November 11, 2025 • 7 mins
Michela McHutchon looks at finances and how they are can work during weather affected seasons.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
You needs knowledge.
Speaker 2 (00:07):
The welcome back to the muster. Michael McCutcheon joins us next.
He is Rabobank's Southland Area manager. Of course, we've teamed
up the South and Rural Support Trust here on the
Muster in conjunction with Community Trusts South just to speak
to people from different parts of the rural sector after
(00:29):
the wind events that occurred just about three weeks ago. Gosh,
where's that time gone? Anyway, Michael's going to give us
a bit of an indication from a banking perspective about
looking at the current situation as well and just from
a monetary viewpoint what you need to be thinking about. Michael,
great to chat on the muster. I appreciate your time.
Speaker 1 (00:47):
Thanks Eddie. It's good to touch base and good to
make sure all of our farming community is well supported.
Speaker 2 (00:56):
And that's the big thing we Look, what is it
just about twenty one days ago since the winds occurred
down here in the Deep South which were catastrophic for
a lot of people in more ways than one. From
what you're seeing there from a banking perspective, how's the
situation unfolded?
Speaker 1 (01:11):
Yeah, look, well the situation varies. You know, there's a
lot of people that have that have already been in
a tidy up mode and got their clean up done
with within days after the event, and there's some that
are in a situation where it's going to take well
over twelve months before they actually get a decent cleanup
given the effect on you know, not only shout bouts
(01:31):
but infrastructure as well. So you know, the good thing
is the community is coming together to help one another,
and from a banking spector, you know, there's there's plenty
of capital available to make sure farmers are well supported.
Speaker 2 (01:44):
I suppose if there's a positive through all this, it
is the fact that the sectors are looking pretty good
at the moment, the red meat sector of the dairy
sector arguably arable the prices there to be continued in
that sense, let's be honest. But overall, you think farmers
like there's still is in their means regarding getting the
infrastructure up and running again with some budget. All right, Yeah, Look.
Speaker 1 (02:09):
As I sort of mentioned that it does beary. You know,
there's going to be a lot of people that are
that are impacted there. I think the venison or the
velvet is certainly probably the industry that is bearing the
worst in this current environment. But yeah, when it comes
to budgets, there is certainly going to be some blowouts
(02:29):
in terms of, you know, the capital needed to spend
on twenty of diggers, fencing, a lot of infrastructure. You know,
I've heard over forty five red pithe barns or thereabouts
have lost covers. So you know it might be a
flying effect into next year with winter grazing.
Speaker 2 (02:47):
Yeah, certainly there's going to be a lot of flow
on effects from this, but it's all about negating the
season at hand, and well from a sheep farmer's perspective,
just on the cusp of getting that income rolling in,
maybe a hog checks come in for the wall. You
might have had a few cars go away to the
works and the likes, But the lambs are just starting
to go off to the works and they're not too
(03:07):
do some future, so that's not going to be affected
too badly, I'd imagine.
Speaker 1 (03:12):
No, no, it won't be. But there's probably going to
be a few pitches on working capital or overdrafts, and
my advices on that is, don't make a decision based
on working capital if those decisions have got to be
made just to get on the phone and talk to
your bank here and try and get a good decision
to increase those working capital requirements, just so you've got
(03:35):
more breathing space to make the right decision for the
family and for the farm and livestock.
Speaker 2 (03:42):
Banks have been pretty understanding around the current circumstances, I'd imagine, yeah, absolutely.
Speaker 1 (03:47):
Yet we're on putting of rural support calls and et cetera,
and yeah, absolutely, you know, talking on behalf of ball
banks here. Certainly everyone is getting in behind making sure
clients are well supported, not only you know, financially, but
you know, checking in physically and you know, supporting with barbecues, events,
(04:08):
et cetera. So yeah, I would just encourage people to
pick up the phone if it's not a bancas you know,
get in touch with the a trusted advisor as well.
Speaker 2 (04:16):
The farmers you've touched base with Michael and talking to
everybody within the sector at the moment, how do they
seem to be coping.
Speaker 1 (04:25):
On the surface, everyone's relatively bubbly, you know, I've talked
to a couple of farmers that are certainly a whole
lot worse for ware and you know, we're talking hundreds
of thousands of dollars expected to be impacted by underneath.
You know they will be stressing, but you know we
need to give them reassurance that we are there to support,
(04:48):
you know, financially, and are able to make sure they
are well supported.
Speaker 2 (04:54):
That's probably the big message here, I suppose. Isn't it
just for farmers to realize any concerns just to reach out?
Speaker 1 (05:00):
Yeah? Absolutely, you know we're standing board. We're happy to
talk to people. You know, the trusted advisors. You know,
they are all and there. Everyone's in the same boat
making sure. We want to prioritize family and making sure
everyone's safe and well and their friends. And then of
course we get into supporting the stock and the businesses.
Speaker 2 (05:22):
Now I talked about this on the show yesterday about
with Graham Butcher. Actually, if I'm consultant who says that
every spring is going to be different, and it's interesting
too when you look at next season, how are you
going to plan out? Are you guests going to do
winter great? Are you just going to do grass wintering?
Are you going to put the crops? And as you
alluded to before, all of a sudden, a whole lot
of conversations come on to the table because well, for
(05:45):
whatever reason, we know the reason. Actually there's blooming trees
down everywhere. You're not going to be able to do
perhaps the wintering plan that you wanted to, but it's
not going to necessarily define your business.
Speaker 1 (05:55):
No, No, definitely not. And I think you know that
there is always a pilot of that comes out of
an event like this where we do become more resilient
and we learn from it and the opportunity to build
it into our farm plan or build it into whatever
a plan. We've got to make sure we are resilient
for events like this. You know, if we had a
(06:17):
rough spring last year, this wind event this year, there
is going to be something just around the corner, and
you know, it's making sure that we are resilient and
we are looking after and see I was making sure
we can all pull through it together.
Speaker 2 (06:31):
Yeah, that's the big message there. Michael, Hey, appreciated your
time on the Must of Us afternoon. Michael McCutcheon, Rabobank
Area Manager for Southland, Thanks very much for your time.
Speaker 1 (06:40):
Nowhere is it all Andy Chas.
Speaker 2 (06:43):
Michael mccatchein, Rabobank Southland Area Manager And just on that
low Michael said various events happening around the province. At
the Mandivel Country Club tonight with SEUTH and Real Support Trust,
there is a community barbecue starting at six o'clock, so
if you need a bit of a break, why not
head Demandable Grand Disaster mac Master is up next. This
(07:04):
is the Muster.
Speaker 1 (07:05):
Sure ga know how to tre malculate it.
You needs knowledge.
Speaker 2 (00:07):
The welcome back to the muster. Michael McCutcheon joins us next.
He is Rabobank's Southland Area manager. Of course, we've teamed
up the South and Rural Support Trust here on the
Muster in conjunction with Community Trusts South just to speak
to people from different parts of the rural sector after
(00:29):
the wind events that occurred just about three weeks ago. Gosh,
where's that time gone? Anyway, Michael's going to give us
a bit of an indication from a banking perspective about
looking at the current situation as well and just from
a monetary viewpoint what you need to be thinking about. Michael,
great to chat on the muster. I appreciate your time.
Speaker 1 (00:47):
Thanks Eddie. It's good to touch base and good to
make sure all of our farming community is well supported.
Speaker 2 (00:56):
And that's the big thing we Look, what is it
just about twenty one days ago since the winds occurred
down here in the Deep South which were catastrophic for
a lot of people in more ways than one. From
what you're seeing there from a banking perspective, how's the
situation unfolded?
Speaker 1 (01:11):
Yeah, look, well the situation varies. You know, there's a
lot of people that have that have already been in
a tidy up mode and got their clean up done
with within days after the event, and there's some that
are in a situation where it's going to take well
over twelve months before they actually get a decent cleanup
given the effect on you know, not only shout bouts
(01:31):
but infrastructure as well. So you know, the good thing
is the community is coming together to help one another,
and from a banking spector, you know, there's there's plenty
of capital available to make sure farmers are well supported.
Speaker 2 (01:44):
I suppose if there's a positive through all this, it
is the fact that the sectors are looking pretty good
at the moment, the red meat sector of the dairy
sector arguably arable the prices there to be continued in
that sense, let's be honest. But overall, you think farmers
like there's still is in their means regarding getting the
infrastructure up and running again with some budget. All right, Yeah, Look.
Speaker 1 (02:09):
As I sort of mentioned that it does beary. You know,
there's going to be a lot of people that are
that are impacted there. I think the venison or the
velvet is certainly probably the industry that is bearing the
worst in this current environment. But yeah, when it comes
to budgets, there is certainly going to be some blowouts
(02:29):
in terms of, you know, the capital needed to spend
on twenty of diggers, fencing, a lot of infrastructure. You know,
I've heard over forty five red pithe barns or thereabouts
have lost covers. So you know it might be a
flying effect into next year with winter grazing.
Speaker 2 (02:47):
Yeah, certainly there's going to be a lot of flow
on effects from this, but it's all about negating the
season at hand, and well from a sheep farmer's perspective,
just on the cusp of getting that income rolling in,
maybe a hog checks come in for the wall. You
might have had a few cars go away to the
works and the likes, But the lambs are just starting
to go off to the works and they're not too
(03:07):
do some future, so that's not going to be affected
too badly, I'd imagine.
Speaker 1 (03:12):
No, no, it won't be. But there's probably going to
be a few pitches on working capital or overdrafts, and
my advices on that is, don't make a decision based
on working capital if those decisions have got to be
made just to get on the phone and talk to
your bank here and try and get a good decision
to increase those working capital requirements, just so you've got
(03:35):
more breathing space to make the right decision for the
family and for the farm and livestock.
Speaker 2 (03:42):
Banks have been pretty understanding around the current circumstances, I'd imagine, yeah, absolutely.
Speaker 1 (03:47):
Yet we're on putting of rural support calls and et cetera,
and yeah, absolutely, you know, talking on behalf of ball
banks here. Certainly everyone is getting in behind making sure
clients are well supported, not only you know, financially, but
you know, checking in physically and you know, supporting with barbecues, events,
(04:08):
et cetera. So yeah, I would just encourage people to
pick up the phone if it's not a bancas you know,
get in touch with the a trusted advisor as well.
Speaker 2 (04:16):
The farmers you've touched base with Michael and talking to
everybody within the sector at the moment, how do they
seem to be coping.
Speaker 1 (04:25):
On the surface, everyone's relatively bubbly, you know, I've talked
to a couple of farmers that are certainly a whole
lot worse for ware and you know, we're talking hundreds
of thousands of dollars expected to be impacted by underneath.
You know they will be stressing, but you know we
need to give them reassurance that we are there to support,
(04:48):
you know, financially, and are able to make sure they
are well supported.
Speaker 2 (04:54):
That's probably the big message here, I suppose. Isn't it
just for farmers to realize any concerns just to reach out?
Speaker 1 (05:00):
Yeah? Absolutely, you know we're standing board. We're happy to
talk to people. You know, the trusted advisors. You know,
they are all and there. Everyone's in the same boat
making sure. We want to prioritize family and making sure
everyone's safe and well and their friends. And then of
course we get into supporting the stock and the businesses.
Speaker 2 (05:22):
Now I talked about this on the show yesterday about
with Graham Butcher. Actually, if I'm consultant who says that
every spring is going to be different, and it's interesting
too when you look at next season, how are you
going to plan out? Are you guests going to do
winter great? Are you just going to do grass wintering?
Are you going to put the crops? And as you
alluded to before, all of a sudden, a whole lot
of conversations come on to the table because well, for
(05:45):
whatever reason, we know the reason. Actually there's blooming trees
down everywhere. You're not going to be able to do
perhaps the wintering plan that you wanted to, but it's
not going to necessarily define your business.
Speaker 1 (05:55):
No, No, definitely not. And I think you know that
there is always a pilot of that comes out of
an event like this where we do become more resilient
and we learn from it and the opportunity to build
it into our farm plan or build it into whatever
a plan. We've got to make sure we are resilient
for events like this. You know, if we had a
(06:17):
rough spring last year, this wind event this year, there
is going to be something just around the corner, and
you know, it's making sure that we are resilient and
we are looking after and see I was making sure
we can all pull through it together.
Speaker 2 (06:31):
Yeah, that's the big message there. Michael, Hey, appreciated your
time on the Must of Us afternoon. Michael McCutcheon, Rabobank
Area Manager for Southland, Thanks very much for your time.
Speaker 1 (06:40):
Nowhere is it all Andy Chas.
Speaker 2 (06:43):
Michael mccatchein, Rabobank Southland Area Manager And just on that
low Michael said various events happening around the province. At
the Mandivel Country Club tonight with SEUTH and Real Support Trust,
there is a community barbecue starting at six o'clock, so
if you need a bit of a break, why not
head Demandable Grand Disaster mac Master is up next. This
(07:04):
is the Muster.
Speaker 1 (07:05):
Sure ga know how to tre malculate it.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Medal of Honor: Stories of Courage
Rewarded for bravery that goes above and beyond the call of duty, the Medal of Honor is the United States’ top military decoration. The stories we tell are about the heroes who have distinguished themselves by acts of heroism and courage that have saved lives. From Judith Resnik, the second woman in space, to Daniel Daly, one of only 19 people to have received the Medal of Honor twice, these are stories about those who have done the improbable and unexpected, who have sacrificed something in the name of something much bigger than themselves. Every Wednesday on Medal of Honor, uncover what their experiences tell us about the nature of sacrifice, why people put their lives in danger for others, and what happens after you’ve become a hero. Special thanks to series creator Dan McGinn, to the Congressional Medal of Honor Society and Adam Plumpton. Medal of Honor begins on May 28. Subscribe to Pushkin+ to hear ad-free episodes one week early. Find Pushkin+ on the Medal of Honor show page in Apple or at Pushkin.fm. Subscribe on Apple: apple.co/pushkin Subscribe on Pushkin: pushkin.fm/plus
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com