November 7, 2025 • 40 mins
Jamie talks to Nicola Willis, Emlyn Francis, Jane Smith, Stefan Vogel, and Winston Peters.
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Speaker 1 (00:00):
The best of the country with Robbobank.
Speaker 2 (00:02):
Choose the bank with one hundred and twenty years global
acribusiness experience.
Speaker 1 (00:06):
Grow with Rubbobank. See Glamor. Please pardon the grammar, but
you're every schoolboys dream. You're Celtic United. Bad, I've decided
you're the best.
Speaker 3 (00:23):
Team of today. And good Morning New Zealand. I'm Jamie McKay.
This is the best of the Country, brought to you
by Rabobank each and every Saturday morning here on News
Talk said be you're an essay in Glamour. Please pardon
my grammar, but you're every schoolboys dream. You're Celtic United.
But baby, I've decided you're the best team I've ever seen.
(00:46):
Rod Stewart for I Rock and Rod Stewart kicking off
the show today the All Blacks of course in Edinburgh,
the Silver Ferns in Glasgow. It's all on in Scotland.
But before we worry about that, we've got to get
through the best of the country. Going to kick it
off with Nichola. Willis caught up with her in a
North Canterbury col paddock on Tuesday. We stayed in North
Canterbury on Tuesday rail damage there with the wind. We
(01:08):
talked to local farmer Emlyn Francis. Go down the road
to talk to Jane Smith in North Otago. She pulled
no punches when it came to Nicholas taking the piss technology.
Excuse my language, but all will become a parent in
just a minute. We're also going to chat to Stephan
Vogel from Rabobank out of the Sydney office and no
(01:30):
show without punch Winston Peters to wrap the best of
the country, the best.
Speaker 1 (01:42):
Of the country with Rabobank.
Speaker 2 (01:44):
Choose the bank with a huge network of progressive farming clients, Rabobank.
Speaker 3 (01:48):
She is a very excited Minister of Finance or finance
minister standing in the middle of a cal paddock in
North Canterbury. How does that work? Let's ask Nicola Willis, Nicola,
shouldn't you be in the bee?
Speaker 4 (02:01):
Well?
Speaker 5 (02:01):
Look, great day when I'm on farm talking real solutions
to real challenges. And today I'm celebrating new science which
is going to help reduce our farmer's emissions water, increase
their productivity and reduce their greenhouse gas emissions along the way.
So exciting, practical, positive stuff.
Speaker 3 (02:22):
Now there's a bit of a veil of secrecy around
this because a Kiwi ad tech company, a startup company
called Moor has secured one point two million from agri
is their own New Zealand to accelerate the development of
its cow wearable technology. And this is to try and
reduce the intensity of urine patches and use this natural
(02:44):
fertilizer God, God's own fertilizer and spread it evenly around
the paddock. How does the cow work that one?
Speaker 5 (02:52):
Yeah, look, this is a This totally makes sense. So
Egrey zero is a partnership with government money, an money
from a bunch of corporates including Frontira and commercial banks
looking for solutions to reduce emissions on farm and Armer
have made the simple observation that a big source of
emissions is those nitrate patches that come when the cow
(03:14):
does their business. But that in that is actually this
incredible resource which if we could spread it around the
padd it would be an awesome source of fertilizer. So
that's come up with a device the cow were's the device.
The device senses when the cow's about to take away
and then it spreads that we all over the paddic
instead of just going in one concentrated patch, which of
(03:37):
course means less emission to waterways, less nitrous oxide, and
a much cheaper source of fertilizer.
Speaker 3 (03:44):
Now, Nichola, there's a bit of veil of secrecy around
us because they're still going through the IP process. But
can I ask you this question because I think you've
seen it in action and you're limited as to what
you can say. Does the cow where the device at
the front or the back end?
Speaker 6 (04:00):
It's a rare end operation.
Speaker 5 (04:03):
And look, yeah, they are being a bit cagey because
they want to make sure all their intellectual property is
protected before they go public with the picture of the design.
Because actually this is a solution that could be worth
a lot of money. This is science and tech that
I think people will be prepared to pay for if
they can get it working well, because it's not just
(04:24):
about the environment, this is about productivity instead of paying
for fertilized I why not work with what nature's.
Speaker 3 (04:30):
Going Absolutely, And if that just sounded like a dumb
question for me, I was wondering whether it was maybe
a wearable collar. And as the cow was about to pee,
it gave it a weed tickle up or something like that,
and it sort of walked or ran a weebit while
it was peeing, thus spreading the high concentrate nitrogen. So
is this like a weed mini fertilizer spreader at the
(04:51):
back end of the cow.
Speaker 5 (04:53):
Well, I think that's a fair way of characterizing it now.
Of course, it's in its early stages. So what we've
seen with these on farm technologies as the scientist comes
up with a cool idea and then they adapt it
and adapt it to make it really practical for the farmer.
So with this investment that Egry Zero's making, they'll be
able to do those trials and chune it up so
(05:13):
that it's in a way that works for the farmer,
works for the cow, gets the best results. I imagine
it'll evolve a little along the way too.
Speaker 3 (05:21):
Well, gravity would suggest there could be other problems with
the we fertilize the spreader at the back end of
the cow. Yeah.
Speaker 5 (05:28):
I think the farmer's listening. We'll be thinking through the
practical implications of this, and there's a few questions that
I think it's where's asking And I can sure everyone
the scientist is asking himself.
Speaker 3 (05:38):
Okay, while I've got you, I see you're going to
fast track. What another supermarket chain into the country, is that.
Speaker 5 (05:44):
Right well, where it's passing law and I've introduced the
legislation yesterday which will make it far faster for a
newsage market competitor to get the resource content and permission
to build right now. Even if they wanted to build
a competitor to your local New World of war Worth,
they could end up in hearings and court processes literally
(06:04):
for years. That's not good enough. Key shoppers need these
deals to come to market sooner. So we're putting in
place this fast track mechanism so they can bypass all
of that, get their permission quickly and get building that
competitive suits market to give you a better deal.
Speaker 3 (06:20):
Well, the King of fast tracking is none other than
the Prince of the Provinces, the Minister for Regional Development.
I think that's his title. Mar Tour Shane Jones. Now,
it's all very well for Shane to spout off about
fast tracking things. I was reading this morning, Nikola that
less than ten percent of Shane's Provincial Growth Fund loans
have been repaid. This was just a giant lollly scramble.
Speaker 5 (06:43):
Well, unfortunately Shane had to work with labor under the
last government, and they weren't quite as good at managing
people's money and putting checks and balances on things. The
good news is Shane's now working with the National Party
and that's what we specialize in. So the regional infrastructure
Funds which he now has, has a lot of chicks
and balances on it to make sure that we don't
(07:05):
have that sort of thing hurdening in future.
Speaker 3 (07:07):
So you can train a cow to spread fertilizeries evenly,
can you train Shane to spread his more evenly across
the country.
Speaker 5 (07:17):
It's a two way thing. I learned from Shane and
I think he learned from me too.
Speaker 3 (07:21):
And one final comment on Shane's boss Winston, did you
and him have a scrap over the Fonterra thing?
Speaker 4 (07:28):
Notion?
Speaker 5 (07:30):
No, we haven't even discussed it actually, and that's not
something we've discussed. It hasn't, of course, involved any government decision,
so it's not something that's come.
Speaker 3 (07:37):
To Yeah, well what is Winston? Why is Winston commenting
on it?
Speaker 5 (07:42):
Well, you'd have to ask him. I was able to
explain what goes on in Winston Peter's mind. I'd probably
be a wealthy, wealthy woman.
Speaker 3 (07:50):
Well, you didn't have to haul miles and again for
another scolding, did you no.
Speaker 5 (07:54):
Look, I've always been very respectful of the role of
the shareholders and the co op's that for them to
assess what do they think is the best strategy for
their business they own it, what is the best future
for their milk that creates the most value for their farm,
their family, their community, and I know that they will
have taken Miles in his team through the ringer checking
(08:16):
out whether their commercial strategy makes sense. Obviously they did
that and they decided to vote in very big numbers
for the proposal that the Fonterra exec put forward.
Speaker 3 (08:27):
Nikola Wallis, Finance Minister, standing very happily in a North
Canterbury dairy paddock. Thanks for some of your time today.
Speaker 1 (08:34):
Great to be on the show The Best of the
Country with Rubbo Bank, the bank with local acribanking experts,
passionate about the future of rural communities, Rubber Bank.
Speaker 3 (08:44):
So for the past week or ten days we've been
concentrating on some of the damage because it's been in
a state of civil emergency in Southland and Southwest Otago.
But of course the other region that was rarely hammered
was Canterbury, particularly North Canterbury, the culvid area. Let's go
to the coal face and talk to one of the farmers,
yet another friend of Jeremy Rook's. I didn't realize he
(09:07):
had that many. Emmlin Francis dairy farmer, couple of farms
up there. How bad was it, Emlin.
Speaker 7 (09:14):
I've never seen one like it? Jomie, it was next
I couldn't believe it. Where I was driving around with
our daughter and there was trees just exploding. Hindsight, it
says we crept. Shouldn't been driving around with my daughter,
but yeah, it was unbelievable, like one hundred year old
trees just exploding halfway up. It was next level.
Speaker 3 (09:29):
Yeah, I've seen a picture I think from the Culverton
area where there's a shout about them. The whole thing
has just laid flat. How far is that from your place?
Speaker 7 (09:37):
Just up the road, I think, yeah, just along the road.
We were actually driving up, but we decided to guess that.
When the third or fourth three started falling down across
the road, we thought perhaps it was foolish and we
went to ourther farm another direction.
Speaker 3 (09:49):
The trees are one thing you can grow some new ones,
albeit that takes a lot of time, but again you've
got to chop them up. But from a financial point
of view, the damage done to the pivot irrigators, how
did you fare and how is the region fared?
Speaker 7 (10:04):
I mean absolutely, We've got one of our farms got
an absolute hiding. It has sex set of pivots on it,
one of which is just a small three hectare spinner
and that's the only one that stowed up. So we
have a contract well on that farm, six hundred and
fifty cows and all the pivots are down. And I
really don't envisage water toil when I'll be really really
thrilled if we have water the side of Christmas really and.
Speaker 3 (10:23):
You're getting very dry at the moment. This could not
happen at a worse time.
Speaker 7 (10:27):
Timing was pretty ship yeah, like cows are peaking, we're
just starting making potentially harvesting supplement, all that sort of thing.
You know, it's pretty catastrophic, pretty catastrophic. There was a
video one of our staff took from inside our smugger
room at the cow shed, and I think it made
the stuff for made the news. It was you know,
(10:48):
there was a checkery paddock just absolutely flogging. It was.
We had a French girl working for us who was terrified.
It's absolutely terrified.
Speaker 3 (10:55):
I'm hearing reports that some of the farmers haven't got
insurance on their pivot irrigators because the insurance companies won't
ensure them, and even if they do, it's too expensive.
What about you?
Speaker 7 (11:07):
We're okay now, but I suspect that that will be
a conversation that will happen down the track. And we're
all so the small fund that took hiding man considering
summer or you know, some pole springers. We haven't a
heart of a strategy session this week with some consultants
and we'll just just do the mass. I mean, if
you capitalize the capitalize the insurance p mems and the
(11:30):
insurance excesses of a time, you can probably justify buying
some more money to put poles in and that don't
blow down.
Speaker 3 (11:38):
How do you get up from the ground and dust
yourself off after an event like this? Like you say,
you've been farming in that area for thirty years, you've
never seen wind like it. I mean, there's nothing to
say that you might see wind like it again next season?
Speaker 4 (11:52):
Yeah?
Speaker 1 (11:52):
True?
Speaker 4 (11:52):
I mean not.
Speaker 7 (11:53):
What you just do is you play what you worry
about what you can control. So you know, we've got
all the trees out of the way, so guys they've
got access, got any power that was broken fixed up.
We've got you know, offences fixed and get insurance underway
and the pivot repair of guys underway and the rest
of it. You know, I mean, I don't worry about
many things, and you just you know, you worry about
(12:14):
where you and trant and just and that gives your
power if you're if you're achieving something that you can
can achieve, then you're making progress in that direction.
Speaker 3 (12:22):
Emlyn Francis, thank you very much for some of your
time to appreciating their thoughts. Go out to you guys
in the North Canterbury region, like Southland and Southwest Otago.
You've been had hard, but at least you've got the
Canterbury Show or the christ Show to look forward to.
Speaker 7 (12:37):
Ah. Yeah, but I mean you go along there and
kick tires. That's you know, that's We've actually got a
couple of pigs at home, which you've entered in the bar.
In the bar section, it's more for the more for
the unclos that go along and don and try and
find a wife, perhaps.
Speaker 3 (12:52):
Find a wife and the ball pen. Now, of course
you know turn up on the Thursday because we're launching
the twenty twenty five Makaiser and the Emerson Tiny Pub.
I'll look forward to meeting you.
Speaker 7 (13:01):
There perfect no sure much story, Jane.
Speaker 1 (13:04):
The best of the country with Rubbobak.
Speaker 2 (13:07):
Choose the bank with one hundred and twenty years global
agribusiness experience, grow with Rubbobak.
Speaker 3 (13:12):
She's a North Otago farmer. Her name is Jane Smith,
has a regular slot here on the country. You never
die wondering what she's thinking. I want to start with
yesterday's chat with Nikola Willis, the Finance minister who was
standing quite happily in a cow paddock in North Canterbury.
With this new technology, the urine spreader plugged into the
back end of a cow. The mind boggles Jane Smith,
(13:35):
How's this going to work?
Speaker 6 (13:37):
Jamie? I always get concerned when I see a photo
shoot with a politician and a paddock flanked by overpaid
bureaucrats and suits, ties and gum boots that are probably
never seen mud nor hard work. And so you know,
I guess I'm rather than that. How I'm more concerned
about the why. So I guess you know, again it's
another venture capital stunt by the egg and true that
(14:00):
there's actually using tax payer money. And I did hear
Nicholas say it was government money, yes, but it comes
from the taxpayer, right, And I think as a sector
we need to be very very careful that we're not
asking the tax payers paying for every PR stunt and
the accept and now I'm not minimizing the nitrate is shoe.
I mean, there's been some really good research going into that,
and there needs to be more research, but I absolutely
(14:20):
will minimize the emissions issue in terms of the not
to fox side. I mean, you look at it as
point three percent of greenhouse gases, and water vapor itself
is ninety six percent. So gosh, we're going round around
the Mulbi bush spending a lot of money and there's
a lot of people set to make a lot of
money out of methane mitigation. Jamie, you and I have
(14:41):
talked about this for so so long, and actually we
need to actually be looking at the real issues, not
these you know, it's all saying when things go wrong
at the circus you bring the clowns out to distract you.
And you know, greenhouse gases are a very small as
you particularly naturally biogenic greenhouse gases. Need to look at
the real issues. I A, you know, infrastructure, second world
(15:04):
healthcare that we have New Zealand is fun fundraising for
their own cancer hospitals, the fact we can't afford our
own few fuel, food and energy Jamie. And you know,
I see she also announced another supermarket chain, well, making
it a bit easier for another supermarket chain, but that
doesn't fix the fundamental issues that continue to I guess
we continue to pander around the parasy called Jamie. So
(15:25):
that is why it's been fascinating to see a bit
of a change in that globally, Jamie. Even old woke
hold Bill Gates is starting to revoke his position.
Speaker 3 (15:33):
So do you think Trump has changed the narratives there?
Speaker 8 (15:36):
Well, I'm not.
Speaker 6 (15:37):
Sure if it's chump, but I think I guess that
just that whole environment around being able to see the
woods sort of trees and actually and makes them, you know,
bring some sense into this. And you know Bill Gates,
who is again one of the biggest climate change alartists
and has put a lot of money into I guess
making as all more alarmed said last week, the biggest
(15:57):
problems are actually poverty, disease and FOD security, and which
is what we thought all along, you know, So this
is this is the thing bringing it back to the
biggest issues and actually adapting to climate change because again
the climate that was always changed or would still be
in the in the by sage and so things like
see those the corporates that were falling over themselves to
(16:19):
sign up to those what it's it called science based
target initiatives, which is again a trojan horse for just
like use righteousness. There's been eight hundred ninety three companies
pull out of that in the last few months, and
that's what we've seen worldwide. Same thing with the taxonomy
nonsense that the New Zealand government had been caught up in,
same thing with alternative proteins, soleb grown meat, et cetera.
(16:40):
So that's absolutely going out of favor. As a consumer thinks, actually,
I actually want naturally produced food.
Speaker 3 (16:46):
Okay, Jane, just going back to the urine spreader, because
I'm fascinated by this. If they can get this to work,
and it does work, that's a good thing. Because it
is a major issue greenhouse scarce submissions aside cows peeing
concentrated lots of urine in one place, going into the subsoil.
Speaker 6 (17:05):
Absolutely, Jaman, I'm not minimizing that. I am on again
a guess alarms that there's people wanting to make a
lot of money out of this rather than actually pulling
back at at the real issue. And again, I mean
going back fifteen probably twenty years now, there was a
product called eco n and that actually slowed the rate
of the soul bacteria converting ammonia into nitrate and not
(17:25):
as oxide. And that was that had some real merit,
but again the environmentalists didn't like that either. So I
think we need to be very careful that what we're
doing is practical, it's scalable, it's cheap, because we again
had this weird fascination of intensive, expensive interference with our
advantage which is actually a resource advantage for New Zealand
(17:45):
as our extensive low input pasture raised system. So we've
got to be very careful we don't turn ourselves into
an EU type of scenario. And I also think that
all of these things also can be a bit of
an excuse for intensifying agriculture, and that is not the
way that we should be going in terms of ge
(18:06):
And I guess all of is again technology that's disguised
as something that we need, when actually we need to
make sure that we are promoting everything that we do
naturally first and foremost, we've done a pretty poor job
of that.
Speaker 3 (18:18):
Jay on a couple to finish on, I see we're
banning one of Wellington's only sheep farms.
Speaker 6 (18:23):
Yeah, I see that. So the Belmont Farm Park, so
one thousand heat DearS and it's pretty easy access for
urban people in Wellington. And now there's a ciders that
due to the stock emissions of the sheep emissions. And
again this just shows you another example of blatant misunderstanding
of biogenic egg emissions that they're going to retire eighty
(18:43):
percent of that park despite the increased fire risks, the weeds,
the peats, and the sad fact that people won't have
access to an actual, working, living, breathing farm. So that
just seems ridiculous. Whereas down in Canterbury, I said, the
chross Church City Council are now allowing deep on the
Kennedy Kennedy Bush track on the porthills where the fire
(19:03):
obviously started a few years ago as a trial to
see get this one will the sheep eat the grass?
Speaker 7 (19:09):
Two?
Speaker 6 (19:09):
Will they keep it short and green? And three will
that decrease the fire risk? I mean hopefully they can.
Probably they can share their research findings with doc because
they've got a million hectares of that type of ground
that they need to actually control those things on. So obviously,
you know, again that's actually win some sense and sensibility.
I wouldn't call it a trial, but that's actually kicked
in compared to the Wellington City Council. So I see
(19:32):
all regional council. I see there's a petition going for
that Belmont Farm Park. So I wish them well because
it's absolute nonsense. Jamie.
Speaker 3 (19:38):
Just to finish on, are you getting dry on your
North Otago farm? We know that Hawks Bay is getting
a bit perilously dry this early in the season.
Speaker 6 (19:46):
Yeah, certainly looks very very dry there, and really feeling
for those farmers up there, and we're probably better than usual,
I guess if you had to say that. So we've
had again that's six weeks of Nor'Westers. We had that
snow last week and things have actually been either really
hot or really cold. But we're actually we're probably not
too bad in stock are looking really good and there's
some great cracking lambs coming off the hill Jamie. So
(20:09):
you know again, hopefully we can hang on a there
and this side of December. If we can get this
side of Christmas in a good season, we usually both
well for a decent summer, Jamie.
Speaker 3 (20:19):
Jane Smith, thanks for your time. I'll let you get
on with your beef and lamb. New Zealand Field Day
on your New Haven farm today.
Speaker 6 (20:25):
Thanks Jamie.
Speaker 2 (20:27):
The Best of the Country with Rabobank. Choose the bank
with a huge network of progressive farming clients. Rabobank, well good,
Thank God God sumber Se you.
Speaker 3 (20:42):
Good and good morning and New Zealand. I'm Jamie Mackay
going Scottish this morning on the Best of the Country
Rock and Rod Stewart Maggie May Early Rod the Best
Rod right up next on the Best of the Country.
On Wednesday's show, we went to Sydney to catch up
with Rabobanks Senior again previewed the banks November Agribusiness Monthly,
(21:03):
which came out yesterday or Thursday. Was it aptly titled
Spring Throws Parting weather Shots. Certainly that we talked about
interest rates. Everyone's interested in that, dairy beef and lamb prices.
We're going to wrap it with Winston Peters also on
Thursday show, The New Zealand First Leader at his combative
(21:24):
and argumentative best when it came to the alliance and
Fonterra farmer votes. We also debated unemployment rates, the Pike
River movie and whether he was interviewed for Jacinda's unauthorized biography.
You're going to enjoy Winston Peters wrapping the best of
the country. But before I forget, I want to get
(21:44):
a plug in for our show's sponsor, Rabobank. Rabobanks All
in One is the farmer's ultimate bank account. You can
save time as there's no need to transfer money between
accounts and pay less interest as any income received into
the all in one account met ediately reduces your variable
loan balance. Make your money work for you. Find out
(22:05):
more at the reb site rabobank dot co dot nzen
rabobank and this is a wonderful initiative. Rabobanks also proud
to sponsors Surfing for Farmers, which runs in locations across
New Zealand over the summer months. The initiative encourages farmers
to take a couple of hours to head to the
surf to help better manage stress and improve mental health.
(22:26):
It's also a fantastic social event, with attendees enjoying a
barbie and some drinks afterwards. Visit the Surfing for Farmers
Facebook page for more details on locations and start dates.
Up next, Stefan Vogel out of Rabobanks. Excuse me, I'm
losing my voice out of Rabobanks Sydney office and we're
going to wrap it with the man himself or depending
(22:48):
on your political alliances and allegiances, Winston Peters. I've got
to go before I lose my voice completely.
Speaker 2 (23:00):
Seniors, the best of the country with Rabobank, the bank
with local acribanking experts, passionate about the future of rural communities.
Speaker 3 (23:11):
Rabobank after Sydney. Now on the country. There we find
Stefan Vogel, Rabobank's GM of RABO Research for Australia in
New Zealand. Stephan, you guys are about to release your
November Agribusiness Monthly. I want to start if I can
on interst rates and exchange rates, particularly interest rates. Our
(23:31):
OCR is currently sitting at two point five There is
talk of another drop late this month to two point
twenty five. Yours in Australia is sitting at three point
six percent. Why is yours so much higher than ours?
Speaker 8 (23:44):
Yeah, that's a very good question. Look in the race
of putting interest rates higher, when every central bank did
that two years ago, we were actually one of the
late ones. We were starting increasing the interest rates much later,
and also on the way down we started much later. Basically,
we're at the point when we look at the latest
economic data that come in. Inflation is sticky, unemployment doesn't
(24:06):
justify that we actually keep on cutting.
Speaker 3 (24:10):
What about here in New Zealand, what chance of us
getting down to two point two five percent? Because there was,
of course talk of us getting to two percent, but
that seems to have dissipated obviously off the back of
higher than expected inflation.
Speaker 8 (24:24):
Exactly, And it's a bit the same in New Zealand.
So we're looking at New Zealand these days and we
still hold one more cut off twenty five in November.
That is a little questionable, but we will now hold
that forecast. But as you said, there is not a
lot of other cuts expected after that, so that we
might end actually that cutting at two point two five.
Speaker 3 (24:46):
So maybe this is as good as it gets. Let's
have a look at the commodity outlooks. I'll start with dairy. Okay, look,
we've had a global dairy trade auction overnight down again.
Dairy prices are softening and that a lot of that's
due to the supply on the global stage.
Speaker 8 (25:02):
Yeah, that's a little bit the tenure here in the region.
If you look across the board, we see actually really
strong supplies on the world market coming now in and
also if you look at New Zealand, I think volumes
were good, while here in Australia we were actually a
little sluggish. So overall, if you look at it, butter
(25:23):
prices that were really the driving force over the last
let's say two years, we're back down to levels that
we had about six months ago in terms of price,
so they have given quite a bit of downside globally.
And we've also seen that the skim milk and whole
milk powder prices are weakening. So with that global picture
of plenty of supplies and plenty of choices, prices are
(25:47):
getting a bit under pressure, and I think it's hard
to imagine that that will change somewhere quickly. We have
gone through a period of tightness in the global market,
but now it seems to be reversing.
Speaker 3 (26:00):
I can't say that about baits still plenty of demand
for that.
Speaker 8 (26:04):
Yes, I think the driver obviously is if you look
at prices locally in New Zealand, they're still very good.
We have seen overall the volumes going down from where
they were last year, and if you think about the
demand on the global picture has been really strong and
that is helped by the US. The US is one
(26:25):
of those big importers these days. The heard in our
view is at that point where they start to slightly rebuild,
but it's not going to be a quick one. So
in our view, the good news in that beef market
is there is continued demand, maybe not as strong as
it is now in a year or two from now,
but it's still going to be pretty good in our views.
(26:45):
The problem in that beef market is obviously tariffs, and
New Zealand face is fifteen percent, Australia ten, but Brazil
fases fifty and so in an environment like this, New
Zealand has still been relatively competitive and exported a little
more than last year to the US so far this
year despite the tariff, Australia shipped actually thirty percent more
(27:07):
this by ten percent tariff, so that terrrifs are not
holding us back as long as they are at are
at really low levels and as at the demand in
the market is still good, which is really really positive
for our local prices.
Speaker 3 (27:19):
Let's finish on shape, mate, eleven dollars a kilo at
the moment, albeit that's an off season peak. If you want,
how long can we define gravity? Because varying commentators are
saying varying things. I'm going to be talking to Professor
Keith would put on the show tomorrow and he's suggesting
we could see a major correction before Christmas. What do
you think for lamb I'm talking about.
Speaker 8 (27:40):
Yeah, So in the landmarket, I mean for now, the
export has been once again a driver here that kept
these prices at these very lofty levels. If we're looking
into the competitive market, and that's over here in Australia,
the strong one. We think that a lot of farmers
held back on the lands over the last couple of weeks.
Get them a little bit higher weights on but that
(28:01):
they are now getting actually into the period of selling
some more. So the risk is out there that you're
going to face more headwinds from Australian exports going into
that market. So we're fearing that there is a bit
of a correction. If it is a major one, is
probably too early to say. But these prices are pretty
lofty as that right now, and we don't expect them
(28:23):
to hold at these really good levels, but we also
don't expect them to fall completely apart.
Speaker 3 (28:28):
Stefan Vogel out of Sydney, Rabobanks, GM of RABO Research.
Thanks for your time. You can read all about this
the November Agribusiness Monthly Report on the Rabobank website. I
think it's going to be out tomorrow. Thanks for your time.
Speaker 8 (28:42):
Thank you very much for having me, Jamie.
Speaker 1 (28:44):
The best of the country with Rabobank.
Speaker 2 (28:46):
Choose the bank with one hundred and twenty years global
agribusiness experience, Grow with Rabobank.
Speaker 3 (28:52):
Winston Peters is the Minister of Foreign Affairs. He's been busy,
just back from Scandinavia. Winston. Now that I'm a pensioner
of I'm of of an age where I'm consider voting
for New Zealand first, but how could I vote for
a party that is so wrong when it comes to
issues such as the Alliance and Fonterra votes.
Speaker 4 (29:10):
Well, this is actually staggering. You remember the silver Ferns
farm sale, Remember Civil Firms and the meat sale to China?
Speaker 3 (29:18):
Well you hang on, it's it's a joint venture Onston,
not a sale. It's a joint venture.
Speaker 4 (29:23):
Excuse me, excuse me. You're trying to make excuse me
before you can get the first answer back for me.
You see what I mean. You haven't got a leg
to stand on Silverfern's farms. They ratted it up to
death falsely, they ratted it down, the earnings falsely, gave
the farmers one quarter information together the Chinese and the
rest is history. And the directors took an eight million
dollar bonus. You remember that. Now you're not even asking
(29:44):
the right questions. This is Farming show should be asking
Harrel and his directors how much are you guys going
to get at the end of this event?
Speaker 3 (29:52):
Well, Miles Horrell said on this very show, mister Peters,
that there were no incentive bonuses for the Fonterra directors
over the style of the consumer brains. We've got that
on tape.
Speaker 4 (30:03):
No, no, this is one on one stuff. I'm talking
about the built in outcome when the thing is completed.
He didn't answer that question. And look it's not we
have this two experiences of democracy, given that we started
the Anchor brand in eighteen eighty six and worked on
it all this time. For this thing to be sold
off to an international outfit, it could be gone tomorrow.
I'll just come back from norder countries. You know why
(30:24):
they've gone rocking past us because they maximize added value
for their own workers, for their own people, for their
own economent, for their own wealth.
Speaker 3 (30:31):
Hey, what happened to what happens to individual property rights?
You don't own Fonterra about eight or nine thousand farmer
shareholder's own Fonterra. It's their decision, not yours.
Speaker 4 (30:42):
Oh yes, So why did they come to parliament twenty
twenty one and all the times before that? Getting parliaments
is brought to get to where they wanted to go
to If they could have done all by themselves, why
were they always relying upon parliament? And I know this
from a long way back. I mean I come up
a dairy farm and we've come to the Parliament to
forget the protection we need to give ourselves in the
bud and then all of a sudden, this monopoly they've
(31:03):
got has now been given to another outfit, and a
French one of that, and MIAs warning to them, miss,
do you think we're going to give on parliament protection
to make a profit to sell to other country? No,
we're nationalists. We put our country first, not last.
Speaker 3 (31:17):
Well, you're certainly a nationalistic sort of person, I'll give
you that. What about the Alliance Group? Literally they had
no choice. Dawn Meats was the best offer on the table.
What would you have them do? No New Zealand company
wanted a bar of it or couldn't afford to. Would
you have sunk government money into a unprofitable red meat
meat industry.
Speaker 7 (31:39):
No?
Speaker 4 (31:40):
What do I do is make sure that the meat
meat industry is positible. That's what our problem business country.
We should be out there maximizing added value and if
people can't do the job, get out of the job
and give it to somebody else. What we've got here
is people who are on the back of the taxpayer,
on the back of the monopoly in the back of
the country's century old history of being a cultural power.
(32:01):
US can't do the job. But they stay there, massive
pay and massive incomes and normous and they say, the
bank's calling up. Has anybody gone to the bank? Did
the government that I belong to do? They go to
the bank and say, hang on a minute, we're not
having this. We want to see what an outcome is. No,
nothing is happening there. So there goes two in a row,
added value major industry. One to the to the Irish
(32:22):
who are not buying it because it's a failure. One
to the French because they're not who are not buying
because it's a failure. No, it's because of short term profit.
And within three years the guarantee of the supply will
be removed. And then when where will the farmers be
and their sons and daughters and their grenteln who should
be going into the farming industry.
Speaker 3 (32:40):
Well, if you and I, and if you and I
are both about in three years, we'll revisit this one.
Let's talk about things.
Speaker 4 (32:46):
We're not very happy to visited that I'm happy.
Speaker 3 (32:48):
To Will you still be around it? Will you still
be around politically in three years I'll be.
Speaker 4 (32:52):
Probably trying to save you and this country the same
time years.
Speaker 3 (32:56):
Worst unemployment. You could do something on the unemployment numbers instead,
instead of worrying about the red meat industry. Worst unemployment
numbers in a decade.
Speaker 4 (33:05):
All forecast in the Treasury report to aground Robinson before
the last election. All this was forecast two years ago
by Treasure to be executed. What it was our troublers.
We haven't turned around fast enough, but turn around we will.
Speaker 3 (33:19):
You realize there's only one pathway to get a labor
led coalition government, don't you, And that pathway involves you.
Speaker 4 (33:28):
What's the point of that statement.
Speaker 3 (33:30):
Well, you said you won't work with Chris Sipkins, but
you haven't said you won't work with labor.
Speaker 4 (33:34):
First, I'm not I'm not having you or anybody else
tell me what my party strategy is.
Speaker 3 (33:39):
Well, you've told us what your strategy is.
Speaker 4 (33:41):
I'll hear you. I'll give you one one sentence. Is
going to keep on climbing up on the polls, and
we'll be the determining factor for the outcome of a
better economy and a better social cohesive country as we
go forward into the next three years.
Speaker 3 (33:53):
Do you reckon that the Act Party in New Zealand
First will cannibalize the National Party vote in next year's election,
because I agre with you for what it's worth. I
think New Zealand First is a double digit party.
Speaker 4 (34:05):
Well, were already there. Now that's the point. Look at
the latest polls. Don't ask the National Party of what
the internal polls are saying. But we're not sitting on
our rolls here. We're out there flat out around the
regions getting out the best list of candidates we can
have it, put together, experience and set the go at
the next election.
Speaker 3 (34:21):
Are you undermining your Prime Minister?
Speaker 4 (34:24):
What do you mean by that?
Speaker 3 (34:25):
Well, you corrected them on social media, he said, I
you said we Well.
Speaker 4 (34:30):
Here, you know, having gone up there for the last
meeting with those people, and I said to them, look, guys,
i've been in this game fifty years, and fifty years
we're waiting for a deal. Do you not think we've
been patient enough? You know? They say to me, And
they went and we think you're right, So we're going
to sign a deal. So yes, it is we. We
use we and us and our features. Do you notice
that not I and me? It's we in us.
Speaker 3 (34:49):
All right, let's just finish on a couple. Are you
peeved off you weren't in the Pike River movie.
Speaker 4 (34:55):
I'm very pleased. I'm not in the Pike movement because
of a sham. And I can tell you that this
is a murder scene and what's happened here is mostly irresponsible.
Now I'm not picked off, and I'm not building the
watch the darn thing because the only reason why there
was a full scale inquiry is because of New Zealand
first demanded every other party was having.
Speaker 3 (35:14):
To go ahead what I just have you've seen the
movie just then us climbing all the glory.
Speaker 4 (35:20):
Well, if you're claiming all the glory for shutting down
the pop inquiry and then Honker in the place up
when we don't know what the answer was, what's going
on in there, then that is an abiding disgrace. No,
I'm with Lester Monk and what's his name down there,
Bernie most Yeah, Bernie Bernie. I'm with Bernie Monk. Now,
Bernie Monk, you know, has gone. And I said that
(35:41):
the only person who's done it right here is a
guy called Winston Peters. Now I'm not boasting, but I
have worked underground, eleven miles underground. Now she threw underground
and the snowy monons, and I knew something about this,
and I could see from the word go that this
was a murder scene where people lost their lives and
should never have and a whole lot of political plays
were responsible for that in letting the rules be loose
(36:01):
in terms of surveillance and proper industrial relations procedures. It
self crime and they've got away with it.
Speaker 3 (36:08):
A final question for you on your former colleague Jasinda Ardum.
Were you interviewed for the unauthorized biography? No, Well that's
a short and sharp answer, Winston Peters, thanks for your time.
It's often an argument I can never one by the way,
you're wrong about Alliance and Fonterra, but will agree to disagree.
Speaker 4 (36:28):
Well, we'll we'll see who's going to be right or
wrong in the next three years and year four. Stand back
and watch who told you so? And I hope you'll
make sure that every day you got to get up
and apologize for letting the future farmers of this country
who can buy only against New Zealand competition to buy
the farm in the first place, and now they're flogging
(36:49):
off the profits to two other economies. They're not coming
here because they're Santa Claus. They're coming here because they
are being allowed to rip us off, all under the
oversight of a marvelous program All the Country show that
is not doing his job.
Speaker 3 (37:02):
Pop, that's me told off. I'll tell you what. I'm
not going to bet against your being around in three
years time. You've lost none of your bark or your bite.
Thanks for your time, Thank you to have a good day.
Speaker 2 (37:14):
The best of the Country with Rabobank. Choose the bank
with a huge network of progressive farming clients.
Speaker 1 (37:20):
Rabobank you well.
Speaker 3 (37:28):
Winston Peters wrapping the best of the country. Good morning.
My name's Jamie McKay. Each and every Saturday morning here
on Newstalk ZIB, the show's brought to you by Rabobank.
Were growing a better New Zealand together. He does wear
it well, that big grin and the navy blue, double breasted,
pinstriped suit. Winston Peter's cantankerous old bugger, but a lot
of fun to interview.
Speaker 6 (37:49):
Right.
Speaker 3 (37:49):
The silver ferns are in Glasgow, the all Blacks are
in Edinburgh. Where are the black caps there? In Nelson?
It's all on this weekend. And I think we've got
a bit of a Uncle Darby in the football as well,
so it's all happening. Hey, make sure you join us
next week at the christ Church Cup and Show week.
I'll be there along with the team from emer since
(38:10):
we are launching the twenty twenty five Makaisa a wonderful Pilsner.
Come and see us at the show next week. Till then,
take care. I'm out of here.
Speaker 1 (38:24):
Since you've been gone, it's hard to care.
Speaker 2 (38:29):
I'm worn out about the.
Speaker 1 (38:31):
Bird take out that I bought in town.
Speaker 6 (38:34):
We can sit down inquiry the Steins, can you It
didn't cast me up before?
Speaker 7 (38:40):
What is?
Speaker 6 (38:42):
You've made me feel a miller there and you web
in bell.
Speaker 2 (38:48):
Madamo, nassas gotten not nor more than.
Speaker 4 (38:53):
Where my coffy is called.
Speaker 5 (38:56):
And I'm kidding at told I got again have to work.
Speaker 1 (39:01):
So when the sun goes.
Speaker 4 (39:03):
Hot and your home all home.
Speaker 1 (39:06):
Think of me and try not to la. Then I'm
dy well. I don't object if we.
Speaker 3 (39:13):
Call you, because I ain't thinking that you know well,
but it's mine. But I believe that I even tried.
Speaker 1 (39:25):
Now I'm eating my heart out trying to get back
to you.
Speaker 3 (39:46):
I love that, I.
Speaker 1 (39:47):
Love that, I love you love oh yeah after Robbers,
(40:10):
who gets the same Joan
The best of the country with Robbobank.
Speaker 2 (00:02):
Choose the bank with one hundred and twenty years global
acribusiness experience.
Speaker 1 (00:06):
Grow with Rubbobank. See Glamor. Please pardon the grammar, but
you're every schoolboys dream. You're Celtic United. Bad, I've decided
you're the best.
Speaker 3 (00:23):
Team of today. And good Morning New Zealand. I'm Jamie McKay.
This is the best of the Country, brought to you
by Rabobank each and every Saturday morning here on News
Talk said be you're an essay in Glamour. Please pardon
my grammar, but you're every schoolboys dream. You're Celtic United.
But baby, I've decided you're the best team I've ever seen.
(00:46):
Rod Stewart for I Rock and Rod Stewart kicking off
the show today the All Blacks of course in Edinburgh,
the Silver Ferns in Glasgow. It's all on in Scotland.
But before we worry about that, we've got to get
through the best of the country. Going to kick it
off with Nichola. Willis caught up with her in a
North Canterbury col paddock on Tuesday. We stayed in North
Canterbury on Tuesday rail damage there with the wind. We
(01:08):
talked to local farmer Emlyn Francis. Go down the road
to talk to Jane Smith in North Otago. She pulled
no punches when it came to Nicholas taking the piss technology.
Excuse my language, but all will become a parent in
just a minute. We're also going to chat to Stephan
Vogel from Rabobank out of the Sydney office and no
(01:30):
show without punch Winston Peters to wrap the best of
the country, the best.
Speaker 1 (01:42):
Of the country with Rabobank.
Speaker 2 (01:44):
Choose the bank with a huge network of progressive farming clients, Rabobank.
Speaker 3 (01:48):
She is a very excited Minister of Finance or finance
minister standing in the middle of a cal paddock in
North Canterbury. How does that work? Let's ask Nicola Willis, Nicola,
shouldn't you be in the bee?
Speaker 4 (02:01):
Well?
Speaker 5 (02:01):
Look, great day when I'm on farm talking real solutions
to real challenges. And today I'm celebrating new science which
is going to help reduce our farmer's emissions water, increase
their productivity and reduce their greenhouse gas emissions along the way.
So exciting, practical, positive stuff.
Speaker 3 (02:22):
Now there's a bit of a veil of secrecy around
this because a Kiwi ad tech company, a startup company
called Moor has secured one point two million from agri
is their own New Zealand to accelerate the development of
its cow wearable technology. And this is to try and
reduce the intensity of urine patches and use this natural
(02:44):
fertilizer God, God's own fertilizer and spread it evenly around
the paddock. How does the cow work that one?
Speaker 5 (02:52):
Yeah, look, this is a This totally makes sense. So
Egrey zero is a partnership with government money, an money
from a bunch of corporates including Frontira and commercial banks
looking for solutions to reduce emissions on farm and Armer
have made the simple observation that a big source of
emissions is those nitrate patches that come when the cow
(03:14):
does their business. But that in that is actually this
incredible resource which if we could spread it around the
padd it would be an awesome source of fertilizer. So
that's come up with a device the cow were's the device.
The device senses when the cow's about to take away
and then it spreads that we all over the paddic
instead of just going in one concentrated patch, which of
(03:37):
course means less emission to waterways, less nitrous oxide, and
a much cheaper source of fertilizer.
Speaker 3 (03:44):
Now, Nichola, there's a bit of veil of secrecy around
us because they're still going through the IP process. But
can I ask you this question because I think you've
seen it in action and you're limited as to what
you can say. Does the cow where the device at
the front or the back end?
Speaker 6 (04:00):
It's a rare end operation.
Speaker 5 (04:03):
And look, yeah, they are being a bit cagey because
they want to make sure all their intellectual property is
protected before they go public with the picture of the design.
Because actually this is a solution that could be worth
a lot of money. This is science and tech that
I think people will be prepared to pay for if
they can get it working well, because it's not just
(04:24):
about the environment, this is about productivity instead of paying
for fertilized I why not work with what nature's.
Speaker 3 (04:30):
Going Absolutely, And if that just sounded like a dumb
question for me, I was wondering whether it was maybe
a wearable collar. And as the cow was about to pee,
it gave it a weed tickle up or something like that,
and it sort of walked or ran a weebit while
it was peeing, thus spreading the high concentrate nitrogen. So
is this like a weed mini fertilizer spreader at the
(04:51):
back end of the cow.
Speaker 5 (04:53):
Well, I think that's a fair way of characterizing it now.
Of course, it's in its early stages. So what we've
seen with these on farm technologies as the scientist comes
up with a cool idea and then they adapt it
and adapt it to make it really practical for the farmer.
So with this investment that Egry Zero's making, they'll be
able to do those trials and chune it up so
(05:13):
that it's in a way that works for the farmer,
works for the cow, gets the best results. I imagine
it'll evolve a little along the way too.
Speaker 3 (05:21):
Well, gravity would suggest there could be other problems with
the we fertilize the spreader at the back end of
the cow. Yeah.
Speaker 5 (05:28):
I think the farmer's listening. We'll be thinking through the
practical implications of this, and there's a few questions that
I think it's where's asking And I can sure everyone
the scientist is asking himself.
Speaker 3 (05:38):
Okay, while I've got you, I see you're going to
fast track. What another supermarket chain into the country, is that.
Speaker 5 (05:44):
Right well, where it's passing law and I've introduced the
legislation yesterday which will make it far faster for a
newsage market competitor to get the resource content and permission
to build right now. Even if they wanted to build
a competitor to your local New World of war Worth,
they could end up in hearings and court processes literally
(06:04):
for years. That's not good enough. Key shoppers need these
deals to come to market sooner. So we're putting in
place this fast track mechanism so they can bypass all
of that, get their permission quickly and get building that
competitive suits market to give you a better deal.
Speaker 3 (06:20):
Well, the King of fast tracking is none other than
the Prince of the Provinces, the Minister for Regional Development.
I think that's his title. Mar Tour Shane Jones. Now,
it's all very well for Shane to spout off about
fast tracking things. I was reading this morning, Nikola that
less than ten percent of Shane's Provincial Growth Fund loans
have been repaid. This was just a giant lollly scramble.
Speaker 5 (06:43):
Well, unfortunately Shane had to work with labor under the
last government, and they weren't quite as good at managing
people's money and putting checks and balances on things. The
good news is Shane's now working with the National Party
and that's what we specialize in. So the regional infrastructure
Funds which he now has, has a lot of chicks
and balances on it to make sure that we don't
(07:05):
have that sort of thing hurdening in future.
Speaker 3 (07:07):
So you can train a cow to spread fertilizeries evenly,
can you train Shane to spread his more evenly across
the country.
Speaker 5 (07:17):
It's a two way thing. I learned from Shane and
I think he learned from me too.
Speaker 3 (07:21):
And one final comment on Shane's boss Winston, did you
and him have a scrap over the Fonterra thing?
Speaker 4 (07:28):
Notion?
Speaker 5 (07:30):
No, we haven't even discussed it actually, and that's not
something we've discussed. It hasn't, of course, involved any government decision,
so it's not something that's come.
Speaker 3 (07:37):
To Yeah, well what is Winston? Why is Winston commenting
on it?
Speaker 5 (07:42):
Well, you'd have to ask him. I was able to
explain what goes on in Winston Peter's mind. I'd probably
be a wealthy, wealthy woman.
Speaker 3 (07:50):
Well, you didn't have to haul miles and again for
another scolding, did you no.
Speaker 5 (07:54):
Look, I've always been very respectful of the role of
the shareholders and the co op's that for them to
assess what do they think is the best strategy for
their business they own it, what is the best future
for their milk that creates the most value for their farm,
their family, their community, and I know that they will
have taken Miles in his team through the ringer checking
(08:16):
out whether their commercial strategy makes sense. Obviously they did
that and they decided to vote in very big numbers
for the proposal that the Fonterra exec put forward.
Speaker 3 (08:27):
Nikola Wallis, Finance Minister, standing very happily in a North
Canterbury dairy paddock. Thanks for some of your time today.
Speaker 1 (08:34):
Great to be on the show The Best of the
Country with Rubbo Bank, the bank with local acribanking experts,
passionate about the future of rural communities, Rubber Bank.
Speaker 3 (08:44):
So for the past week or ten days we've been
concentrating on some of the damage because it's been in
a state of civil emergency in Southland and Southwest Otago.
But of course the other region that was rarely hammered
was Canterbury, particularly North Canterbury, the culvid area. Let's go
to the coal face and talk to one of the farmers,
yet another friend of Jeremy Rook's. I didn't realize he
(09:07):
had that many. Emmlin Francis dairy farmer, couple of farms
up there. How bad was it, Emlin.
Speaker 7 (09:14):
I've never seen one like it? Jomie, it was next
I couldn't believe it. Where I was driving around with
our daughter and there was trees just exploding. Hindsight, it
says we crept. Shouldn't been driving around with my daughter,
but yeah, it was unbelievable, like one hundred year old
trees just exploding halfway up. It was next level.
Speaker 3 (09:29):
Yeah, I've seen a picture I think from the Culverton
area where there's a shout about them. The whole thing
has just laid flat. How far is that from your place?
Speaker 7 (09:37):
Just up the road, I think, yeah, just along the road.
We were actually driving up, but we decided to guess that.
When the third or fourth three started falling down across
the road, we thought perhaps it was foolish and we
went to ourther farm another direction.
Speaker 3 (09:49):
The trees are one thing you can grow some new ones,
albeit that takes a lot of time, but again you've
got to chop them up. But from a financial point
of view, the damage done to the pivot irrigators, how
did you fare and how is the region fared?
Speaker 7 (10:04):
I mean absolutely, We've got one of our farms got
an absolute hiding. It has sex set of pivots on it,
one of which is just a small three hectare spinner
and that's the only one that stowed up. So we
have a contract well on that farm, six hundred and
fifty cows and all the pivots are down. And I
really don't envisage water toil when I'll be really really
thrilled if we have water the side of Christmas really and.
Speaker 3 (10:23):
You're getting very dry at the moment. This could not
happen at a worse time.
Speaker 7 (10:27):
Timing was pretty ship yeah, like cows are peaking, we're
just starting making potentially harvesting supplement, all that sort of thing.
You know, it's pretty catastrophic, pretty catastrophic. There was a
video one of our staff took from inside our smugger
room at the cow shed, and I think it made
the stuff for made the news. It was you know,
(10:48):
there was a checkery paddock just absolutely flogging. It was.
We had a French girl working for us who was terrified.
It's absolutely terrified.
Speaker 3 (10:55):
I'm hearing reports that some of the farmers haven't got
insurance on their pivot irrigators because the insurance companies won't
ensure them, and even if they do, it's too expensive.
What about you?
Speaker 7 (11:07):
We're okay now, but I suspect that that will be
a conversation that will happen down the track. And we're
all so the small fund that took hiding man considering
summer or you know, some pole springers. We haven't a
heart of a strategy session this week with some consultants
and we'll just just do the mass. I mean, if
you capitalize the capitalize the insurance p mems and the
(11:30):
insurance excesses of a time, you can probably justify buying
some more money to put poles in and that don't
blow down.
Speaker 3 (11:38):
How do you get up from the ground and dust
yourself off after an event like this? Like you say,
you've been farming in that area for thirty years, you've
never seen wind like it. I mean, there's nothing to
say that you might see wind like it again next season?
Speaker 4 (11:52):
Yeah?
Speaker 1 (11:52):
True?
Speaker 4 (11:52):
I mean not.
Speaker 7 (11:53):
What you just do is you play what you worry
about what you can control. So you know, we've got
all the trees out of the way, so guys they've
got access, got any power that was broken fixed up.
We've got you know, offences fixed and get insurance underway
and the pivot repair of guys underway and the rest
of it. You know, I mean, I don't worry about
many things, and you just you know, you worry about
(12:14):
where you and trant and just and that gives your
power if you're if you're achieving something that you can
can achieve, then you're making progress in that direction.
Speaker 3 (12:22):
Emlyn Francis, thank you very much for some of your
time to appreciating their thoughts. Go out to you guys
in the North Canterbury region, like Southland and Southwest Otago.
You've been had hard, but at least you've got the
Canterbury Show or the christ Show to look forward to.
Speaker 7 (12:37):
Ah. Yeah, but I mean you go along there and
kick tires. That's you know, that's We've actually got a
couple of pigs at home, which you've entered in the bar.
In the bar section, it's more for the more for
the unclos that go along and don and try and
find a wife, perhaps.
Speaker 3 (12:52):
Find a wife and the ball pen. Now, of course
you know turn up on the Thursday because we're launching
the twenty twenty five Makaiser and the Emerson Tiny Pub.
I'll look forward to meeting you.
Speaker 7 (13:01):
There perfect no sure much story, Jane.
Speaker 1 (13:04):
The best of the country with Rubbobak.
Speaker 2 (13:07):
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Speaker 3 (13:12):
She's a North Otago farmer. Her name is Jane Smith,
has a regular slot here on the country. You never
die wondering what she's thinking. I want to start with
yesterday's chat with Nikola Willis, the Finance minister who was
standing quite happily in a cow paddock in North Canterbury.
With this new technology, the urine spreader plugged into the
back end of a cow. The mind boggles Jane Smith,
(13:35):
How's this going to work?
Speaker 6 (13:37):
Jamie? I always get concerned when I see a photo
shoot with a politician and a paddock flanked by overpaid
bureaucrats and suits, ties and gum boots that are probably
never seen mud nor hard work. And so you know,
I guess I'm rather than that. How I'm more concerned
about the why. So I guess you know, again it's
another venture capital stunt by the egg and true that
(14:00):
there's actually using tax payer money. And I did hear
Nicholas say it was government money, yes, but it comes
from the taxpayer, right, And I think as a sector
we need to be very very careful that we're not
asking the tax payers paying for every PR stunt and
the accept and now I'm not minimizing the nitrate is shoe.
I mean, there's been some really good research going into that,
and there needs to be more research, but I absolutely
(14:20):
will minimize the emissions issue in terms of the not
to fox side. I mean, you look at it as
point three percent of greenhouse gases, and water vapor itself
is ninety six percent. So gosh, we're going round around
the Mulbi bush spending a lot of money and there's
a lot of people set to make a lot of
money out of methane mitigation. Jamie, you and I have
(14:41):
talked about this for so so long, and actually we
need to actually be looking at the real issues, not
these you know, it's all saying when things go wrong
at the circus you bring the clowns out to distract you.
And you know, greenhouse gases are a very small as
you particularly naturally biogenic greenhouse gases. Need to look at
the real issues. I A, you know, infrastructure, second world
(15:04):
healthcare that we have New Zealand is fun fundraising for
their own cancer hospitals, the fact we can't afford our
own few fuel, food and energy Jamie. And you know,
I see she also announced another supermarket chain, well, making
it a bit easier for another supermarket chain, but that
doesn't fix the fundamental issues that continue to I guess
we continue to pander around the parasy called Jamie. So
(15:25):
that is why it's been fascinating to see a bit
of a change in that globally, Jamie. Even old woke
hold Bill Gates is starting to revoke his position.
Speaker 3 (15:33):
So do you think Trump has changed the narratives there?
Speaker 8 (15:36):
Well, I'm not.
Speaker 6 (15:37):
Sure if it's chump, but I think I guess that
just that whole environment around being able to see the
woods sort of trees and actually and makes them, you know,
bring some sense into this. And you know Bill Gates,
who is again one of the biggest climate change alartists
and has put a lot of money into I guess
making as all more alarmed said last week, the biggest
(15:57):
problems are actually poverty, disease and FOD security, and which
is what we thought all along, you know, So this
is this is the thing bringing it back to the
biggest issues and actually adapting to climate change because again
the climate that was always changed or would still be
in the in the by sage and so things like
see those the corporates that were falling over themselves to
(16:19):
sign up to those what it's it called science based
target initiatives, which is again a trojan horse for just
like use righteousness. There's been eight hundred ninety three companies
pull out of that in the last few months, and
that's what we've seen worldwide. Same thing with the taxonomy
nonsense that the New Zealand government had been caught up in,
same thing with alternative proteins, soleb grown meat, et cetera.
(16:40):
So that's absolutely going out of favor. As a consumer thinks, actually,
I actually want naturally produced food.
Speaker 3 (16:46):
Okay, Jane, just going back to the urine spreader, because
I'm fascinated by this. If they can get this to work,
and it does work, that's a good thing. Because it
is a major issue greenhouse scarce submissions aside cows peeing
concentrated lots of urine in one place, going into the subsoil.
Speaker 6 (17:05):
Absolutely, Jaman, I'm not minimizing that. I am on again
a guess alarms that there's people wanting to make a
lot of money out of this rather than actually pulling
back at at the real issue. And again, I mean
going back fifteen probably twenty years now, there was a
product called eco n and that actually slowed the rate
of the soul bacteria converting ammonia into nitrate and not
(17:25):
as oxide. And that was that had some real merit,
but again the environmentalists didn't like that either. So I
think we need to be very careful that what we're
doing is practical, it's scalable, it's cheap, because we again
had this weird fascination of intensive, expensive interference with our
advantage which is actually a resource advantage for New Zealand
(17:45):
as our extensive low input pasture raised system. So we've
got to be very careful we don't turn ourselves into
an EU type of scenario. And I also think that
all of these things also can be a bit of
an excuse for intensifying agriculture, and that is not the
way that we should be going in terms of ge
(18:06):
And I guess all of is again technology that's disguised
as something that we need, when actually we need to
make sure that we are promoting everything that we do
naturally first and foremost, we've done a pretty poor job
of that.
Speaker 3 (18:18):
Jay on a couple to finish on, I see we're
banning one of Wellington's only sheep farms.
Speaker 6 (18:23):
Yeah, I see that. So the Belmont Farm Park, so
one thousand heat DearS and it's pretty easy access for
urban people in Wellington. And now there's a ciders that
due to the stock emissions of the sheep emissions. And
again this just shows you another example of blatant misunderstanding
of biogenic egg emissions that they're going to retire eighty
(18:43):
percent of that park despite the increased fire risks, the weeds,
the peats, and the sad fact that people won't have
access to an actual, working, living, breathing farm. So that
just seems ridiculous. Whereas down in Canterbury, I said, the
chross Church City Council are now allowing deep on the
Kennedy Kennedy Bush track on the porthills where the fire
(19:03):
obviously started a few years ago as a trial to
see get this one will the sheep eat the grass?
Speaker 7 (19:09):
Two?
Speaker 6 (19:09):
Will they keep it short and green? And three will
that decrease the fire risk? I mean hopefully they can.
Probably they can share their research findings with doc because
they've got a million hectares of that type of ground
that they need to actually control those things on. So obviously,
you know, again that's actually win some sense and sensibility.
I wouldn't call it a trial, but that's actually kicked
in compared to the Wellington City Council. So I see
(19:32):
all regional council. I see there's a petition going for
that Belmont Farm Park. So I wish them well because
it's absolute nonsense. Jamie.
Speaker 3 (19:38):
Just to finish on, are you getting dry on your
North Otago farm? We know that Hawks Bay is getting
a bit perilously dry this early in the season.
Speaker 6 (19:46):
Yeah, certainly looks very very dry there, and really feeling
for those farmers up there, and we're probably better than usual,
I guess if you had to say that. So we've
had again that's six weeks of Nor'Westers. We had that
snow last week and things have actually been either really
hot or really cold. But we're actually we're probably not
too bad in stock are looking really good and there's
some great cracking lambs coming off the hill Jamie. So
(20:09):
you know again, hopefully we can hang on a there
and this side of December. If we can get this
side of Christmas in a good season, we usually both
well for a decent summer, Jamie.
Speaker 3 (20:19):
Jane Smith, thanks for your time. I'll let you get
on with your beef and lamb. New Zealand Field Day
on your New Haven farm today.
Speaker 6 (20:25):
Thanks Jamie.
Speaker 2 (20:27):
The Best of the Country with Rabobank. Choose the bank
with a huge network of progressive farming clients. Rabobank, well good,
Thank God God sumber Se you.
Speaker 3 (20:42):
Good and good morning and New Zealand. I'm Jamie Mackay
going Scottish this morning on the Best of the Country
Rock and Rod Stewart Maggie May Early Rod the Best
Rod right up next on the Best of the Country.
On Wednesday's show, we went to Sydney to catch up
with Rabobanks Senior again previewed the banks November Agribusiness Monthly,
(21:03):
which came out yesterday or Thursday. Was it aptly titled
Spring Throws Parting weather Shots. Certainly that we talked about
interest rates. Everyone's interested in that, dairy beef and lamb prices.
We're going to wrap it with Winston Peters also on
Thursday show, The New Zealand First Leader at his combative
(21:24):
and argumentative best when it came to the alliance and
Fonterra farmer votes. We also debated unemployment rates, the Pike
River movie and whether he was interviewed for Jacinda's unauthorized biography.
You're going to enjoy Winston Peters wrapping the best of
the country. But before I forget, I want to get
(21:44):
a plug in for our show's sponsor, Rabobank. Rabobanks All
in One is the farmer's ultimate bank account. You can
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(22:05):
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rabobank and this is a wonderful initiative. Rabobanks also proud
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surf to help better manage stress and improve mental health.
(22:26):
It's also a fantastic social event, with attendees enjoying a
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Facebook page for more details on locations and start dates.
Up next, Stefan Vogel out of Rabobanks. Excuse me, I'm
losing my voice out of Rabobanks Sydney office and we're
going to wrap it with the man himself or depending
(22:48):
on your political alliances and allegiances, Winston Peters. I've got
to go before I lose my voice completely.
Speaker 2 (23:00):
Seniors, the best of the country with Rabobank, the bank
with local acribanking experts, passionate about the future of rural communities.
Speaker 3 (23:11):
Rabobank after Sydney. Now on the country. There we find
Stefan Vogel, Rabobank's GM of RABO Research for Australia in
New Zealand. Stephan, you guys are about to release your
November Agribusiness Monthly. I want to start if I can
on interst rates and exchange rates, particularly interest rates. Our
(23:31):
OCR is currently sitting at two point five There is
talk of another drop late this month to two point
twenty five. Yours in Australia is sitting at three point
six percent. Why is yours so much higher than ours?
Speaker 8 (23:44):
Yeah, that's a very good question. Look in the race
of putting interest rates higher, when every central bank did
that two years ago, we were actually one of the
late ones. We were starting increasing the interest rates much later,
and also on the way down we started much later. Basically,
we're at the point when we look at the latest
economic data that come in. Inflation is sticky, unemployment doesn't
(24:06):
justify that we actually keep on cutting.
Speaker 3 (24:10):
What about here in New Zealand, what chance of us
getting down to two point two five percent? Because there was,
of course talk of us getting to two percent, but
that seems to have dissipated obviously off the back of
higher than expected inflation.
Speaker 8 (24:24):
Exactly, And it's a bit the same in New Zealand.
So we're looking at New Zealand these days and we
still hold one more cut off twenty five in November.
That is a little questionable, but we will now hold
that forecast. But as you said, there is not a
lot of other cuts expected after that, so that we
might end actually that cutting at two point two five.
Speaker 3 (24:46):
So maybe this is as good as it gets. Let's
have a look at the commodity outlooks. I'll start with dairy. Okay, look,
we've had a global dairy trade auction overnight down again.
Dairy prices are softening and that a lot of that's
due to the supply on the global stage.
Speaker 8 (25:02):
Yeah, that's a little bit the tenure here in the region.
If you look across the board, we see actually really
strong supplies on the world market coming now in and
also if you look at New Zealand, I think volumes
were good, while here in Australia we were actually a
little sluggish. So overall, if you look at it, butter
(25:23):
prices that were really the driving force over the last
let's say two years, we're back down to levels that
we had about six months ago in terms of price,
so they have given quite a bit of downside globally.
And we've also seen that the skim milk and whole
milk powder prices are weakening. So with that global picture
of plenty of supplies and plenty of choices, prices are
(25:47):
getting a bit under pressure, and I think it's hard
to imagine that that will change somewhere quickly. We have
gone through a period of tightness in the global market,
but now it seems to be reversing.
Speaker 3 (26:00):
I can't say that about baits still plenty of demand
for that.
Speaker 8 (26:04):
Yes, I think the driver obviously is if you look
at prices locally in New Zealand, they're still very good.
We have seen overall the volumes going down from where
they were last year, and if you think about the
demand on the global picture has been really strong and
that is helped by the US. The US is one
(26:25):
of those big importers these days. The heard in our
view is at that point where they start to slightly rebuild,
but it's not going to be a quick one. So
in our view, the good news in that beef market
is there is continued demand, maybe not as strong as
it is now in a year or two from now,
but it's still going to be pretty good in our views.
(26:45):
The problem in that beef market is obviously tariffs, and
New Zealand face is fifteen percent, Australia ten, but Brazil
fases fifty and so in an environment like this, New
Zealand has still been relatively competitive and exported a little
more than last year to the US so far this
year despite the tariff, Australia shipped actually thirty percent more
(27:07):
this by ten percent tariff, so that terrrifs are not
holding us back as long as they are at are
at really low levels and as at the demand in
the market is still good, which is really really positive
for our local prices.
Speaker 3 (27:19):
Let's finish on shape, mate, eleven dollars a kilo at
the moment, albeit that's an off season peak. If you want,
how long can we define gravity? Because varying commentators are
saying varying things. I'm going to be talking to Professor
Keith would put on the show tomorrow and he's suggesting
we could see a major correction before Christmas. What do
you think for lamb I'm talking about.
Speaker 8 (27:40):
Yeah, So in the landmarket, I mean for now, the
export has been once again a driver here that kept
these prices at these very lofty levels. If we're looking
into the competitive market, and that's over here in Australia,
the strong one. We think that a lot of farmers
held back on the lands over the last couple of weeks.
Get them a little bit higher weights on but that
(28:01):
they are now getting actually into the period of selling
some more. So the risk is out there that you're
going to face more headwinds from Australian exports going into
that market. So we're fearing that there is a bit
of a correction. If it is a major one, is
probably too early to say. But these prices are pretty
lofty as that right now, and we don't expect them
(28:23):
to hold at these really good levels, but we also
don't expect them to fall completely apart.
Speaker 3 (28:28):
Stefan Vogel out of Sydney, Rabobanks, GM of RABO Research.
Thanks for your time. You can read all about this
the November Agribusiness Monthly Report on the Rabobank website. I
think it's going to be out tomorrow. Thanks for your time.
Speaker 8 (28:42):
Thank you very much for having me, Jamie.
Speaker 1 (28:44):
The best of the country with Rabobank.
Speaker 2 (28:46):
Choose the bank with one hundred and twenty years global
agribusiness experience, Grow with Rabobank.
Speaker 3 (28:52):
Winston Peters is the Minister of Foreign Affairs. He's been busy,
just back from Scandinavia. Winston. Now that I'm a pensioner
of I'm of of an age where I'm consider voting
for New Zealand first, but how could I vote for
a party that is so wrong when it comes to
issues such as the Alliance and Fonterra votes.
Speaker 4 (29:10):
Well, this is actually staggering. You remember the silver Ferns
farm sale, Remember Civil Firms and the meat sale to China?
Speaker 3 (29:18):
Well you hang on, it's it's a joint venture Onston,
not a sale. It's a joint venture.
Speaker 4 (29:23):
Excuse me, excuse me. You're trying to make excuse me
before you can get the first answer back for me.
You see what I mean. You haven't got a leg
to stand on Silverfern's farms. They ratted it up to
death falsely, they ratted it down, the earnings falsely, gave
the farmers one quarter information together the Chinese and the
rest is history. And the directors took an eight million
dollar bonus. You remember that. Now you're not even asking
(29:44):
the right questions. This is Farming show should be asking
Harrel and his directors how much are you guys going
to get at the end of this event?
Speaker 3 (29:52):
Well, Miles Horrell said on this very show, mister Peters,
that there were no incentive bonuses for the Fonterra directors
over the style of the consumer brains. We've got that
on tape.
Speaker 4 (30:03):
No, no, this is one on one stuff. I'm talking
about the built in outcome when the thing is completed.
He didn't answer that question. And look it's not we
have this two experiences of democracy, given that we started
the Anchor brand in eighteen eighty six and worked on
it all this time. For this thing to be sold
off to an international outfit, it could be gone tomorrow.
I'll just come back from norder countries. You know why
(30:24):
they've gone rocking past us because they maximize added value
for their own workers, for their own people, for their
own economent, for their own wealth.
Speaker 3 (30:31):
Hey, what happened to what happens to individual property rights?
You don't own Fonterra about eight or nine thousand farmer
shareholder's own Fonterra. It's their decision, not yours.
Speaker 4 (30:42):
Oh yes, So why did they come to parliament twenty
twenty one and all the times before that? Getting parliaments
is brought to get to where they wanted to go
to If they could have done all by themselves, why
were they always relying upon parliament? And I know this
from a long way back. I mean I come up
a dairy farm and we've come to the Parliament to
forget the protection we need to give ourselves in the
bud and then all of a sudden, this monopoly they've
(31:03):
got has now been given to another outfit, and a
French one of that, and MIAs warning to them, miss,
do you think we're going to give on parliament protection
to make a profit to sell to other country? No,
we're nationalists. We put our country first, not last.
Speaker 3 (31:17):
Well, you're certainly a nationalistic sort of person, I'll give
you that. What about the Alliance Group? Literally they had
no choice. Dawn Meats was the best offer on the table.
What would you have them do? No New Zealand company
wanted a bar of it or couldn't afford to. Would
you have sunk government money into a unprofitable red meat
meat industry.
Speaker 7 (31:39):
No?
Speaker 4 (31:40):
What do I do is make sure that the meat
meat industry is positible. That's what our problem business country.
We should be out there maximizing added value and if
people can't do the job, get out of the job
and give it to somebody else. What we've got here
is people who are on the back of the taxpayer,
on the back of the monopoly in the back of
the country's century old history of being a cultural power.
(32:01):
US can't do the job. But they stay there, massive
pay and massive incomes and normous and they say, the
bank's calling up. Has anybody gone to the bank? Did
the government that I belong to do? They go to
the bank and say, hang on a minute, we're not
having this. We want to see what an outcome is. No,
nothing is happening there. So there goes two in a row,
added value major industry. One to the to the Irish
(32:22):
who are not buying it because it's a failure. One
to the French because they're not who are not buying
because it's a failure. No, it's because of short term profit.
And within three years the guarantee of the supply will
be removed. And then when where will the farmers be
and their sons and daughters and their grenteln who should
be going into the farming industry.
Speaker 3 (32:40):
Well, if you and I, and if you and I
are both about in three years, we'll revisit this one.
Let's talk about things.
Speaker 4 (32:46):
We're not very happy to visited that I'm happy.
Speaker 3 (32:48):
To Will you still be around it? Will you still
be around politically in three years I'll be.
Speaker 4 (32:52):
Probably trying to save you and this country the same
time years.
Speaker 3 (32:56):
Worst unemployment. You could do something on the unemployment numbers instead,
instead of worrying about the red meat industry. Worst unemployment
numbers in a decade.
Speaker 4 (33:05):
All forecast in the Treasury report to aground Robinson before
the last election. All this was forecast two years ago
by Treasure to be executed. What it was our troublers.
We haven't turned around fast enough, but turn around we will.
Speaker 3 (33:19):
You realize there's only one pathway to get a labor
led coalition government, don't you, And that pathway involves you.
Speaker 4 (33:28):
What's the point of that statement.
Speaker 3 (33:30):
Well, you said you won't work with Chris Sipkins, but
you haven't said you won't work with labor.
Speaker 4 (33:34):
First, I'm not I'm not having you or anybody else
tell me what my party strategy is.
Speaker 3 (33:39):
Well, you've told us what your strategy is.
Speaker 4 (33:41):
I'll hear you. I'll give you one one sentence. Is
going to keep on climbing up on the polls, and
we'll be the determining factor for the outcome of a
better economy and a better social cohesive country as we
go forward into the next three years.
Speaker 3 (33:53):
Do you reckon that the Act Party in New Zealand
First will cannibalize the National Party vote in next year's election,
because I agre with you for what it's worth. I
think New Zealand First is a double digit party.
Speaker 4 (34:05):
Well, were already there. Now that's the point. Look at
the latest polls. Don't ask the National Party of what
the internal polls are saying. But we're not sitting on
our rolls here. We're out there flat out around the
regions getting out the best list of candidates we can
have it, put together, experience and set the go at
the next election.
Speaker 3 (34:21):
Are you undermining your Prime Minister?
Speaker 4 (34:24):
What do you mean by that?
Speaker 3 (34:25):
Well, you corrected them on social media, he said, I
you said we Well.
Speaker 4 (34:30):
Here, you know, having gone up there for the last
meeting with those people, and I said to them, look, guys,
i've been in this game fifty years, and fifty years
we're waiting for a deal. Do you not think we've
been patient enough? You know? They say to me, And
they went and we think you're right, So we're going
to sign a deal. So yes, it is we. We
use we and us and our features. Do you notice
that not I and me? It's we in us.
Speaker 3 (34:49):
All right, let's just finish on a couple. Are you
peeved off you weren't in the Pike River movie.
Speaker 4 (34:55):
I'm very pleased. I'm not in the Pike movement because
of a sham. And I can tell you that this
is a murder scene and what's happened here is mostly irresponsible.
Now I'm not picked off, and I'm not building the
watch the darn thing because the only reason why there
was a full scale inquiry is because of New Zealand
first demanded every other party was having.
Speaker 3 (35:14):
To go ahead what I just have you've seen the
movie just then us climbing all the glory.
Speaker 4 (35:20):
Well, if you're claiming all the glory for shutting down
the pop inquiry and then Honker in the place up
when we don't know what the answer was, what's going
on in there, then that is an abiding disgrace. No,
I'm with Lester Monk and what's his name down there,
Bernie most Yeah, Bernie Bernie. I'm with Bernie Monk. Now,
Bernie Monk, you know, has gone. And I said that
(35:41):
the only person who's done it right here is a
guy called Winston Peters. Now I'm not boasting, but I
have worked underground, eleven miles underground. Now she threw underground
and the snowy monons, and I knew something about this,
and I could see from the word go that this
was a murder scene where people lost their lives and
should never have and a whole lot of political plays
were responsible for that in letting the rules be loose
(36:01):
in terms of surveillance and proper industrial relations procedures. It
self crime and they've got away with it.
Speaker 3 (36:08):
A final question for you on your former colleague Jasinda Ardum.
Were you interviewed for the unauthorized biography? No, Well that's
a short and sharp answer, Winston Peters, thanks for your time.
It's often an argument I can never one by the way,
you're wrong about Alliance and Fonterra, but will agree to disagree.
Speaker 4 (36:28):
Well, we'll we'll see who's going to be right or
wrong in the next three years and year four. Stand back
and watch who told you so? And I hope you'll
make sure that every day you got to get up
and apologize for letting the future farmers of this country
who can buy only against New Zealand competition to buy
the farm in the first place, and now they're flogging
(36:49):
off the profits to two other economies. They're not coming
here because they're Santa Claus. They're coming here because they
are being allowed to rip us off, all under the
oversight of a marvelous program All the Country show that
is not doing his job.
Speaker 3 (37:02):
Pop, that's me told off. I'll tell you what. I'm
not going to bet against your being around in three
years time. You've lost none of your bark or your bite.
Thanks for your time, Thank you to have a good day.
Speaker 2 (37:14):
The best of the Country with Rabobank. Choose the bank
with a huge network of progressive farming clients.
Speaker 1 (37:20):
Rabobank you well.
Speaker 3 (37:28):
Winston Peters wrapping the best of the country. Good morning.
My name's Jamie McKay. Each and every Saturday morning here
on Newstalk ZIB, the show's brought to you by Rabobank.
Were growing a better New Zealand together. He does wear
it well, that big grin and the navy blue, double breasted,
pinstriped suit. Winston Peter's cantankerous old bugger, but a lot
of fun to interview.
Speaker 6 (37:49):
Right.
Speaker 3 (37:49):
The silver ferns are in Glasgow, the all Blacks are
in Edinburgh. Where are the black caps there? In Nelson?
It's all on this weekend. And I think we've got
a bit of a Uncle Darby in the football as well,
so it's all happening. Hey, make sure you join us
next week at the christ Church Cup and Show week.
I'll be there along with the team from emer since
(38:10):
we are launching the twenty twenty five Makaisa a wonderful Pilsner.
Come and see us at the show next week. Till then,
take care. I'm out of here.
Speaker 1 (38:24):
Since you've been gone, it's hard to care.
Speaker 2 (38:29):
I'm worn out about the.
Speaker 1 (38:31):
Bird take out that I bought in town.
Speaker 6 (38:34):
We can sit down inquiry the Steins, can you It
didn't cast me up before?
Speaker 7 (38:40):
What is?
Speaker 6 (38:42):
You've made me feel a miller there and you web
in bell.
Speaker 2 (38:48):
Madamo, nassas gotten not nor more than.
Speaker 4 (38:53):
Where my coffy is called.
Speaker 5 (38:56):
And I'm kidding at told I got again have to work.
Speaker 1 (39:01):
So when the sun goes.
Speaker 4 (39:03):
Hot and your home all home.
Speaker 1 (39:06):
Think of me and try not to la. Then I'm
dy well. I don't object if we.
Speaker 3 (39:13):
Call you, because I ain't thinking that you know well,
but it's mine. But I believe that I even tried.
Speaker 1 (39:25):
Now I'm eating my heart out trying to get back
to you.
Speaker 3 (39:46):
I love that, I.
Speaker 1 (39:47):
Love that, I love you love oh yeah after Robbers,
(40:10):
who gets the same Joan
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