May 28, 2025 • 38 mins
Jamie Mackay talks to Miles Hurrell, Ian Proudfoot, Matt Black, Chris Russell, and Hamish McKay.
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Speaker 1 (00:00):
Catch all the latest from the land. It's The Country
Podcast with Jamie McGue Thanks to Brent. You're specialist in
John dere Machinery.
Speaker 2 (00:30):
Cada, New Zealand. Welcome to the Country. It's brought to
you by Brent. My name is Jamie mckaye. Shot to
the Heart and You're too blame. I don't know about
that one, but Miles Hurrell has fired the opening shot
for the twenty five twenty six dairy season. We're going
to kick off the show with the chief executive of Fonterra.
Yet another good news day for dairy farmers and by
(00:51):
default a very good news day for the New Zealand economy.
In Proudfoot is KPMG's global head of Agribusiness. Yesterday at
the end Tippoo Farming Conference, he released his twenty twenty
five agri business agenda. Is there anything new in it?
We'll ask him. Matt black Along, Well, he's the Canterbury
(01:11):
Center president, who's running or He's in charge of a
terrific team hosting the nationals the New Zealand Dog Trail
Championships being how to hand miss springs As we speak,
I think today's the last day. Well update proceedings. There
our Rosie correspondent as Chris Russell state of origin last night,
what about the state of the lamb, beef and dairy
markets and could there be a silver lining to the terrible,
(01:37):
terrible New South Wales flooding? And got a special guest
bit of a surprise for you to round out the show.
But we're going to kick it off with the big
news story of the day and that came from Fonterra
with its opening shop with the twenty five twenty sixth season.
(02:09):
It is today's a big news story, the Q three
business update from Fonterra and the most eagerly awaited number
was the opening shot for the twenty five twenty sixth season.
The price range is from eight dollars to eleven dollars,
which is great, But somehow, Miles Hurrel and I'm struggling
with the maths on this. The midpoints ten dollars rather
(02:30):
than nine point fifty. Why is that?
Speaker 3 (02:32):
Yeah, I getd Jamie. Well, well, firstly, it's not a midpoint,
is it. I think that we're signaling here. We feel
very confident as we sity today that ten dollars is
where we see the market both for the year that
we're in currently, but also the year ahead. But you know,
there's still we're dealing in a volatile world and the
geopolitics out there at the moment. So we're just signaling
(02:52):
to our to her farmers that there might be a
little bit more downside than upside from where we sit here,
So not a midpoint where we're paying farmers on the
basis that ten dollars is where we see the year
and will reflect that as the year goes on. But no, no,
it's a pretty good start, I think, and the feedback
guy's there from farmers this morning has been very positive.
Speaker 2 (03:12):
Well, I'm sure it is if you can get ten
bucks two years in a row. Some other industry commentators
miles are suggesting that there could be a softening of
dairy prices in the second half of the twenty five
twenty sixth season, and there's a lot of stuff, as
you well know, happening out there in the world that
could cause that.
Speaker 3 (03:29):
Yeah, and that's fear that that you know, the volatility
that we see out there, duo politics and you know,
wars that are underway and tariffs and all these sort
of things that just just create uncertainty.
Speaker 4 (03:40):
I guess for buys, and so that's the bit that
we need to be mindful of.
Speaker 3 (03:44):
But I think when they're saying the market will come
off in the second half, you know, the spot market
at the moment is above the ten dollars if you
buy on GDT on a spot basis, and so that's
probably a reflection of that. We do see that coming back,
but overall will still a very comfortable ten dollars as
we close the books of this time next year, you will.
Speaker 2 (04:04):
Take Farmers care about milk price, the dividend price, and
the share value and the return on or of capital.
So let's just go from the milk price, which is
really good, to the potential dividend. You've up the anti
awebit on what that could be. So that's going to
be another windfall for farmers.
Speaker 3 (04:25):
Yeah, and it just shows that despite a decent milk price,
that the team are focused and our jobs to get
a better return above the milk price and watch our
costs and focus and invest in the future. And the
team have done that, and so yeah, the returns for
the three quarters of this year are very positive. We
(04:45):
have narrowed the range for the full year with three
months ago, So that gives us some confidence of this
current year. We're a couple of months away from thinking
about what the year ahead looks like, and we'll talk
to the market at the right time. But you know,
the team are focused and hopefully we've seen it that
they're delivering, and that's that's so I think reflective in
the sheep price as well.
Speaker 2 (05:03):
Now, so you've narrowed that a year and earnings range
to sixty five to seventy five cents per share, What
does the payout policy say? It's the midpoint of that,
it's seventy cents. What could potentially, miles hure will be
a final dividend for farmers.
Speaker 3 (05:20):
Well, I mean, to your point, sixty to eighty percent
as our guidance on that. So so farmers will work
it out for themselves around where we see the outlook
for the full year, the position of our farmers, where
we see the strength of our balance, So all those
things will play to ultimately the decisions on the board
will make you come September that all those things are
actually looking quite quite positive. So farmers will make their
(05:43):
own sort of assessments, but we'll have to wait, unfortunately,
until we end of September to get that number, Well.
Speaker 2 (05:47):
Let me throw a number at you. Fifty cents.
Speaker 5 (05:50):
Well, yeah, there you go.
Speaker 3 (05:51):
There's a numbers that started from Jamie Sill. See where
that lends on the twenty fifth of September, will.
Speaker 2 (05:57):
We Now I talked about a return on capital I shares,
but also a return of capital. Now this consumer divestment,
you didn't really come out and say much about that today?
Is that likely? I mean, I'm throwing numbers at you again,
two dollars a share? Could that possibly be the payback
to Fonterra shareholders?
Speaker 3 (06:18):
Yeah, look, and it's again it's far too really to
start to talk about what that number looks like. And
so we are in the thick of that process, as
you should expect, and you know, it's not wise for
me to talk about that for both our shareholders suspective
in any potential buyers. But the dual tracks well advanced.
So that's that's the sale to a potential trade buyer
and also an initial public offering. So going down hard
(06:39):
on both of those and ultimately jobs to get value
back to our shaarholders. We have signaled a significant capital return,
so farmers will make their own again assessment of what
that looks like. But you know, hopefully towards the end
of the year, we'll be in a position to come
out to our farmers and say this is the likely
value we're going to get for it, this is the
this is the potential capital that we're going to send
(07:00):
back and do you support it. So, you know, all
those things are there tracking as expected at the moment,
but it's far to to sort of talk about a number,
despite the fact that some have of course.
Speaker 2 (07:10):
Yeah, of course, and myself included field days. I put
it to you, is going to be wild enough buoyants
the right word. It's certainly going to be positive from
the dairy farmer's point of view.
Speaker 4 (07:21):
Yeah, I think.
Speaker 3 (07:22):
So it's been a relative big cuple of quiet field days,
if I can recall. So, you know, i'd like to
think that that farmers are feeling boyant.
Speaker 5 (07:31):
You're moving.
Speaker 3 (07:31):
The oci cut yesterday is another sort of supporter of that,
I think, and the fact we've got some decent milk
price and some earnings out there. I think it's a
bit of the food capital that farmers haven't spent for
the last couple of years. So maybe all those stars
do align but ultimately farmers make their own calls on that.
Speaker 2 (07:48):
Miles Harrel, thanks for your time today on the country.
Congratulations on a good opening forecast shot and we'll see
you at field Days.
Speaker 5 (07:55):
Good.
Speaker 3 (07:56):
Thanks for much joys.
Speaker 2 (07:58):
Its quarter past twelve. You are the country. What a
good what a good opening forecast price ten dollars? I
think Rabobank by memory Emma Higgins came out with nine
to fifty mine. Rabobanks always conservative on that. To be honest,
I was surprised that it was such a high number.
But that's a good number if we can meet it.
(08:19):
But just remember that that forecast price range is between
eight and eleven dollars. You take the midpoint of that,
it is nine to fifty two. Ten dollars. Payouts in
consecutive years would be fantastic. I'll tell you what else
would be absolutely fantastic, and that would be to win
our final prize for still Chainsaw Safety Awareness Week from
(08:40):
Phil Ropiha and the team. It still love those guys.
Going to catch up with Philip Field Days. We have
the still MS chainsaw valued at five hundred and fifty
five dollars today, plus we're going to upsize that by
chucking in a STILL safety pack, which retails for two
hundred and nine ninety two dollars and fifty cents. The
(09:03):
Still MS one two or the Still MS one eight
two chainsaw is powerful and compact. It's a beauty ideal
for those smaller jobs around farms. You don't want to
chop down an enormous pine tree with it, but you
can certainly do a fair bit of damage with a
forty centimeter bar. Anyhow, if you want to win it
today you have to answer the day's question. But before
(09:24):
I throw out today's question, I will announce the winner
of yesterday's MS one eight two Still chainsaw and that
is k King from Canterbury. K enjoy your chainsaw. You
were able to tell us that the world champion still
timber sports competitor is Jack Jordan and what was his occupation?
(09:46):
He's a farmer and a tough bugger. Today's question to
win the chainsaw and the safety pack, name only three
so you only need didn't need to name three product
categories where Still can provide a battery powered tool option.
Well that's pretty easy, isn't it. If you don't know
the answer to that, I'll just go to the still website.
(10:07):
If you want to enter the competition, go to the
country dot co dot nz to enter. We will announce
our final winner on tomorrow's show Up Next it is
En Proudfoot, KPMG's Global head of Agribusiness, the Agribusiness Agenda,
released yesterday am Palmi North. We'll tell you if there's
anything exciting in it after the break This used to
(10:50):
be a hardy annual for me at field days. It
was the KPMG Breakfast and at that said breakfast, the
global head of Agribusiness Outsolds would release his annual agribusiness
agenda and you've jumped the gun this year. You released
it yesterday in Palmi North at the ETIPU Farming Conference.
(11:11):
Why was that?
Speaker 4 (11:13):
I suppose we wanted to give people a chance to
read it and think about it a bit before field dates,
so you know, rather than people listen to the messages
and then get on with their field day's days, which
can be very busy, it was much more about actually
read it and maybe it can start to feature in
more of the conversations at field dates.
Speaker 2 (11:31):
Well, that's your agribusiness agenda. It doesn't suit my agenda.
En that was breakfast for me on a Wednesday morning.
Speaker 4 (11:38):
Unfortunately, there's plenty of other options.
Speaker 2 (11:41):
I think, I think there are. That was totally tongue
in check. Okay, look, you've released in summary ten talking
points or ten key findings from the twenty twenty five agenda,
and this is kind of deja vu all over again.
The number one is biosecurity. It remains the top prior
for the fifteenth year running. Ian This is getting a
(12:03):
bit boring.
Speaker 4 (12:05):
It is boring, but I suppose that what it does
say is we know if something goes wrong in a
biosecurity space. It's fundamental to the sector of the impact,
but it's fundamental to the country as well. I think
the positives that came out of the conversations this year
were that, you know, we are making progress. So you know,
we've made progress on TB, we've made progress on microplasm PROVSS,
(12:27):
and we've had you know, the community rally round to
respond to the fruit flies and the avian influenza that
we've had incursions during the year. So the messages you know,
we beat this thing by collaborating, we beat this thing
by using technology. We just need to make sure that
we keep staying the course and doing the work to
(12:47):
keep ourselves ahead of it.
Speaker 2 (12:48):
Yeah, and buy and Large MPI is doing an excellent job.
Speaker 3 (12:51):
There.
Speaker 2 (12:52):
Are going to give them a pat on the back.
Of course, this agree Business Agenda comes about by you
talking or drawing on the insights of almost two hundred
industry leaders. Coming in at number four. I'm going to
jump down to number four because I thought in this
might be higher on the rankings list. Trade and supply
chain resilience are critical with global markets and a flux,
(13:14):
and I'm thinking with Trump's tariffs and everything that's going
on in the world geo politically, this might have rated higher.
Speaker 4 (13:22):
So if you look at the individual rankings, you know,
getting new agreements with key countries is the second highest
priority for industry leaders, so really focused on that and
then the overall trade positioning a lot more talk about
international markets. So if you go back two years ago,
really we were everything we were talking about was internal.
(13:44):
It was about the fatigue, it was about the stress,
it was about getting people across the border, and we
really had forgotten that we're actually producing food for the
world to eat. I think that's completely changed around this year.
And you know, there's much more focus on well, we
need to be able to sell to the highest value
customers around the world. We need to do the work
to find those customers, and we need to understand what's
(14:06):
important to them. So, you know, I think a lot
more focused than we've seen in recent times on markets.
Speaker 2 (14:12):
Ranking number two, climate resilience is back and focus or
should that be back in fashion in I guess after
Gabrielle that was a real reminder a couple of years ago.
It slipped away, but last year but then why it
goes again.
Speaker 4 (14:27):
Yeah, so last year it fell to forty first out
forty first in terms of the individual priorities, and the
survey definitely back up this year. I suppose the key
message that we've got in around climate and resilience is actually,
let's think about this not as an anchor about cost,
but think about it actually about how it's an opportunity
(14:48):
and you know, what can we do to monetize sustainability,
monetize what we're already doing in most of our farming systems,
which is world class, and get paid for that. You know,
we're starting to see the success from that. You can
look at what silver ferns are doing with the you
know the nature of positive beef products. You can look
at the deals that Fonterra have done with Nesle and Mars,
(15:12):
all of that suggesting, you know, if we if we
do amplify our environmental story and tell it really well internationally,
we can different our products and get a premium. So
I think, you know, thinking about how we make ourselves
more resilient is just good business. But if we can
tell a great story around being more resilient and get
paid for it, it becomes really had business.
Speaker 2 (15:34):
And I and I've heard all this before one hundred times.
Tell me something out of this report that will surprise me.
Speaker 4 (15:44):
The biggest surprise for me was probably the ranking that
got given to the We asked the question about the
banking review and whether the government should intervene in determining
how the banks lend, and that scored the lowest scores
we have ever seen in the over the last fifteen years,
going between three and four. And I think what it
(16:04):
says is, ultimately the industry leaders believe the banks are
acting in a commercial manner, and you know what they
what they want to see is actually the time being
spent on enabling the sector to move forward rather than
focusing on internal issues.
Speaker 2 (16:22):
One to finishan and I'm going to having a bit
of a poke here just because a feeling in a
mischievous moody and key findings from the twenty five agenda,
we've ranked them one to ten. Now number ten. There's
a call to lead with curiosity. What the hell does
that mean? That's management gobbledygook.
Speaker 4 (16:40):
No, it's about being prepared to not step away from
the hard conversations. And I think that you know, there
is a bit of a trendy tendity at the moment
that we're not wanting to talk about, say managed retreat
or moving having to move businesses out from where they've
(17:00):
currently been operating because it just doesn't make sentence to
be there with the climate any longer. And we're letting
some of those conversations go down the road. Most farm
transitions another example of that, where they can be really
hard conversations and we've just not faced into them. So
what we're saying is actually success in the long term
(17:21):
means so we've got to make sure we're focusing on
the things that are that the fundamental shifts in society
has opposed to the shocks you know, the shocks are
things like Trump's tariff announcements because they change every day.
The fundamental shifts are things like climate change, are things
like geopolitical realignment of countries. And if we're focusing on
those long term trends and we're asking ourselves and curious
(17:43):
about you know, what is important versus what's not important?
What are Why is something happening, How is it happening?
What's its consequences? You know, if we all take a
bit of time every day to do a bit of thinking,
I think we'll go further faster.
Speaker 2 (17:58):
Ian Brown k MG, Global head of Agri Business, just
reminds me to be curious again next time when we chat.
I'll see you at field Days.
Speaker 4 (18:07):
Thank you, Jamie. It's always good to talk and there's
always telling you a questions.
Speaker 2 (18:11):
Indeed, thanks n I'm going to take a break. On
the other side of it. We're heading to hand Miss
Springs its final day of the New Zealand Dog Trolling Champs.
We're going to catch up with the Canterbury Center president
who's running the show. His name is Matt Black. Before
the end of the hour, Chris Russell, our Assie correspondent,
and a special guest to wrap the show. I don't
(18:46):
know where that came from. Why do we put songs
Michelle on on our I think this is Nigel Galdin.
Let's just see what he's on about. Yeah, it was
meant to be a bit of bon Jovi living on
a prayer. I think we've mixed that in with Nigel.
Hello Nigel, if you're listening, be heading you away for
(19:08):
field days very shortly. Here we go, here's bon Jovi. Now.
Matt Black is the Canterbury Center President. He's the bloken
charge of running the New Zealand Dog Trial Champs, which
started on Sunday at hann Miss Springs at Lockheill Station.
What a great venue and they're wrapping up today. Matt
joins us on the country and Matt, when can we
(19:30):
expect some of those final results coming through? No doubt
we can talk about them on tomorrow's show. But are
you able to tell me who is on the leaderboard?
Speaker 6 (19:39):
Oh, good afternoon, Jamie, Thank you for having me. I
can't tell you what the actual results of the New
Zealand final those yet as they haven't come out, but
I can tell you the winners of each all three
of the Island events. So event one, which is the
long head, was Stuart Child from Tiinga the North Island.
(20:01):
Event three was John Bentley from Mofonger and the Woe
and he's seen her in the North Island. And event
four was a female competer at Joe McIntyre from metal.
Speaker 2 (20:11):
Y and so sorry, Matt. Events three and four is
that are they the hunt away events?
Speaker 6 (20:17):
Yes, that's right, that's zig Zig and straight hunt Youth.
Speaker 2 (20:20):
So we just don't know the short head and yard
that's the fourth event, isn't it.
Speaker 6 (20:24):
That's right, And that's just we've probably only got about
one dog. He's out there running at the moment. And
then as soon as that's done, there'll be the completion
of the South Island event for the course and we'll
know the place Keaders to contest the New Zealand final
very shortly.
Speaker 2 (20:42):
So will they have to run off this afternoon? Will they?
Speaker 6 (20:45):
That's right, the runoffs We've had pretty much finished three
of the other events that have completed, so it's just
the vent Toe. We'll get the runoff this afternoon and
then it'll be straight under prize giving him The winners
of the green ole be announced.
Speaker 2 (20:57):
How was the weather held up for the week.
Speaker 6 (20:59):
Matte, it's actually been really good, Jamie likes. It's actually
a life. We've was looking like it was going to
be wet early when the championship started, but we've been
so lucky and yeah, it looks like we might sneak through.
Speaker 2 (21:14):
I'm pleased to hear that. They tell me that, and
I've probably driven past it because it's on the way
into Hannemas Springs. They tell me Lockheill Station is a.
Speaker 6 (21:23):
Picture has looked really good, Jane. We've been so lucky
because we had previous previously been dry, but we've managed
to get rain just at the right times. And you're
so lucky. It's stayed mild and fed about of growth.
So the courses are looking at picture and yeah, we're
just so lucky the way the weathers sort of turned out.
Speaker 4 (21:44):
In the end.
Speaker 2 (21:45):
Now you also select at some stage it may not
be around the nationals New Zealand basically an all black
dog trialing team. And I know is that in the
past year that we lost captain tragically Neil Evans, no
doubt people will be thinking about Neil.
Speaker 6 (22:00):
Use that correct, it was Pierre Wakes and he was
obviously a good Canterbury competed, so it would have very sad.
The test team actually gets named today, Jamie, at the
completion of prizegiving, so it would be very interesting to
see who's selected.
Speaker 2 (22:17):
So you have to take on the Aussies. And is
it called the Whalergo Cup.
Speaker 6 (22:21):
That's correct, Yeah, the waller Go Cup. I'm not I'm
pretty sure it's hosted in New Zealand this time. Remember
I'm not one hundred percent sure on that.
Speaker 2 (22:30):
I'm sorry, Okay, all right, well, Matt Black, thank you
for some of your time. They tell me you're doing
a great job along with your Canterbury team running that
event at Lockhell Station at Hanna Springs. I will have
those final results tomorrow on our Rural News. Go well, congratulations,
very great, Thank you very much. All right, there we go,
Matt Black. So I won't be here tomorrow. We're going
(22:52):
to tell you who's running the ship. Awey bit later
in the air. I've got a farewell my old mate
Rowan Horal tomorrow. Boy, that's going to be a big day.
Speaker 5 (23:01):
Rare.
Speaker 2 (23:02):
Right up after the break, we will have a look
at Rural News and sports News before the end of
the hour. Our Ossie correspondent Chris Russell and as I said,
are we surprised for you? A special guest to wrap
the show, Welcome back to the Country. Very shortly the
(23:26):
latest and rural news and sports news. But lifting lamb
survival rates and boosting productivity takes more than just hoping
for a good season. Our newest podcast series called Optimizing
Lamb Survival is brought to you by Beef and Lamb
New Zealand and it delivers practical advice and proven strategies
to help you get more lambs on the ground and
(23:47):
through to weening. Episode one is out now. In it,
Rowena Duncan is joined by doctor David Stephens, Senior Scientist
and Agricultural Systems at ag Research. They explore how feed planning,
are you nutrition and understand what impactious system can all
affect lamb survival. Plus doctor Stephen's offers insights that could
help you change the way you manage your lambing this season.
(24:09):
So whether you're in the yards, out on the tractor
or kicking back after a long day, make sure you
tune into Optimizing Lamb Survival. 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 (24:25):
The country's world news with Cob Cadet New Zealand's leading
right on lawnlower brand. Visit steel for dot co dot
inz for your local store.
Speaker 2 (24:35):
It is twenty one away from one. Here on the country.
We found a John Boner or a Bonjovi living on
a prayer without Nigel Yelden in it. Anyhow, it's good
to hear from Nigel. Or Here's Michelle with the latest
and rural news.
Speaker 7 (24:48):
And the government's overhaul of the Resource Management Actor is
taking shape. Discussion documents are being released on plans to
open the country up to more mining, to reduce consenting
needs for building granny flats and reducing regulations farmers. People
are also being asked for feedback on creating special agricultural
areas around key sites like Pocacoe and Horrafenua. Rima Reform
(25:08):
Minister Chris Bishop says the current laws a handbreak on
economic growth and embeds a future a culture of no
And also just to tease for tomorrow, I'll have the
team that are heading to Milan in October, a still
New Zealand timber sports team will be announcing that live
here on the show tomorrow for our news.
Speaker 2 (25:25):
Brilliant and we'll announce the winner of the final Still
Chainsaw and the Final Still Safety Pack. It's worth a
lot of money five hundred and fifty five and two
hundred and ninety two dollars fifty respectively. Today's question is
and it's a pretty simple one which I can't find.
I hear it as here name only three You only
(25:45):
need to name three products where Still can provide a
battery powered tool option. So you don't even know to
need to go to the website to answer that one.
Speaker 1 (25:53):
Here's sport Sport with AFCO Kiwi to the Bone since
nineteen oh four.
Speaker 2 (25:58):
Oh, there's a story on Hurt Capewell the Warrior and
State of Origin arm or missing out on it, but
we'll talk State of Origin with their Ossie correspondent Chris
Russell and just a tick tactic skull shoot. Martina Salmon
wants to attempt more two pointers in net Bells a
n Z Premiership against the unbeaten Mystics on Saturday. The
twenty one year old is shooting a healthy eighty eight
(26:21):
percent and three games this season, but thinks she could
be putting up more long shots. Didn't she get one
in the Super five Final? I think she did or whatever?
She's only nailed two attempts from five this year. Very
good player and to all things blue. The Blues captain
Patrick Towey Piloto has resigned with New Zealand Rugby for
a further three years. Is that a wise decision when
(26:42):
he's thirty two, bit long in the tooth and three
years time?
Speaker 7 (26:45):
Hey no, don't be taking fun at people over thirty.
Speaker 2 (26:49):
Well I know, I'm just saying like as he got
three years left in him. Good player. While Chelsea, they're
also known as the Blues in the football world, have
won a Europe's third Tear Conference League title. Up next,
Chris Russell will talk State of Origin and state of
the lamb, beef and dairy markets on the other side
(27:09):
of the Tasman. He's Oursie correspondent of long standing Chris Russell,
based out of Sydney. He would have been cocker hoop
about the cockroaches beating the cane toads in State of
Origin last night. Chris, I must say, am I getting
old and boring? Or is state of origin losing its appeal?
(27:31):
Because I always remember I used to coincide the first
State of Origin game with field Days something to watch
while I was at Field Days, which is still two
weeks away. So are they bringing this forward? Has it
still got the interests that it's had on both sides
of the Tasman.
Speaker 5 (27:45):
Do you reckon in New South Wales? I would say,
you know, there's no loss of appeal down here at
the moment because we're definitely the flavor of the month.
I don't know why they bought it earlier. I think
it's all to do with scheduling around all the other
round games and so on and so forth. But nonetheless,
you know, I mean the game really flattered Queensland, you know,
but when you look at our side, we've got the
(28:07):
side of the century in the sense you know, when
you look at Nathan Cleary, Mitch Moses, Latrell Mitchell and
Brian Tohoe all in the one side, I mean ted income,
you know, there's not a side in the world you
put up against them, and you know, fantastic and great
to see us in good shape. And really the Queensland
didn't know they were cut, drawn or board, yes last night,
(28:29):
and I think we're looking good for the series.
Speaker 2 (28:32):
New South Wales looking good for state of origin. The
state of New South Wales though, Chris Russell not looking
so good. Really bad flooding, and there's been more since
we chadded last week.
Speaker 5 (28:43):
Well there has been and when you actually look at
one of the things that surprised me is that they're
a number of dairy farmers, I mean in Australia, in
New South Wales at least, our dairy farms have dropped
from around seventeen hundred and twenty in two thousand down
to four one hundred and fifty in total in twenty
twenty four. And of those, one hundred and thirty seven
(29:05):
were pretty much wiped out by the floods. So that's
a quarter of our dairy farms who we are more
more than a quarter which are just not present anymore.
And that's going to definitely affect our dairy supply here
enough to mention our long term genetics and so on,
with cows being lost all over the place. So it's
(29:25):
been very devastating this flood, certainly one in five hundred
year flood and it happens so quickly no one could
prepare for it. But they say there's always a silver
lining and My father always used to say there's much
more money in mud than dust long term. So all
the farmers that drive so their crop down in southern
New South Wales have now had their optimism if she
(29:47):
rewarded by this reign, so that will They all had
fifty to seventy millimeters of rain down around Waga, Tomora,
all those countries down Coolerman and so on in southern
New South Wales. So that's an exciting thing out of
all this rain. It's interesting too, Jamie, that are up
in the Northern Territory in northwest West Australia. They've had
(30:08):
record waking rains up there. Now once again they'll flood
for a while, but they don't care much because you know,
much better that than being dried out. So it's it's
sort of a mixed blessing. But by gee, the farmers
on the coast, they're really battling and it's going to
take a long time for them to recover.
Speaker 2 (30:26):
We've had Fonterra here in New Zealand today announcing it's
opening four cast milk price for the twenty five twenty
sixth season. What's happening on your side of the tessment?
Speaker 5 (30:36):
Yeah, Well, they've just lifted its wayed average milk price
for the rest of twenty four to twenty five to
eight dollars thirty five a kiro of milk solids. Now
they've told that the opening price is going to be
eight dollars sixty for next season, which they're sort of
trying to speak up. That's significantly less than you. And
(30:57):
as far as the farmer's here concern, I know that
comedy by United Dairy Farmers of Victoria president Bernie Free
said it was just a slap in the face for
dairy farmers. He said he thinks Fonterra doesn't want the milk.
That's a signal of the farmers. And look at the
drought that's affecting Western Victoria, South Australia, Gippsland and Northern
Victoria where most of the milk is. They should be
(31:19):
talking around ten dollars for getting eight dollars sixty five.
He doesn't know why that's so low, and it's certainly
no encouragement for people to put in the work and
grow their dairy production.
Speaker 2 (31:31):
Jamie, Well, it's ten bucks over here, Chris. I'm even
if we take the exchange rate into play. New Zealand
dairy farmers are doing considerably better, you would think, out
of Fonterra than the Aussie ones are. Maybe they don't
want the milk. I don't know what about the lamb prices.
These go from high to higher.
Speaker 5 (31:48):
Yes, well, a lamb price last week broke the record
three times in twenty four hours three of our big
land markets Ballarat, Horsehaman and Warreck and Bill, all in Victoria.
And they also said that they're expecting you to go
even higher. Again, you're looking at heavy lambs. Heavy lambs
here to find us over twenty six kilos bareed saying
four hundred and ten dollars ahead at Warwickner Bill. It's
(32:10):
a lot of money for a lamb. Now, of course,
if you look at the store lamb prices, they've gone
the other way because no one's got any confidence they're
going to have any feed down in southern Victoria. But
in terms of the expectation of having enough lamb for
the market and for the avatise over the next few weeks,
there's obviously a lot of pessimism there. So anyone who's
got heavy lambs at the moment is making a lot
(32:32):
of money.
Speaker 2 (32:33):
Jamie so let's have a look at Ossie beef like
Kiwi farm as you're enjoying record prices, the good times
are set to continue.
Speaker 5 (32:41):
Yes, well, I noticed that the SIAL Trade Show, I
think that stands for Salon Lannimentacion some of your other,
which is basically the biggest food show in the world,
is in Shanghai this week, five thousand exhibitors there. Australia
had a two hundred square meter stand, quite a big stand,
(33:01):
right next to an American stand of the same size.
The Australian stand absolutely flooded with buyers the entire show.
American stand pretty much deserted, and half the exhibitors didn't
even bother sending anyone from America. They just relied on
local representation. So you know, at the moment we're absolutely
killing it compared with America. Of course, that could all
(33:22):
change if they reissued permits to a lot of the
American advertoires, but currently ninety percent of the American avatires
haven't had their licenses renewed. Plus there's also this twerf
war going on, which is adding significantly the price. So
in terms of grain fed product, we're making hay while
the sun shines. We have plenty of the market for
(33:45):
our grain fed meat, I must say, and as I
think I said a few weeks ago, everyone's nervous about
becoming redependent on China, but I think everyone knows this
could be very short term, but the short term it is.
And I think all of our people feedlots in particular
over here are exporting every day, can export and making
the most of a very point market for high qua.
Speaker 8 (34:08):
With the end of the market, Jamie, long.
Speaker 2 (34:10):
May it continue and go the cane toads in state
of origin too. I think it's over in Perth in
about three weeks time. We'll catch you next week on
the Country.
Speaker 6 (34:19):
Chris forward to Jamie.
Speaker 2 (34:22):
Good on you mate. There we go. It is eight
away from one year with the country brought to you
by Brent. Yesterday we were talking about Munga mingy station
and Rappaoa, the Palmu farm or station that's going into
trees or largely into trees. Got an interesting text I
didn't get time to get to yesterday from Cheryl. She says, Hi, Jamie,
we have worked for Palmu some L six and L
(34:44):
seven class land is still useful as shelter for lambing
carving and fawning. Some of those southern faces you've talked
about also shouldn't be tree locked, as they are some
of the best. Some are safe country for grazing. Far point, Cheryl,
So have a self sustaining system. Better planning of the
whole system is needed. Planting pines is not future proofing
(35:08):
our food production potential. It is eroding. It couldn't agree
with you more there, Cheryl up next to special guests
to wrap the country. Chill, smile, okay. Wrapping the country
(35:31):
has promised a bit of a special guest will be
making his debut on the country, although he has done
the occasional piece in the past. Tomorrow, I'm out of here.
I've got a farewell my great friend Rowan Horral getting
a bit emotional thinking about it. We're gonna have a
great day in Riversdale to celebrate his life. So Rowena
is moving to Is it greener pastures? Fmgah. Anyhow, she's
(35:53):
still going to be hanging around, but she's not available tomorrow,
and this man is and he's running the cutter tomorrow.
So from one Mackay spout correctly to another Mackay spout incorrectly.
Hamish welcome to the country. Don't cock it up tomorrow.
Speaker 8 (36:09):
I won't cock it up tomorrow like when our four
my four beer has got off the boat and duneed
it and missed out the A in our name and
we sort of became the second team Mackais forever in
a day. So yeah, no, I won't cock it up.
I'm looking forward to I feel like somebody who wanted
to test jumper all their life and Pat's going to
grab one.
Speaker 2 (36:26):
Yeah, what I said to you. I texted you ever
in the week when I found out your filling and
I said, don't do too good a job because, as
you know in Radio Hamish, if you can, if they
can find someone younger, cheaper and smarter, and I think
you're at least two of those, you're gone.
Speaker 8 (36:43):
Yeah, I'll probably be cheaper, or it might be a
big young and mind you're on the shearing Water a
couple of years ago. You look like the younger one,
so I can't claim that.
Speaker 5 (36:51):
Really.
Speaker 2 (36:51):
No, you've got a good we know you used to
run the cutter with Old Lowie on the Opposition Show.
You've got a good rural background, raised on a man
or two farm, was good enough to be honest, I
only won the sharing because you've got a kicker. You
were good enough to make the golden shares. I think
was it Junior final or something like that.
Speaker 8 (37:09):
Sone lines, you know, bottom tooth down form, the comb
up all that stuff.
Speaker 2 (37:14):
Well, I was going to say, you know your way
around the sheep. But people could misconstrue that homish.
Speaker 8 (37:19):
Yes they could, of course it could. You could bring
up all sorts of connotations MASSI University. I know I
didn't say that, you know exactly.
Speaker 2 (37:26):
Hey, you and maybe you'll talk about this tomorrow. You've
been through a huge and I've got about thirty or
forty seconds left, a huge health transformation. It's been inspirational.
Speaker 8 (37:37):
Yeah, look at hairs and look at it. And it
came with some help by way of surgery. But losing
fifty five kilos, I had to go away and lose
twenty kilos on my own before I was considered for
bariatric surgery.
Speaker 6 (37:49):
Change.
Speaker 8 (37:50):
My life just just different. You know. I can't believe
top two inches everything, and I feel like it's all
in front of me now and that my data birth
is actually false by about two.
Speaker 2 (38:00):
Well, there you go. You've got You've got a second chance. Well,
go well tomorrow. Don't be too good or I might
not be back on Tuesday after the long weekend. Go well,
my friend. There he goes Hamish mackay. He'll be running
the cutter tomorrow. I'll see you back on Tuesday.
Speaker 1 (38:19):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay.
Speaker 8 (38:25):
Thanks to friend.
Speaker 1 (38:26):
You're specialist in John Deere construction equipment.
Catch all the latest from the land. It's The Country
Podcast with Jamie McGue Thanks to Brent. You're specialist in
John dere Machinery.
Speaker 2 (00:30):
Cada, New Zealand. Welcome to the Country. It's brought to
you by Brent. My name is Jamie mckaye. Shot to
the Heart and You're too blame. I don't know about
that one, but Miles Hurrell has fired the opening shot
for the twenty five twenty six dairy season. We're going
to kick off the show with the chief executive of Fonterra.
Yet another good news day for dairy farmers and by
(00:51):
default a very good news day for the New Zealand economy.
In Proudfoot is KPMG's global head of Agribusiness. Yesterday at
the end Tippoo Farming Conference, he released his twenty twenty
five agri business agenda. Is there anything new in it?
We'll ask him. Matt black Along, Well, he's the Canterbury
(01:11):
Center president, who's running or He's in charge of a
terrific team hosting the nationals the New Zealand Dog Trail
Championships being how to hand miss springs As we speak,
I think today's the last day. Well update proceedings. There
our Rosie correspondent as Chris Russell state of origin last night,
what about the state of the lamb, beef and dairy
markets and could there be a silver lining to the terrible,
(01:37):
terrible New South Wales flooding? And got a special guest
bit of a surprise for you to round out the show.
But we're going to kick it off with the big
news story of the day and that came from Fonterra
with its opening shop with the twenty five twenty sixth season.
(02:09):
It is today's a big news story, the Q three
business update from Fonterra and the most eagerly awaited number
was the opening shot for the twenty five twenty sixth season.
The price range is from eight dollars to eleven dollars,
which is great, But somehow, Miles Hurrel and I'm struggling
with the maths on this. The midpoints ten dollars rather
(02:30):
than nine point fifty. Why is that?
Speaker 3 (02:32):
Yeah, I getd Jamie. Well, well, firstly, it's not a midpoint,
is it. I think that we're signaling here. We feel
very confident as we sity today that ten dollars is
where we see the market both for the year that
we're in currently, but also the year ahead. But you know,
there's still we're dealing in a volatile world and the
geopolitics out there at the moment. So we're just signaling
(02:52):
to our to her farmers that there might be a
little bit more downside than upside from where we sit here,
So not a midpoint where we're paying farmers on the
basis that ten dollars is where we see the year
and will reflect that as the year goes on. But no, no,
it's a pretty good start, I think, and the feedback
guy's there from farmers this morning has been very positive.
Speaker 2 (03:12):
Well, I'm sure it is if you can get ten
bucks two years in a row. Some other industry commentators
miles are suggesting that there could be a softening of
dairy prices in the second half of the twenty five
twenty sixth season, and there's a lot of stuff, as
you well know, happening out there in the world that
could cause that.
Speaker 3 (03:29):
Yeah, and that's fear that that you know, the volatility
that we see out there, duo politics and you know,
wars that are underway and tariffs and all these sort
of things that just just create uncertainty.
Speaker 4 (03:40):
I guess for buys, and so that's the bit that
we need to be mindful of.
Speaker 3 (03:44):
But I think when they're saying the market will come
off in the second half, you know, the spot market
at the moment is above the ten dollars if you
buy on GDT on a spot basis, and so that's
probably a reflection of that. We do see that coming back,
but overall will still a very comfortable ten dollars as
we close the books of this time next year, you will.
Speaker 2 (04:04):
Take Farmers care about milk price, the dividend price, and
the share value and the return on or of capital.
So let's just go from the milk price, which is
really good, to the potential dividend. You've up the anti
awebit on what that could be. So that's going to
be another windfall for farmers.
Speaker 3 (04:25):
Yeah, and it just shows that despite a decent milk price,
that the team are focused and our jobs to get
a better return above the milk price and watch our
costs and focus and invest in the future. And the
team have done that, and so yeah, the returns for
the three quarters of this year are very positive. We
(04:45):
have narrowed the range for the full year with three
months ago, So that gives us some confidence of this
current year. We're a couple of months away from thinking
about what the year ahead looks like, and we'll talk
to the market at the right time. But you know,
the team are focused and hopefully we've seen it that
they're delivering, and that's that's so I think reflective in
the sheep price as well.
Speaker 2 (05:03):
Now, so you've narrowed that a year and earnings range
to sixty five to seventy five cents per share, What
does the payout policy say? It's the midpoint of that,
it's seventy cents. What could potentially, miles hure will be
a final dividend for farmers.
Speaker 3 (05:20):
Well, I mean, to your point, sixty to eighty percent
as our guidance on that. So so farmers will work
it out for themselves around where we see the outlook
for the full year, the position of our farmers, where
we see the strength of our balance, So all those
things will play to ultimately the decisions on the board
will make you come September that all those things are
actually looking quite quite positive. So farmers will make their
(05:43):
own sort of assessments, but we'll have to wait, unfortunately,
until we end of September to get that number, Well.
Speaker 2 (05:47):
Let me throw a number at you. Fifty cents.
Speaker 5 (05:50):
Well, yeah, there you go.
Speaker 3 (05:51):
There's a numbers that started from Jamie Sill. See where
that lends on the twenty fifth of September, will.
Speaker 2 (05:57):
We Now I talked about a return on capital I shares,
but also a return of capital. Now this consumer divestment,
you didn't really come out and say much about that today?
Is that likely? I mean, I'm throwing numbers at you again,
two dollars a share? Could that possibly be the payback
to Fonterra shareholders?
Speaker 3 (06:18):
Yeah, look, and it's again it's far too really to
start to talk about what that number looks like. And
so we are in the thick of that process, as
you should expect, and you know, it's not wise for
me to talk about that for both our shareholders suspective
in any potential buyers. But the dual tracks well advanced.
So that's that's the sale to a potential trade buyer
and also an initial public offering. So going down hard
(06:39):
on both of those and ultimately jobs to get value
back to our shaarholders. We have signaled a significant capital return,
so farmers will make their own again assessment of what
that looks like. But you know, hopefully towards the end
of the year, we'll be in a position to come
out to our farmers and say this is the likely
value we're going to get for it, this is the
this is the potential capital that we're going to send
(07:00):
back and do you support it. So, you know, all
those things are there tracking as expected at the moment,
but it's far to to sort of talk about a number,
despite the fact that some have of course.
Speaker 2 (07:10):
Yeah, of course, and myself included field days. I put
it to you, is going to be wild enough buoyants
the right word. It's certainly going to be positive from
the dairy farmer's point of view.
Speaker 4 (07:21):
Yeah, I think.
Speaker 3 (07:22):
So it's been a relative big cuple of quiet field days,
if I can recall. So, you know, i'd like to
think that that farmers are feeling boyant.
Speaker 5 (07:31):
You're moving.
Speaker 3 (07:31):
The oci cut yesterday is another sort of supporter of that,
I think, and the fact we've got some decent milk
price and some earnings out there. I think it's a
bit of the food capital that farmers haven't spent for
the last couple of years. So maybe all those stars
do align but ultimately farmers make their own calls on that.
Speaker 2 (07:48):
Miles Harrel, thanks for your time today on the country.
Congratulations on a good opening forecast shot and we'll see
you at field Days.
Speaker 5 (07:55):
Good.
Speaker 3 (07:56):
Thanks for much joys.
Speaker 2 (07:58):
Its quarter past twelve. You are the country. What a
good what a good opening forecast price ten dollars? I
think Rabobank by memory Emma Higgins came out with nine
to fifty mine. Rabobanks always conservative on that. To be honest,
I was surprised that it was such a high number.
But that's a good number if we can meet it.
(08:19):
But just remember that that forecast price range is between
eight and eleven dollars. You take the midpoint of that,
it is nine to fifty two. Ten dollars. Payouts in
consecutive years would be fantastic. I'll tell you what else
would be absolutely fantastic, and that would be to win
our final prize for still Chainsaw Safety Awareness Week from
(08:40):
Phil Ropiha and the team. It still love those guys.
Going to catch up with Philip Field Days. We have
the still MS chainsaw valued at five hundred and fifty
five dollars today, plus we're going to upsize that by
chucking in a STILL safety pack, which retails for two
hundred and nine ninety two dollars and fifty cents. The
(09:03):
Still MS one two or the Still MS one eight
two chainsaw is powerful and compact. It's a beauty ideal
for those smaller jobs around farms. You don't want to
chop down an enormous pine tree with it, but you
can certainly do a fair bit of damage with a
forty centimeter bar. Anyhow, if you want to win it
today you have to answer the day's question. But before
(09:24):
I throw out today's question, I will announce the winner
of yesterday's MS one eight two Still chainsaw and that
is k King from Canterbury. K enjoy your chainsaw. You
were able to tell us that the world champion still
timber sports competitor is Jack Jordan and what was his occupation?
(09:46):
He's a farmer and a tough bugger. Today's question to
win the chainsaw and the safety pack, name only three
so you only need didn't need to name three product
categories where Still can provide a battery powered tool option.
Well that's pretty easy, isn't it. If you don't know
the answer to that, I'll just go to the still website.
(10:07):
If you want to enter the competition, go to the
country dot co dot nz to enter. We will announce
our final winner on tomorrow's show Up Next it is
En Proudfoot, KPMG's Global head of Agribusiness, the Agribusiness Agenda,
released yesterday am Palmi North. We'll tell you if there's
anything exciting in it after the break This used to
(10:50):
be a hardy annual for me at field days. It
was the KPMG Breakfast and at that said breakfast, the
global head of Agribusiness Outsolds would release his annual agribusiness
agenda and you've jumped the gun this year. You released
it yesterday in Palmi North at the ETIPU Farming Conference.
(11:11):
Why was that?
Speaker 4 (11:13):
I suppose we wanted to give people a chance to
read it and think about it a bit before field dates,
so you know, rather than people listen to the messages
and then get on with their field day's days, which
can be very busy, it was much more about actually
read it and maybe it can start to feature in
more of the conversations at field dates.
Speaker 2 (11:31):
Well, that's your agribusiness agenda. It doesn't suit my agenda.
En that was breakfast for me on a Wednesday morning.
Speaker 4 (11:38):
Unfortunately, there's plenty of other options.
Speaker 2 (11:41):
I think, I think there are. That was totally tongue
in check. Okay, look, you've released in summary ten talking
points or ten key findings from the twenty twenty five agenda,
and this is kind of deja vu all over again.
The number one is biosecurity. It remains the top prior
for the fifteenth year running. Ian This is getting a
(12:03):
bit boring.
Speaker 4 (12:05):
It is boring, but I suppose that what it does
say is we know if something goes wrong in a
biosecurity space. It's fundamental to the sector of the impact,
but it's fundamental to the country as well. I think
the positives that came out of the conversations this year
were that, you know, we are making progress. So you know,
we've made progress on TB, we've made progress on microplasm PROVSS,
(12:27):
and we've had you know, the community rally round to
respond to the fruit flies and the avian influenza that
we've had incursions during the year. So the messages you know,
we beat this thing by collaborating, we beat this thing
by using technology. We just need to make sure that
we keep staying the course and doing the work to
(12:47):
keep ourselves ahead of it.
Speaker 2 (12:48):
Yeah, and buy and Large MPI is doing an excellent job.
Speaker 3 (12:51):
There.
Speaker 2 (12:52):
Are going to give them a pat on the back.
Of course, this agree Business Agenda comes about by you
talking or drawing on the insights of almost two hundred
industry leaders. Coming in at number four. I'm going to
jump down to number four because I thought in this
might be higher on the rankings list. Trade and supply
chain resilience are critical with global markets and a flux,
(13:14):
and I'm thinking with Trump's tariffs and everything that's going
on in the world geo politically, this might have rated higher.
Speaker 4 (13:22):
So if you look at the individual rankings, you know,
getting new agreements with key countries is the second highest
priority for industry leaders, so really focused on that and
then the overall trade positioning a lot more talk about
international markets. So if you go back two years ago,
really we were everything we were talking about was internal.
(13:44):
It was about the fatigue, it was about the stress,
it was about getting people across the border, and we
really had forgotten that we're actually producing food for the
world to eat. I think that's completely changed around this year.
And you know, there's much more focus on well, we
need to be able to sell to the highest value
customers around the world. We need to do the work
to find those customers, and we need to understand what's
(14:06):
important to them. So, you know, I think a lot
more focused than we've seen in recent times on markets.
Speaker 2 (14:12):
Ranking number two, climate resilience is back and focus or
should that be back in fashion in I guess after
Gabrielle that was a real reminder a couple of years ago.
It slipped away, but last year but then why it
goes again.
Speaker 4 (14:27):
Yeah, so last year it fell to forty first out
forty first in terms of the individual priorities, and the
survey definitely back up this year. I suppose the key
message that we've got in around climate and resilience is actually,
let's think about this not as an anchor about cost,
but think about it actually about how it's an opportunity
(14:48):
and you know, what can we do to monetize sustainability,
monetize what we're already doing in most of our farming systems,
which is world class, and get paid for that. You know,
we're starting to see the success from that. You can
look at what silver ferns are doing with the you
know the nature of positive beef products. You can look
at the deals that Fonterra have done with Nesle and Mars,
(15:12):
all of that suggesting, you know, if we if we
do amplify our environmental story and tell it really well internationally,
we can different our products and get a premium. So
I think, you know, thinking about how we make ourselves
more resilient is just good business. But if we can
tell a great story around being more resilient and get
paid for it, it becomes really had business.
Speaker 2 (15:34):
And I and I've heard all this before one hundred times.
Tell me something out of this report that will surprise me.
Speaker 4 (15:44):
The biggest surprise for me was probably the ranking that
got given to the We asked the question about the
banking review and whether the government should intervene in determining
how the banks lend, and that scored the lowest scores
we have ever seen in the over the last fifteen years,
going between three and four. And I think what it
(16:04):
says is, ultimately the industry leaders believe the banks are
acting in a commercial manner, and you know what they
what they want to see is actually the time being
spent on enabling the sector to move forward rather than
focusing on internal issues.
Speaker 2 (16:22):
One to finishan and I'm going to having a bit
of a poke here just because a feeling in a
mischievous moody and key findings from the twenty five agenda,
we've ranked them one to ten. Now number ten. There's
a call to lead with curiosity. What the hell does
that mean? That's management gobbledygook.
Speaker 4 (16:40):
No, it's about being prepared to not step away from
the hard conversations. And I think that you know, there
is a bit of a trendy tendity at the moment
that we're not wanting to talk about, say managed retreat
or moving having to move businesses out from where they've
(17:00):
currently been operating because it just doesn't make sentence to
be there with the climate any longer. And we're letting
some of those conversations go down the road. Most farm
transitions another example of that, where they can be really
hard conversations and we've just not faced into them. So
what we're saying is actually success in the long term
(17:21):
means so we've got to make sure we're focusing on
the things that are that the fundamental shifts in society
has opposed to the shocks you know, the shocks are
things like Trump's tariff announcements because they change every day.
The fundamental shifts are things like climate change, are things
like geopolitical realignment of countries. And if we're focusing on
those long term trends and we're asking ourselves and curious
(17:43):
about you know, what is important versus what's not important?
What are Why is something happening, How is it happening?
What's its consequences? You know, if we all take a
bit of time every day to do a bit of thinking,
I think we'll go further faster.
Speaker 2 (17:58):
Ian Brown k MG, Global head of Agri Business, just
reminds me to be curious again next time when we chat.
I'll see you at field Days.
Speaker 4 (18:07):
Thank you, Jamie. It's always good to talk and there's
always telling you a questions.
Speaker 2 (18:11):
Indeed, thanks n I'm going to take a break. On
the other side of it. We're heading to hand Miss
Springs its final day of the New Zealand Dog Trolling Champs.
We're going to catch up with the Canterbury Center president
who's running the show. His name is Matt Black. Before
the end of the hour, Chris Russell, our Assie correspondent,
and a special guest to wrap the show. I don't
(18:46):
know where that came from. Why do we put songs
Michelle on on our I think this is Nigel Galdin.
Let's just see what he's on about. Yeah, it was
meant to be a bit of bon Jovi living on
a prayer. I think we've mixed that in with Nigel.
Hello Nigel, if you're listening, be heading you away for
(19:08):
field days very shortly. Here we go, here's bon Jovi. Now.
Matt Black is the Canterbury Center President. He's the bloken
charge of running the New Zealand Dog Trial Champs, which
started on Sunday at hann Miss Springs at Lockheill Station.
What a great venue and they're wrapping up today. Matt
joins us on the country and Matt, when can we
(19:30):
expect some of those final results coming through? No doubt
we can talk about them on tomorrow's show. But are
you able to tell me who is on the leaderboard?
Speaker 6 (19:39):
Oh, good afternoon, Jamie, Thank you for having me. I
can't tell you what the actual results of the New
Zealand final those yet as they haven't come out, but
I can tell you the winners of each all three
of the Island events. So event one, which is the
long head, was Stuart Child from Tiinga the North Island.
(20:01):
Event three was John Bentley from Mofonger and the Woe
and he's seen her in the North Island. And event
four was a female competer at Joe McIntyre from metal.
Speaker 2 (20:11):
Y and so sorry, Matt. Events three and four is
that are they the hunt away events?
Speaker 6 (20:17):
Yes, that's right, that's zig Zig and straight hunt Youth.
Speaker 2 (20:20):
So we just don't know the short head and yard
that's the fourth event, isn't it.
Speaker 6 (20:24):
That's right, And that's just we've probably only got about
one dog. He's out there running at the moment. And
then as soon as that's done, there'll be the completion
of the South Island event for the course and we'll
know the place Keaders to contest the New Zealand final
very shortly.
Speaker 2 (20:42):
So will they have to run off this afternoon? Will they?
Speaker 6 (20:45):
That's right, the runoffs We've had pretty much finished three
of the other events that have completed, so it's just
the vent Toe. We'll get the runoff this afternoon and
then it'll be straight under prize giving him The winners
of the green ole be announced.
Speaker 2 (20:57):
How was the weather held up for the week.
Speaker 6 (20:59):
Matte, it's actually been really good, Jamie likes. It's actually
a life. We've was looking like it was going to
be wet early when the championship started, but we've been
so lucky and yeah, it looks like we might sneak through.
Speaker 2 (21:14):
I'm pleased to hear that. They tell me that, and
I've probably driven past it because it's on the way
into Hannemas Springs. They tell me Lockheill Station is a.
Speaker 6 (21:23):
Picture has looked really good, Jane. We've been so lucky
because we had previous previously been dry, but we've managed
to get rain just at the right times. And you're
so lucky. It's stayed mild and fed about of growth.
So the courses are looking at picture and yeah, we're
just so lucky the way the weathers sort of turned out.
Speaker 4 (21:44):
In the end.
Speaker 2 (21:45):
Now you also select at some stage it may not
be around the nationals New Zealand basically an all black
dog trialing team. And I know is that in the
past year that we lost captain tragically Neil Evans, no
doubt people will be thinking about Neil.
Speaker 6 (22:00):
Use that correct, it was Pierre Wakes and he was
obviously a good Canterbury competed, so it would have very sad.
The test team actually gets named today, Jamie, at the
completion of prizegiving, so it would be very interesting to
see who's selected.
Speaker 2 (22:17):
So you have to take on the Aussies. And is
it called the Whalergo Cup.
Speaker 6 (22:21):
That's correct, Yeah, the waller Go Cup. I'm not I'm
pretty sure it's hosted in New Zealand this time. Remember
I'm not one hundred percent sure on that.
Speaker 2 (22:30):
I'm sorry, Okay, all right, well, Matt Black, thank you
for some of your time. They tell me you're doing
a great job along with your Canterbury team running that
event at Lockhell Station at Hanna Springs. I will have
those final results tomorrow on our Rural News. Go well, congratulations,
very great, Thank you very much. All right, there we go,
Matt Black. So I won't be here tomorrow. We're going
(22:52):
to tell you who's running the ship. Awey bit later
in the air. I've got a farewell my old mate
Rowan Horal tomorrow. Boy, that's going to be a big day.
Speaker 5 (23:01):
Rare.
Speaker 2 (23:02):
Right up after the break, we will have a look
at Rural News and sports News before the end of
the hour. Our Ossie correspondent Chris Russell and as I said,
are we surprised for you? A special guest to wrap
the show, Welcome back to the Country. Very shortly the
(23:26):
latest and rural news and sports news. But lifting lamb
survival rates and boosting productivity takes more than just hoping
for a good season. Our newest podcast series called Optimizing
Lamb Survival is brought to you by Beef and Lamb
New Zealand and it delivers practical advice and proven strategies
to help you get more lambs on the ground and
(23:47):
through to weening. Episode one is out now. In it,
Rowena Duncan is joined by doctor David Stephens, Senior Scientist
and Agricultural Systems at ag Research. They explore how feed planning,
are you nutrition and understand what impactious system can all
affect lamb survival. Plus doctor Stephen's offers insights that could
help you change the way you manage your lambing this season.
(24:09):
So whether you're in the yards, out on the tractor
or kicking back after a long day, make sure you
tune into Optimizing Lamb Survival. 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 (24:25):
The country's world news with Cob Cadet New Zealand's leading
right on lawnlower brand. Visit steel for dot co dot
inz for your local store.
Speaker 2 (24:35):
It is twenty one away from one. Here on the country.
We found a John Boner or a Bonjovi living on
a prayer without Nigel Yelden in it. Anyhow, it's good
to hear from Nigel. Or Here's Michelle with the latest
and rural news.
Speaker 7 (24:48):
And the government's overhaul of the Resource Management Actor is
taking shape. Discussion documents are being released on plans to
open the country up to more mining, to reduce consenting
needs for building granny flats and reducing regulations farmers. People
are also being asked for feedback on creating special agricultural
areas around key sites like Pocacoe and Horrafenua. Rima Reform
(25:08):
Minister Chris Bishop says the current laws a handbreak on
economic growth and embeds a future a culture of no
And also just to tease for tomorrow, I'll have the
team that are heading to Milan in October, a still
New Zealand timber sports team will be announcing that live
here on the show tomorrow for our news.
Speaker 2 (25:25):
Brilliant and we'll announce the winner of the final Still
Chainsaw and the Final Still Safety Pack. It's worth a
lot of money five hundred and fifty five and two
hundred and ninety two dollars fifty respectively. Today's question is
and it's a pretty simple one which I can't find.
I hear it as here name only three You only
(25:45):
need to name three products where Still can provide a
battery powered tool option. So you don't even know to
need to go to the website to answer that one.
Speaker 1 (25:53):
Here's sport Sport with AFCO Kiwi to the Bone since
nineteen oh four.
Speaker 2 (25:58):
Oh, there's a story on Hurt Capewell the Warrior and
State of Origin arm or missing out on it, but
we'll talk State of Origin with their Ossie correspondent Chris
Russell and just a tick tactic skull shoot. Martina Salmon
wants to attempt more two pointers in net Bells a
n Z Premiership against the unbeaten Mystics on Saturday. The
twenty one year old is shooting a healthy eighty eight
(26:21):
percent and three games this season, but thinks she could
be putting up more long shots. Didn't she get one
in the Super five Final? I think she did or whatever?
She's only nailed two attempts from five this year. Very
good player and to all things blue. The Blues captain
Patrick Towey Piloto has resigned with New Zealand Rugby for
a further three years. Is that a wise decision when
(26:42):
he's thirty two, bit long in the tooth and three
years time?
Speaker 7 (26:45):
Hey no, don't be taking fun at people over thirty.
Speaker 2 (26:49):
Well I know, I'm just saying like as he got
three years left in him. Good player. While Chelsea, they're
also known as the Blues in the football world, have
won a Europe's third Tear Conference League title. Up next,
Chris Russell will talk State of Origin and state of
the lamb, beef and dairy markets on the other side
(27:09):
of the Tasman. He's Oursie correspondent of long standing Chris Russell,
based out of Sydney. He would have been cocker hoop
about the cockroaches beating the cane toads in State of
Origin last night. Chris, I must say, am I getting
old and boring? Or is state of origin losing its appeal?
(27:31):
Because I always remember I used to coincide the first
State of Origin game with field Days something to watch
while I was at Field Days, which is still two
weeks away. So are they bringing this forward? Has it
still got the interests that it's had on both sides
of the Tasman.
Speaker 5 (27:45):
Do you reckon in New South Wales? I would say,
you know, there's no loss of appeal down here at
the moment because we're definitely the flavor of the month.
I don't know why they bought it earlier. I think
it's all to do with scheduling around all the other
round games and so on and so forth. But nonetheless,
you know, I mean the game really flattered Queensland, you know,
but when you look at our side, we've got the
(28:07):
side of the century in the sense you know, when
you look at Nathan Cleary, Mitch Moses, Latrell Mitchell and
Brian Tohoe all in the one side, I mean ted income,
you know, there's not a side in the world you
put up against them, and you know, fantastic and great
to see us in good shape. And really the Queensland
didn't know they were cut, drawn or board, yes last night,
(28:29):
and I think we're looking good for the series.
Speaker 2 (28:32):
New South Wales looking good for state of origin. The
state of New South Wales though, Chris Russell not looking
so good. Really bad flooding, and there's been more since
we chadded last week.
Speaker 5 (28:43):
Well there has been and when you actually look at
one of the things that surprised me is that they're
a number of dairy farmers, I mean in Australia, in
New South Wales at least, our dairy farms have dropped
from around seventeen hundred and twenty in two thousand down
to four one hundred and fifty in total in twenty
twenty four. And of those, one hundred and thirty seven
(29:05):
were pretty much wiped out by the floods. So that's
a quarter of our dairy farms who we are more
more than a quarter which are just not present anymore.
And that's going to definitely affect our dairy supply here
enough to mention our long term genetics and so on,
with cows being lost all over the place. So it's
(29:25):
been very devastating this flood, certainly one in five hundred
year flood and it happens so quickly no one could
prepare for it. But they say there's always a silver
lining and My father always used to say there's much
more money in mud than dust long term. So all
the farmers that drive so their crop down in southern
New South Wales have now had their optimism if she
(29:47):
rewarded by this reign, so that will They all had
fifty to seventy millimeters of rain down around Waga, Tomora,
all those countries down Coolerman and so on in southern
New South Wales. So that's an exciting thing out of
all this rain. It's interesting too, Jamie, that are up
in the Northern Territory in northwest West Australia. They've had
(30:08):
record waking rains up there. Now once again they'll flood
for a while, but they don't care much because you know,
much better that than being dried out. So it's it's
sort of a mixed blessing. But by gee, the farmers
on the coast, they're really battling and it's going to
take a long time for them to recover.
Speaker 2 (30:26):
We've had Fonterra here in New Zealand today announcing it's
opening four cast milk price for the twenty five twenty
sixth season. What's happening on your side of the tessment?
Speaker 5 (30:36):
Yeah, Well, they've just lifted its wayed average milk price
for the rest of twenty four to twenty five to
eight dollars thirty five a kiro of milk solids. Now
they've told that the opening price is going to be
eight dollars sixty for next season, which they're sort of
trying to speak up. That's significantly less than you. And
(30:57):
as far as the farmer's here concern, I know that
comedy by United Dairy Farmers of Victoria president Bernie Free
said it was just a slap in the face for
dairy farmers. He said he thinks Fonterra doesn't want the milk.
That's a signal of the farmers. And look at the
drought that's affecting Western Victoria, South Australia, Gippsland and Northern
Victoria where most of the milk is. They should be
(31:19):
talking around ten dollars for getting eight dollars sixty five.
He doesn't know why that's so low, and it's certainly
no encouragement for people to put in the work and
grow their dairy production.
Speaker 2 (31:31):
Jamie, Well, it's ten bucks over here, Chris. I'm even
if we take the exchange rate into play. New Zealand
dairy farmers are doing considerably better, you would think, out
of Fonterra than the Aussie ones are. Maybe they don't
want the milk. I don't know what about the lamb prices.
These go from high to higher.
Speaker 5 (31:48):
Yes, well, a lamb price last week broke the record
three times in twenty four hours three of our big
land markets Ballarat, Horsehaman and Warreck and Bill, all in Victoria.
And they also said that they're expecting you to go
even higher. Again, you're looking at heavy lambs. Heavy lambs
here to find us over twenty six kilos bareed saying
four hundred and ten dollars ahead at Warwickner Bill. It's
(32:10):
a lot of money for a lamb. Now, of course,
if you look at the store lamb prices, they've gone
the other way because no one's got any confidence they're
going to have any feed down in southern Victoria. But
in terms of the expectation of having enough lamb for
the market and for the avatise over the next few weeks,
there's obviously a lot of pessimism there. So anyone who's
got heavy lambs at the moment is making a lot
(32:32):
of money.
Speaker 2 (32:33):
Jamie so let's have a look at Ossie beef like
Kiwi farm as you're enjoying record prices, the good times
are set to continue.
Speaker 5 (32:41):
Yes, well, I noticed that the SIAL Trade Show, I
think that stands for Salon Lannimentacion some of your other,
which is basically the biggest food show in the world,
is in Shanghai this week, five thousand exhibitors there. Australia
had a two hundred square meter stand, quite a big stand,
(33:01):
right next to an American stand of the same size.
The Australian stand absolutely flooded with buyers the entire show.
American stand pretty much deserted, and half the exhibitors didn't
even bother sending anyone from America. They just relied on
local representation. So you know, at the moment we're absolutely
killing it compared with America. Of course, that could all
(33:22):
change if they reissued permits to a lot of the
American advertoires, but currently ninety percent of the American avatires
haven't had their licenses renewed. Plus there's also this twerf
war going on, which is adding significantly the price. So
in terms of grain fed product, we're making hay while
the sun shines. We have plenty of the market for
(33:45):
our grain fed meat, I must say, and as I
think I said a few weeks ago, everyone's nervous about
becoming redependent on China, but I think everyone knows this
could be very short term, but the short term it is.
And I think all of our people feedlots in particular
over here are exporting every day, can export and making
the most of a very point market for high qua.
Speaker 8 (34:08):
With the end of the market, Jamie, long.
Speaker 2 (34:10):
May it continue and go the cane toads in state
of origin too. I think it's over in Perth in
about three weeks time. We'll catch you next week on
the Country.
Speaker 6 (34:19):
Chris forward to Jamie.
Speaker 2 (34:22):
Good on you mate. There we go. It is eight
away from one year with the country brought to you
by Brent. Yesterday we were talking about Munga mingy station
and Rappaoa, the Palmu farm or station that's going into
trees or largely into trees. Got an interesting text I
didn't get time to get to yesterday from Cheryl. She says, Hi, Jamie,
we have worked for Palmu some L six and L
(34:44):
seven class land is still useful as shelter for lambing
carving and fawning. Some of those southern faces you've talked
about also shouldn't be tree locked, as they are some
of the best. Some are safe country for grazing. Far point, Cheryl,
So have a self sustaining system. Better planning of the
whole system is needed. Planting pines is not future proofing
(35:08):
our food production potential. It is eroding. It couldn't agree
with you more there, Cheryl up next to special guests
to wrap the country. Chill, smile, okay. Wrapping the country
(35:31):
has promised a bit of a special guest will be
making his debut on the country, although he has done
the occasional piece in the past. Tomorrow, I'm out of here.
I've got a farewell my great friend Rowan Horral getting
a bit emotional thinking about it. We're gonna have a
great day in Riversdale to celebrate his life. So Rowena
is moving to Is it greener pastures? Fmgah. Anyhow, she's
(35:53):
still going to be hanging around, but she's not available tomorrow,
and this man is and he's running the cutter tomorrow.
So from one Mackay spout correctly to another Mackay spout incorrectly.
Hamish welcome to the country. Don't cock it up tomorrow.
Speaker 8 (36:09):
I won't cock it up tomorrow like when our four
my four beer has got off the boat and duneed
it and missed out the A in our name and
we sort of became the second team Mackais forever in
a day. So yeah, no, I won't cock it up.
I'm looking forward to I feel like somebody who wanted
to test jumper all their life and Pat's going to
grab one.
Speaker 2 (36:26):
Yeah, what I said to you. I texted you ever
in the week when I found out your filling and
I said, don't do too good a job because, as
you know in Radio Hamish, if you can, if they
can find someone younger, cheaper and smarter, and I think
you're at least two of those, you're gone.
Speaker 8 (36:43):
Yeah, I'll probably be cheaper, or it might be a
big young and mind you're on the shearing Water a
couple of years ago. You look like the younger one,
so I can't claim that.
Speaker 5 (36:51):
Really.
Speaker 2 (36:51):
No, you've got a good we know you used to
run the cutter with Old Lowie on the Opposition Show.
You've got a good rural background, raised on a man
or two farm, was good enough to be honest, I
only won the sharing because you've got a kicker. You
were good enough to make the golden shares. I think
was it Junior final or something like that.
Speaker 8 (37:09):
Sone lines, you know, bottom tooth down form, the comb
up all that stuff.
Speaker 2 (37:14):
Well, I was going to say, you know your way
around the sheep. But people could misconstrue that homish.
Speaker 8 (37:19):
Yes they could, of course it could. You could bring
up all sorts of connotations MASSI University. I know I
didn't say that, you know exactly.
Speaker 2 (37:26):
Hey, you and maybe you'll talk about this tomorrow. You've
been through a huge and I've got about thirty or
forty seconds left, a huge health transformation. It's been inspirational.
Speaker 8 (37:37):
Yeah, look at hairs and look at it. And it
came with some help by way of surgery. But losing
fifty five kilos, I had to go away and lose
twenty kilos on my own before I was considered for
bariatric surgery.
Speaker 6 (37:49):
Change.
Speaker 8 (37:50):
My life just just different. You know. I can't believe
top two inches everything, and I feel like it's all
in front of me now and that my data birth
is actually false by about two.
Speaker 2 (38:00):
Well, there you go. You've got You've got a second chance. Well,
go well tomorrow. Don't be too good or I might
not be back on Tuesday after the long weekend. Go well,
my friend. There he goes Hamish mackay. He'll be running
the cutter tomorrow. I'll see you back on Tuesday.
Speaker 1 (38:19):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay.
Speaker 8 (38:25):
Thanks to friend.
Speaker 1 (38:26):
You're specialist in John Deere construction equipment.
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