The Muster Full Show: 17/12/25

Andy Muir talks to Steve Henderson, Tom Shallard, Jason Hannigan, Kylie Fisken, Jared Stockman and Mark Calder.

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Episode Transcript

Speaker 1 (00:00):
Never made it as a wise man.

Speaker 2 (00:03):
I couldn't cut it as a poor man, steal man
to live in like a blind man.

Speaker 1 (00:09):
Good afternoon and welcome to the Muster on Hakanui. I'm
and Ym. You're here until two o'clock. Of course, thanks
to Peter's genetics. Things to your company on a hunt day.
Quite a lot to get through this hour. Of course
the Muster Christmas giveaway a salute to the Farmer's Day three.
But before we go any further, yesterday's winner of the
Ida Down Pillow is Sally mcclenahan. Congratulations Sally, somebody will

(00:34):
be in touch and the South prize as well. There
was a redraw done there, but nonetheless the winner was
Charlie Keenan. So congratulations Charlie, somebody will be in touch
and today's prize this is fantastic. The team at Otago
pet Foods have a five hundred dollars pet food voucher
to give away, so you need to text in pet

(00:55):
food your details to five double oh nine and will
draw the winner for that tomorrow. That is, of course
thanks to a team at Otago pet Foods. Nickelback this
is the song that catapulted them into the stratosphere musicalise
back in two thousand and two or at late two
thousand and one oh two. How you remind me what.

Speaker 3 (01:18):
This Pokanui's five day forecast with twin farm tef from
and soft text. The proof is in the progeny tear
from dot co dot inzead.

Speaker 1 (01:30):
This afternoon cloudy, we're breezing nor westerlies and sixteen Thursday cloudy,
we're breezing all Westleys again. Ten and twenty Friday raym
of breezy sow westerlies five and twelve. Saturday light raym
of breezy soal Westley is five and ten. Sunday a
little bit warmer morning showers of breezy westerlies three and
thirteen so temperatures to head oh Mcow sixteen point one

(01:52):
for Dougi Clinton fifteen point eight and if I have
a quick flock here, yes, pretty much all we've got
for Sorde. We're just so we'll carry on with the show.
We're starting the Yowl with Steve Henderson farming down at
Aurarua see how things are going, and the lead up
to Christmas, followed up by Tom shell Out of Craig's
investment partners. Jason Hannigan of Otago pet Feeds is on

(02:14):
the program as well, remembering get those texts rolling into
five double oh nine key word pet food with your details.
Kylie Fiskin of Malt McLain plus more. I asked Kylie
what we're speaking about today. She just goes twenty twenty
five review, So we'll see how we go. That'll be
interesting and get Kylie's thoughts about the year that's been.

(02:35):
And finally, Jared Stopman of deary in Z has a
bit of a rep of the year from a daring
perspective as well. We've got an update with the team
from PGG Rights and regatting the bal Kluther sale. Mark
Calder will be on the line or going to plan
and then we'll start the Yowl with Steve Henderson. You're
listening to the Muster until two o'clock. Things in Peterson DDIX.
Get those texts rolling to five double o nine to

(02:57):
go into the drawer to win that five hundred dollars
pet food out pet Foods.

Speaker 3 (03:06):
This interview is brought to you by Center South branches
in Lawnville, Cromwell, Milton, and Ranfurly. Drop by your local
Agri Center South Branch today.

Speaker 1 (03:19):
Steve Henison joins us this afternoon from ALOA good afternoon, Steve.
Are you yelling at someone at the background, hopefully a
cow has an escaped.

Speaker 4 (03:28):
Well, people don't call it for just babysitting kids from school. Yeah, yeah,
there's learning about discipline and what they need to do
and what they don't do.

Speaker 1 (03:40):
Nothing like farm life in December.

Speaker 5 (03:43):
Now it's not there about an I want to go home,
But so what do.

Speaker 1 (03:47):
You got them doing today?

Speaker 6 (03:51):
Around and throwing me to the stings, noting the cape
they're going to.

Speaker 1 (03:54):
Earn the cape, throwing mad at the cow's painting the
kels of matt that'll be one of their jobs.

Speaker 6 (04:00):
We even we made a jump made to fill in
half an hour. There's no breaking bones.

Speaker 7 (04:04):
So now are they're following in the day?

Speaker 8 (04:06):
Not too bad?

Speaker 1 (04:07):
So how would you helps things looking in the lead
up to Christmas? Are you up up of the play?

Speaker 2 (04:12):
Yeah? I think we are.

Speaker 6 (04:13):
We're we're in a better situation than last year.

Speaker 5 (04:15):
And yeah, timing wise, getting new grasses and we're probably
a little bit behind schedule, but winter crops, we've only
got four he yes left to go and hopefully little
in this afternoon.

Speaker 7 (04:27):
Get a dry zone.

Speaker 4 (04:28):
Now there's a hard way up to play. Ye, done
what they should have done for mating.

Speaker 6 (04:33):
We'll skin eat week and yeah.

Speaker 7 (04:36):
Of all the years, we're actually looking pretty good down
a Christmas nothing pushing that needs to be down anyway.

Speaker 1 (04:43):
We had a real downpour and gore about half hours
five yesterday. Did you guys given you moisture over the
past three four hours? Of note?

Speaker 7 (04:51):
Yeah or not really?

Speaker 3 (04:52):
Of no?

Speaker 6 (04:52):
No, We've got maybe three mels out of that stuff yesterday,
which is funny.

Speaker 4 (04:58):
I can spend twenty eight teen meals and you go,
that was just a drizzle.

Speaker 6 (05:00):
And now getting into summer, every milk counts.

Speaker 4 (05:04):
You think you've had a hell of a reign, but
you may changes when you're starting a little bit dry
and looking for water.

Speaker 1 (05:12):
So how would you say your situation is? Overall?

Speaker 7 (05:16):
We're just holding our own is what it is.

Speaker 5 (05:17):
We grew forty seven last week, so we need about that.

Speaker 6 (05:21):
With your pedix out and just just looking at the
forecast and saw must to keep dropping away.

Speaker 4 (05:27):
So we've actually jumped on to a thirty day round.

Speaker 7 (05:30):
Yesterday we made the call and we're going to.

Speaker 6 (05:32):
Put about two or three killers of peak and the
kius to try.

Speaker 7 (05:35):
And push that round out just to make the most
of what we've.

Speaker 4 (05:37):
Got now rather than waiting to January and going keep
were dry, which should have started earlier.

Speaker 9 (05:42):
So yeah, you know, it's all it's all added cost
and whatnot.

Speaker 4 (05:45):
But hopefully I can put photographs in front of us
and it'll work out.

Speaker 1 (05:49):
How would you say the last twelve months have gone
compared to previous years.

Speaker 7 (05:55):
I think I think there's been plenty of opportunity and
things have pandem pretty well for the well for us
end for the dairy sector as a whole, Like weather wise,
exactly the same as the year before.

Speaker 2 (06:09):
It's not a little bit worse. I think the whole
was good with especially red.

Speaker 6 (06:17):
Meat prices in the sheep industry go and get busting
is finally which is good for those guys. And there's
still will be still a bit of free cash out
there on the dry famous side.

Speaker 9 (06:27):
Yeah, looking head all b a bit of plant.

Speaker 6 (06:29):
Replacement and that irony and they hasn't been getting done.
We'll finally get done.

Speaker 1 (06:33):
Because we look ahead to next year, Southern Field Days
coming up in February. You're you're well involved with that,
obviously there'll be a real gauge of how the mood
is out there spending wise.

Speaker 6 (06:43):
Definitely will Yeah, I know year that the last few
days there was clearly of inquiry and that not much
follow through with actual purchases. So hopefully this year the
choir obedire and will feed a lot of purchases out
of that because they need them and it flows on
what through the region and right through the country.

Speaker 2 (07:01):
So yeah, time will tell.

Speaker 6 (07:03):
But at the moment, the fever is looking pretty good.

Speaker 1 (07:06):
So what's your main porter called them before Christmas? Just
a bit of track to work to go, but generally
you're pretty much up to speed then, so you're in
a good space.

Speaker 9 (07:14):
Here we are.

Speaker 6 (07:15):
Yeah, and you know, we've obviously got staff running around,
so just making sure the rosters all fit and we're
trying to get what they want to do and when
they can do it. So, yeah, we've got a couple
they're going to milk Christmas and they're not going to
meet New Years and vice versa. I'm just having those
plans now that everybody knows, and not leaving it till
last minute so they can make some good decisions and
here with their wonders booked a trip Dozzie just between

(07:38):
Christmas and New Year because they don't have to milk
and they can make those decisions in a timely manna.
So yet that's all been done and here we will
go on teen and steven. Come next Tuesday, we'll scan
the kaos for the three week in calf right. Then
what we end up doing is splitting the herds, so
we keep our inclf Chaos as a herd men of

(08:00):
the theoretical not in calfs. We just put all the
ball pair with them. It's worked in the past, so yeah,
we'll do that. And there's a bit of good stock
work young stock. Kevin and I men it traces on
a big leaking out today to see if we need
to dreach them pre Christmas. They'll have a copper bullets
and yeah, that'll see quite it up by this time
next week hopefully.

Speaker 1 (08:19):
Is it interesting though, when you're young and free, you
want to do the milking on Christmas Day to have
New Years off, But now you're older and a bit wiser,
you'd rather have Christmas and milk New Years.

Speaker 6 (08:28):
Yeah, it's definitely like that. And the crew we've got year,
there's ones that have done the New Year's thing, and
now they're all a bit older and they yeah, they
do the Christmas thing and vice versa, and I'm probably
very similar. Takes more than half a day to recover
nowadays when you're keeping close to that.

Speaker 1 (08:44):
But four o four are you just a path?

Speaker 6 (08:49):
I'll tell you a few times, I don't feel like it.

Speaker 1 (08:52):
So you're taking getting a bit of holiday, a bit
of holiday time, man.

Speaker 6 (08:56):
Yeah, Well we'll click around over Christmas. In New Year
there always as bit some peace to do and we
won't get away till but the twentieth of January we
get up to Wanica.

Speaker 2 (09:05):
Oh, just just under a week.

Speaker 7 (09:07):
It's a bit of a LinkedIn cruise.

Speaker 6 (09:09):
It's tenth Junius go out there, but a camping and
eth kids get older, they sort of look after themselves
and it gives appearance a bit more free time. So yeah,
that's what we sort of look forward to. But you know,
between now and then we'll make the most ofavi the
opportunity to trying to get out on the straight and
get it for that recreation. Then they haven't been hitlan
for the last six months.

Speaker 1 (09:26):
Well you can do that when you live aside five oh,
straight to suppose.

Speaker 6 (09:30):
Yep, if we've got a good day, we can be
from home and onto the water within sort of twenty minutes.
So you've just got to be ready and just got
to go.

Speaker 1 (09:37):
Is worst places in the world to be Steve Henderson, You,
Tracy and the family have a fantastic break and we'll
catch up with you again next year. Thanks for all
your time this year on the muster.

Speaker 6 (09:46):
Yep, much appreciate that, Andy, and yep to the rest
of the listeners, same thing.

Speaker 2 (09:50):
Take it easy.

Speaker 10 (09:50):
You just only do what you.

Speaker 6 (09:51):
Have to do and then yep, we'll see you around
in the new year.

Speaker 1 (09:56):
Steve Henderson, this is the Muster on hockin New Are
you remembering text and pet food to five double O
nine go in the draw to win a five hundred
dollars voucher pet food voucher. Thanks for tagging pet foods.
Remembering that keyword again, pet food to five double O
nine with your details up next time. Shall aard.

Speaker 3 (10:16):
U argu the Muster Financial segment with Craig's Investment Partners
in Gore. This information is general in nature and it's
not financial advice. Craig's Investment Partner's Limited Financial Advice provider
disclosure statement can be found at craigsip dot com.

Speaker 1 (10:36):
Tom Shallard from Craig's Investment Partners joins me once again.
I'm the muster Craig Craig Tom.

Speaker 11 (10:42):
Good afternoon, Andy. I don't think that's the first time
you've done that either.

Speaker 1 (10:48):
Two days ago. How's it been the Craig's IP lately. Anyway,
you guys would be like rerats up drain pipes or
as things started to settle.

Speaker 11 (10:55):
Oh no, I look pretty busy Andy, heading into Christmas.
I think like everyone in Southland, particularly the farmers. G
it's a busy time a year, all right. But we're
in a new building and yeah, it's a very nice change.

Speaker 1 (11:09):
It's a really nice building. Now you're just opposite, you're
just beside the roundabout beside New World then is in the.

Speaker 11 (11:14):
Context and they're signag went up last week and you
can't miss it.

Speaker 1 (11:18):
Yeah, sticks out o the paverbi it looks fantastic as well. Now,
Global Markets to coin Sean Fitzpatrick has been a game
of two halves.

Speaker 11 (11:25):
It has it has If you look at the year
in review, it's most certainly been a game of two halves.
And while the year has been quite a volatile one,
with the first half notably choppy. As we've discussed throughout
the course of the year, the second half's been really
quite strong, and global indices are looking to end the

(11:48):
year well above the one prior. So just for context
on that global front, the S and B five hundreds
up year to date close to sixteen percent, with the
NASTAK up closer to twenty percent. So yeah, very very strong,
strong global market, very pleasing, and yeah, long mat continue

(12:10):
into twenty twenty six.

Speaker 1 (12:11):
So what effects are we seeing by terriffs as such
on markets?

Speaker 11 (12:16):
I'd say tariffs in the latter half of the year
have had very little to niel impact on the markets.
They are starting to have a bit of effect on
the US economy, but we'll need to wait for a
bit more data in the new year to see what
if any color materializes from that.

Speaker 1 (12:37):
So generally we seem to be tracking pretty good considering
all these issues that were seeing around Ukraine, the Middle
East and the likes.

Speaker 11 (12:45):
Yeah, the labor market looks a bit weak in the
States and their inflations probably running a bit hot, so
there are some risks there, But on the whole, yeah,
the market has looked past that.

Speaker 1 (13:00):
Now the Reserve Bank as well, appearing to have signaled
the end of the easing cycles. So good chance and
there to go unlock some interest rates.

Speaker 10 (13:08):
Yep.

Speaker 11 (13:09):
No, So while they didn't quite come out and say that,
it was certainly a sense from the Reserve banks commentary
a fortnite ago. Really the interest was on what if
anything they would save for next year. Would they leave
the door wide open for a rate cut in February,

(13:29):
would they even leave it ajar In the end it
was probably neither. There really is just a sliver of
a chance of a further rate cut in the new year.
And after that commentary, the market being a forward locking beast,
the three, four and five year swap rates have risen
quite dramatically actually over the last three weeks, up about

(13:53):
forty basis points. So that's why you're seeing a bit
of commentary in the media about wistpack or and Z
raising their raising their interest rates, which you know, at
first glance can can look quite counterintuitive given you know
where the cash rateers. But but those longer, longer dated
rates are priced from the from the swat market.

Speaker 1 (14:15):
So like what we see with a wistpac, there was
more or less, it's more of a clickbade headline almost
would you say.

Speaker 11 (14:22):
Well, know that the rate increases are very very real
in that three, four and five year space. They're passing
on their increased wholesale funding cost to their clients. So
those four point nine to nine five year fixed residential
rates that have been in the market for a number
of weeks, you know, may no longer be So I

(14:44):
think the carded rates are probably in the mid fives
now for that longer dated, longer dated stuff.

Speaker 1 (14:51):
Now, the GDP report for the September sector due out.

Speaker 11 (14:55):
Tomorrow tomorrow at quarter to eleven, which is quite adding
and we're really hoping for some good news heading into
heading into the year end, especially with the economy seemed
to fall into somewhat of a pothole midway through the year.
But look the rbn ZI forecast, we think it's quite pessimistic.

(15:18):
They're sitting around an increase of a forecast increase of
point four percent for the quarter. We think it could
almost be double that, close to twero point eight percent
quarter on quarter. So yeah, we're looking forward to hopefully
a good strong beat tomorrow and the market will react

(15:38):
positively to that. And I guess that's another reason why
we we we think that the end of the using
cycle is here. You know, if the if the economy
is stronger than the Reserve Bank has forecast, that would
likely signal the bottom and that quantitive easing cycle.

Speaker 1 (15:58):
Do you expect more positive news regarding the economy next year?

Speaker 8 (16:02):
I would expect so. Yes.

Speaker 11 (16:04):
I think there is actually a really decent chance that
the economy will will beat some of the forecasts that
the reserve banks publish.

Speaker 1 (16:10):
Well, there's been a lot of knee jerk reaction as
well recently regarding data too.

Speaker 8 (16:14):
Yep, no, that's that's right.

Speaker 11 (16:16):
The point nine recession in the economy at the mid
part of the year essentially led to the fifty basis
point cut. And then we've got some quite mixed messaging
at the last bank meeting, which as an ideal for markets,
and that's why we've seen the increase cost of wholesale

(16:39):
funding and those swap rates.

Speaker 1 (16:42):
Right this look at Agra commodities a GDT once again,
the ninth drop in a row. I mean, Jesus like
supporting the stags a couple of seasons ago. Nine drops
in a row.

Speaker 8 (16:51):
It's not nice to watch yees.

Speaker 11 (16:54):
So look, the final dairy auction of the year was
another poor one, and unfortunately that is on the trot.

Speaker 8 (17:01):
So prices were down.

Speaker 11 (17:03):
Four point four percent in US dollar terms local currency
here the key week down, the prices were down five
point four percent. So look, it is starting to get
to a point where we think that analysts will need
to revise forecasts. I wouldn't be surprised if they were

(17:24):
revised in the coming days, if not by the day's end.
I mean, the midpoint possibly has to go close to
nine dollars now, Andy.

Speaker 1 (17:35):
But there's no need to panic for getting the dairy sector.

Speaker 11 (17:38):
I don't think so, Andy. It's really a story of
supply or over supply. Demands still there, although we've passed
a peak on the production curve for the season. But yeah, globally,
supply is still very strong and that's supported by an
oversupply of cheap cereal and feed and the global market.

Speaker 1 (18:03):
And finally are positive to finish the year and long
may this continue. Red meat suppliers, namely Sheet Cocky's doing
the weaning at the moment, getting some fantastic prices, putting
the lambs on the track.

Speaker 11 (18:14):
It's epic isn't it, Andy, It's it is. It's really
good to see and there's a smile on. I would
say every sheep farmer that I've been talking to, and
long may it continue.

Speaker 1 (18:26):
So when do you guys finish up for Christmas? Round
there at Craigs.

Speaker 11 (18:29):
We technically are open for business anytime the market's open,
so just close for the public holidays. Well, we will
have cover over that period for anyone that wants to
transact business.

Speaker 1 (18:42):
And if somebody wants to get in touch with you guys,
how do they do it.

Speaker 11 (18:45):
We're now at one Ark Street, Gore, opposite the New
World or cragsip dot com.

Speaker 1 (18:51):
Good on your time and you enjoy the festive season.

Speaker 11 (18:54):
Brilliant Thanks Andy.

Speaker 1 (18:58):
Tom Shellard. His name is and Craig, but he works
for Craig's Investment Partners, One Eric Street, so that is
the address opposite the New World. Less face it works
on Gore works on landmarks around town, right. Jason Hannigan's
up next to Tago Pet Foods. This is the Muster.

(19:27):
Welcome back to the Muster on Hacknu. This is the
week of the Muster. Christmas Giveaway. A salute to the farmers.
Jason Hannigan joins us next from Tago Pet Foods. Jason,
good afternoon and welcome.

Speaker 2 (19:38):
Yeah, good afternoon there, Andy, Hey, thanks.

Speaker 1 (19:41):
For joining us. Great to have you guys catching up
with us. Now. Firstly, tell us about the Tago Pet Foods.
The story there.

Speaker 2 (19:48):
Oh, so a small business that sort of come from
humble beginnings the owner Matt, and it was a lovely welcome.
They actually started in their backyard and a week container
and doing for pet food for friends and family, and
the business have just grown and grown and grown.

Speaker 1 (20:05):
So it's just gone from a family business, just a
small operation that's growing over time.

Speaker 2 (20:10):
Yeah, definitely that for a short time, Matt realize that
there is a need for farmers to get rid of
injured and unwanted stock without having to dig an awful
fit and what have you, and we could better make
use of the rest of the carcass.

Speaker 1 (20:28):
Are you talking injured animals as the lights or let's
predominantly are you looking for when farmers ring up?

Speaker 2 (20:34):
Yeah, injured animals stock mets these days, it's but tight
getting them into the frison works these days. And you
know a lot of farmers are saying, you know, they're
not they're not fit for transport, so they have to
deal with them. So we, yeah, we come in. We
aim to get to farms within twenty four hours, is

(20:54):
our sort of big aim, and collect the caresful and
process them and take all the mess away from them.

Speaker 1 (21:00):
Well, twenty four hours has pretty done, good time frame.
I suppose likes of carving, you guys be flat out.

Speaker 2 (21:06):
Yeah, carvings are absolutely our busiest time. We get a
lot of carving, paralysis animals and yeah, down cows.

Speaker 1 (21:12):
So that's us now to talk about life giving you lemons,
so you make lemonade, but when you get a carcass
that's going down, this is a chance to actually get
something to and using it renewable or suppose in one
sense as far as having our dog food, right, So
there's a bit of a double edged sword.

Speaker 2 (21:29):
Yeah, definitely. You know there's still a lot of farmers
out there with a lot of farm dogs and that
they need tucker. And yeah, the pet food industry has
sort of been one of the most consistent industries around
at the moment. So there's the ways I need everyone's
got pets.

Speaker 1 (21:45):
How does your structure work that way, Jason?

Speaker 2 (21:48):
So yeah, they contact us. We either through our website
or we have a one hundred number and we've also
got direct a donor. So the farmer gets hold of
us and say, hey, I've got this animal. My stock
manager will organize the trucks to come out and pick
them up and usually the next day if they call

(22:12):
up that morning. Sometimes if they're in the area, they
can do it the same day.

Speaker 1 (22:16):
So as far as travel, for you guys not on issue.

Speaker 2 (22:20):
We travel really far. So we travel. We're based in Moscow.
We travel as far as all the way down to Bluff,
all the way out to Wanaka, and as far north
as one many four four trucks on the road. And yeah,
the boys do some yes, and the early starts to
get into the areas at the right time.

Speaker 1 (22:38):
So yeah, it's staff number wise, you guys must have
a pretty good work for us of workforce on board.

Speaker 2 (22:44):
Yeah, the job's a bit skettered. So we've got about
thirty five staff all the different areas of the business.
And yes, our collection team, they go out, I'll shoot
the animal, bleed it and bring it back to the
plant where we have a skinning operation, processing operation network

(23:06):
which the rest of the boys will take care of
the animal.

Speaker 1 (23:08):
For them. Now, you've got a deal going until the
nineteenth of December, which is this Friday. What's that about.

Speaker 2 (23:15):
Yeah, well, we're doing pooper ones on our bulk, so
especially this one is mostly to look after our our farmers.
A lot of our stock comes from from guys with
sheep dogs and kettle dogs and stuff like that, so

(23:35):
we wanted to sort of give back a little bit
as well.

Speaker 1 (23:38):
Two for one. That's that's a pretty done good deal
at the moment.

Speaker 2 (23:41):
Yeah, yeah, so big focuses on the biggest ones we
have around our beef neck bones, our mutton bones, and
our beef brisket twenty kas. Yeah, so trying to look
after our guys. I've looked after us.

Speaker 10 (23:59):
Now.

Speaker 1 (23:59):
The best way of people to get in touch the
websites a Targo Petfoods dot co, dot nz.

Speaker 2 (24:04):
Yeah, that's one.

Speaker 1 (24:06):
But the price today this is fantastic, Jason, and we
really appreciate this. A five hundred dollar a Targo Pet
Foods voucher. That's outstanding.

Speaker 2 (24:16):
Yeah. Like I said, the fathers have been really good
to us. It's our tend to give back.

Speaker 1 (24:22):
Good on you, Jason, Hey, thanks for the chat this afternoon.
And Tago Pet Foods part of the muster Christmas giveaway
a salute to the farmers. We need people to get
texting in the word pet food to five double oh
nine and with your details and will draw a winn
in the morning. Jason Hannigan of a Tago pet Foods.
Thanks for your time on the muster of this afternoon.

Speaker 2 (24:42):
Our problem. It'll very Crossmas.

Speaker 1 (24:45):
Jason Hannigan of a Tago pet Foods. Once again, that
keyword is pet food. Just one word with your details
texted into five double oh nine to go into the
drawer to win a five hundred dollar a Targo pet
Foods voucher. How good is that? Before Christmas? This is
the muster on Hakkanui. Up next Kylie Fuskin.

Speaker 12 (25:07):
On this door, Big Rock star.

Speaker 1 (25:10):
Let us driving fifteen cars, the girl's going there and
the drugs girl Sha. Last, this is the muster on
Hakanui as I'm joined by Kylie Fuskin of Malick McLain
plus more based here in gorg You he hi, here
you going?

Speaker 12 (25:28):
Yeah, We're good, wait to go. We're good, aren't we?
Santa's coming?

Speaker 1 (25:33):
Santa's not far away. I got told off by Chanel
Perisy used today she texted in saying, do not call
Santa the fat man coming down the chimney. That's fat shaming.

Speaker 12 (25:40):
No, I'm getting told off for saying ho ho ho
to people.

Speaker 1 (25:47):
Just go oh oh instead.

Speaker 12 (25:49):
Yeah, it doesn't need the same effect, does.

Speaker 1 (25:50):
Not really getting towards the end of the year. How's
it been?

Speaker 12 (25:54):
Well, we survived twenty twenty five.

Speaker 3 (25:57):
Did we?

Speaker 1 (25:58):
We're still here?

Speaker 12 (26:00):
Yeah, a few days ago. Things are busy. But in
town's busy, which is great.

Speaker 1 (26:04):
Isn't it always? Is it this time of year though?
And that's what you'd expect for the middle of December though.

Speaker 12 (26:09):
Yeah, So twenty fourth of December is when everybody comes
in and does their Christmas shopping last minute, doesn't it.

Speaker 1 (26:13):
It's when all the males go to the warehouse at
about five point fifty pm on a twenty fourth of December.

Speaker 12 (26:19):
Aren't they open to midnight that night?

Speaker 5 (26:20):
No?

Speaker 1 (26:21):
They're not on Christmas Eve. I think it's a lead
up to Christmas. Their hours changed, camat might be.

Speaker 12 (26:25):
But anyway, I honestly think that you possibly should advertise
that for those that aren't making it till the twenty fourth,
I'd hate for them to be here.

Speaker 1 (26:33):
Bagger it that's their Probably they're not organized. Let them
suffer it anyway. Look you mean to be helpful and
d oh yeah, but I'm just being better effect about
the situation as well. It is twenty twenty five and
a lot of changes, especially in the red meat sector.
Was seeing a lot of positivity going around there. They're
seeing the alliance change over, Dawn Meats being involved the
GDT though another drop overnight. But you're saying, don't panic

(26:55):
kept them minoring.

Speaker 12 (26:56):
Don't panic kept him minoring. Absolutely, So when I'm saying
we survived twenty twenty five, we had some help, if
you know what I mean, in terms of our commodity prices. Finally,
a decrease in interest rates, our on flum on farm
that's really hard to say on farm inflation stability. Some

(27:19):
caveats around that though for fuel and of course those
things that we cannot control, rates and insurance. Recently, what
we're seeing is those who have wanted to leave the
industry have had an opportunity to do so with willing
buyers and willing sellers, meaning everyone gets what they want.

(27:41):
So it's been a pretty much a hier activity over
especially over the last six weeks.

Speaker 1 (27:46):
Or so there's been a lot of farms on the
market recently.

Speaker 12 (27:49):
Has actually been quite a few transactions as well.

Speaker 1 (27:51):
Yeah, so that's what I mean.

Speaker 12 (27:53):
If we've got willing buyers willing sellers gives us confidence
in our industry, doesn't it.

Speaker 1 (27:58):
So it's say in general though, that farming's heading into
a pretty positive space for the next twelve months. Yeah.

Speaker 12 (28:04):
So something else that happened in twenty twenty five we
had the government bring an investment boost. So investment boost
has kickstarted conversations around productive asset investment on farm so
that's got to be a sign of confidence.

Speaker 1 (28:19):
This year.

Speaker 12 (28:20):
We've also done some major tax planning with our community.
With such an increase in profitability from twenty four to
twenty five, we've taken a position often to delay the
filing of somebody's tax return. There only doesn't know you
owe them money until we tell them you owe them money,
and so therefore we're paying a twenty six provisional tax

(28:41):
based on twenty twenty four, deferring that cash flow through
it or winter, so that we can I guess get
our best estimate of what our final tax position for
twenty twenty six will be. On that note, the numbers
have run through, especially since we've had a a dairy
price reduction, don't look too dissimilar, but.

Speaker 1 (29:06):
You'd say a correction over reduction.

Speaker 12 (29:09):
Yeah, cream's gone a yeah, yeah, it's just cream. It's
the boat fund is probably where the flashboat fund has
gone out. I think we can still have a boat,
we just probably can't have the trim.

Speaker 1 (29:22):
And you talked a couple of months ago about this
money from Fonterra's selling their brands for farmers to go
out there and just spend it because it owes you nothing.
Do you still say that it's the thing to do
or be a bit more prudent.

Speaker 12 (29:35):
So I didn't exactly say go out and spend it.
I guess I said you have an opportunity to do
something with it that is meaningful. And I guess the
conversation that we're going to be having in twenty twenty
six is what is it that is meaningful?

Speaker 1 (29:50):
You talk about on farm inflation has been a big
one for a lot of people. I think the arable
sector though, is the one. They're the ones who are saying, look,
our price needs to increase, not that it's but we're
just not keeping up with inflation. That's the one sector
that's looking at That is.

Speaker 12 (30:03):
The one sector that its margin is definitely being squeezed
and we're seeing that. But it's a precious commodity, right, Yeah.
You think about what our our arable sector and how
it feeds the rest of our agricultural economy. If they fail,
what happens there?

Speaker 1 (30:19):
Well, it's just any sector though in a nutshell, is
it not? Yeah?

Speaker 12 (30:23):
So how many dairy conversions are going on in Canterbury
from arable to dairy.

Speaker 1 (30:27):
Lots because it's easy to get consents or it was
up until this change it's come through. So how would
you sum up red meat then? Looking forward?

Speaker 12 (30:36):
Yeah, so twenty twenty five was a recovery of red meat.
Twenty twenty six is looking like we're actually going to
make some money and make some decisions around stabilizing our
balance sheet and even starting to move forward. It's not
going to be like this forever.

Speaker 1 (30:53):
So in the last.

Speaker 12 (30:56):
For thirty years that I've been doing this job of
nearly there has been cycles and it's where are we
in our cycle and where is our best place to
put our money to survive the next cycle?

Speaker 1 (31:11):
Consistency with pricing across the board would be what you'd
be after. That'd be the key messaging of stability. Stability, stability.

Speaker 12 (31:19):
I've always wanted stability because accountants don't have too many
tracks left in them anymore to be able to create stability.
We do have some We've got our income equalization scheme,
which isn't as popular as it used to be, our
deferring a fertilizer. But we've got to be prepared. We've
got to know what the market is saying to do that,

(31:40):
and of course our adjustments through our livestock schemes, which
our ability to do that is hampered as well.

Speaker 1 (31:46):
Now what about Woll. What do you see for Woll?
We're seeing flats excitement.

Speaker 12 (31:52):
Yeah, excitement about time. Eh. I'm a cat of the eighties,
sheep farmer's daughter of the eighties. I remember plugging dead
sheep because was worth it. But yeah, it's got a
long way to go in terms of providing actual value.
But at least it's not a cost anymore.

Speaker 1 (32:09):
But you're paying and probably getting a twenty four pair
left over. Now, once you've done the main clip, that's
the key message.

Speaker 12 (32:14):
You can shout the shares, you.

Speaker 1 (32:15):
Can shout the sharers and you might need that after
a year like this, What the hell else would you
sum up the next last twelve months? Just what would
you say to that Kylie, nice new phone by the way.

Speaker 12 (32:25):
Too, Yeah, thanks? I hate it this technology stuff. And
that's probably the summer of the twenty twenty five. We've
embraced technology on farm a lot more than we had before.
The number of new technologies that we're seeing on farm
is a sign that we didn't see ten years ago.
So is that helping us boost our productivity? What I

(32:49):
do know is that we need to be grateful of
where we live. Through our networks, we're talking to other
others further north, and it brings us back to reality
that we really are a hard working bunch who just
get on with what we've been handed. And I guess
I look back to the twenty third of October and say, Wow,

(33:14):
what a community we have to rally around and to
get through something I've never seen in my lifetime in
terms of the destruction of the wind. And I guess
we're still cleaning up. We still can't put a price
on it in terms of the dollar figure for our cleanup,
and I don't know if we even will get a

(33:36):
get a final tally of what's what it's cost our
farming community.

Speaker 1 (33:40):
Yeah, that's a good way to leave anything else on
your brand new phone there to rever.

Speaker 12 (33:46):
Over the summer. We just want to say to our
clients and friends, Merry Christmas. Please have some time off
to enjoy summer, because we'll have one a. We didn't
know that at five thirty last night, but we will
have summer. Eat too much, spend time with friends and family,

(34:12):
and toast to the fact that we survived twenty twenty five.
Let's look forward to twenty twenty six and make plans
to achieve those goals that affect both their businesses and
their families in a positive light. While we've got an.

Speaker 1 (34:27):
Opportunity now mail at mcclaim plus more. How do people
get in touch.

Speaker 12 (34:31):
After next Thursday Tuesday? Sorry at four o'clock you won't
well not me anyway hello at MMCA dot co dot
and said that will be monitored through most of the
summer break and between now and next Tuesday afternoon. You
can call us on three two eight five double seven.

Speaker 1 (34:49):
Good on your Kylie, you enjoy the break.

Speaker 12 (34:51):
Merry Christmas, f.

Speaker 1 (34:55):
Kylie Fuskin. I've mail at mcclaim plus more hearing Gord,
this is before we wrap up. Jared Stockman from diaryan
z sounds so bad, subad, This says the Master on Hakanu.

(35:20):
We get texting in pet food to five double O
nine with your details thanks to Otago pitt Foods a
five hundred dollars pet food voucher to give away on
the Master Christmas Giveaway. A salute to the farmers. Jared
Stockman of dirian Ze catches up once again. Jared, good,
afternoon house, Thanks half Andy.

Speaker 10 (35:41):
Things are great.

Speaker 1 (35:43):
Yeah, look, we'll talk this talk about this straight off
for bet. Another reduction in the GDT, a possibility of
correction to milk prices and the likes. How would you
sum it up though? Like the year when you look
at it from the milk price as we've gone to
the new year as well as opposed for twenty twenty six.

Speaker 10 (36:00):
Look, I think it's like the year has been very positive,
you know. Yep, we've got a we've got a reduction
in the you know, potentially the milk price, but we've
got strong milk production gray, so I think that'll probably
counteract it somewhat. But hey, look if we if we
finish out the year and we got a long way

(36:21):
to go, so productions high right around the world, but
I still think there's some gaps in the market for
you know, we're not seeing the build ups of stocks,
so you know, I'm kind of pretty confident it will
be nine dollars plus and most farmers should be should
be making some good, good profits with that. Might take

(36:42):
the heat out of the property market, might take the
heat out of the price of cares. So yeah, production,
production's up. Price might be a little bit subdued, but
orphans orphan has been equal. I think when for a
really good.

Speaker 1 (36:58):
Season, would you say the production is up across the board?

Speaker 10 (37:01):
Yeah, I think so. I know, Southend is very strong.
Southend's my understanding, is really really leading the country at
the moment, probably about team set up on last year.
So things are going really well on SOUTHND.

Speaker 1 (37:18):
The situation around Michael Plasma Bovas as well. Jared, that's
a good news story for the year.

Speaker 2 (37:25):
One.

Speaker 10 (37:26):
I mean, that's just been a collective effort and look
we're on the home stretch. I mean it's been a big,
a big win in the bi security space. Again, collective
efforts with the MPI, Osbury, DRINGB sectors and you know again,
I think you know, fingers crossed from the home the
home stretch and there'll be a really good one to

(37:46):
put to bed. But I think importantly what it has
done is has just highlighted the need for us to
be really cautious around the bio security space and be
prepared because you know, again we don't know what's in
front of us. But you know, I think that's been
a good taste for things like you know, God for

(38:08):
bid foot and master disease and things like that.

Speaker 1 (38:11):
Yeah, that's an interesting point you bring up there, Jared,
regarding biosecurity. How do you prepare for it on farmers
such or can you.

Speaker 12 (38:20):
Look?

Speaker 10 (38:20):
I think I think you can to a certain degree.
I think you've got to be really conscious of your
innate requirements. I think you've got to just have in
the beck of in your mind. Hey, if I'm having
a lot of people on farm, where are those people being?
Are they? You know, just basic things like in the
boots clean? Are they? You know, things like that, We

(38:40):
are we taking hygiene seriously? Do we know where our
stocks coming from or going to or what's coming on farm?
I think that's important thing just to you know, that's
the stuff that we can we can practically do on
farm to try and manage some of that stuff.

Speaker 1 (38:55):
So it's all about keeping your book where up to
speeders such and all the audits in processing that we
see there is actually a rest now behind it.

Speaker 10 (39:04):
Yeah, I think so. Look, I mean, look we do
need to. I mean, traceability is important from it is
so important from a bi security point of view because
you know, if something does get out, you need to
try and get back to the root cause. So I
think there's a there's an element of the book where
you've just you know, in loock farmers are running multi
million dollar businesses, so you just need to get that right.

(39:26):
But there's some good practical stuff that you can just
have in the Becky mind with people and stop coming
on farm and just just make sure you've you've clicked
all the boxes and got everything right.

Speaker 1 (39:38):
Jared putting your dairy and Z head on. How would
you rate the past twelve months we've had.

Speaker 10 (39:44):
Look, I think it's been really positive. Look, We've we've
had some we've had some challenges with with increasing cough.
You know, cost containments a big thing. But I think
we've seen some really good you know, from a darien
Z perspective, we've seen some really milestones that we've achieved.
We've got positive results securing in research around meet thane emissions.

Speaker 11 (40:07):
We know that.

Speaker 10 (40:10):
Home ground feed is delivering more profit per heat there.
We know that genetic gain the top twenty five percent
in each heard they are going to deliver on average
fifty extra kilos of milk solids. So yeah, I think
some of the science and research that we're developing as
paying dividends. And I just want to call out actually

(40:32):
a policy team because they do an immense amount of
work behind the scenes in terms of advocating for our
farmers and using the science and research that we do
gives a high degree of credibility to our policy submissions.
So what that's really important is that you know, politicians

(40:57):
are not just having to listen to emotion. They really
have to look at the credible science and research that's
put in front of them, you know, to make positive
change for farmers. And you know, so I think we're
on the wrong track the right track there. I think
the other thing that I've been really proud of is
just how well our team work during the windstorm in October,

(41:19):
you know, just behind the scenes, engaging with farmers and stakeholders.
That's been a really proud moment for me for the
Southern team this year.

Speaker 1 (41:27):
So as far as twenty twenty six, you're expecting things
to continue as us.

Speaker 10 (41:34):
Yeah, I think, Look, I think that's a real hard wing,
you know what's around the corner. But I think, you know,
I think we've got some really good We've got some
really good research and science that's happening at the moment.
We've got you know, the team are really fired up
and want to put on some good events and increase

(41:54):
attendancy here so that farmers can actually get more value
for the levy. I think then the pen report that
we did with Themobile was really positive, showing that that,
you know, farmers, farmers are getting good value for their levy.
I think the thing that kind of concerns me a
wee it is I'm not too sure whether we've got

(42:16):
air preparedness and business continuity kind of plans all sorted yet.
So we're going to do some more work in that
space next year, and you know, because we just want
farmers to be better tomorrow than what they were today
or yesterday and stuff. So yeah, but all in all
on yeah, really looking forward to twenty twenty six. And god,

(42:38):
I'm just you know, I just hope that their farmers
get a bit of a breather over the Christmas period,
even if it's an afternoon off, and we know how
hard they work year and day in and day out.
So yeah, just just excited for our farmers to have
a just a further continuation of the season and you know,
out into the future. I think it's really positive.

Speaker 1 (43:00):
Jared Stockman of Daryan Zed thanks to your time on
the muster this year. You enjoy the festive season. We'll
catch up in twenty twenty six.

Speaker 10 (43:07):
I appreciate your time, Andy, and Merry Christmas to you
and all of their dairy farmer's out there in South.

Speaker 1 (43:16):
Laugh out loud with ag proud because life on the
land can be a laughing matter. Brought to us by
sheer Well Data working to help the livestock farmer. Three
conspiracy theorists walking to a par You can't tell me
that's a coincidence. Remembering text pet food to five double

(43:37):
low nine with your details. Thanks to Tago Pet Foods,
we have a five hundred dollars pet food voucher to
give away. We'll do that draw tomorrow morning and we'll
have the results on the show tomorrow afternoon. My name's
Andy Muer. This has been the muster on Hockin. Now
you thanks to Peters Genetics, get those techs in get
you tomorrow.

Speaker 2 (43:57):
Hey, well, all right too there and what did he
go on again?

Speaker 1 (44:00):
Stock selling action comes courtesy of Mark Kolder and the
team of PGG writes in regarding the Bucluther sal that
was held this morning, Mark, good, afternoon, how do we go?

Speaker 9 (44:09):
Yeah, Gay, We're good. Thanks yet. Now we had a
regionable yard in today. We'll just get right into what forum.
Lambs started at two hundred and turundred and thirty dollars
mediums one sixty to one eighty in the small lambs
one thirty, one fifty, that's spring lambs.

Speaker 2 (44:24):
Small lambs.

Speaker 9 (44:24):
They saw well regional yard in today one hundred and thirty,
one hundred and forty dollars for the tops, mediums one
twenty and the smallers were one hundred and four hundred
and ten dollars us. They saw well two hundred tour
and thirty for the top one sixty one eighty mediums
and the latter end were one twenty one forty small
yard of rams they fixed seventy to one hundred dollars.

(44:45):
In the kettle front we had a reasonable yard in
small numbers, but they all saw well one hundred kilo
fruit and bull calves. They sort of fit around at
six fifty average and that they crossed the top throround
at nine hundred and the medium seven hundred dollars. What's
the mixed yarden? Small lines that meet good demand. Reflection
of a good range heading into the new year. Thanks

(45:06):
for turning in for the year on behalf of the
team at PG Ritson's. Have a safe and heavy break
from us all here.

Speaker 10 (45:12):
Thank you.