John mcavinnie is a wait Toomo,
sheep and beef farmer, also the chief executive of steel
for great supporters of us here on the country. John,
(28:32):
be on your best behavior today when you start talking
about the Greens and to party marry. But I'm not
going to start with that because I know you're ready
to fire up on that one. I want to start
with a North Island farming conditions. You live on the
eighth fairway at that beautiful Mount Monganery golf course. You
drive across the Waikato region to get to your Waitomo
sheep and beef farm. Start by telling me how bad
(28:54):
is the white cato at the moment.
Speaker 8 (28:57):
Well went over there last Friday. We hear sort of
corterly meet there on Saturday, and it's there's just no
tucker at all. It's got a little green sort of
tinge about it, which is really probably because of the
jews that are happening at the moment, but there's just
no tucker on there at all. Some of the paddocks
are black. You know, I've got am My son in
(29:19):
law's got a mon Israla's got a the exam over there,
and I called in there, you know, a week or
ten days ago, and this he's got nothing, absolutely nothing,
And you know they're feeding hay out and silas and
that sort of thing just to keep there. They've dried
off already, and it's I don't think I've ever seen
them one kado like that. Usually, you know, they get
(29:40):
those sort of autumn rains and it sort of picks
up and then it starts to grow of it, hopefully
this week. You know, they're talking about getting a reasonable
amount of rain on Wednesday, Tuesday, Friday, so I hope
that comes to fruition. So yeah, but I haven't seen
a kado like that either.
Speaker 2 (29:56):
Oh well, he's open that the atmospheric river does it's work,
but not all at once. Okay, Going a bit further
west than the White Caddow region over to where you are,
which is really what coastal King Country, I suppose, why homo,
how are you faring there?
Speaker 8 (30:12):
It's dry, but you know, we've had a little bit
of rain, Like when I was there a month ago,
we probably had fifty mills of rain out there, and
you know it's you know, we're short, and you know,
you'd like to see the calves and the lambs. I
suppose you call them a bit hard. But you know,
if we get anything like any rain, it'll just come
away again. And it's you know, the good thing about
(30:34):
it at the moment, of course, is the pricing. You know,
we're talking about lamb pricing at ten bucks of quilo
beef is going to be around eight fifty or thereabouts
in and they're talking about next year ten dollars fifty
pm in the next two years look fantastic, and it'll be.
It'll be great for the country because at the end
of the day, it's a farming sector that's going to
(30:56):
drag this country out of the problems that it's gone.
Speaker 2 (30:59):
Absolutely. But a bit later this week we've got Liberation
Day from the Trumpster. We don't know what he's going
to do. That is the dark cloud on the horizon. Well,
I definitely hope you do get some rain. It's desperately needed.
So you talked about your prices. Have you sold you
won't have sold your autumn carves yet?
Speaker 8 (31:17):
No, No, In fact, we're not going to sell them.
I'm going to get rid of some of the bottom
end stuff, the small stuff at the you know when
we ween in May, but we're going to hang on
to them. I've dropped a few cows off, We've dropped
a bet one hundred and twenty one hundred and fifty
cows off the bottom and we're going to carry on
with the wieners. Instead of selling them in the wiener market,
(31:37):
we're going to take them through until the spring market,
until October. So yeah, we'll have six hundred cars to sell.
So you know, you know, if we get the rain
and things look you know like it should happen, will
be fine.
Speaker 2 (31:52):
Yep, Okay. Do you remember the good old days of
Rod Donald, co leader of the Green Party with Jeanette FitzSimons.
He died in office in two thousand and five and
I got to know him quite well because he used
to be a regular on my show, as was James
Short John maca any. I just couldn't bring myself. I
did put in a request when Chloe took over as
(32:13):
leader or co leader of the Green Party to have
a slot, just to appear to be balanced, but I
couldn't talk to them. Now what a rabble.
Speaker 8 (32:22):
Well, I look at this thing that's Benjamin Doyle fiesco
at the moment, and.
Speaker 4 (32:26):
I say, how the hell did we get people in.
Speaker 8 (32:30):
Parliament getting two hundred grand a year like he's getting
making decisions for the country. I'll tell you I kissed
the ground that Whenston Peters walks on at the moment,
because you know that guy there is absolute disgrace and
I can understand how the Greens hold what they do.
(32:52):
It's just, I mean, people must be absolutely blind to
see what's happening there. And you know, I watched that
going on TV last night, and I'm probably a bit
of a dinosaur, Jamie.
Speaker 2 (33:03):
You know, in terms of well, just be careful here,
I might get sue, John, just be careful away you
go to speak out on the farm.
Speaker 8 (33:09):
I just look at the guy and say, you know,
how do we have people like that?
Speaker 2 (33:14):
Well, it's called diversity and inclusion and equity, John, get
what the times? Yeah?
Speaker 8 (33:20):
Okay, Well, well maybe it's too late for me, Jamie.
Your friend must be looking at it and saying, thank god,
I'm out of that dirty crack our that's happening in
that round building down there. He must be seeing, thank god,
I'm out of there. Yeah, absolutely, absolutely embarrassed.
Speaker 2 (33:37):
He was a good man, James, sure, a very good man.
All right, Just put on your steel fought hat for
a ticket. How's business going are we seeing? You know,
I hate to use the word green shoots, but is
the economy starting to recover? Are people starting to buy
lawn mowers and ride ons and everything you sell at
steel Fort?
Speaker 8 (33:56):
Definitely? I mean, you know, while the way keadow's dry,
and you know, we've probably dry over here in the
Bay of Plenty, not all the countries like that. You know,
you go to the Hawk's Bay and Gisbon and down south.
I mean, you know, I've got a couple of grandsons
Lincoln the other day, and you know he says that
it's the green airs down there, looks fantastic. So not
all the country is dry. And you know at this stage,
(34:20):
you know, our calendar year is the fiscal year. So
we started January February, we've just finished March, and we're
up about thirty percent on last year. So I can't
be unhappy about.
Speaker 2 (34:32):
That, right, I'll let you go. John mcavenny. I think
we got away with that and you didn't get me sued.
Speaker 8 (34:37):
Good to check, always good to talk to you, and that,
oh John, no time.
Speaker 2 (34:43):
To waste up. Next Phil Duncan on the Atmospheric River,
coming our way right, just welcome back to the country.
By the way, just when you need to wear the
(35:04):
man to turn up, he's missing an action. Michelle's desperately
trying to get a hold of him. Now, Fell Duncan
in the Atmospheric River. We want to know if the
drought's going to break. There you go, Michelle, see if
we can get them. I don't know what to do here.
I'll tell you what I do. The beauties of live radio.
(35:27):
So I did talk to you about this song sailing away? Alright,
we've got him, right, fell Duncan. Where are you?
Speaker 3 (35:34):
Sorry?
Speaker 6 (35:35):
Hello, I'm here.
Speaker 2 (35:35):
I'll tell you what you were so close to getting
the sack. Even though you've been my most longest serving
weather man, you make an appointment further, you've got to
stick to it, especially.
Speaker 5 (35:45):
When you hear turn up.
Speaker 2 (35:47):
Well, how does that affect me?
Speaker 5 (35:51):
A good point?
Speaker 2 (35:52):
Talk to the handfel talk to me about the atmospheric river.
Is the drought going to break?
Speaker 5 (35:57):
Look, I don't know if it's enough to break all
of their dry area, but it's going to be really,
really welcome because some of the heaviest falls are going
to be heading those regions around Taranaki up to Auckland
and Northland. Getting anywhere between forty and over one hundred
millimeters is sort of the general rule of thumb to
the North Island unless you're on the eastern side Hawk's
(36:17):
Bay Canterbury aren't going to be seeing those sorts of numbers.
But we've seen some pretty heavy rain coming into the
Nelson region and that's one area where it might be
too much of a good thing. There could be a
couple of hundred millimeters coming into that part west of
Nelson in the ranges.
Speaker 2 (36:31):
Well, and I know that the Tasman region is particularly dry,
but the problem with the super dry soils is you
create a great amount of runoff if it comes too quickly.
Speaker 3 (36:41):
That's right.
Speaker 5 (36:41):
There could be slips and flooding in both of the
main islands as a result of this front coming through,
but it's broken up. You know, places like Northland and
Auckland where there are a proper meteorological drought, quite large
drought zones. Now they are likely to get a drink.
But whether it's enough to really reverse everything. We will
need more rain after it is a little bit coming
as we go on to next week as well. So
(37:02):
that's a good setup, but by mid month we might
be back to more high dry pressure again.
Speaker 2 (37:07):
Well, let's hope it's meaningful and doesn't come too quickly.
A year old enough to remember the nineteen eighty seven
America's Cup Phil Duncan Sailing Away. Do you remember that song?
And Michael Fay and David rich White were funding it.
They had lots of money that.
Speaker 5 (37:22):
Was a great song. I had that song stuck in
my head for years.
Speaker 2 (37:25):
Yeah, well I was just just to finish the show.
I talked about all the people who were the lead singers,
but look who was in the chorus. Phil. This has
got nothing to do with an atmospheric river, but it's interesting.
Doogle Stevenson newsread a precious Mackenzie the weightlifter. Peter Williams,
Hello Peter, if you're listening to a top rural show.
Peter Sinclair, the entertainer, Graham Lowe, rugby league coach, Roger Gascoyne,
(37:48):
Ann Ferguson, Paul McDonald, Chris Lewis, Glenn Turner, Keith Quinn,
Alex Alex Griswilie who passed away a week or so ago.
The New are members of the New Zealand Marle Correll
and the Parnell Primary School. They were in the background.
What a great song. No, well, there you go. So
I'm just going to leave the show with that fella,
(38:10):
and your employment is safe for one more week. But
don't do it again, Okay, don't do it again. Let's
hope the atmospheric river brings some relief. Will catch you
again tomorrow, not.
Speaker 1 (38:27):
Catch all the latest from the land. It's the Country
Podcast with Jamie McGue Thanks to friend, you're specialist in
John Deere construction equipment
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