January 13, 2026 • 45 mins
Andy Muir talks to Steve Henderson, David Frame, Don Morrison, Jared Stockburn, Terry Collins and Mark Calder.
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Speaker 1 (00:11):
Servan Nights. Good afternoon, and welcome to the master on Hakanui.
My name is Andy Muer Here until two o'clock thanks
to Peter's Genetics, Thanks to your company. On a hunt day,
on a rather or could be a stressful or a
rather joyous occasion. One hundred and fifty eight thousand students
receiving their results for the NCEA today, So all the
best of it, somebody in your household. As we look
(00:34):
out on the horizon here, it's a rather cloudy start
to the afternoon here over the main street of g Town.
We'll talk with us shortly. But the music today good
tunes from Glenn Campbell. Do you any one who can do?
Speaker 2 (00:47):
To see Hakanui's five day forecast with twin farm teff
from and soft text. The proof is in the progeny
teff from dot co dot Inza.
Speaker 1 (00:58):
This afternoon, sholl is developing, breezey sow westerly is in
sixteen Thursday cloudy with breezey sol Easterly's eleven and fifteen
Friday eight showers of breezey sol easterly eight and fifteen
Saturday cloudy with breezey sol eastles Yes he's a theme
here five and sixteen and Sunday partly cloudy with breezy
east to southeaster is five and eighteen, so temperatures to
(01:19):
hand Clinton sixteen point one, Harriet's thirteen point sax Northern
South from fourteen point one, Rivertons sixteen point four, Tiana
and Winton fifteen point eight, and Woodland's at fifteen point five.
As we start, they hour with Steve Henderson farming at
alan Roa and chair of the Southern Field Days, which
is in the not too distant future. So we catch
(01:41):
up with Steve and see how things are going there.
Don Morrison, willow Bank farmer. We catch up with Howe.
I think he's been doing a bit of late weaning
as we catch up with him. David Frame of Craig's
Investment Partners Crystal Bull gazing into the next eleven months
or so or twelve months from a financial perspective. Jared
Stockman of Darry and zen As here, and then Terry
(02:03):
Collins of the AA talking fuel pricing in the South
and it seems cheaper to a lot of places. Terry
Philasters sims to what effect we're seeing here in the
South with fuel prices. We've got a stock sale report
with Mark Calder. Mark Calder sorry out a PGG writes
and from Balclouther. Then we'll start the hour with Steve Henderson.
(02:24):
This is the Muster until two o'clock thanks to Peter's Genetics.
(02:44):
Away down to Alua this afternoon on the Muster, where
we catch up with Steve Henderson farming down that way
with his wife, Tracy Dairy farming. Good afternoon, Steve, How
are you happy?
Speaker 3 (02:56):
I'm not too bad up there today?
Speaker 1 (02:58):
Overcast? It's I know, it's just a summer that isn't
really when you think about them.
Speaker 3 (03:03):
Yeah, I was turing the stuff yesterday and what are
we almost in the middle of summer? As in bloody
close to fifteenth of January, and or it wasn't fifteenth
of January, could well be, but yeahs of fourteen very
close to it. Was talking in spring winds and temperatures yesterday,
like almost said, you're shivering, so are we one of
(03:24):
two months you know earlier or sorry later? And then
February March is going to be the stink and hot one.
I don't know, but yeah, it's certainly been an interesting summer.
Speaker 1 (03:32):
To day well, generally February and especially March. There the
months that have proved pretty true.
Speaker 3 (03:38):
Yeah, yeah, because just like everybody else, we all need
a bit of hay weather and we're sure as he
haven't seen it yet, so.
Speaker 4 (03:44):
Yeah, it'll come.
Speaker 3 (03:45):
But yeah today, you know, we've had a bit of rain,
but we just haven't had in tense teat of sunshine.
We're just said these overcast days, like you say, is
in there?
Speaker 1 (03:52):
How much? Hey have you got tod Ah?
Speaker 3 (03:55):
We just do about four hundred week conventionals just for carbs.
So yet we go back to little bit of nostalgia
and crankle it og gear out and get some bales
done and pick them up by hand and earn a
beer and yeah, see how they used to really work.
Speaker 1 (04:10):
So how are you feed levels? Looking down there? Because
you're between them the cargo and bluff can be notoriously windy,
but at the same time it can't be too bad
either too.
Speaker 3 (04:20):
Yeah, so we have we've struck a few bit of
wind and of that rain on Saturday, we've got forty
five meals, which sort of this time of the year
we caught off and skip it at the ducts in
land from the coast and saw the hugs of hawkinguis
and goes through there. So yeah, we were I suppose
what we call lucky to get that forty five meals,
and we were certainly drying out. There were knobs that
(04:41):
were starting to ground off, which as the old indicator
if we need a good old share, So we've got
that and ear crops and young glass I can bounced
out of ground and there's not too much more on
the forecast. But on the flip side, we haven't got
scorching heat to dried out and if there's winds can
dagger off and that would be a god sen feeding wise,
(05:01):
with the kios of just Yees, they are just getting
grass and kill and half in the year to day.
So we've pulled out in this supplement that's going and
the paddock and we've got some returneips which we'll start
hogging into them about the gout the twenty festival through
here for January. They should be ready. So all in
all we're not looking too bad. And yeah, win winter wise,
(05:21):
we're about a couple hundred bars off the bail camp.
We need all subjects of getting our full end and crops.
So at the moment they're looking pretty good. Yeah, as
a whole, I think we're we're sort of.
Speaker 1 (05:31):
On par remembering, of course, Steve, you have gone away
from grass wintering back to the swedes too. That's let's
spend a point of difference.
Speaker 3 (05:40):
Freacked we have. So it was last year when we
sort of got forced into it with it, I say,
wet spring, but this one was actually where we had
more mills this spring. But I sort of forced us
into thinking a bit different because we were going to
miss the cap and it gets really expensive as you
have to buy that cut of bailage in. So yep,
we're done braskas and we didn't do much grass and
bailage for the trend condition KALs which this year those
(06:02):
KOs are strictly going to do sixty days on breasacas
and then the spring up period at fourteen days prior
will be on grass and baylage. So we're going to
trial that. Obviously, using brasca it takes out a bit
of area or so you use less area for wintering
on or springing on, so the lease young grass to
go in. So therefore we've got more grass for young
(06:23):
stock and making bales now. So yeah, we'll try that
and I think it's it's more critical around that transition
period from you know, two weeks prior to calving to
get them on to grass and baylage or diet very
similar to what they'll be doing when they come into milk.
So yep, we'll try that and see how it goes.
Speaker 1 (06:38):
So how's the milk flows.
Speaker 3 (06:40):
Milk flows Yep, no records this year. We're just about
three or four percent of heather last year, which you
know is to be expected with the with the spring
we had, and we probably did bounce out a little
bit better and kel condition was better out of the spring,
you know, especially for there was a couple of weeks
yere we did we did go Okay, kat has never
(07:01):
really peaked like last year. I've played owed, yes, So no,
milk flows are very similar to last year at this
time of the year, but we did we did get
a bit more sort of November December, we've got a
bit more milk out of them. Are similar care numbers
and we've just actually gone on to teen and seven
milking as of the twenty fifth of December. So yeah,
(07:22):
we're exactly the same as last year. The milk flows
at Yeah.
Speaker 1 (07:26):
So it's been the busy season. Even though it has
been the festive season, it seems as a lot of
self and ventures. Off to glenn du Bay for the
latter half of January, yourselves, you and Tracy and the kids.
Have you had a decent break yet.
Speaker 3 (07:38):
Now we've sort of ticked around. We've got away for
a day here and a day there. But now we
go up to hear Kem to ground spye not spying
and spying, Kim grind.
Speaker 5 (07:48):
Just wan to turn this a bit.
Speaker 3 (07:49):
King families go up there, all ex Lincoln families. So
h there's about twenty odd adults and about thirty something kids.
So that's from the twentieth to the twenty seventh, and yeah,
I think it's holiday. Had to break off the farm
anyway and get the boat out and water ski and
do all those sociable things. So like most other people,
you sort of hang around now and then get away
for a week before they go back to school and
(08:09):
then yeah, into the grind of February now.
Speaker 1 (08:12):
Seven field days. You are the chair there for the
upcoming event which is eleventh to thirty to February. Big
day out there. Yesterday at way murmur that everybody was
out there doing the markouts. So once again a pretty
big but a pretty big event in the offering, isn't it?
Speaker 3 (08:28):
Here it is and it's not tool like so yesterday
when you go through, oh, you know, thirty plus kens
of spray paint to mark the corners and mark the
teas and mark the crosses where sites intercept each other,
and then all gas gets on the bis and sprays it.
So yeah, it's not to see that and see the
pigs on the ground that you go, Yep, this is
for real what's happening now, and just the scale of
it too, so yep, this is going to be as
(08:51):
big as any other year. Obviously all the sites are
sold out and sold out a couple of months ago,
and yeah, just exhibit as they are looking forward to it,
and I think the whole chef and the Tiger economy
looks full to it too. Just almost read meeting Gary
and Arable what it's doing. I think it's going to
be this season. We're a lot of maintenance gets done
and even quite a few capital purchases will be happening
(09:12):
in February.
Speaker 1 (09:13):
I'll say one thing about their bike of Garth Shanks.
By the time he's finished with it with their elaborate
setup for the markeout. I reckon you could put it
into Papa you.
Speaker 3 (09:22):
Could yeah, yeah, there's a fear bit of history on there.
And he could even sit on himself. He could be
the voice over for the air. We don't want to know.
Speaker 1 (09:30):
You tell you all about it? Can you get on
your gas Hey, we'll leave it there, Steve. Always appreciate
your time and we'll catch up in due course.
Speaker 3 (09:36):
Once again, that much appreciated. Yet if I have us
get away from January, make the most of it before
those coulds go back and yeah the old.
Speaker 5 (09:43):
February March opil.
Speaker 3 (09:44):
Maybe you'll roller in a quick so that.
Speaker 1 (09:46):
Thanks and standing Bible rule Steve Henson, Fami and our ruler.
This is the master on hok and Ui. Up next
David Frame from Craig's Investment Partners.
Speaker 2 (10:01):
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 Partners Limited Financial Advice Provider disclosure statement can
be found at craigsip dot com.
Speaker 1 (10:17):
Good morning, David Frame of Craig's Investment Partners joins us
for the first time in twenty twenty six. The Happy
New Year, Andy, Happy New Year. Any resolutions that you've
made that you've managed to break so far?
Speaker 6 (10:32):
Yeah, losing weight, which hasn't worked.
Speaker 1 (10:34):
Ye are We're going to do a bit of a
review of last year as well, Dave and think about
we'll actually look at what happened as far as stock markers,
interest rates. I mean, you look at anything and everything,
especially from a southern lens regarding financials, how would you
rank it?
Speaker 6 (10:49):
I think it was a good year overall. Now the
headlines didn't necessarily reflect that, but farming community seem a
lot better. We've got some good prices out there. I
think townsing along a lot better than it was twelve
months ago. Yeah, I'm pretty positive about the future.
Speaker 1 (11:05):
Positive being the key word there, and there's a lot
of positivity around at the moment, seeing the way that
red meat prices are staying up. There was a correction
in the GDT last week. He came up and leaps
and bounds after. I think it may have been eight declines,
so we may see. It'll be interesting what happens with
the next one term, I suppose.
Speaker 6 (11:23):
Yeah, and a lot of that's volume related and depending
on the time of year, so it bounces around. Be
nice to see the trend reverse and get the milk
price maybe a bit more stable and a bit more
towards ten bucks.
Speaker 1 (11:35):
So what was a big thing that stuck out for
you from last year's markets?
Speaker 6 (11:39):
I think the wealthy economy started rebounding really well after
the whole COVID sort of debarcle. Because we had cheap
money in twenty twenty twenty one, people spend a lot
of money. Inflation shot through the roof, and then interest
rates shot through the roof. People lost confidence. Where last
year interest rates came down. So we saw world markets
(12:02):
going up sort of around twenty percent. Some areas like
Europe went up twenty five percent. So we saw investment
returns for sort of balanced investors of maybe eight to
ten percent for the year, which is good, really good.
Speaker 1 (12:16):
Interesting the way the Kiwi dollars been bouncing around.
Speaker 6 (12:19):
Yeah, and it's looking pretty sad at the moment. It's
the lowest I've seen against the Aussie for ages. I'm
heading overseas for a holiday in a few months time
and I won't be getting as much for my buck,
so a lot of people think we should rebound because
our economy is rebounding. So we'll have to see how
it goes through the year. But it's certainly in a
(12:40):
sad spot right now.
Speaker 1 (12:41):
Yeah, eighty six cent, it's not that long ago. It
was in the nineties.
Speaker 6 (12:44):
Yeah, I think it was sort of mid nineties, maybe
halfway through last year. The only positive from that is
that the exporters should be able to sell their goods
for more than Kiwi dollars.
Speaker 1 (12:55):
There's always a silver lining to something. That was the
one thing I was going to say. The export prices
at the moment are good and this would be the driver.
Speaker 6 (13:02):
Yes, yeah, which is good. We need that sort of
tailwind when the domestic economy is suffering a bit.
Speaker 1 (13:07):
Yes, So we look at the year that's ahead of
US interest rates and the likes, what are we going
to get?
Speaker 6 (13:14):
Well, I believe interest rates might have bottomed out, So
we'll have to see how the economy goes. But the
Reserve Bank seems to think they've done most of the work.
Not too sure if they'll head up again by the
end of the year. But if the economy starts cranking
again and it's taking a while, then we might see
(13:35):
rates start tracking up. The other wild card and there
is inflation, which is sort of under control but sort
of not so the Reserve Bank. If inflation goes up,
they might just step in and put interest rates up
a little bit too.
Speaker 1 (13:49):
Oh, Cia, what are we going to see? What are
you seeing through your crystal ball that you look at.
Speaker 6 (13:54):
We would say that there might be increases late later
this year, so that will flow into interest rates increasing
as well. So what's driving that, Well, really it's inflation,
and if there are pockets of the economy that actually
starts surging, they'll try to temper that. So inflation is
(14:14):
the real threat, and we saw that probably three years ago.
Remember farm prices. I think inflation on farm was up
seventeen eighteen percent in a year, which is horrendous and
very difficult to deal with. So the reserve being will
crank the ocr and in turn interest rates if they
think there's a risk of that returning.
Speaker 1 (14:32):
Well, we should be close to seeing positives in the
economy as well. I mean, well, the government's telling us
time and again that this is going to be the
year twenty twenty six. We're telling us late last year anyway,
they were going to see a bit of a turnaround
in the Kiwi economy, and it's long over due. And
the COVID area you think about that a long time ago,
now years five years plus six years for goodness sake,
(14:54):
but we just got to start standing on our feet
as a nation. Though. When it comes to money, yes.
Speaker 6 (14:59):
Yes, And I think lower interest rates for those that
with mortgages will help because a lot of those households
will have more to spend up the main street on restaurants, bars, cafes, clothes, cars, TVs. Everything.
So if people start spending more, then money will start
flowing around. Businesses will make more, people will feel more
(15:21):
secure in their jobs, and then in turn the economy
should get some traction.
Speaker 1 (15:26):
Look, there's a lot of big things happening in Gore
as well. To put a local sense on it. We've
got Southern Field Days coming up, Steve Henson on the
show before it's going to go gangbusters. We've got this
big multi multi athlete event happening at the end of February.
Amongst other things. You've got the hockey Doy Moonshiners run
once again. I mean, there's a lot of stuff happening
in town, and there's going to be a real vibe
(15:48):
in February, I'd say through that throughout the area.
Speaker 6 (15:51):
Yes, yeah, I agree too. And there's stuff like a
mountain bike event down south this weekend. I think there's
a triathlon on in town.
Speaker 1 (16:00):
At Monroe and you've got people coming and going.
Speaker 6 (16:02):
Yeah, it's a good positive time a year because people
are more active, the sun shining, they're a bit more chipper,
so and if there's money flowing through the economy, that
positivity can continue into winter.
Speaker 7 (16:13):
Right.
Speaker 1 (16:13):
This is election, Yeah, this is where the pro wrestling
terminologies come out and we go back to nineteen ninety
two with the holster of Macho Man and Winston Peters
and Christopher Luxon and Chris Atkins everybody else and trying
to see how our government is going to be made up.
It's interesting. There will be a change in dynamics with
the government.
Speaker 6 (16:31):
I'm picking Yes, I think it will largely depend on
the economy and whether the average household thinks they're better
off in the National or maybe Labor and then the coalition,
the dynamics of our government will will act and New
Zealand first get more votes off National. Will there be
a bit of a swing and an arm wrestle over
(16:52):
that coalition agreement.
Speaker 1 (16:54):
Down the track.
Speaker 6 (16:55):
It could be closer than we think, and it's early days,
not convinced. We have the most charismatic leaders out there
with the best conviction for the voters, so there's a
lot of ground for them to make up over the
coming months and then there'll be a lolly scramble and
a bonfight.
Speaker 1 (17:11):
At election time.
Speaker 6 (17:12):
And then ideally we don't have to wait too long
to know what sort of coalition has been formed because
undoubtedly those main parties National and Labor would have to
rely on others to get across the line.
Speaker 1 (17:24):
Look, I listened to Winston Peters on the radio this morning.
He's full on campaigning mode already, and he has been
since he lost, well since he stepped down from being
Vice prime Minister Deputy prime minister.
Speaker 6 (17:36):
And that's the time he's most vocal with then, isn't it.
It's it's campaigning time and he knows how to play
the game extremely well.
Speaker 1 (17:44):
Interesting times, David at Craig's Investment Partners, how do people
get in touch?
Speaker 6 (17:48):
Well, you can pop into our new office which is
one Ierk Street opposite the New World and Gore, or
you can check us out online craigsip dot com.
Speaker 1 (17:57):
Good on your David chat again, Thanks very much to
do that. David Frame of Craig's investment partners here in Or.
You're listening to the Muster, Don, Howie Morrison, Willebank Farmer.
He's up next.
Speaker 3 (18:10):
Same country Boy You've got John Away.
Speaker 1 (18:21):
Gwen Campbell is the artist that song. There, country Boy,
You've got your feet in La, but your mine's in Tennessee.
This is a muster. Don Morrison, Willowbank Farmer joins us next.
Good afternoon, Howie, and welcome to the Muster.
Speaker 8 (18:35):
I killed her. Andy, are nice to be back in
twenty twenty six? And maybe that's your theme song, is it? Andy?
You know country boy at heart now living the high
rolling life.
Speaker 1 (18:45):
I wouldn't really call it the high rolling life when
you're living in Gore, but nonetheless it's seven years now
we've been here.
Speaker 8 (18:51):
Yeah, I know, no good opening anyway, Andy, So note
and you had a good break for Christmas New Year,
I'm hoping Yeah, it.
Speaker 1 (18:59):
Was a really good Brak got away and up to
fund them for a while, went up to Centraltago for
a couple of days and went to some pretty cool places. Actually,
we went deep boating on Lake Horoco, which was I'd
call it something that every south from the nice to do.
It's fantastic going right through there into the Eugefovo straight.
So that was really really neat.
Speaker 8 (19:18):
Hey, a little bit ironic. Dy you said, you know,
you live in Gore. You don't call that living the
high life. But when you look at everything we can
do when you live in a province like this, hey,
I reckon, we are living the high lights. You know,
when you go away to the coast of lakes, the rivers,
the Ordland, you know it's all there, isn't it.
Speaker 1 (19:34):
Yeah, it's the understated Southern persona. But we have everything
at their doorstep. And you know you do appreciate what
you've got, especially if you have traveled as well. How
that's the beauty of it, I suppose.
Speaker 8 (19:45):
Yeah, Well, I'm living on the farm, and I reckon,
I'm living the high life on the farm Indy because
loving being a sheep farmer at the moment. But but
just you know the pricing we're getting for a red
mate man, that's bndicate TWI. A lot of us have
stayed with sheep. Look at it's still early and can
we get some seasons of it, but let's enjoy it
for the moment.
Speaker 1 (20:04):
Yeah, what's your thinking they're in the long term? Of course,
you've just finished the stand as an Alliance board director,
do you have a lot of faith in the industry
that this price isn't going to plateau downwards? We're going
to see a bit of a Manhattan skyline where it
just evens itself up out towards the top end.
Speaker 8 (20:21):
You'd have to hold your breath and say it's going
to continue, you know, to the heights that we are
at the moment. But maybe there's a bit of a NewsPad.
I actually can't see the sheep meat price correcting until
we get a movement in the bee price, because it's
really probably that red meat beef price that helps undercook
that land by and then you know they're looking good
(20:42):
good for that beef price a good number of years out.
So I look a fee bit of optimism Andy.
Speaker 1 (20:47):
Yeah, No, it's interesting how we normally want to speak
to you around this. You're playing with a bit more
of a straight bed and just saying it's a month,
it's a week by week proposition. So to hear that
coming from your mouth as well, mate, it's a good thing.
Speaker 8 (20:59):
Well, I'll actually spoke to one of the sneer guy
I've been in contact with for many years when I
was at Alliance and he called an over over the
new year from Europe, and you know, he was really optimistic.
So you know, normally those guys are the ones that
you sort of can take a bit of a reading off.
And it was he that said, look, as long as
that beef price continues strongly, you know we're going to
(21:19):
have some good lamb prices. So you know he's he's
got more market knowledge than I have sold, certainly to
further harm.
Speaker 1 (21:26):
So what's the correlation between the beef price to the
lamb price.
Speaker 8 (21:30):
Well, it's it's your red meat as a as a
protein option, Andy. So when you've got that, and given
that the beef consumption in the world is far more
than the lamb consumption, that there's basically that correlation between
the two. And you know, of beep of beef as
beef was to take a hat, then you would certainly
see your GOP and the lamb price. So you know
(21:52):
you work at dversity that way. When beef is up,
you can expect some positive LAMB piceons.
Speaker 1 (21:58):
So we can expect the same with Venus and post.
To look at the other side of read.
Speaker 8 (22:01):
Meat, Venison, I guess is slightly more niche because you're
only playing in certain markets, so it's it's always been
big in those ben Alaps countries of Europe where it
are aligned with their game season being what we're seeing
was Venison has increased exposure of the product, understanding it
and certainly the UK and the US market, so you're
(22:22):
seeing you know, bigger, bigger Venison sales there, which is
I guess what's going to help that prize.
Speaker 1 (22:29):
And of course Willy Visa finishing up as chief as
chief executive of Alliance as well, Howie, how will he
be viewed in your eyes?
Speaker 8 (22:39):
I think game changing for what Alliance was able to
do to turn its operating and it's operating efficiencies and
its profit lines around. And you know, the utmost respects
for Billy and actually the team that he was able
to put together and the work ethic that he got
out of that team, So you know, I understand and
(23:00):
you know, look, he may want to move on to
different things now that he's achieved what he set out
to achieve, but certainly the utmost respect and they'll have to,
you know, just find someone good to follow in his shoes.
Speaker 1 (23:11):
Yeah, it's good to see the red meat industry in
a good place at the moment. So you're weaning light
on the farm this year, is that right?
Speaker 8 (23:18):
We've done up the last few years. Andy, We wean
or the SuDS sheep early and try and trade a
bit more feed. But we take the commercials through to
Curl about this time, and what we're finding is we're
getting considerably more lambs off the face by the end
of January than we would have. So look the ones
we're weaning today, I think the huge majority of them
(23:41):
are going to go. So it will release a bit
of face for some feed. Now it's put a bit
of pressure on it being a slow spring and then
and then a bit slow row, But in terms of
the net result, it's the sort of the program we're
running with now.
Speaker 1 (23:55):
So the US haven't had a bit of a check
given the lambs have been on as long as they have.
Speaker 8 (24:00):
Youse are actually looking really good. Andy. It is a
block of the farm that you know that we expected
to do this, So the pressure might have been a
little bit lighter, lighter. I should say we've actually weaned
all the singles. All the singles were weaned first year, sorry,
first week after New Year. But the majority of the
sheep are coursing multiples. We're holding off now and they
(24:20):
just had a little more scope with what they had.
Speaker 1 (24:23):
So how would you describe your feed at the moment?
Speaker 8 (24:26):
Short, very short, endy. But we got some specialist crops
and got quite a big area of red clover and
which is a new a new crop this year for
lamb fattening and ref no and summer turnips, which is
still the kick in. The red flover has been a
bit slow, so we're just counting on, you know when
when that's actually going to kick in. So we've we've
(24:48):
tried to cover that shortage with some specialist lamb feed crop.
Speaker 1 (24:52):
See not really panicking about the feed as such. I
mean this is January January after all, which is traditionally dry.
Speaker 8 (24:59):
Yeah, look at is what it is, Andy and getting
a big number of lambs off has actually probably been
the best thing we could do because it's gonna upter
this week. We got some away last week, some more
away early this week, and then I think we're going
to get a big draft now, so that's ease the pressure.
Speaker 1 (25:16):
Hey, just to wrap up, we'll talk of it a
Landers Dylan Pledger. He's been ruled out of Super Rugby,
arguably out for the season. That's a big hit for
the franchise.
Speaker 8 (25:25):
Yeah, undoubtedly, as chatting with Lockey about it yesterday. And
I believe sin Hurley's out for a period too, is he. Yeah,
so I've heard they don't quote me on that. That
was just the gossip I've heard so allegedly, Hey, you
don't have that big depth in the Highlanders, so certainly
it's a big loss when some of their key guys are,
(25:48):
you know, out of play.
Speaker 1 (25:49):
Fill our tavoras he backed this yet.
Speaker 8 (25:52):
I think he's back in the squad. I'm not a lock.
He's right here. He's my go to man when I
need a bit of bit of confirmation. I'm pretty sure
fucking Harper's back. So they've certainly got one. Well, you know,
it was great the depth that we're going to have
in that position.
Speaker 1 (26:07):
Yeah, well it's only a month away in Super Rugby's
here dear or say it how we Hey, will let
you get back to it. You're probably get on the
hand piece or something like that, So I won't hold
you up. Always good to jet No, really good Andy,
talk to you next time. Don Morrison farming out there
at willow Beck. You're listening to the muster on Hakka
Nui Jared stop him from darien Z. He's on next.
Speaker 9 (26:29):
London job man.
Speaker 2 (26:31):
The lights shine in on me, Michael Stark.
Speaker 1 (26:38):
Now, welcome back, This says the muster on Hakka Nuie.
Jared Stockman of darien Zi joins us for the first
time this year. Get a Jared and welcome once again.
Speaker 7 (26:56):
Hey going Andy, great to be back and the happy
New Years during.
Speaker 1 (26:59):
The listeners, Did you manage a bit of a break?
Speaker 7 (27:02):
Yeah I did, mate, got home, catch up with mum
and Dad and Tadanaki in Stretford, so yeah, good to
be back up home again. And yeah, but of fishing
in the Marlborough Sounds.
Speaker 1 (27:14):
Which was just awesome, sounds horrible.
Speaker 7 (27:17):
Oh it's tough, mate, it's tough, but yeah, managed to
get through it.
Speaker 1 (27:21):
Okay, that's amazing. And that's what January is about. The
Christmas season and a lot of farmers just taking holidays
later on the month and that's just the way it works,
I suppose.
Speaker 7 (27:30):
Yeah, exactly, you know, school holidays and look as grape
to get out great suit farmers getting a bit of
a break. She's been a busy old, busy old first
part of the season. So yeah, well deserved and yeah,
wish them all the best and hopefully had nice and
safe holidays.
Speaker 1 (27:50):
It's been a hit a couple of months, that's for sure. Okay,
Jared with Derry and z what's what's been happening? Or
I suppose just easing into the year what's on the
horizon's probably a better way to deem it.
Speaker 7 (28:00):
Yeah, a few things, Andy got some got some really
good events coming up early February. Our technology events, so
it's technology feature fit Farming got three events, third, fourth
and stiff in South and West Otaga. And we've got
doctor Stacey Hendrix, one of our animal health team down
(28:25):
looking at wearaballs and rumination data and things like that.
So really just trying to get the best out of
your on farm technology in terms of wearables and stuff
and also what's next on the on the horizon. So
there'll be really good events to keep an eye at
for get along from efty ten So yeah, really encourage
(28:48):
a farmers to get along to those We've got obviously
field days coming up, which will be great done in
the eleventh February, so we'll have a sight there. And
also that just kind of prempts the start of their
levy vote which comes around every six six years, so
(29:09):
may message there is just really encourage farmers to to
make sure their vote is counted. So we just want
all of their farmers to vote, you know, during that process.
What else the dyg on of course the optimistic season
I reckon GDT rise was I guess the quantum of
(29:33):
rise was a bit of surprise, but I think that
just you know, gives us some really good, cautious optimism
for the balance of the season, and you know, made
messages just for farmers to keep an eye on what
they COSTA.
Speaker 1 (29:48):
Is this the year that we see technology come to
the four properly in the dairy industry or is it
a bit blase to say that considering where we've come
over the past couple of years.
Speaker 7 (29:59):
I think, Look, I think it's just going to be
an absolute continuum. There is so much technology out there.
You know, last year we had a scientist out of
the US talking about you know, AI drones, body conditioning,
scoring from heights. So I think there's more to come,
(30:23):
but but I think, you know, the key is making
sure that if you're investing in technology, is what's the
return that you're getting and are you using it, you know,
as effectively as you can? And I think that's really
the key. So it's all very well to have it,
but you've got to use it. And I think we're
living in a data driven society now, so I think
(30:48):
data is becoming more and more prevalent in farming and
the people that are using it, you using it best,
are getting the maximum advantage in terms of their operation.
So I think there's more to come, to be honest,
but I think the next sort of two to three
years will we really fascinating to see where we where
(31:08):
we land now.
Speaker 1 (31:10):
Regarding the living the levy vote, could you elaborate on
that a little bit more.
Speaker 7 (31:15):
Yeah, So, look, every six years, farmers are obviously given
the opportunity to vote on whether they continue the levy,
which you know as as funds or science and research
and advocacy and regional extension and partner programs and events
(31:37):
and things like that. So yeah, something that comes around
every six years, and you know what we're really really
focused on is just getting farmers to vote. And so
we don't kind of want people to put the voting
papers in the in the top drawer and forget about them,
or you know, not not not vote via electronic means
(32:01):
there'll be two forms of voting postal and obviously electronics.
So yeah, we just just really keen to get our
air farmers to vote in their process, same.
Speaker 1 (32:13):
Old story, you don't vote, you can't complain.
Speaker 7 (32:16):
Yeah, And I guess that's you know, you know, for
us here in Southland, I'm kind of still only six
or seven months and I guess farmer feedback is just
so important and you know, that's what we encourage. That's
what we're encouraging our farmers to get out to you know,
the events that we put on and actually give us
(32:36):
some feedback because you know, are these events telling the
right mark? You know, what can we do better and
stuff like that, and that's the you know, for me,
that's the real goal is you know, what what do
our farmers want? How can we deliver really get high
value for their investment in the living And so that's
something that you know, will be working on really hard
(32:57):
over the next twelve months. To just get more feedback
from farmers, make sure that our events are having the
market and really trying to their value to their businesses.
Speaker 1 (33:06):
And like you say, Southern Field Days happening in this
and the first couple of weeks if you read this
is a fantastic even as well.
Speaker 7 (33:12):
Jared, Yeah, it's awesome and look you know, and actually
it's only every two years, but Southern raally punches above
its weight in this event. And you know most farmers
want to speak to go or one day. It's just
not enough, you know, it's a couple of days. And yeah,
we're really excited. We've got managed to get Kemboy, we're
(33:36):
CEO down for a day or two in ken Henderson,
want of our directors and in both them just you know,
love coming to Southland and love talking south and farmers.
So you're really excited to see what's on offer. And yeah,
I imagine there'll be there'll be another big event and
three days a week and weather it'll be awesome. When
(33:57):
it's record crowds, it be amazing.
Speaker 1 (34:00):
Good on your Jared chat again mate Maas and Jared
Stockman of Derry en Z before we wrap up on
a Wednesday, afternoon, Terry Collins from the AA talking fuel
prices in the South, the stars, I clean my gun
(34:28):
and dream of Gow the st Welcome back to the muster. Now,
before we wrap up, this is going to be a
really interesting chat. Terry Collins is Principal Policy advisor for
the AA. He's on the line, and you may have
noticed fuel down here in the South is pretty cheap
compared to arguably a lot of the rest of the country.
(34:51):
We can talk about the South service stations, how they've
come into the mainstream pretty much over the past four
or five years. But what exactly is it about the
South it gives us these prices for fuels and what's
going to happen over the next year or so. Terry,
thanks for joining us on the Master's great Andy.
Speaker 5 (35:08):
Good to be here.
Speaker 1 (35:09):
Firstly, why is Gore arguably a hotbed for fuel prices?
Speaker 5 (35:15):
One word competition? What's happened over the last few years.
A decade ago, maybe two, we had something known as
the Gull effect, and that was a model, low cost
model with a pump, a bows, a card reader, nobody
on site, and some lights and they had low overheads.
What they started getting tractioned in the market, and then
MPD came along. Why Tomo came along, some of the
(35:37):
big guys like zok rechanged the logos as you go.
VPM mobile are now doing other sites that it does
following it model. So what that model is is they
reduced the costs as much as possible to deliver it
to you, and they rely upon volume, small margin, big volume.
That creates competition because that's fighting with everybody in your
(35:58):
area to get my fill up when you go to
the service station. And they're doing that by off on
the cheaper posts.
Speaker 1 (36:05):
Because off the top of the head, we've got at
least five self service fuel stations and Gore two of
the big boys who are big players in there as
such as well. So this will pretty much be the
reason around that, I suppose very much.
Speaker 5 (36:18):
And everybody's copying the model. Turns out, funnily enough, we
all like buying cheap fill. No, it's a fully homogeneous product,
doesn't really matter who makes it. It still powers our
car the same way, and so what you can lie
upon if you've got a similar standard of fuel, nearly
the big determinate is the price you pay for it.
Speaker 1 (36:35):
So this proposed merger between Gallon MPD. For example, if
it goes through they've got separate stations here in Gore.
Is that going to have any effect at all?
Speaker 5 (36:44):
The Commerce Commission will look at the locality of those stores.
There are a couple of round We've got one and
ceeb and Wellington with the two of them are together,
and what they'll try to do is divest themselves and
perhaps one of them that maybe what they call requirement
so that they don't have it and immediately the same area.
But potentially it makes common census kind of merger. What
(37:05):
happened was Goal was owned by an investment company that
they had to sell it when Z bought. Z was
purchased by Ampol, which was Celtic's Australia and if they
hadn't sold the Goal, they were to have over fifty
one percent in the market and the Commerce Commission wasn't
going to avalot, so they had to sell Goal. Investment
company brought it there in the business and making the
(37:28):
investments MPD. He has a fifty year old south Whileign
company with a long experience of running petrol ones. So
you've got a relatively sharp management teams. You've got all
the logistics mainly in the south for MPD and mainly
in the north of Goal. You've got timor oial services
or the depoting in Tenarufa MPD and you've got the
depoting and mount for Goal. Also when they sold Goal,
(37:51):
they had a five year contract to have well supplied
to him from Ampole Australia. That's halfway through that contract.
So combining these two small companies into a larger companies
means they have more buying power in the Singapore binaries,
so they can get cheaper fuel. They'll have a lower
overheads picture as well to use the logistics and trucking
(38:11):
and their storage units more efficiently, and hopefully all those
savings that we're going to make gets passed on to
us with the notice.
Speaker 1 (38:17):
Terry, would you say there's still room in the market
for smaller players, independent players to come into the fuel game.
Speaker 5 (38:24):
I think there's not a barrier to entry. I think basically,
if you can secure your fuel source, there's actually building
and the resource content for the service station, they're not
particularly difficult. The technology is there. It's a card reader,
it's the bousands which we've been making for years and
just connecting all and making it easy to use.
Speaker 1 (38:44):
Regarding the price of fuel is a geographic location that
effectively makes New Zealand to captive market heads are pricing well.
Speaker 5 (38:51):
What we find when we look at all the analysis
of the fuel is that we get variances price within
regions and between regions, and really it just comes down
to that common tition and what day of the week
or so you bought it. So you could talk about
an average price, we really no such thing because they
very up and down. But if you added them all up,
you would get an average. What the companies do on
certain days of the week. They offer good discounts and
(39:13):
gulets on Tuesdays and so what you can to find
is that Monday, Tuesday cheap fuel, Tuesday Wednesday cheap fuel.
But then the prices wouldn't they go up, but they
go back to the original level over the weekend because
we know that we've got the weekend off of might
turn the boat up and take the car out, do
all those other things. So they know that market, that
sustainable volume is going to be there over the days.
(39:35):
It's only those other quieter days in the beginning of
the week they offer a good discount. So if you
want to fill up the pace to fill up. Look
around on those earlier parts of the week, around Tuesday
and Tuesday, those kind of days, and they usually the
best price office.
Speaker 1 (39:47):
As far as the conflicts that are carrying around the world,
how much does that impact on air pricing.
Speaker 5 (39:53):
It can. We saw it was the Russian Ukrainian one,
but remember Russia was the third largest will producer at time,
and so that we had a beg impact. We didn't
see the same with this master attack on Israel because
neither was a oil producer. The current issue around Venezuela.
Venezuela has got the world's largest oil reserves, but they
(40:13):
can't really turn on production that their production has been
declined about a third of what they did a decade ago.
They put out least in a million barrels a day
and will demand right now is about one hundred and
two millions, So they were an insignificant player. The last
couple of days, I've seen the price of international oil
go up because of the Chess meeting from Trump. With
Iran around as an oil supplier, and so the kind
(40:35):
of the gamblers in the market so to speak, have
just been pricing in a little bit of risk around that.
We've got plenty of oil out there in the world.
There's no shortage of it, and so these prices rarely,
we hope in particularly in the stress quarter of twenty
twenty six, will be about what they are here. They
shouldn't go.
Speaker 1 (40:54):
Up, so it should stay pretty relative to where we are.
Because considering what's happened with Venezuela and Donald Trump saying
he's taking over the oil reserves and the likes for
the interim anyway, we're not going to see much of
a rebound of markets around the world because that was
a big concern.
Speaker 5 (41:09):
No, not particularly. Look at the other thing about that
Venezuela world. That's what's known as heavy and seer, so
it's got a lot of sulfur in it, and you
a tax of specialized refinery to crack it. They have
those refineries a bit fire them around Louisiana and Texas.
The US optimized their ones, so it will be handy
and benefit globally. We'll do globally. We'll be had a
(41:31):
bit of a tight supply around diesel. Hopefully that will
put more diesel on the market and drop the paces
of the diesel a little bit.
Speaker 1 (41:38):
As far as Marsden Point refinery closing. What impact has
that had.
Speaker 5 (41:43):
It's had none really what it's took away some of
our security of supply, But we were never refining New Zealand.
Will we produce a world which is called light and sweet.
It's good for making gasoline and it doesn't have much
sulfur which makes it a really handy fell and we
were seeing it to refineries in Australia, if not to
(42:03):
Marsden Point because Marsden Point was optimized to refine a
heavier type of crude. Now all we're doing is going
up to Singapore Koreanne of the Asian refineries and saying
here's the specification of their fuel. Who can give you
the best price?
Speaker 1 (42:18):
So regarding the fuel that's supplied by the companies is
not a lot of you know, they talk about the
quality of the fuel certain players being better than others.
Is that just a myth?
Speaker 5 (42:28):
Yeah? Look, there's a little is about two cents libert
less than two cents called the engine oil monetary levy,
and that goes towards trading standards. I used to be
a trading standards officer, so I know this one for
many years. And they go out and they sample the fuel,
and every sample I've seen so far that the publicly
disclosed usually means the octane level of the fuel is
(42:49):
greater than what it's been disclosed.
Speaker 1 (42:52):
Now, interesting insight there, Terry. Thanks for your time. And
like we say, you just got to go into your
due diligence and find out in these fuel the price
is a curve because, like you say, the starting near
the end of the week is when you're going to
find them, right.
Speaker 5 (43:04):
Yeah, and I'll just get the right fuel for the car.
You've got a high compression modern so you it pasted
us to sleep because you need it for the high compression.
So yeah, vehicle does it knock. Other than that, there's
not a lot of caloric values, a lot of energy,
but difference between the two it's only around what your
compression d is the car is what fuel you should
be using. The supers are a bit cleaner, they've got
a detergent in it, so they'll run it, but realistically
the standards all the same. The fuel is pretty much
(43:26):
the same. And unless you've got a classic car which
fifty sixty years old or something where you might need
to run an editor because of the valve steams they
used to put mead in petrol to lubricate and that
used to have the byproduct and municating the valves. That's
about the only thing to worry about.
Speaker 1 (43:41):
There's plenty of those vehicles running around. Good Terry Collins,
AA Principal Policy Advisor, Thanks very much for your time
on the Master.
Speaker 5 (43:48):
Thanks y, have a good day now.
Speaker 8 (43:53):
This laugh out loud with ag proud because life on
the land can be a laughing matter. Brought to us
a sheer well data working to help the livestock farmer.
Speaker 1 (44:03):
Why is bacon called bacon and cookies called cookies? When
you cook bacon and baked cookies, clean my gun? Something
to ponder this afternoon. That's us over and done with.
My name's Andy Muer. This has been the muster on
hock and Nuiche's to Peter's genetics. Joy the Afternoon podcast
going up shortly see it tomorrow one o'clock.
Speaker 8 (44:28):
Hey, well, all right, too heavy go there and what
did he go on again?
Speaker 1 (44:30):
For PGG Rice and presents stock selling action that occurred
at the bow Cloth of sale yards this morning. We've
got Mark Colder on the line to give us a
rundown on prices. Get a Mark, Happy New Year. And
all that.
Speaker 9 (44:41):
How do we go get same to you?
Speaker 4 (44:44):
Yeah, no, we're a really good today. We had a
really good good yarding today with a bit a thousand
forum lambs and about four thousand stall ends and everything
sold and sold well indeed, so getting into it. So
the prime lambs still really strong turn of thirty dollars,
medium turn tw and the last room were one sixty
one eighty get into the US are still strong demand
(45:04):
for some works. Who's there which is really showing with
two hundred and thirty dollars to two hundred, one hundred
and eighty to two hundred forty mediums and your lightery
News or in ninety one hundred and thirty.
Speaker 9 (45:13):
The stores they sold real well where I was needed.
Speaker 10 (45:16):
Store lambs with penty penny of attention in them. The
tops they were one sixty five one hundred and forty dollars,
the mediums were one forty one twenty and tail in
just the laiter born lambs or one hundred, one hundred
and ten dollars.
Speaker 9 (45:28):
So in a very very great yard in there and
some very happy people. Just a reminder, we've got a
two to fear coming up on the thirtieth to January
and our next kettle sales are twenty eight, so get
in touch with the local agent and perhaps he is
all there.
Speaker 1 (45:42):
You are at the act
Servan Nights. Good afternoon, and welcome to the master on Hakanui.
My name is Andy Muer Here until two o'clock thanks
to Peter's Genetics, Thanks to your company. On a hunt day,
on a rather or could be a stressful or a
rather joyous occasion. One hundred and fifty eight thousand students
receiving their results for the NCEA today, So all the
best of it, somebody in your household. As we look
(00:34):
out on the horizon here, it's a rather cloudy start
to the afternoon here over the main street of g Town.
We'll talk with us shortly. But the music today good
tunes from Glenn Campbell. Do you any one who can do?
Speaker 2 (00:47):
To see Hakanui's five day forecast with twin farm teff
from and soft text. The proof is in the progeny
teff from dot co dot Inza.
Speaker 1 (00:58):
This afternoon, sholl is developing, breezey sow westerly is in
sixteen Thursday cloudy with breezey sol Easterly's eleven and fifteen
Friday eight showers of breezey sol easterly eight and fifteen
Saturday cloudy with breezey sol eastles Yes he's a theme
here five and sixteen and Sunday partly cloudy with breezy
east to southeaster is five and eighteen, so temperatures to
(01:19):
hand Clinton sixteen point one, Harriet's thirteen point sax Northern
South from fourteen point one, Rivertons sixteen point four, Tiana
and Winton fifteen point eight, and Woodland's at fifteen point five.
As we start, they hour with Steve Henderson farming at
alan Roa and chair of the Southern Field Days, which
is in the not too distant future. So we catch
(01:41):
up with Steve and see how things are going there.
Don Morrison, willow Bank farmer. We catch up with Howe.
I think he's been doing a bit of late weaning
as we catch up with him. David Frame of Craig's
Investment Partners Crystal Bull gazing into the next eleven months
or so or twelve months from a financial perspective. Jared
Stockman of Darry and zen As here, and then Terry
(02:03):
Collins of the AA talking fuel pricing in the South
and it seems cheaper to a lot of places. Terry
Philasters sims to what effect we're seeing here in the
South with fuel prices. We've got a stock sale report
with Mark Calder. Mark Calder sorry out a PGG writes
and from Balclouther. Then we'll start the hour with Steve Henderson.
(02:24):
This is the Muster until two o'clock thanks to Peter's Genetics.
(02:44):
Away down to Alua this afternoon on the Muster, where
we catch up with Steve Henderson farming down that way
with his wife, Tracy Dairy farming. Good afternoon, Steve, How
are you happy?
Speaker 3 (02:56):
I'm not too bad up there today?
Speaker 1 (02:58):
Overcast? It's I know, it's just a summer that isn't
really when you think about them.
Speaker 3 (03:03):
Yeah, I was turing the stuff yesterday and what are
we almost in the middle of summer? As in bloody
close to fifteenth of January, and or it wasn't fifteenth
of January, could well be, but yeahs of fourteen very
close to it. Was talking in spring winds and temperatures yesterday,
like almost said, you're shivering, so are we one of
(03:24):
two months you know earlier or sorry later? And then
February March is going to be the stink and hot one.
I don't know, but yeah, it's certainly been an interesting summer.
Speaker 1 (03:32):
To day well, generally February and especially March. There the
months that have proved pretty true.
Speaker 3 (03:38):
Yeah, yeah, because just like everybody else, we all need
a bit of hay weather and we're sure as he
haven't seen it yet, so.
Speaker 4 (03:44):
Yeah, it'll come.
Speaker 3 (03:45):
But yeah today, you know, we've had a bit of rain,
but we just haven't had in tense teat of sunshine.
We're just said these overcast days, like you say, is
in there?
Speaker 1 (03:52):
How much? Hey have you got tod Ah?
Speaker 3 (03:55):
We just do about four hundred week conventionals just for carbs.
So yet we go back to little bit of nostalgia
and crankle it og gear out and get some bales
done and pick them up by hand and earn a
beer and yeah, see how they used to really work.
Speaker 1 (04:10):
So how are you feed levels? Looking down there? Because
you're between them the cargo and bluff can be notoriously windy,
but at the same time it can't be too bad
either too.
Speaker 3 (04:20):
Yeah, so we have we've struck a few bit of
wind and of that rain on Saturday, we've got forty
five meals, which sort of this time of the year
we caught off and skip it at the ducts in
land from the coast and saw the hugs of hawkinguis
and goes through there. So yeah, we were I suppose
what we call lucky to get that forty five meals,
and we were certainly drying out. There were knobs that
(04:41):
were starting to ground off, which as the old indicator
if we need a good old share, So we've got
that and ear crops and young glass I can bounced
out of ground and there's not too much more on
the forecast. But on the flip side, we haven't got
scorching heat to dried out and if there's winds can
dagger off and that would be a god sen feeding wise,
(05:01):
with the kios of just Yees, they are just getting
grass and kill and half in the year to day.
So we've pulled out in this supplement that's going and
the paddock and we've got some returneips which we'll start
hogging into them about the gout the twenty festival through
here for January. They should be ready. So all in
all we're not looking too bad. And yeah, win winter wise,
(05:21):
we're about a couple hundred bars off the bail camp.
We need all subjects of getting our full end and crops.
So at the moment they're looking pretty good. Yeah, as
a whole, I think we're we're sort of.
Speaker 1 (05:31):
On par remembering, of course, Steve, you have gone away
from grass wintering back to the swedes too. That's let's
spend a point of difference.
Speaker 3 (05:40):
Freacked we have. So it was last year when we
sort of got forced into it with it, I say,
wet spring, but this one was actually where we had
more mills this spring. But I sort of forced us
into thinking a bit different because we were going to
miss the cap and it gets really expensive as you
have to buy that cut of bailage in. So yep,
we're done braskas and we didn't do much grass and
bailage for the trend condition KALs which this year those
(06:02):
KOs are strictly going to do sixty days on breasacas
and then the spring up period at fourteen days prior
will be on grass and baylage. So we're going to
trial that. Obviously, using brasca it takes out a bit
of area or so you use less area for wintering
on or springing on, so the lease young grass to
go in. So therefore we've got more grass for young
(06:23):
stock and making bales now. So yeah, we'll try that
and I think it's it's more critical around that transition
period from you know, two weeks prior to calving to
get them on to grass and baylage or diet very
similar to what they'll be doing when they come into milk.
So yep, we'll try that and see how it goes.
Speaker 1 (06:38):
So how's the milk flows.
Speaker 3 (06:40):
Milk flows Yep, no records this year. We're just about
three or four percent of heather last year, which you
know is to be expected with the with the spring
we had, and we probably did bounce out a little
bit better and kel condition was better out of the spring,
you know, especially for there was a couple of weeks
yere we did we did go Okay, kat has never
(07:01):
really peaked like last year. I've played owed, yes, So no,
milk flows are very similar to last year at this
time of the year, but we did we did get
a bit more sort of November December, we've got a
bit more milk out of them. Are similar care numbers
and we've just actually gone on to teen and seven
milking as of the twenty fifth of December. So yeah,
(07:22):
we're exactly the same as last year. The milk flows
at Yeah.
Speaker 1 (07:26):
So it's been the busy season. Even though it has
been the festive season, it seems as a lot of
self and ventures. Off to glenn du Bay for the
latter half of January, yourselves, you and Tracy and the kids.
Have you had a decent break yet.
Speaker 3 (07:38):
Now we've sort of ticked around. We've got away for
a day here and a day there. But now we
go up to hear Kem to ground spye not spying
and spying, Kim grind.
Speaker 5 (07:48):
Just wan to turn this a bit.
Speaker 3 (07:49):
King families go up there, all ex Lincoln families. So
h there's about twenty odd adults and about thirty something kids.
So that's from the twentieth to the twenty seventh, and yeah,
I think it's holiday. Had to break off the farm
anyway and get the boat out and water ski and
do all those sociable things. So like most other people,
you sort of hang around now and then get away
for a week before they go back to school and
(08:09):
then yeah, into the grind of February now.
Speaker 1 (08:12):
Seven field days. You are the chair there for the
upcoming event which is eleventh to thirty to February. Big
day out there. Yesterday at way murmur that everybody was
out there doing the markouts. So once again a pretty
big but a pretty big event in the offering, isn't it?
Speaker 3 (08:28):
Here it is and it's not tool like so yesterday
when you go through, oh, you know, thirty plus kens
of spray paint to mark the corners and mark the
teas and mark the crosses where sites intercept each other,
and then all gas gets on the bis and sprays it.
So yeah, it's not to see that and see the
pigs on the ground that you go, Yep, this is
for real what's happening now, and just the scale of
it too, so yep, this is going to be as
(08:51):
big as any other year. Obviously all the sites are
sold out and sold out a couple of months ago,
and yeah, just exhibit as they are looking forward to it,
and I think the whole chef and the Tiger economy
looks full to it too. Just almost read meeting Gary
and Arable what it's doing. I think it's going to
be this season. We're a lot of maintenance gets done
and even quite a few capital purchases will be happening
(09:12):
in February.
Speaker 1 (09:13):
I'll say one thing about their bike of Garth Shanks.
By the time he's finished with it with their elaborate
setup for the markeout. I reckon you could put it
into Papa you.
Speaker 3 (09:22):
Could yeah, yeah, there's a fear bit of history on there.
And he could even sit on himself. He could be
the voice over for the air. We don't want to know.
Speaker 1 (09:30):
You tell you all about it? Can you get on
your gas Hey, we'll leave it there, Steve. Always appreciate
your time and we'll catch up in due course.
Speaker 3 (09:36):
Once again, that much appreciated. Yet if I have us
get away from January, make the most of it before
those coulds go back and yeah the old.
Speaker 5 (09:43):
February March opil.
Speaker 3 (09:44):
Maybe you'll roller in a quick so that.
Speaker 1 (09:46):
Thanks and standing Bible rule Steve Henson, Fami and our ruler.
This is the master on hok and Ui. Up next
David Frame from Craig's Investment Partners.
Speaker 2 (10:01):
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 Partners Limited Financial Advice Provider disclosure statement can
be found at craigsip dot com.
Speaker 1 (10:17):
Good morning, David Frame of Craig's Investment Partners joins us
for the first time in twenty twenty six. The Happy
New Year, Andy, Happy New Year. Any resolutions that you've
made that you've managed to break so far?
Speaker 6 (10:32):
Yeah, losing weight, which hasn't worked.
Speaker 1 (10:34):
Ye are We're going to do a bit of a
review of last year as well, Dave and think about
we'll actually look at what happened as far as stock markers,
interest rates. I mean, you look at anything and everything,
especially from a southern lens regarding financials, how would you
rank it?
Speaker 6 (10:49):
I think it was a good year overall. Now the
headlines didn't necessarily reflect that, but farming community seem a
lot better. We've got some good prices out there. I
think townsing along a lot better than it was twelve
months ago. Yeah, I'm pretty positive about the future.
Speaker 1 (11:05):
Positive being the key word there, and there's a lot
of positivity around at the moment, seeing the way that
red meat prices are staying up. There was a correction
in the GDT last week. He came up and leaps
and bounds after. I think it may have been eight declines,
so we may see. It'll be interesting what happens with
the next one term, I suppose.
Speaker 6 (11:23):
Yeah, and a lot of that's volume related and depending
on the time of year, so it bounces around. Be
nice to see the trend reverse and get the milk
price maybe a bit more stable and a bit more
towards ten bucks.
Speaker 1 (11:35):
So what was a big thing that stuck out for
you from last year's markets?
Speaker 6 (11:39):
I think the wealthy economy started rebounding really well after
the whole COVID sort of debarcle. Because we had cheap
money in twenty twenty twenty one, people spend a lot
of money. Inflation shot through the roof, and then interest
rates shot through the roof. People lost confidence. Where last
year interest rates came down. So we saw world markets
(12:02):
going up sort of around twenty percent. Some areas like
Europe went up twenty five percent. So we saw investment
returns for sort of balanced investors of maybe eight to
ten percent for the year, which is good, really good.
Speaker 1 (12:16):
Interesting the way the Kiwi dollars been bouncing around.
Speaker 6 (12:19):
Yeah, and it's looking pretty sad at the moment. It's
the lowest I've seen against the Aussie for ages. I'm
heading overseas for a holiday in a few months time
and I won't be getting as much for my buck,
so a lot of people think we should rebound because
our economy is rebounding. So we'll have to see how
it goes through the year. But it's certainly in a
(12:40):
sad spot right now.
Speaker 1 (12:41):
Yeah, eighty six cent, it's not that long ago. It
was in the nineties.
Speaker 6 (12:44):
Yeah, I think it was sort of mid nineties, maybe
halfway through last year. The only positive from that is
that the exporters should be able to sell their goods
for more than Kiwi dollars.
Speaker 1 (12:55):
There's always a silver lining to something. That was the
one thing I was going to say. The export prices
at the moment are good and this would be the driver.
Speaker 6 (13:02):
Yes, yeah, which is good. We need that sort of
tailwind when the domestic economy is suffering a bit.
Speaker 1 (13:07):
Yes, So we look at the year that's ahead of
US interest rates and the likes, what are we going
to get?
Speaker 6 (13:14):
Well, I believe interest rates might have bottomed out, So
we'll have to see how the economy goes. But the
Reserve Bank seems to think they've done most of the work.
Not too sure if they'll head up again by the
end of the year. But if the economy starts cranking
again and it's taking a while, then we might see
(13:35):
rates start tracking up. The other wild card and there
is inflation, which is sort of under control but sort
of not so the Reserve Bank. If inflation goes up,
they might just step in and put interest rates up
a little bit too.
Speaker 1 (13:49):
Oh, Cia, what are we going to see? What are
you seeing through your crystal ball that you look at.
Speaker 6 (13:54):
We would say that there might be increases late later
this year, so that will flow into interest rates increasing
as well. So what's driving that, Well, really it's inflation,
and if there are pockets of the economy that actually
starts surging, they'll try to temper that. So inflation is
(14:14):
the real threat, and we saw that probably three years ago.
Remember farm prices. I think inflation on farm was up
seventeen eighteen percent in a year, which is horrendous and
very difficult to deal with. So the reserve being will
crank the ocr and in turn interest rates if they
think there's a risk of that returning.
Speaker 1 (14:32):
Well, we should be close to seeing positives in the
economy as well. I mean, well, the government's telling us
time and again that this is going to be the
year twenty twenty six. We're telling us late last year anyway,
they were going to see a bit of a turnaround
in the Kiwi economy, and it's long over due. And
the COVID area you think about that a long time ago,
now years five years plus six years for goodness sake,
(14:54):
but we just got to start standing on our feet
as a nation. Though. When it comes to money, yes.
Speaker 6 (14:59):
Yes, And I think lower interest rates for those that
with mortgages will help because a lot of those households
will have more to spend up the main street on restaurants, bars, cafes, clothes, cars, TVs. Everything.
So if people start spending more, then money will start
flowing around. Businesses will make more, people will feel more
(15:21):
secure in their jobs, and then in turn the economy
should get some traction.
Speaker 1 (15:26):
Look, there's a lot of big things happening in Gore
as well. To put a local sense on it. We've
got Southern Field Days coming up, Steve Henson on the
show before it's going to go gangbusters. We've got this
big multi multi athlete event happening at the end of February.
Amongst other things. You've got the hockey Doy Moonshiners run
once again. I mean, there's a lot of stuff happening
in town, and there's going to be a real vibe
(15:48):
in February, I'd say through that throughout the area.
Speaker 6 (15:51):
Yes, yeah, I agree too. And there's stuff like a
mountain bike event down south this weekend. I think there's
a triathlon on in town.
Speaker 1 (16:00):
At Monroe and you've got people coming and going.
Speaker 6 (16:02):
Yeah, it's a good positive time a year because people
are more active, the sun shining, they're a bit more chipper,
so and if there's money flowing through the economy, that
positivity can continue into winter.
Speaker 7 (16:13):
Right.
Speaker 1 (16:13):
This is election, Yeah, this is where the pro wrestling
terminologies come out and we go back to nineteen ninety
two with the holster of Macho Man and Winston Peters
and Christopher Luxon and Chris Atkins everybody else and trying
to see how our government is going to be made up.
It's interesting. There will be a change in dynamics with
the government.
Speaker 6 (16:31):
I'm picking Yes, I think it will largely depend on
the economy and whether the average household thinks they're better
off in the National or maybe Labor and then the coalition,
the dynamics of our government will will act and New
Zealand first get more votes off National. Will there be
a bit of a swing and an arm wrestle over
(16:52):
that coalition agreement.
Speaker 1 (16:54):
Down the track.
Speaker 6 (16:55):
It could be closer than we think, and it's early days,
not convinced. We have the most charismatic leaders out there
with the best conviction for the voters, so there's a
lot of ground for them to make up over the
coming months and then there'll be a lolly scramble and
a bonfight.
Speaker 1 (17:11):
At election time.
Speaker 6 (17:12):
And then ideally we don't have to wait too long
to know what sort of coalition has been formed because
undoubtedly those main parties National and Labor would have to
rely on others to get across the line.
Speaker 1 (17:24):
Look, I listened to Winston Peters on the radio this morning.
He's full on campaigning mode already, and he has been
since he lost, well since he stepped down from being
Vice prime Minister Deputy prime minister.
Speaker 6 (17:36):
And that's the time he's most vocal with then, isn't it.
It's it's campaigning time and he knows how to play
the game extremely well.
Speaker 1 (17:44):
Interesting times, David at Craig's Investment Partners, how do people
get in touch?
Speaker 6 (17:48):
Well, you can pop into our new office which is
one Ierk Street opposite the New World and Gore, or
you can check us out online craigsip dot com.
Speaker 1 (17:57):
Good on your David chat again, Thanks very much to
do that. David Frame of Craig's investment partners here in Or.
You're listening to the Muster, Don, Howie Morrison, Willebank Farmer.
He's up next.
Speaker 3 (18:10):
Same country Boy You've got John Away.
Speaker 1 (18:21):
Gwen Campbell is the artist that song. There, country Boy,
You've got your feet in La, but your mine's in Tennessee.
This is a muster. Don Morrison, Willowbank Farmer joins us next.
Good afternoon, Howie, and welcome to the Muster.
Speaker 8 (18:35):
I killed her. Andy, are nice to be back in
twenty twenty six? And maybe that's your theme song, is it? Andy?
You know country boy at heart now living the high
rolling life.
Speaker 1 (18:45):
I wouldn't really call it the high rolling life when
you're living in Gore, but nonetheless it's seven years now
we've been here.
Speaker 8 (18:51):
Yeah, I know, no good opening anyway, Andy, So note
and you had a good break for Christmas New Year,
I'm hoping Yeah, it.
Speaker 1 (18:59):
Was a really good Brak got away and up to
fund them for a while, went up to Centraltago for
a couple of days and went to some pretty cool places. Actually,
we went deep boating on Lake Horoco, which was I'd
call it something that every south from the nice to do.
It's fantastic going right through there into the Eugefovo straight.
So that was really really neat.
Speaker 8 (19:18):
Hey, a little bit ironic. Dy you said, you know,
you live in Gore. You don't call that living the
high life. But when you look at everything we can
do when you live in a province like this, hey,
I reckon, we are living the high lights. You know,
when you go away to the coast of lakes, the rivers,
the Ordland, you know it's all there, isn't it.
Speaker 1 (19:34):
Yeah, it's the understated Southern persona. But we have everything
at their doorstep. And you know you do appreciate what
you've got, especially if you have traveled as well. How
that's the beauty of it, I suppose.
Speaker 8 (19:45):
Yeah, Well, I'm living on the farm, and I reckon,
I'm living the high life on the farm Indy because
loving being a sheep farmer at the moment. But but
just you know the pricing we're getting for a red
mate man, that's bndicate TWI. A lot of us have
stayed with sheep. Look at it's still early and can
we get some seasons of it, but let's enjoy it
for the moment.
Speaker 1 (20:04):
Yeah, what's your thinking they're in the long term? Of course,
you've just finished the stand as an Alliance board director,
do you have a lot of faith in the industry
that this price isn't going to plateau downwards? We're going
to see a bit of a Manhattan skyline where it
just evens itself up out towards the top end.
Speaker 8 (20:21):
You'd have to hold your breath and say it's going
to continue, you know, to the heights that we are
at the moment. But maybe there's a bit of a NewsPad.
I actually can't see the sheep meat price correcting until
we get a movement in the bee price, because it's
really probably that red meat beef price that helps undercook
that land by and then you know they're looking good
(20:42):
good for that beef price a good number of years out.
So I look a fee bit of optimism Andy.
Speaker 1 (20:47):
Yeah, No, it's interesting how we normally want to speak
to you around this. You're playing with a bit more
of a straight bed and just saying it's a month,
it's a week by week proposition. So to hear that
coming from your mouth as well, mate, it's a good thing.
Speaker 8 (20:59):
Well, I'll actually spoke to one of the sneer guy
I've been in contact with for many years when I
was at Alliance and he called an over over the
new year from Europe, and you know, he was really optimistic.
So you know, normally those guys are the ones that
you sort of can take a bit of a reading off.
And it was he that said, look, as long as
that beef price continues strongly, you know we're going to
(21:19):
have some good lamb prices. So you know he's he's
got more market knowledge than I have sold, certainly to
further harm.
Speaker 1 (21:26):
So what's the correlation between the beef price to the
lamb price.
Speaker 8 (21:30):
Well, it's it's your red meat as a as a
protein option, Andy. So when you've got that, and given
that the beef consumption in the world is far more
than the lamb consumption, that there's basically that correlation between
the two. And you know, of beep of beef as
beef was to take a hat, then you would certainly
see your GOP and the lamb price. So you know
(21:52):
you work at dversity that way. When beef is up,
you can expect some positive LAMB piceons.
Speaker 1 (21:58):
So we can expect the same with Venus and post.
To look at the other side of read.
Speaker 8 (22:01):
Meat, Venison, I guess is slightly more niche because you're
only playing in certain markets, so it's it's always been
big in those ben Alaps countries of Europe where it
are aligned with their game season being what we're seeing
was Venison has increased exposure of the product, understanding it
and certainly the UK and the US market, so you're
(22:22):
seeing you know, bigger, bigger Venison sales there, which is
I guess what's going to help that prize.
Speaker 1 (22:29):
And of course Willy Visa finishing up as chief as
chief executive of Alliance as well, Howie, how will he
be viewed in your eyes?
Speaker 8 (22:39):
I think game changing for what Alliance was able to
do to turn its operating and it's operating efficiencies and
its profit lines around. And you know, the utmost respects
for Billy and actually the team that he was able
to put together and the work ethic that he got
out of that team, So you know, I understand and
(23:00):
you know, look, he may want to move on to
different things now that he's achieved what he set out
to achieve, but certainly the utmost respect and they'll have to,
you know, just find someone good to follow in his shoes.
Speaker 1 (23:11):
Yeah, it's good to see the red meat industry in
a good place at the moment. So you're weaning light
on the farm this year, is that right?
Speaker 8 (23:18):
We've done up the last few years. Andy, We wean
or the SuDS sheep early and try and trade a
bit more feed. But we take the commercials through to
Curl about this time, and what we're finding is we're
getting considerably more lambs off the face by the end
of January than we would have. So look the ones
we're weaning today, I think the huge majority of them
(23:41):
are going to go. So it will release a bit
of face for some feed. Now it's put a bit
of pressure on it being a slow spring and then
and then a bit slow row, But in terms of
the net result, it's the sort of the program we're
running with now.
Speaker 1 (23:55):
So the US haven't had a bit of a check
given the lambs have been on as long as they have.
Speaker 8 (24:00):
Youse are actually looking really good. Andy. It is a
block of the farm that you know that we expected
to do this, So the pressure might have been a
little bit lighter, lighter. I should say we've actually weaned
all the singles. All the singles were weaned first year, sorry,
first week after New Year. But the majority of the
sheep are coursing multiples. We're holding off now and they
(24:20):
just had a little more scope with what they had.
Speaker 1 (24:23):
So how would you describe your feed at the moment?
Speaker 8 (24:26):
Short, very short, endy. But we got some specialist crops
and got quite a big area of red clover and
which is a new a new crop this year for
lamb fattening and ref no and summer turnips, which is
still the kick in. The red flover has been a
bit slow, so we're just counting on, you know when
when that's actually going to kick in. So we've we've
(24:48):
tried to cover that shortage with some specialist lamb feed crop.
Speaker 1 (24:52):
See not really panicking about the feed as such. I
mean this is January January after all, which is traditionally dry.
Speaker 8 (24:59):
Yeah, look at is what it is, Andy and getting
a big number of lambs off has actually probably been
the best thing we could do because it's gonna upter
this week. We got some away last week, some more
away early this week, and then I think we're going
to get a big draft now, so that's ease the pressure.
Speaker 1 (25:16):
Hey, just to wrap up, we'll talk of it a
Landers Dylan Pledger. He's been ruled out of Super Rugby,
arguably out for the season. That's a big hit for
the franchise.
Speaker 8 (25:25):
Yeah, undoubtedly, as chatting with Lockey about it yesterday. And
I believe sin Hurley's out for a period too, is he. Yeah,
so I've heard they don't quote me on that. That
was just the gossip I've heard so allegedly, Hey, you
don't have that big depth in the Highlanders, so certainly
it's a big loss when some of their key guys are,
(25:48):
you know, out of play.
Speaker 1 (25:49):
Fill our tavoras he backed this yet.
Speaker 8 (25:52):
I think he's back in the squad. I'm not a lock.
He's right here. He's my go to man when I
need a bit of bit of confirmation. I'm pretty sure
fucking Harper's back. So they've certainly got one. Well, you know,
it was great the depth that we're going to have
in that position.
Speaker 1 (26:07):
Yeah, well it's only a month away in Super Rugby's
here dear or say it how we Hey, will let
you get back to it. You're probably get on the
hand piece or something like that, So I won't hold
you up. Always good to jet No, really good Andy,
talk to you next time. Don Morrison farming out there
at willow Beck. You're listening to the muster on Hakka
Nui Jared stop him from darien Z. He's on next.
Speaker 9 (26:29):
London job man.
Speaker 2 (26:31):
The lights shine in on me, Michael Stark.
Speaker 1 (26:38):
Now, welcome back, This says the muster on Hakka Nuie.
Jared Stockman of darien Zi joins us for the first
time this year. Get a Jared and welcome once again.
Speaker 7 (26:56):
Hey going Andy, great to be back and the happy
New Years during.
Speaker 1 (26:59):
The listeners, Did you manage a bit of a break?
Speaker 7 (27:02):
Yeah I did, mate, got home, catch up with mum
and Dad and Tadanaki in Stretford, so yeah, good to
be back up home again. And yeah, but of fishing
in the Marlborough Sounds.
Speaker 1 (27:14):
Which was just awesome, sounds horrible.
Speaker 7 (27:17):
Oh it's tough, mate, it's tough, but yeah, managed to
get through it.
Speaker 1 (27:21):
Okay, that's amazing. And that's what January is about. The
Christmas season and a lot of farmers just taking holidays
later on the month and that's just the way it works,
I suppose.
Speaker 7 (27:30):
Yeah, exactly, you know, school holidays and look as grape
to get out great suit farmers getting a bit of
a break. She's been a busy old, busy old first
part of the season. So yeah, well deserved and yeah,
wish them all the best and hopefully had nice and
safe holidays.
Speaker 1 (27:50):
It's been a hit a couple of months, that's for sure. Okay,
Jared with Derry and z what's what's been happening? Or
I suppose just easing into the year what's on the
horizon's probably a better way to deem it.
Speaker 7 (28:00):
Yeah, a few things, Andy got some got some really
good events coming up early February. Our technology events, so
it's technology feature fit Farming got three events, third, fourth
and stiff in South and West Otaga. And we've got
doctor Stacey Hendrix, one of our animal health team down
(28:25):
looking at wearaballs and rumination data and things like that.
So really just trying to get the best out of
your on farm technology in terms of wearables and stuff
and also what's next on the on the horizon. So
there'll be really good events to keep an eye at
for get along from efty ten So yeah, really encourage
(28:48):
a farmers to get along to those We've got obviously
field days coming up, which will be great done in
the eleventh February, so we'll have a sight there. And
also that just kind of prempts the start of their
levy vote which comes around every six six years, so
(29:09):
may message there is just really encourage farmers to to
make sure their vote is counted. So we just want
all of their farmers to vote, you know, during that process.
What else the dyg on of course the optimistic season
I reckon GDT rise was I guess the quantum of
(29:33):
rise was a bit of surprise, but I think that
just you know, gives us some really good, cautious optimism
for the balance of the season, and you know, made
messages just for farmers to keep an eye on what
they COSTA.
Speaker 1 (29:48):
Is this the year that we see technology come to
the four properly in the dairy industry or is it
a bit blase to say that considering where we've come
over the past couple of years.
Speaker 7 (29:59):
I think, Look, I think it's just going to be
an absolute continuum. There is so much technology out there.
You know, last year we had a scientist out of
the US talking about you know, AI drones, body conditioning,
scoring from heights. So I think there's more to come,
(30:23):
but but I think, you know, the key is making
sure that if you're investing in technology, is what's the
return that you're getting and are you using it, you know,
as effectively as you can? And I think that's really
the key. So it's all very well to have it,
but you've got to use it. And I think we're
living in a data driven society now, so I think
(30:48):
data is becoming more and more prevalent in farming and
the people that are using it, you using it best,
are getting the maximum advantage in terms of their operation.
So I think there's more to come, to be honest,
but I think the next sort of two to three
years will we really fascinating to see where we where
(31:08):
we land now.
Speaker 1 (31:10):
Regarding the living the levy vote, could you elaborate on
that a little bit more.
Speaker 7 (31:15):
Yeah, So, look, every six years, farmers are obviously given
the opportunity to vote on whether they continue the levy,
which you know as as funds or science and research
and advocacy and regional extension and partner programs and events
(31:37):
and things like that. So yeah, something that comes around
every six years, and you know what we're really really
focused on is just getting farmers to vote. And so
we don't kind of want people to put the voting
papers in the in the top drawer and forget about them,
or you know, not not not vote via electronic means
(32:01):
there'll be two forms of voting postal and obviously electronics.
So yeah, we just just really keen to get our
air farmers to vote in their process, same.
Speaker 1 (32:13):
Old story, you don't vote, you can't complain.
Speaker 7 (32:16):
Yeah, And I guess that's you know, you know, for
us here in Southland, I'm kind of still only six
or seven months and I guess farmer feedback is just
so important and you know, that's what we encourage. That's
what we're encouraging our farmers to get out to you know,
the events that we put on and actually give us
(32:36):
some feedback because you know, are these events telling the
right mark? You know, what can we do better and
stuff like that, and that's the you know, for me,
that's the real goal is you know, what what do
our farmers want? How can we deliver really get high
value for their investment in the living And so that's
something that you know, will be working on really hard
(32:57):
over the next twelve months. To just get more feedback
from farmers, make sure that our events are having the
market and really trying to their value to their businesses.
Speaker 1 (33:06):
And like you say, Southern Field Days happening in this
and the first couple of weeks if you read this
is a fantastic even as well.
Speaker 7 (33:12):
Jared, Yeah, it's awesome and look you know, and actually
it's only every two years, but Southern raally punches above
its weight in this event. And you know most farmers
want to speak to go or one day. It's just
not enough, you know, it's a couple of days. And yeah,
we're really excited. We've got managed to get Kemboy, we're
(33:36):
CEO down for a day or two in ken Henderson,
want of our directors and in both them just you know,
love coming to Southland and love talking south and farmers.
So you're really excited to see what's on offer. And yeah,
I imagine there'll be there'll be another big event and
three days a week and weather it'll be awesome. When
(33:57):
it's record crowds, it be amazing.
Speaker 1 (34:00):
Good on your Jared chat again mate Maas and Jared
Stockman of Derry en Z before we wrap up on
a Wednesday, afternoon, Terry Collins from the AA talking fuel
prices in the South, the stars, I clean my gun
(34:28):
and dream of Gow the st Welcome back to the muster. Now,
before we wrap up, this is going to be a
really interesting chat. Terry Collins is Principal Policy advisor for
the AA. He's on the line, and you may have
noticed fuel down here in the South is pretty cheap
compared to arguably a lot of the rest of the country.
(34:51):
We can talk about the South service stations, how they've
come into the mainstream pretty much over the past four
or five years. But what exactly is it about the
South it gives us these prices for fuels and what's
going to happen over the next year or so. Terry,
thanks for joining us on the Master's great Andy.
Speaker 5 (35:08):
Good to be here.
Speaker 1 (35:09):
Firstly, why is Gore arguably a hotbed for fuel prices?
Speaker 5 (35:15):
One word competition? What's happened over the last few years.
A decade ago, maybe two, we had something known as
the Gull effect, and that was a model, low cost
model with a pump, a bows, a card reader, nobody
on site, and some lights and they had low overheads.
What they started getting tractioned in the market, and then
MPD came along. Why Tomo came along, some of the
(35:37):
big guys like zok rechanged the logos as you go.
VPM mobile are now doing other sites that it does
following it model. So what that model is is they
reduced the costs as much as possible to deliver it
to you, and they rely upon volume, small margin, big volume.
That creates competition because that's fighting with everybody in your
(35:58):
area to get my fill up when you go to
the service station. And they're doing that by off on
the cheaper posts.
Speaker 1 (36:05):
Because off the top of the head, we've got at
least five self service fuel stations and Gore two of
the big boys who are big players in there as
such as well. So this will pretty much be the
reason around that, I suppose very much.
Speaker 5 (36:18):
And everybody's copying the model. Turns out, funnily enough, we
all like buying cheap fill. No, it's a fully homogeneous product,
doesn't really matter who makes it. It still powers our
car the same way, and so what you can lie
upon if you've got a similar standard of fuel, nearly
the big determinate is the price you pay for it.
Speaker 1 (36:35):
So this proposed merger between Gallon MPD. For example, if
it goes through they've got separate stations here in Gore.
Is that going to have any effect at all?
Speaker 5 (36:44):
The Commerce Commission will look at the locality of those stores.
There are a couple of round We've got one and
ceeb and Wellington with the two of them are together,
and what they'll try to do is divest themselves and
perhaps one of them that maybe what they call requirement
so that they don't have it and immediately the same area.
But potentially it makes common census kind of merger. What
(37:05):
happened was Goal was owned by an investment company that
they had to sell it when Z bought. Z was
purchased by Ampol, which was Celtic's Australia and if they
hadn't sold the Goal, they were to have over fifty
one percent in the market and the Commerce Commission wasn't
going to avalot, so they had to sell Goal. Investment
company brought it there in the business and making the
(37:28):
investments MPD. He has a fifty year old south Whileign
company with a long experience of running petrol ones. So
you've got a relatively sharp management teams. You've got all
the logistics mainly in the south for MPD and mainly
in the north of Goal. You've got timor oial services
or the depoting in Tenarufa MPD and you've got the
depoting and mount for Goal. Also when they sold Goal,
(37:51):
they had a five year contract to have well supplied
to him from Ampole Australia. That's halfway through that contract.
So combining these two small companies into a larger companies
means they have more buying power in the Singapore binaries,
so they can get cheaper fuel. They'll have a lower
overheads picture as well to use the logistics and trucking
(38:11):
and their storage units more efficiently, and hopefully all those
savings that we're going to make gets passed on to
us with the notice.
Speaker 1 (38:17):
Terry, would you say there's still room in the market
for smaller players, independent players to come into the fuel game.
Speaker 5 (38:24):
I think there's not a barrier to entry. I think basically,
if you can secure your fuel source, there's actually building
and the resource content for the service station, they're not
particularly difficult. The technology is there. It's a card reader,
it's the bousands which we've been making for years and
just connecting all and making it easy to use.
Speaker 1 (38:44):
Regarding the price of fuel is a geographic location that
effectively makes New Zealand to captive market heads are pricing well.
Speaker 5 (38:51):
What we find when we look at all the analysis
of the fuel is that we get variances price within
regions and between regions, and really it just comes down
to that common tition and what day of the week
or so you bought it. So you could talk about
an average price, we really no such thing because they
very up and down. But if you added them all up,
you would get an average. What the companies do on
certain days of the week. They offer good discounts and
(39:13):
gulets on Tuesdays and so what you can to find
is that Monday, Tuesday cheap fuel, Tuesday Wednesday cheap fuel.
But then the prices wouldn't they go up, but they
go back to the original level over the weekend because
we know that we've got the weekend off of might
turn the boat up and take the car out, do
all those other things. So they know that market, that
sustainable volume is going to be there over the days.
(39:35):
It's only those other quieter days in the beginning of
the week they offer a good discount. So if you
want to fill up the pace to fill up. Look
around on those earlier parts of the week, around Tuesday
and Tuesday, those kind of days, and they usually the
best price office.
Speaker 1 (39:47):
As far as the conflicts that are carrying around the world,
how much does that impact on air pricing.
Speaker 5 (39:53):
It can. We saw it was the Russian Ukrainian one,
but remember Russia was the third largest will producer at time,
and so that we had a beg impact. We didn't
see the same with this master attack on Israel because
neither was a oil producer. The current issue around Venezuela.
Venezuela has got the world's largest oil reserves, but they
(40:13):
can't really turn on production that their production has been
declined about a third of what they did a decade ago.
They put out least in a million barrels a day
and will demand right now is about one hundred and
two millions, So they were an insignificant player. The last
couple of days, I've seen the price of international oil
go up because of the Chess meeting from Trump. With
Iran around as an oil supplier, and so the kind
(40:35):
of the gamblers in the market so to speak, have
just been pricing in a little bit of risk around that.
We've got plenty of oil out there in the world.
There's no shortage of it, and so these prices rarely,
we hope in particularly in the stress quarter of twenty
twenty six, will be about what they are here. They
shouldn't go.
Speaker 1 (40:54):
Up, so it should stay pretty relative to where we are.
Because considering what's happened with Venezuela and Donald Trump saying
he's taking over the oil reserves and the likes for
the interim anyway, we're not going to see much of
a rebound of markets around the world because that was
a big concern.
Speaker 5 (41:09):
No, not particularly. Look at the other thing about that
Venezuela world. That's what's known as heavy and seer, so
it's got a lot of sulfur in it, and you
a tax of specialized refinery to crack it. They have
those refineries a bit fire them around Louisiana and Texas.
The US optimized their ones, so it will be handy
and benefit globally. We'll do globally. We'll be had a
(41:31):
bit of a tight supply around diesel. Hopefully that will
put more diesel on the market and drop the paces
of the diesel a little bit.
Speaker 1 (41:38):
As far as Marsden Point refinery closing. What impact has
that had.
Speaker 5 (41:43):
It's had none really what it's took away some of
our security of supply, But we were never refining New Zealand.
Will we produce a world which is called light and sweet.
It's good for making gasoline and it doesn't have much
sulfur which makes it a really handy fell and we
were seeing it to refineries in Australia, if not to
(42:03):
Marsden Point because Marsden Point was optimized to refine a
heavier type of crude. Now all we're doing is going
up to Singapore Koreanne of the Asian refineries and saying
here's the specification of their fuel. Who can give you
the best price?
Speaker 1 (42:18):
So regarding the fuel that's supplied by the companies is
not a lot of you know, they talk about the
quality of the fuel certain players being better than others.
Is that just a myth?
Speaker 5 (42:28):
Yeah? Look, there's a little is about two cents libert
less than two cents called the engine oil monetary levy,
and that goes towards trading standards. I used to be
a trading standards officer, so I know this one for
many years. And they go out and they sample the fuel,
and every sample I've seen so far that the publicly
disclosed usually means the octane level of the fuel is
(42:49):
greater than what it's been disclosed.
Speaker 1 (42:52):
Now, interesting insight there, Terry. Thanks for your time. And
like we say, you just got to go into your
due diligence and find out in these fuel the price
is a curve because, like you say, the starting near
the end of the week is when you're going to
find them, right.
Speaker 5 (43:04):
Yeah, and I'll just get the right fuel for the car.
You've got a high compression modern so you it pasted
us to sleep because you need it for the high compression.
So yeah, vehicle does it knock. Other than that, there's
not a lot of caloric values, a lot of energy,
but difference between the two it's only around what your
compression d is the car is what fuel you should
be using. The supers are a bit cleaner, they've got
a detergent in it, so they'll run it, but realistically
the standards all the same. The fuel is pretty much
(43:26):
the same. And unless you've got a classic car which
fifty sixty years old or something where you might need
to run an editor because of the valve steams they
used to put mead in petrol to lubricate and that
used to have the byproduct and municating the valves. That's
about the only thing to worry about.
Speaker 1 (43:41):
There's plenty of those vehicles running around. Good Terry Collins,
AA Principal Policy Advisor, Thanks very much for your time
on the Master.
Speaker 5 (43:48):
Thanks y, have a good day now.
Speaker 8 (43:53):
This laugh out loud with ag proud because life on
the land can be a laughing matter. Brought to us
a sheer well data working to help the livestock farmer.
Speaker 1 (44:03):
Why is bacon called bacon and cookies called cookies? When
you cook bacon and baked cookies, clean my gun? Something
to ponder this afternoon. That's us over and done with.
My name's Andy Muer. This has been the muster on
hock and Nuiche's to Peter's genetics. Joy the Afternoon podcast
going up shortly see it tomorrow one o'clock.
Speaker 8 (44:28):
Hey, well, all right, too heavy go there and what
did he go on again?
Speaker 1 (44:30):
For PGG Rice and presents stock selling action that occurred
at the bow Cloth of sale yards this morning. We've
got Mark Colder on the line to give us a
rundown on prices. Get a Mark, Happy New Year. And
all that.
Speaker 9 (44:41):
How do we go get same to you?
Speaker 4 (44:44):
Yeah, no, we're a really good today. We had a
really good good yarding today with a bit a thousand
forum lambs and about four thousand stall ends and everything
sold and sold well indeed, so getting into it. So
the prime lambs still really strong turn of thirty dollars,
medium turn tw and the last room were one sixty
one eighty get into the US are still strong demand
(45:04):
for some works. Who's there which is really showing with
two hundred and thirty dollars to two hundred, one hundred
and eighty to two hundred forty mediums and your lightery
News or in ninety one hundred and thirty.
Speaker 9 (45:13):
The stores they sold real well where I was needed.
Speaker 10 (45:16):
Store lambs with penty penny of attention in them. The
tops they were one sixty five one hundred and forty dollars,
the mediums were one forty one twenty and tail in
just the laiter born lambs or one hundred, one hundred
and ten dollars.
Speaker 9 (45:28):
So in a very very great yard in there and
some very happy people. Just a reminder, we've got a
two to fear coming up on the thirtieth to January
and our next kettle sales are twenty eight, so get
in touch with the local agent and perhaps he is
all there.
Speaker 1 (45:42):
You are at the act
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