October 5, 2025 • 8 mins
Jeff Grant says low engagement in local body elections needs to see changes to the voting system.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
Welcome back to the muster, Jeff Grant. These days northern
Southern business owner joins us in our political roundup for
a Monday afternoon Jeff, how.
Speaker 2 (00:11):
Are you good? Thanks? Andy? How are you pretty good?
Speaker 1 (00:15):
We just need a bit of big yellow in the
sky just to get that grass ticking over.
Speaker 2 (00:19):
I'd say yes without any doubt. We're starting to find
the spring being a bit tight and tough, and look
most of it's around just the continual grizzly rain and
then getting another twenty five mills and weekend just sort
of makes it hard to keep SOLF happy.
Speaker 1 (00:36):
This alliance proposal with Dawn meats the Waikaia Fives come
on board in the last couple of weeks with a counterproposal.
What's going to happen through all of us is interesting
because the more people I speak to, it's a case
of as a resignation of if we don't say yes,
well we don't really want to think about what happens
after that.
Speaker 2 (00:56):
Yeah, I think, lookfirsly, it's always going to be different
for somebody to put up a counter proposal. As I understand,
in terms for the group, they have not been able
to get the information memorandum, which others obviously had as
part of the process. The reality is that they seem
to be reasonably confident around credible options in terms of
(01:18):
future funding. I think the difficulty is that the price
and the deal looks really good eighteen months ago, but
since then, you know, things have turned around significantly. Appears
at Alliance have turned around an eighty million dollar position
(01:38):
for the year in a season that hasn't had a
peak flow where you know you've had the volume coming in.
So the ship from seventy million loss to a twenty
million profit is a really good turnaround. But look in
this deal, effectively you're giving away fiercely sixty five percent
of all future profits. Secondly, you're giving away one hundred
(02:00):
sixty five percent of one hundred and ninety one million
tax loss. That's what the shareholders have had to wear
over the last two years. That sixty five percent of
the benefit of that's now it would go on this deal.
I think that if you look at the multiple in
terms of sale price, to give you an example, Blue Sky,
I think last time was around six percent six times.
(02:22):
The multiple Silver Fir and Farms in the Chinese deal
was about six six times multiple This is only at four.
So what you're doing is selling a business that eighteen
months ago looked pretty shaky on the price of the
basis of eighteen months ago. But the reality is, I
think that your business has turned around significantly, has the
(02:45):
capacity with support of shareholders, to rescue the company Espirsually,
I don't think the shareholders of Line should be responsible
for the whole of the meat industry in terms of
any consolidation or we at the cost of that. I
think you know, you've got to remember as part of
that debt they've created over the last two years, that
(03:06):
debt has predominantly been driven by a couple of activities.
One is an IT system that costs a lot more
than was initially intended, around eighty million dollars. And then
a life drank sloss that came driven out of the
basis of selling Smithfield. That cost to the company was
another forty eight million. So on the basis that these
(03:28):
core debt costs weren't because of three, weren't because of
decline and kill or anything else. They were two separate incidents.
And on top of that, being slightly overweighted with LAMB
and being too slow to move on the China market,
which we have commented on before. Those three factors have
driven the company to be where it is. I don't
(03:52):
think on the basis of its historical ability to provide
killing capacity in the special in the South Island that
farmers should give it all away.
Speaker 1 (04:03):
Do you see any positives in this.
Speaker 2 (04:05):
Our ADORMENTA a good company internationally recognized in terms of
especially in the beef sector, so you know there's synergies
around the northern hemisphere in the Southern hemisphere. But I
think this sort of conception that's been developed in terms
of the process of the road shays except that this
is a joint venture, it is not a joint venture.
(04:28):
This is a file of sixty five percent of the
co op which will never get back. There's an argument
quite strongly that there will need to be more consolidation
in terms of the meat industry and rationalizational use of plants.
There's nothing in this proposal that deals with that. And
I also say this alliance Seyholder already lost equity of
(04:50):
around two hundred million. Why should they then produce the
loss of more equity, which they're going to effectively do
in order to get some rationalization in the med industry.
There will be no rationalization in the met industry because
of this deal.
Speaker 1 (05:06):
Just finally, local body elections, voter turnout has been a bysmore.
What do we do to get more engagement with this
because it seems like a futile exercise.
Speaker 2 (05:16):
Yeah. Well, Look, one of the problems you have in
terms of the local government election or democracy system is
that the rate payers actually pay for the bill, but
everybody else gets a vote, and so on that basis,
unless it's burning your pocket through your rent or some
other aspect, then you're not paying raise. You don't have
(05:38):
a direct link. And so for that reason, I think
the level of interest is on the basis while it
doesn't affect day to day and so people tend to
buy a bigger majority ignore the whole process. Look, I'd
be surprised if the voters and that this year generly
across New Zealand because of rape costs. But you've got
(06:01):
to remember that's not everybody. What it will feed through
into individuals rental position in ends of the rates. The
reality is there is not the connection between the rape,
the non rate payer and those who are standing for election.
Speaker 1 (06:17):
I think VODA fatigue just comes into the equation as well,
because let's face facts, if you're not into politics, you're
not into politics.
Speaker 2 (06:26):
Yeah, and I think unless something materially happens within the
community that upsets people, that's building a building or removing services,
people tend not to get excited around local government elections.
They tend to trunnel on every three years. I think
the only reason we're seeing more debate this time around
(06:48):
is because of their continual rate. Cross rate increases well
beyond inflation, and people certainly think, well, how fairly we
go before it becomes unaffordable. But that doesn't need necessarily
think the young guy doing a mechanics course paying is
one hundred and eighty dollars or two hundred dollars a
week as part of the rent in the flat.
Speaker 1 (07:10):
The cnical side of me says this needs to be
like the vaccinating times of twenty twenty and give somebody
your Berger voucher or something like that to go and
engage with democracy behalfs.
Speaker 2 (07:19):
I don't know, well, I don't know if there's many
other ways that can encourage you to vote. It seems
to be quite a lot. I think the sooner we
shift to an online voting system, the better that will
attract more younger people because it's just what they used
to do on their phone. I think that the days
of postal voting are gone, and you you know, without
(07:42):
you have to make a bit of an effort to
find somewhere to drop your envelope off. That ability to
physically vote should go, and I think we should shift
online Good Only.
Speaker 1 (07:52):
Jeff Grant always appreciate your time on the Master.
Speaker 2 (07:54):
Cheers, Thanks Andy, Jeff Grant.
Speaker 1 (08:00):
Ben Dooley is up next before the end of the hour,
Andrew Walsh from twin Farm Genetics and Senior Sergeant Gary
Eddington out of the Good Police
Welcome back to the muster, Jeff Grant. These days northern
Southern business owner joins us in our political roundup for
a Monday afternoon Jeff, how.
Speaker 2 (00:11):
Are you good? Thanks? Andy? How are you pretty good?
Speaker 1 (00:15):
We just need a bit of big yellow in the
sky just to get that grass ticking over.
Speaker 2 (00:19):
I'd say yes without any doubt. We're starting to find
the spring being a bit tight and tough, and look
most of it's around just the continual grizzly rain and
then getting another twenty five mills and weekend just sort
of makes it hard to keep SOLF happy.
Speaker 1 (00:36):
This alliance proposal with Dawn meats the Waikaia Fives come
on board in the last couple of weeks with a counterproposal.
What's going to happen through all of us is interesting
because the more people I speak to, it's a case
of as a resignation of if we don't say yes,
well we don't really want to think about what happens
after that.
Speaker 2 (00:56):
Yeah, I think, lookfirsly, it's always going to be different
for somebody to put up a counter proposal. As I understand,
in terms for the group, they have not been able
to get the information memorandum, which others obviously had as
part of the process. The reality is that they seem
to be reasonably confident around credible options in terms of
(01:18):
future funding. I think the difficulty is that the price
and the deal looks really good eighteen months ago, but
since then, you know, things have turned around significantly. Appears
at Alliance have turned around an eighty million dollar position
(01:38):
for the year in a season that hasn't had a
peak flow where you know you've had the volume coming in.
So the ship from seventy million loss to a twenty
million profit is a really good turnaround. But look in
this deal, effectively you're giving away fiercely sixty five percent
of all future profits. Secondly, you're giving away one hundred
(02:00):
sixty five percent of one hundred and ninety one million
tax loss. That's what the shareholders have had to wear
over the last two years. That sixty five percent of
the benefit of that's now it would go on this deal.
I think that if you look at the multiple in
terms of sale price, to give you an example, Blue Sky,
I think last time was around six percent six times.
(02:22):
The multiple Silver Fir and Farms in the Chinese deal
was about six six times multiple This is only at four.
So what you're doing is selling a business that eighteen
months ago looked pretty shaky on the price of the
basis of eighteen months ago. But the reality is, I
think that your business has turned around significantly, has the
(02:45):
capacity with support of shareholders, to rescue the company Espirsually,
I don't think the shareholders of Line should be responsible
for the whole of the meat industry in terms of
any consolidation or we at the cost of that. I
think you know, you've got to remember as part of
that debt they've created over the last two years, that
(03:06):
debt has predominantly been driven by a couple of activities.
One is an IT system that costs a lot more
than was initially intended, around eighty million dollars. And then
a life drank sloss that came driven out of the
basis of selling Smithfield. That cost to the company was
another forty eight million. So on the basis that these
(03:28):
core debt costs weren't because of three, weren't because of
decline and kill or anything else. They were two separate incidents.
And on top of that, being slightly overweighted with LAMB
and being too slow to move on the China market,
which we have commented on before. Those three factors have
driven the company to be where it is. I don't
(03:52):
think on the basis of its historical ability to provide
killing capacity in the special in the South Island that
farmers should give it all away.
Speaker 1 (04:03):
Do you see any positives in this.
Speaker 2 (04:05):
Our ADORMENTA a good company internationally recognized in terms of
especially in the beef sector, so you know there's synergies
around the northern hemisphere in the Southern hemisphere. But I
think this sort of conception that's been developed in terms
of the process of the road shays except that this
is a joint venture, it is not a joint venture.
(04:28):
This is a file of sixty five percent of the
co op which will never get back. There's an argument
quite strongly that there will need to be more consolidation
in terms of the meat industry and rationalizational use of plants.
There's nothing in this proposal that deals with that. And
I also say this alliance Seyholder already lost equity of
(04:50):
around two hundred million. Why should they then produce the
loss of more equity, which they're going to effectively do
in order to get some rationalization in the med industry.
There will be no rationalization in the met industry because
of this deal.
Speaker 1 (05:06):
Just finally, local body elections, voter turnout has been a bysmore.
What do we do to get more engagement with this
because it seems like a futile exercise.
Speaker 2 (05:16):
Yeah. Well, Look, one of the problems you have in
terms of the local government election or democracy system is
that the rate payers actually pay for the bill, but
everybody else gets a vote, and so on that basis,
unless it's burning your pocket through your rent or some
other aspect, then you're not paying raise. You don't have
(05:38):
a direct link. And so for that reason, I think
the level of interest is on the basis while it
doesn't affect day to day and so people tend to
buy a bigger majority ignore the whole process. Look, I'd
be surprised if the voters and that this year generly
across New Zealand because of rape costs. But you've got
(06:01):
to remember that's not everybody. What it will feed through
into individuals rental position in ends of the rates. The
reality is there is not the connection between the rape,
the non rate payer and those who are standing for election.
Speaker 1 (06:17):
I think VODA fatigue just comes into the equation as well,
because let's face facts, if you're not into politics, you're
not into politics.
Speaker 2 (06:26):
Yeah, and I think unless something materially happens within the
community that upsets people, that's building a building or removing services,
people tend not to get excited around local government elections.
They tend to trunnel on every three years. I think
the only reason we're seeing more debate this time around
(06:48):
is because of their continual rate. Cross rate increases well
beyond inflation, and people certainly think, well, how fairly we
go before it becomes unaffordable. But that doesn't need necessarily
think the young guy doing a mechanics course paying is
one hundred and eighty dollars or two hundred dollars a
week as part of the rent in the flat.
Speaker 1 (07:10):
The cnical side of me says this needs to be
like the vaccinating times of twenty twenty and give somebody
your Berger voucher or something like that to go and
engage with democracy behalfs.
Speaker 2 (07:19):
I don't know, well, I don't know if there's many
other ways that can encourage you to vote. It seems
to be quite a lot. I think the sooner we
shift to an online voting system, the better that will
attract more younger people because it's just what they used
to do on their phone. I think that the days
of postal voting are gone, and you you know, without
(07:42):
you have to make a bit of an effort to
find somewhere to drop your envelope off. That ability to
physically vote should go, and I think we should shift
online Good Only.
Speaker 1 (07:52):
Jeff Grant always appreciate your time on the Master.
Speaker 2 (07:54):
Cheers, Thanks Andy, Jeff Grant.
Speaker 1 (08:00):
Ben Dooley is up next before the end of the hour,
Andrew Walsh from twin Farm Genetics and Senior Sergeant Gary
Eddington out of the Good Police
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.