Episode Transcript
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Speaker 1 (00:08):
Welcome back to the muster on Hocke We Mark Patterson
as Minister of Rural Communities. Here's the Associate Minister for Agriculture.
He's on the ground up at Mystery Creek Field Days,
the National Field Days.
Speaker 2 (00:20):
Mark.
Speaker 1 (00:20):
Good afternoon. A lot of positives for the rural sector
going by the Safe Sophie Report. Sapie report out this
morning after Andy.
Speaker 2 (00:28):
Yeah, look really positive. Up another couple of billion from
what we were predicting at Christmas time the last time
we updated this, so I got a bit of background
noise there, sorry, but yeah, that really positive. The odd
billion dollars billion dollars meta.
Speaker 1 (00:48):
This will be expected though, Mark, given that the industry
is still thriving with the prices.
Speaker 2 (00:54):
Yeah, yeah, not unexpected. You know that rare real event,
isn't it. Where We've had a great growing season and
a really strong commodity pricess so you know, we'll take
that any day long. But the Ford projections are also
still pretty strong, so we're not expecting this to be
(01:14):
a bloop. We're expecting this to be maintained, and you know,
the forward projections are pretty pretty solid too well.
Speaker 1 (01:22):
For the end of the month. It's projected to be
sixty four point three billion dollars and going up by
twenty thirty to seventy point one billion dollars. So that's
some healthy figures.
Speaker 2 (01:34):
Yeah, and really important for New Zealand. Like you know,
once again rural communities are farming sectors dragging us out
of a hole. So you know, we're really grateful for that.
It couldn't have come at a bit of time for
the economy as a whole. And everyone in New Zealand.
Speaker 1 (01:49):
Now dairy export up five meat and wall at fourteen
will come back to that. Horticulture revenue up seven, process
food and other products even up five percent as well.
But the key figure there for me is seeing the
will export too because we had the sale and christ
Church Care today sounds like that was another good news
story for the industry, but the sector needed it too.
Speaker 2 (02:10):
Yeah. Yeah, we're playing a bit of catch. But I've
just come out of the PGY rights and tents and
they tell me the options up eight percent today after
being up six percent unreal last week. So we should
have blown through that seven dollars for the strong wall indicator,
and of course those top fleeces they must be you'd
have to think they'll be pushing up towards eight bucks
(02:32):
kilo if it's percent on last week. So really positive news.
So yeah, it's for those that have filed in, you know,
it's well deserved.
Speaker 1 (02:44):
I've talked to a couple of farmers though, they're expressing
a bit of concerns, saying we just need to be
realistic around red meat at the moment because they've been
burnt in the past. Or is this just a different
era and we're finally seeing these prices stay pretty buoyant.
Speaker 2 (02:58):
I think it's a different era a little bit. I
know what they're saying. I mean, we've seen these you know,
these things do go in cycles. But I think the
fundamentals that's you know, not only is it a lack
of supply you know, around the world, but actually growing
demand and there's a few different drivers. At the moment.
These weight loss drugs seem to be having an impact
(03:20):
in terms of the need high protein diets, more nutrient
dense diets for the food they are eating, so people
on those drugs, so that seems to be a big
macro trend that's emerged that's underpinning the red meat. So,
you know, however, we get it. I don't really care.
It's great news.
Speaker 1 (03:40):
The terriffs of the US, this new rounded terriffs of
twelve point five percent possibly higher. Is that a concern
and more hot air?
Speaker 2 (03:49):
Oh? Look, it is a wee bit of a concern.
You know. It's just an uncertain world out there, and
that's certainly a bit of theme coming through the Field Days.
The mood is fantastic, but it's just that little bit
of caution as they're hearing these stories, whether it be tariffs,
whether it be you know, the fuel situation and the geopolitics.
So you know, we can't pretend that that doesn't have
(04:09):
a bit of an impact on confidence. But certainly we're
writing writing through it pretty good at the moment.
Speaker 1 (04:15):
Riley Kennedy of Business Desk said, a lot of overseas
envoys at Field Days this year. When you're talking to
these voys, Mark, what are they saying about the event
in New Zealand in general?
Speaker 2 (04:26):
I think they're blowing away by it. I mean, as
anyone that's been here will know just the scale of it.
And I think that's always the impressive thing, the bread
and scale. You know, when agriculture comes together and horticulture
You know, sometimes when you chipping away on your own
farm or your own rural business, it's hard to conceptualize
(04:47):
you're part of such a major, major industry and you
know it all comes together here at field Days like
it does it by murmur and you get that sense
of just how big and powerful it is. Think in
a New Zealand context and indeed in an international context,
as you'll loose.
Speaker 1 (05:05):
Just finally mark Mystery Creek field Days as an event
that seems to get bigger by the year. How would
you describe it to previous field days?
Speaker 2 (05:13):
Oh? Look, the crowds are shoulder to shoulder today. The
mood is just brilliant. It really is. What I'm hearing
from some of the exhibitors, say the banks as well.
Just still a degree of caution around some of the
big expenditure, you know, for some of the reasons we
just talked about before, but certainly in terms of your
(05:35):
general inputs your fertilizer and your fencing and all that.
You know, there's a lot of investment going go back
into farms, which is great news. They're either going to
have you're going to have to spend it on your
own property, or you're going to have to give it
to us and PAX, and I know that that's to
be a very secondary aim for most farmers. So yeah,
we're hoping they invest it back in their businesses.
Speaker 1 (05:54):
Are you seeing many labor or green empeas around on site?
Speaker 2 (05:58):
A rare breed every Andy, Yeah, I know that's been
a bit conspicuous by their agents. There is one or
two plating around, to be fear, but I don't know
they've got a stand which is a wee bit surprising,
and you know, particularly giving it selection here.
Speaker 1 (06:13):
Hey, good on you, Mark. We appreciate your time on
the muster, especially at short notice. You enjoy Mystery Creek.
Speaker 2 (06:18):
Thanks Andy, Thanks everyone, Mark Patterson.
Speaker 1 (06:23):
Great news coming out there, irrigating the figures with what
the rural sector is doing for the New Zealand economy,
but we all know that right. Great to catch up
with the minister at short notice. Rachelle Smith's up next
on the beef and lambslot.