February 4, 2025 • 38 mins
Jamie Mackay talks to Christopher Luxon, Richard Allen, Todd Charteris, and Lindy Nelson.
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Speaker 1 (00:00):
Catch all the latest from the land. It's The Country
Podcast with Jamie mckuae. Thanks to Brent. You're specialist in
John Deere construction equipment.
Speaker 2 (00:19):
Easy speaks, so high.
Speaker 3 (00:28):
Gooda New Zealand. Excuse me nearly cough. Welcome to the Country.
It's brought to you by Brent. I'm Jamie McKay I
need a drink of water. This is Katie Perry, California Girls.
She was one of the artists at Fire Aid year
raising money for the wildfires in California, more particularly Los Angeles.
(00:50):
It's all kicking off at White TONGUEI today, David Seymour's
are getting completely drowned out. One person who won't be
there is the Prime Minister, Christoph Lux and he's going
and I say, good on you if we're not going.
Earlier this morning I caught up with him. But is
he knee capping? Is he guilty? And is his government
guilty of kneecapping our biggest industry with their latest climate
(01:13):
targets of a climate target of fifty one to fifty
five percent of emissions reductions by twenty thirty five. I'll
ask him that one. He's none too keen on Seymour's
claim or idea or policy of pulling us out of
the Paris Agreement. But he does support Shane Jones's attack
(01:34):
on Woke banks talking about woke TJ. Pier and Aarra
And I'll tell you more about that one later. Richard Allen,
this is the good news story of the day. Fonterra's
President of Global market Ingredients. What a great title. That
is another great global dairy trade auction overnight ten dollars
seems to be locked and loaded. What about eleven? Todd
charteris chief executive of Rabobank previewing National LAMB Day and
(01:59):
Lindin Elson if we can track her down, she's the
chair of Safer Farms. She's in the wire rapper just
outside of Eccadahuna. A few coverage problems on the farm,
but I'm going to try and talk to her about
a new joint venture between ACC and Safer Farms to
try and prevent some of the more than seventeen thousand
(02:20):
farming related injury claims we had in twenty twenty four. Right,
leave you with a wee better Katie Perry, come back
with the Prime Minister. God, he's a very busy man
(02:57):
ahead of Waitangi, except he's not going to Waitangi, and
that is our Prime Minister, Christopher Luxeon. Okay, good GDT
result overnight. Just another example, Prime Minister, of why we
don't want to kneecap our biggest industry. Is that what
you're doing with your new emissions targets.
Speaker 4 (03:14):
Absolutely not. What we're doing is we're going hard on
economic growth and it's in our national interest to set
the targets in the way that we have because if
we don't, frankly, we'll end up hurting farming big time.
We're going to punish our farmers. I'm not prepared to
rest that. I want agriculture absolutely pumping in on our
economy pumping. So it's this is actually in our massive
national interest to do so, and that's why our whole
cabinet signed off on it, because you know it's really
(03:37):
it's important and we don't want to put our farmers
at risk because multinational companies or frankly, a lot of
countries we compete with in Europe would say, yeah, Elbia,
these guys aren't doing much, aren't committed to the goals,
and as a result, we'll keep them off the shelter.
Speaker 3 (03:51):
Okay, the twenty on the twenty thirty target of fifty percent,
now that was signed up by Jasinda and James Shaw. Correct, correct, So,
and you've come out with your new target fifty one
to fifty five percent reduction and emissions by twenty thirty five. Effectively,
you're only asking for one more percent, and that's intervening
(04:11):
five years. We can live with that, But what can
we do about the twenty thirty target, which is unreachable?
Speaker 4 (04:17):
Well, if you just back up a little bit, under
the Paris Agreement, we have to set a twenty thirty
five target that's bigger than the twenty thirty target. The
twenty thirty target for us is pretty stretching. That's why
we've said it will increase it over the next five
years by only by one to five percent. That we
think of the absolute highest we can and should do
considering our national interest, which is we want to keep
the economy growing really strongly. We're not going to sacrifice
(04:40):
any loss in farming at all. The twenty thirty target, Yep,
you're right, as pretty stretching. We've got to go for it.
But what we're not going to do is al fosteen
billions of dollars offshore as well. So we've got a
good plan. And to be honest, Jamie, you know I've
gone through it with Ray Smith. We've looked at the
innovation pipeline coming through Agrey Zero. If you think the
methane inhibitors, think about the bowlers, think about the workout
(05:05):
of the echo ponds out of Lincoln University and Ravenstown's
joint venture. There's a heap of technology between now and
twenty thirty five that gives us huge confidence that we
can do this without sacrificing any economic growth or any
farmer's being pushed off their land. We have zero tolerance.
We are not going to have farmers leave farming. We're
not going to send our farming jobs and activity offshore
(05:27):
to other countries that are less efficient than us. We
have the best farmers in the world. But I'm telling it.
If there's a lot of people say, oh, why don't
you come out of the Paris Agreement, well, I'll tell
you that's the fastest way to make New Zealand incredibly poor.
Because farming generates ten thousand dollars for every man, woman
and child in this country, and everyone whether you live
in the cities or in rural communities, will feel a
huge amount of pain and farmers will feel it tremendously.
Speaker 3 (05:48):
Now, David Seymour has floated a policy of pulling New
Zealand out of that Paris Climate Agreement, potentially making a
Paris withdrawal and ACT election promise. That would just be
another spanner in the works for you.
Speaker 4 (06:02):
Well, I just say really clearly, all the parties in
the coalition, cabinet and government agreed to this. They said
this is the highest that we can and we should
do considering our national interest, which is about economic growth.
And I'm telling you, withdrawing and ripping up international agreements
means you're not a trusted partner, means that you become
poorer because multinational country companies and also other countries that
(06:23):
we compete with would gladly get rid of our products.
So you know, Seymour can float an idea for his
election campaign for his ACT party, but he's also Minister
of the government and he committed to what we've done
this week.
Speaker 3 (06:36):
Has that Paris Agreement or is it in danger of
blowing up? Under Trump?
Speaker 4 (06:41):
There's only three countries that are not part of it a, Libya, Yemen,
and now the US. I think it's the US is
the fourth country that's not part of Paris. So just
you know, just in the perspective of the global trade
that we do. Yes, we do business with the US,
but we do business in Europe, we do business in Asia,
in the Pacific. And you've got one hundred and ninety
(07:03):
five countries.
Speaker 5 (07:04):
In the world.
Speaker 4 (07:04):
I think, as I said, only four, including now the US,
makes it four are not signed up to the agreement.
So you know, and what we've done is I think
very sensible because by committing to this twenty thirty five target,
what we're doing as we're for the first time aligning
our international obligations and commitments to what we've committed to
domestically here at home. And that's much much cleaner and
much much better for us because you know, as you
(07:27):
saw it the last year, we want to grow the
economy really strong. It's all about growth. That's job number one.
That's primary over everything else that we're doing, and it
needs to be in New Zealand for a number of
years and should be always. But what we've done is
delivered an a missions reduction plan that actually has the
potential to even deliver the zero twenty fifty earlier while
still keeping the economy growing and pumping to its maxim them.
(07:49):
So I'm really, really, really comfortable with this, and I
think farmers should be really comfortable.
Speaker 5 (07:54):
I appreciate it. There'll be a whole bunch.
Speaker 4 (07:56):
Of people trying to wind it up, but the reality
is that what will be have a lot pooreress.
Speaker 3 (08:00):
Okay, so you're not supporting Seymour's call to get us
out of the Paris Agreement, but you are thankfully supporting
the Prince of the Province of Shane Jones and his
attack on woke banks.
Speaker 5 (08:12):
Yeah.
Speaker 4 (08:12):
Well, look imman, it's utterly unacceptable. It's totally outrageous. I mean,
our banks need to finance the enterprises that ki Wes
actually need and when you've got banks not funding service
stations in rural New Zealand, that is utterly unacceptable. So
you know, we're up for anything and everything, but the
banks need to hear me in as I said yesterday,
the CEOs in particular monitoring the media need to be
(08:34):
saying hearing me. Clates say very strongly, we're losing patients
very quickly. We expect you as banks to finance the
enterprises that Kiwis need, like service stations, like mining operations.
We don't want the political posture and we want you
giving Kiwi's a better deal. So we've got this ongoing
CEO should be reached from what we're saying. Frankly, I'm
giving them lots of good warning. There's ongoing Select Committee
(08:56):
inquiry into the banking and Frankly will call the bank.
Speaker 3 (09:00):
How do you have over the Gaussie banks?
Speaker 4 (09:03):
I just think if you want to serve New Zealanders
and they are your customers, they want to fair deal
on banking. They don't want political posturing. And when you
go knock off a service station in provincial a Roral,
New Zealand, that is unacceptable, utterly unacceptable.
Speaker 3 (09:18):
Okay, Trump and tariffs a couple to quickly finish on.
This is bark worse than his bite.
Speaker 4 (09:24):
Well look, I mean, you know he's talked about tariffs.
You've seen what's happened this week. You know, proposed twenty
five percent of Mexico and Canada and then withdrawal. His
focus has been on the border and obviously around immigration concerns,
but also fentanyl coming in and out of that border.
He's been elected to act in his national interests. As
the American people's national interests, we're elected to act in
(09:46):
New Zealand's national interest. That for me is why we're
pushing so hard on trade and doing trade with as
many countries as we possibly can, and that's why we
did the UAE Free Trade Deal. Whateveryone's still on holiday.
That's why we're going to India very shortly, that's all.
We'll be in China in the second quarter, and that's
why I'm going to Indonesia and Vietnam frankly at the
end of this month. So we've got a lot of
(10:08):
work to do. Our job is to get the show
growing at growth, growth, growth.
Speaker 3 (10:11):
Christoph Luxon, good luck tomorrow. Thanks for your time today
on the country.
Speaker 5 (10:15):
Sure, Danie had a great day.
Speaker 3 (10:18):
Yeah, there you go. The Prime Minister caught up with
them a wee bit earlier this morning. Summer your feedback
coming in. Who is Ray Smith? The Prime Minister spoke of.
Is he with Greenpeace or Forest and Bird says don no,
he's not. He's the Director General of MPI. Sounds like
(10:39):
BS to me. Where are as balls? I think that's
in reference to the Prime Minister, Jamie, I like Raiser,
but he should have balls is a common theory here.
We're repeating theme here this afternoonshef Jamie, I like Razor,
but he should have grown some balls and dropped TJ.
That's from Muzz. Muzz is mostly wrong when he texts
(10:59):
into the country, but he's bang on there. Can you
imagine Can you imagine that nonsense happening with Richie McCaw
as the all Black captain. No, it probably wouldn't have
a definitely wouldn't.
Speaker 6 (11:14):
But do you wonder Okay, so I'm just going to
chuck this idea out there, Jamie, But do you wonder
if the NZRU had a part in that? It was
a bit of a political stunt for them?
Speaker 3 (11:25):
Oh, they're so weak. They are so weak. It wouldn't
surprise me. So it wouldn't happen under Richie's watch. And
I'll tell you what if the late Great Sir Brian
Lahore or Pine Tree Needs are about, I know who
would have got kicked to touch. It would have been TJ.
Speaker 6 (11:43):
Is that your ant for today?
Speaker 3 (11:46):
I've still gotill. I've got work banks to deal with
yet time I'll save some time for work banks. I'm
going to talk to Todd Charter as the chief executive
of Rabobank about a big event happening next week. We've
got the Lamb Day barbecue at Parliament next Tuesday, and
then of course Saturday is National Lamb Day. Also, Lindy
(12:07):
Nelson tells me she's going to walk all the way
to the top of her hill on Arekadhuna farm just
to chat to us today a bit later in the hour.
But up next, it's the good news story of the day,
the global dairy trade auction overnight cracking result. We're going
to talk to Fonterra's president of Global market Ingredients. Up next,
(12:27):
Richard Allen. It is today's good news story on the country.
(12:49):
Global dairy trade auction results overnight three point seven across
the board, but the really good numbers whole milk powder
up four point one percent after five percent at the
last auction, skim milk powder four point seven percent, and
we're going to come back to lactose. I don't know
what's going on there seventeen point seven percent. But to
(13:10):
tell us more, the very americanized Richard Allen, who's the
president of Global Markets Ingredients for Fonterra and Richard, you've
just come back from being based in Chicago. You're back
in en Z. In fact, last time I chatted to
you was early October when you were doing a farming
tour down in the Deep South. You've been everywhere, man,
Good afternoon by the way.
Speaker 7 (13:31):
Afternoon, Jamie, it's great to chat. Yes, we moved from
a very chilly Chicago a couple of weeks back back
to Auckland, so my wife and three kids were now
settled back in Auckland. And yes, it's good to be home.
Speaker 2 (13:45):
But yeah, we.
Speaker 7 (13:46):
Chadded our first week October when we were out doing
our annual results update for our farmers.
Speaker 3 (13:50):
Yeah, well just before we get onto the Global Dairy
Trade auction, because we've been talking about it a week.
But just life in America? Are you glad to get
out of there?
Speaker 7 (14:00):
Look, we love the States, to be honest, and you know,
there's you know, we have really fond memories of our
time up there that the kids had a great time,
and it's a wonderful country, right, you know, it's just
full of opportunity and it's you know, for ends at exporters,
it's a great place to be operating and you know,
great market for Kiwi products.
Speaker 5 (14:20):
You know.
Speaker 7 (14:20):
That being said, you know, there's definitely going to be
some challenges, but you know, the general feeling in the
US when we left was, you know, I think, an
overwhelming feeling of positivity. And yeah, it's it's great to
be home, but you know, some very fond memories of
being up there in Chicago.
Speaker 3 (14:35):
The Windy City is a great city, no doubt about that.
Speaker 5 (14:38):
Right.
Speaker 3 (14:38):
Let's have a look at this global every trade auction.
The futures market was picking it. I spoke to Mike
McIntyre at Jarden. You'll know Mike yesterday he said four
to five percent. He was bang on the money. But
what he did say in his commentary this morning, and
I'm going to throw this at you for comment, he
said the auction last night was a seminal moment in
determining the success of not only this season, but seasons
(15:02):
to come. And he's saying one hundred dollars a US
paton for whole milk powder and a fifty six CeNSE
exchange rate is always going to deliver ten dollars plus.
Now I've been banging on to your boss, Miles Hurle
about a ten dollar payment. I'm going to raise the stakes, awe,
But what about eleven dollars Richard.
Speaker 7 (15:23):
Look, you know our range at the minute is your
nine to fifty to ten to fifty. And it's exactly
why we put a range out there, because you know,
we can see these, you know, pretty significant into in
a month's movements eleven dollars. Look, I'd never rule anything
out in future seasons to come, but you know, for
this season right now, we we're at nine to fifty
to ten to fifty with a mid point of ten.
Speaker 3 (15:43):
Let's have a look at them. So whole milk powder
four point one percent off the back of five percent
last time. This is very good. You know, at the
beginning of the season, we were sitting around three thousand
US dollars Paton, We're over four thousand now.
Speaker 7 (15:57):
Yeah, this is this is a real good use story
across the season. And I think it's off the back
of you know, we've seen generally fairly type supply conditions
around the world, probably with the exception of New Zealand,
we've had a pretty good, pretty good milk season here
with the exception of Southland to start the season, and
then we've seen just good strong demand right around the world.
(16:18):
So we've seen China come back into the market, We've
seen good demand across our other regions. So hombre powder
is a really good indicator for you know, where global
dairy demands at, particularly for New Zealand dairy products and US.
To get over four thousand and to stay there, I
think is a really strong sign of kind of you know,
how the markets are seeing our product right now.
Speaker 3 (16:38):
And as I mentioned, the exchange rates not doing us
any harm either. Now, look it's Chinese New Year. Where
did the buyers come from from this oction? Were the
Chinese quiet or a bit quieter?
Speaker 7 (16:49):
We saw good suspension right across the board, to be honest,
and again, you know, given that we're through the Chinese
New Year period and a lot of the Chinese New
Year buying actually happens sort of the other side of
Christmas because obviously they've got aing it in and get
it ready for Chinese New Year. So to continue to
see good participation I think is a really good sign
in terms of, you know, the resilience of the demand
out there.
Speaker 3 (17:09):
You talked about production, the dry weather around the country,
is this season going to have a short tail We
don't know yet because the weather gods, no one can
know what they're doing. But at the moment, you know,
some of the key dairying provinces Wi Kato, Taranaki are
getting pretty dry.
Speaker 7 (17:27):
Yeah that's right, Jamie. And yeah again you know there's
there's a lot of varians that can happens, as you know,
from from now on into the to the.
Speaker 5 (17:34):
End of the season.
Speaker 7 (17:36):
You know, farmers are pretty well prepared these days in
terms of you know, managing to dry conditions. You know,
there's not many years where it doesn't get dry from.
Speaker 4 (17:44):
From this time onwards.
Speaker 7 (17:45):
But we're still seeing you know, pretty strong milk across
you know, nationally, you know South Island Canterbury particular is
always you know, fairly strong and so at this stage
things are definitely looking up on last year and it's
a pretty strong look forcast I've got got one.
Speaker 3 (18:00):
More question for you. We've talked about a whole milk powder,
skim milk powder. What the hell happened to lactose an
increase of a whopping seventeen point seven percent.
Speaker 7 (18:10):
Yeah, it's not product we sell on GEDT. So this
is this is the Europeans and you know we've seen
some pretty strong pricing for for way and lactose out
of Europe. I don't actually have the bias that's on
kind of what what happened there, but maybe someone got
caught short. But you know, the lactose and partecially just
the milk market in Europe has been firm now for
(18:32):
for well over twelve months, and we're starting to see
production creep up there and so that that might might
start to.
Speaker 5 (18:38):
Eat things a little bit.
Speaker 7 (18:39):
But yeah, overall, Europe's been in a pretty good position
for farmers up there in terms of the milk price
over the last twelve months.
Speaker 3 (18:46):
Is there anyone else some Fonterra that has a title president?
Speaker 7 (18:53):
Luckily for anyone else there ain't.
Speaker 5 (18:55):
No.
Speaker 7 (18:55):
It's American title, Yes, America.
Speaker 3 (18:58):
And I know you've come from a mere but I
thought Miles might call himself the president and you the
vice president.
Speaker 7 (19:05):
Ah, he's welcome to do that.
Speaker 4 (19:06):
He's device.
Speaker 3 (19:08):
Hey, Richard Allen, thanks for being a good sport. It's
been a great day for New Zealand dairy farmers and
for agriculture and more importantly for the New Zealand economy. Fonterra,
the dairy industry's driving it. Well done, keep up the
good work.
Speaker 7 (19:20):
Thanks Jamie, have a gret date.
Speaker 3 (19:22):
Thanks Richard. Twenty nine after twelve sum year feedback. It's
coming in thick and fast. The Prime Minister now sounds
like Chris Hipkins talking about omissions. Hi, Jamie, I think
Luxon is wrong about that, as we can keep our positive,
clean ideas without being tied to the Paris Agreement. The
USA is pulling out of the agreement and as our
(19:44):
second biggest trading partner, plus food production isn't included anyway,
writes John, Here's another one. Why has it taken so
long to criticize Peranara for the stunt? Well, I don't
think it has a lot of people criticize them. At
the time. It was his last game against Italy, and
(20:05):
that was just weak leadership by the All Blacks. When
they knew he was up to this, and some of
them did, they should have pulled him in the differences, Michelle,
you and I were discussing this one this morning. I
remember back to a great All Black, Josh Cromfould, and
he had his head gear on and he had to
ban the bomb thing. But that was different. That's like
a personal protest that he made or a statement that
(20:28):
he made. Perinara was leading the harker on behalf of
all the all Blacks and on behalf of our nation.
Speaker 6 (20:36):
Yeah, Josh Cronfeld's actually one of my favorite all blacks.
Speaker 3 (20:38):
Well that's got nothing to do, you know.
Speaker 6 (20:40):
I just wanted to spend it in a positive direction.
Speaker 3 (20:42):
Well, TJ is one of my least favorite all blacks,
has been for a long time. But this sort of stunt.
I look, we talk about woke banks, and we're going
to talk about woke banks with Todd Charters and a tick.
But n z Are they're week. They are absolutely weak.
If they knew about that, they should have knocked it
on the head. Never mind trying. Thank god, we're dealing
(21:04):
in rural radio and we can ring up the Prime
Minister every Wednesday morning at seven point thirty and you
get them. You try ringing up an all black in
this country. And it's not that the All Blacks don't
want to speak to the media, it's just controlled by
n z Are. They're useless. If I didn't love the
all Blacks so much, I wouldn't watch them. But I'll
(21:25):
make an exception. Okay, up next, the latest in rural
News and sports news. Todd charteris National Lambday coming up,
Folk Banks, a great Future for agriculture and Lyndy Nelson
if we can find her on the top of a
hill somewhere near Ekedahuna.
Speaker 2 (21:44):
Seema Legend and the snow.
Speaker 3 (21:54):
Welcome back to the country. It's brought to you by Brandt.
I'm Jamie McKay. Very shortly the Latest and the Rural
News with Michelle Watt and the other member of our
team are Rowena Duncan has over the past few weeks
teamed up with Beef and Lamb New Zealand for a
special four past four part Get It Right podcast series
looking at the key aspects of the Eliminating Facial XMA
(22:17):
Impacts program. The final episode is now live on the
country's podcast feed. We all know facial XMA is a nasty,
costly disease that's affected New Zealand livestock farmers for over
one hundred years. So to wrap the series, Rose once
again joined by doctor Kara Brosnahan, principal scientist at Beef
(22:37):
and Lamb New Zealand, they look at different ways of
managing facial XMA and why we need better tools to
tackle it, everything from breeding strategies to pasture management and
innovative solutions. They cover the lot the podcasts called Eliminating
Facial Xmas Impacts and as I mentioned, you'll find it
(22:58):
on the Country's Podcast or wherever you get your podcasts.
Plus the link is up on our Facebook page. So
there you go. Here's the latest and rural news with Michelle.
Speaker 1 (23:09):
To the Country's World News with Cob Cadet, New Zealand's
leading right on lawnlower bread. Visit steel Ford dot Cot
dot Z for your local stockist.
Speaker 6 (23:18):
More than three million trays of Zespre ruby read Keiwi
fruit will be available this season, some of which will
be arriving for the first time in the Philippines, Indonesia,
Thailand and the Pacific Islands. Harvest for the berry colored
variety that is the latest to come through Zesbrey's world
leading Kiwi fruit breeding program gets underway in New Zealand
in the coming weeks, with a large increase in volume
(23:40):
to mainland China and Japan and New Zealand. Young Farmer's
Chief Executive Linda Coppersmith will step down from her role
after the FMG Young Farmer of the Year Grand Final
in July. Coppersmith has held the role for six years
and has led many successful implementations, including expanding sponsorship based
despite the challenging market condition, and achieving record breaking participation
(24:02):
and competitions. The n zed wafboard will begin recruiting for
their next chief executive this month. And that's Rural News Sport.
Speaker 1 (24:11):
We're the nth go Kiwi to the bone since nineteen
oh four.
Speaker 3 (24:15):
Thanks sure, I haven't even got round to finding the sports,
so we'll just continue on with the TJ. Perinara and
nz Are theme because lots of feedback coming in on
this one. Steve from tekawet He said, I stopped watching
the All Blacks when they went pro. Geez, Steve, that's
a bit tough. That was nineteen ninety six or ninety
five ninety six really, and of course that I think
(24:38):
that was the year that Josh Cronfild wore the and
the bomb on his head gear. We like Josh. He's
a text and from a Penny Mackay, she says, stop ranting.
Speaker 6 (24:51):
I feel like you don't get listened to a home.
Do you get listened to it outlet?
Speaker 3 (24:56):
This is my outlet because I go home and I
get thrashed. So I do, and I have my we
turn on the radio. Here I can get my say here.
Also here here Jamie, this week, I should say pee
week leadership by n z R. Alright, per and are
customizing the Harker. Why not change the cords of the
(25:16):
national anthem while you're at it. Richie would have cranked
out wagon Well just because he rates it. Apparently it's
a great song.
Speaker 6 (25:25):
I I love.
Speaker 3 (25:26):
That song Wagon Well. Yeah, and no more colored boots
and the word colored boots under Richie either. He made
them all wear black boots.
Speaker 6 (25:34):
They did.
Speaker 3 (25:34):
The uniform is the uniform? Pee off if you don't
like the dress code, says Hayden. So he's not putting
up with any of TJ's nonsense either. I'm sorry if
I've offended anyone with the rant, but I've been stewing
and bubbling away on this one for about how long
since that last game? Three or four months? No, no, no, no,
I'd have to be October Novatalie. Look, he was a
(25:57):
good rugby player, I'm not denying that. And when Aaron
Smith went in, some ways he was the best choice
and we didn't have Cam royguard and I get all that,
but he's he stepped out of line in my humble
opinion as an all black fan the way he politicized
the Harker end of TJ Piranara from woke rugby players
to woke banks. Todd Charter us up next, La, here's
(26:23):
a bloke we'll be running into in Wellington on Tuesday
for the National Lamb Day barbecue on Parliament Grounds on
the lawn. The Speaker's lorn in fact, really looking forward
to that one. Todd charteris chief executive of Rabobank along
with FMG, they are supporting this wonderful initiative and Todd,
we need to encourage all New Zealanders to have a
(26:44):
crack at LAMB on National Lamb Day February the fifteenth,
and I hope, like how the supermarkets come to the party.
Speaker 8 (26:50):
Good afternoon, Yeah, Jamie, Yeah, Look, I think it's going
to be a great, a great event next week.
Speaker 5 (26:56):
And as you say, I think you know, anything we.
Speaker 8 (26:59):
Can do to charried to the consumption of Lamb across
New Zealanders is great and I think it's a great
initiative obviously lead by Beef and Lamb New Zealand Ravivanks
delighted to be a principal partner this year and get
them behind it. Super excited by it and something that's
dear to my heart. Having grown up in Setland, we're
(27:20):
lots of sheep back there in most days and as
I say, it's deed in my heart, so really keen
to support it.
Speaker 3 (27:26):
We're celebrating the anniversary of the first frozen lamb shipman
to leave New Zealand on February fifteenth, eighteen eighty two.
Even though Todd there was a lot more mutton four
three hundred and thirty one without sounding boring carcasses on board,
there was only just under six hundred lamb carcasses. There
was also pigs here, pheasant, turkey and chicken. Someone had
(27:47):
counted twenty two hundred and twenty six sheep tongues plus
and I think this is not a well known fact,
two hundred and forty six kegs of butter. So you
could argue Todd that not only was the good ship
to need in carrying our first frozen meat shipment from
New Zealand, it was the beginning of our export dairy
industry as well.
Speaker 8 (28:07):
Oh absolutely, And I think it's a wonderful thing to
celebrate and having grown up and Toneden, I knew the
story quite well about the actually, mister Eden, and in
the history that goes with it in years you say
it was the start of a wonderful trading experience for
New Zealand and reputation that we've continued to build on globally.
Speaker 5 (28:26):
And I think it's state to celebrate.
Speaker 3 (28:28):
Okay, I've been busy patting you on the back at
Rabobank there, Todd. We're getting in behind National Lamb Day. Now,
you don't fall into the bracket of a woke bank.
Please tell me you're not. Are you? And Shane Jones's sites.
Speaker 8 (28:40):
Well, we're definitely not a wake bank. Not when it
comes to food negro in this country. We're hugely admitted
that there's lots of comments going around the place all
the this that you having. But I think over the
past number of years we've demonstrated.
Speaker 5 (28:54):
Their commitment to the New Zealand food and negar sector
and we.
Speaker 8 (28:58):
Continue to demonstrate that huge important to us and hugely
important for us that we can help our farmers and
growers be really really successful and continue to thrive in
the next foot market. So I don't I don't bet
kindly to bes London to that category.
Speaker 2 (29:17):
And I didn't.
Speaker 3 (29:18):
I didn't think you would. I can I quote paraphrase
Christopher Luxon. Let me be clear about this, Todd. So
you're telling me this is like dumb and dumber. So
you're telling me you're not debanking anyone. Let's just tick
that box and move on.
Speaker 5 (29:32):
If they're not de banking anyone, Jamie.
Speaker 3 (29:34):
Trump and tariffs. Now Ben picked in your economists based
out of Sydney.
Speaker 2 (29:39):
There.
Speaker 3 (29:39):
I'm going to have a yarn to him, I think
next week about this. He's just released a paper on
this one. You're not fully across it because you've just
got back, I think from a flight back from Australia.
So I don't want to touch on it. But what
I will say and ask you for a comment on this,
this is like a moving feast. It just changes daily.
We really don't know what we're up against.
Speaker 8 (30:00):
Look, I think that's right, and I think I am
looking forward to reading the Reporter. I haven't read it yet,
but as you say, I mean, it's just the volatility
in the marketplaces, and we've seen you have the threat
of Paris in Mexico and in Canada, and I've been
pushed out.
Speaker 5 (30:14):
Thirty days, you know.
Speaker 8 (30:16):
And President Trump is certainly using trade as a weapon,
if you like, to get what he wants.
Speaker 5 (30:23):
And today he's sense of making.
Speaker 8 (30:25):
Programs, but that's the uncertainty of that to create the
cross that whole global trade space, and I think that's
going to be fascinating. And look, you know, I think
our companies are exporters, have always done a great job
in our markets and they'll continue to do so, but
it won't be easy, and they'll up and bound some
challenges along the way.
Speaker 3 (30:46):
I want to finish on a really positive note, a
great global dairy trade auction result overnight ten Bucks, Oh,
we're we're gonna lock it in, Eddie. I might have
to start talking eleven Bucks now to anyhow, And your
all Ices and egg report that was released last week,
and I talked to Emma Higgins about this one. But
I will say, as like a summary comment, it's been
(31:08):
a long time, Todd Charter, since I've seen such a
positive outlook for almost every sector in the primary sector.
Speaker 8 (31:18):
Yeah, no, Look, I think it's outstanding, and I think
and we saw that coming through late last year and
Confidence Survey had a lot more confidence from farmers and
growers in these commodity prices are really driving that. As
you say, it's not often, if at all, we've seen
such positivity across the whole spectrum and great to see
(31:39):
commodities like cheap meat have been really.
Speaker 5 (31:42):
Really tough.
Speaker 8 (31:42):
But to see what it is now at this time
of year can be the last year's positive and well
above and above that five year average looking forward. So yeah, look,
I think it's great and long mat continue, notwithstanding that
volatility that we've just.
Speaker 5 (31:56):
Spoken about in terms of trade.
Speaker 8 (31:59):
And also there is some and it's called out in
the report, you know, some some potential and cost pressures
from from the loud bar, and I.
Speaker 5 (32:07):
Thought it was really good.
Speaker 8 (32:08):
I had to call the other day quoting Calvin working
from CEO of Balance, just around some of our certainty's
on fun put side of fertilized prices and sourcing and
things like that. So I think there are some things
to be mindful of, but gee, over the whole thing,
it's it's talking great.
Speaker 3 (32:24):
Todd charteris chief executive of Rabobank. Thanks for your time.
Is always on the country, and I'm glad you're not
work because Parnell Edgar wouldn't let you back into Tapanui
if you were mad.
Speaker 5 (32:33):
That's right. Look forward to seeing your next week at Parliament. Dammy,
look forward to it. Thanks good.
Speaker 3 (32:37):
It's hard looking forward to that one as well. Now
Hayden has sent the text and about Richie is his
correction here? I read it wrong or he wrote it wrong.
He says Richie wouldn't have cranked out wagon wheel just
because it's better than the national anthem. That was Hayden's point.
You're getting stuck into t J Pieranara. I would love
to read out your texts, but I've been told to
stop ranting. And if I do continue ranting, I'll get
(32:59):
thrashed when I get home. Up next Lyndy Nelson, some
of our guests on the Country make a real effort
to be on the show. I certainly can say that
about Lyndy Nelson, who is the chair of Say for Farms.
(33:20):
Not good mobile reception on the Eketahuna farm. So she's
climbed to at the top of a hill on the
farm somewhere just so she can talk to us about
this new initiative with acc You know what, Lindy, before
we talk about your new initiative. I think the one
thing the government could do for New Zealand, for rural
New Zealand, is get better connectivity. It should be something
(33:42):
we all have as of right.
Speaker 2 (33:45):
Yeah, absolutely, Jamie, and look Ion, we've had old starlinks
for a couple of years and it's done done us proud.
But the last few weeks it just keeps dropping off.
So good hike to the top of the hill to
talk to you. Jamie's worthwhile, isn't it.
Speaker 3 (33:59):
Well? I think Lindian and Elon's got bigger fish to
fry rather than starlink at the moment he's sorting out
all the tariffs for Trump. Okay, look at these numbers.
Agriculture remains one of the most dangerous places for New
Zealanders to work. In twenty twenty four, ACC accepted over
seventeen thousand new farming related injury claims and spent over
(34:23):
one hundred and twenty four million to help people recover it.
And thus you've got this new joint initiative between Safer Farms,
which huge chair and ACC tell us about it.
Speaker 2 (34:35):
Well, it's hugely exciting for us and it's been a
four year pipeline to get here. It means we can
gear up our organization. We've had a lot of part
time and a lot of inkind people working. We can
get the organization up, we can get ourland communities, we
can work with farmers to find practical solutions. So it's huge.
(35:02):
And you know, farming is one of the dangerous places
to work. It's not good enough, you know, Jamie, if
you had an adult child who said I want to
go farming, I'm going to work someone else but potentially
either seriously injuring themselves or killing themselves to go no way.
And so we've got it. We've got to address the
(35:22):
harm that is occurring on farm and I know.
Speaker 3 (35:25):
You have real anged as to a lot of people.
In fact, everyone does about for instance, the quad bite deaths.
They're tragic.
Speaker 2 (35:34):
They're tragic. And you know the statement in that media
releases if most are preventable, what are we doing about it?
We've got to be curious, Jamie. You know we believe
that experience will keep us safe. Or if we just
pay attention and we do all these things, well, it
doesn't till it doesn't. No one goes to work thinking
(35:55):
we're going to kill myself today, and so we have
got to put some systems in place that protect us
when we make mistakes, because we're human and we know
through the work that our members have been doing there
are some solutions out there. But we also know we
don't have some solutions, and that's where we need to
come together with farmers and work those out. Farmers love
(36:17):
being involved in finding their own solutions, so this is
a perfect movement.
Speaker 3 (36:23):
ICC is going to invest eleven million over the next
five years. What are you going to spend it on?
Speaker 2 (36:29):
A gearing the organization up? So we've been very part
time and very little hands on the deck. So that
is one thing. Then there are four high harm areas
that we've got to address, one being vehicles, two being
the stuff that's caused around livestock handling, livestock psychosocial harm,
which has simply put the stuff that is causing us
(36:52):
mental harm at work. And the last one called the
hidden harms. So that's the things like sprays, even dust
in our yards. If we really find solutions for those four,
we'll nail it. I don't know we're going to do
it in five years. The first thing we have to
do is probably work with farmers and others in the
(37:16):
industry and come up with some solutions, but get farmers
curious about what they may be.
Speaker 3 (37:22):
Hey, before I let you go, you're standing on top
of the farm and Akadahuna. They're just outside Akadhona. How's
your season going. I understand you've had good rains in
the last month or so, so why a rapper will
be looking a picture.
Speaker 2 (37:33):
We had a boomer season all the way through, so
it's not often you actually can't see the sense for
the grass, but it's kind of one of those reasons.
Speaker 3 (37:42):
Jennie Blunday, Nelson's chair of Safer Farms, good luck and
your joint venture with ACC. We've got to stop these
farm related debts, too many of them. Keep up the
good work.
Speaker 2 (37:52):
Thanks Jenny.
Speaker 3 (37:57):
Wrapping the country, I've been too busy talking about tea
to tell you about the Golden Shares promo. Yesterday's winner
was Bruce Williams from Danavik. If you would like to
pass a double pass to the day and evening sessions
on the big final days Saturday, the first of March.
All you need to do is text Golden and your
name and where you're listening from to five double O
nine and b in two win, We'll have a break tomorrow.
(38:21):
Catch you back on Friday.
Speaker 1 (38:26):
Catch you're the latest from the land. It's the Country
Podcast with Jamie mcgae. Thanks to Brent, your specialist in
John Deere machinery
Catch all the latest from the land. It's The Country
Podcast with Jamie mckuae. Thanks to Brent. You're specialist in
John Deere construction equipment.
Speaker 2 (00:19):
Easy speaks, so high.
Speaker 3 (00:28):
Gooda New Zealand. Excuse me nearly cough. Welcome to the Country.
It's brought to you by Brent. I'm Jamie McKay I
need a drink of water. This is Katie Perry, California Girls.
She was one of the artists at Fire Aid year
raising money for the wildfires in California, more particularly Los Angeles.
(00:50):
It's all kicking off at White TONGUEI today, David Seymour's
are getting completely drowned out. One person who won't be
there is the Prime Minister, Christoph Lux and he's going
and I say, good on you if we're not going.
Earlier this morning I caught up with him. But is
he knee capping? Is he guilty? And is his government
guilty of kneecapping our biggest industry with their latest climate
(01:13):
targets of a climate target of fifty one to fifty
five percent of emissions reductions by twenty thirty five. I'll
ask him that one. He's none too keen on Seymour's
claim or idea or policy of pulling us out of
the Paris Agreement. But he does support Shane Jones's attack
(01:34):
on Woke banks talking about woke TJ. Pier and Aarra
And I'll tell you more about that one later. Richard Allen,
this is the good news story of the day. Fonterra's
President of Global market Ingredients. What a great title. That
is another great global dairy trade auction overnight ten dollars
seems to be locked and loaded. What about eleven? Todd
charteris chief executive of Rabobank previewing National LAMB Day and
(01:59):
Lindin Elson if we can track her down, she's the
chair of Safer Farms. She's in the wire rapper just
outside of Eccadahuna. A few coverage problems on the farm,
but I'm going to try and talk to her about
a new joint venture between ACC and Safer Farms to
try and prevent some of the more than seventeen thousand
(02:20):
farming related injury claims we had in twenty twenty four. Right,
leave you with a wee better Katie Perry, come back
with the Prime Minister. God, he's a very busy man
(02:57):
ahead of Waitangi, except he's not going to Waitangi, and
that is our Prime Minister, Christopher Luxeon. Okay, good GDT
result overnight. Just another example, Prime Minister, of why we
don't want to kneecap our biggest industry. Is that what
you're doing with your new emissions targets.
Speaker 4 (03:14):
Absolutely not. What we're doing is we're going hard on
economic growth and it's in our national interest to set
the targets in the way that we have because if
we don't, frankly, we'll end up hurting farming big time.
We're going to punish our farmers. I'm not prepared to
rest that. I want agriculture absolutely pumping in on our
economy pumping. So it's this is actually in our massive
national interest to do so, and that's why our whole
cabinet signed off on it, because you know it's really
(03:37):
it's important and we don't want to put our farmers
at risk because multinational companies or frankly, a lot of
countries we compete with in Europe would say, yeah, Elbia,
these guys aren't doing much, aren't committed to the goals,
and as a result, we'll keep them off the shelter.
Speaker 3 (03:51):
Okay, the twenty on the twenty thirty target of fifty percent,
now that was signed up by Jasinda and James Shaw. Correct, correct, So,
and you've come out with your new target fifty one
to fifty five percent reduction and emissions by twenty thirty five. Effectively,
you're only asking for one more percent, and that's intervening
(04:11):
five years. We can live with that, But what can
we do about the twenty thirty target, which is unreachable?
Speaker 4 (04:17):
Well, if you just back up a little bit, under
the Paris Agreement, we have to set a twenty thirty
five target that's bigger than the twenty thirty target. The
twenty thirty target for us is pretty stretching. That's why
we've said it will increase it over the next five
years by only by one to five percent. That we
think of the absolute highest we can and should do
considering our national interest, which is we want to keep
the economy growing really strongly. We're not going to sacrifice
(04:40):
any loss in farming at all. The twenty thirty target, Yep,
you're right, as pretty stretching. We've got to go for it.
But what we're not going to do is al fosteen
billions of dollars offshore as well. So we've got a
good plan. And to be honest, Jamie, you know I've
gone through it with Ray Smith. We've looked at the
innovation pipeline coming through Agrey Zero. If you think the
methane inhibitors, think about the bowlers, think about the workout
(05:05):
of the echo ponds out of Lincoln University and Ravenstown's
joint venture. There's a heap of technology between now and
twenty thirty five that gives us huge confidence that we
can do this without sacrificing any economic growth or any
farmer's being pushed off their land. We have zero tolerance.
We are not going to have farmers leave farming. We're
not going to send our farming jobs and activity offshore
(05:27):
to other countries that are less efficient than us. We
have the best farmers in the world. But I'm telling it.
If there's a lot of people say, oh, why don't
you come out of the Paris Agreement, well, I'll tell
you that's the fastest way to make New Zealand incredibly poor.
Because farming generates ten thousand dollars for every man, woman
and child in this country, and everyone whether you live
in the cities or in rural communities, will feel a
huge amount of pain and farmers will feel it tremendously.
Speaker 3 (05:48):
Now, David Seymour has floated a policy of pulling New
Zealand out of that Paris Climate Agreement, potentially making a
Paris withdrawal and ACT election promise. That would just be
another spanner in the works for you.
Speaker 4 (06:02):
Well, I just say really clearly, all the parties in
the coalition, cabinet and government agreed to this. They said
this is the highest that we can and we should
do considering our national interest, which is about economic growth.
And I'm telling you, withdrawing and ripping up international agreements
means you're not a trusted partner, means that you become
poorer because multinational country companies and also other countries that
(06:23):
we compete with would gladly get rid of our products.
So you know, Seymour can float an idea for his
election campaign for his ACT party, but he's also Minister
of the government and he committed to what we've done
this week.
Speaker 3 (06:36):
Has that Paris Agreement or is it in danger of
blowing up? Under Trump?
Speaker 4 (06:41):
There's only three countries that are not part of it a, Libya, Yemen,
and now the US. I think it's the US is
the fourth country that's not part of Paris. So just
you know, just in the perspective of the global trade
that we do. Yes, we do business with the US,
but we do business in Europe, we do business in Asia,
in the Pacific. And you've got one hundred and ninety
(07:03):
five countries.
Speaker 5 (07:04):
In the world.
Speaker 4 (07:04):
I think, as I said, only four, including now the US,
makes it four are not signed up to the agreement.
So you know, and what we've done is I think
very sensible because by committing to this twenty thirty five target,
what we're doing as we're for the first time aligning
our international obligations and commitments to what we've committed to
domestically here at home. And that's much much cleaner and
much much better for us because you know, as you
(07:27):
saw it the last year, we want to grow the
economy really strong. It's all about growth. That's job number one.
That's primary over everything else that we're doing, and it
needs to be in New Zealand for a number of
years and should be always. But what we've done is
delivered an a missions reduction plan that actually has the
potential to even deliver the zero twenty fifty earlier while
still keeping the economy growing and pumping to its maxim them.
(07:49):
So I'm really, really, really comfortable with this, and I
think farmers should be really comfortable.
Speaker 5 (07:54):
I appreciate it. There'll be a whole bunch.
Speaker 4 (07:56):
Of people trying to wind it up, but the reality
is that what will be have a lot pooreress.
Speaker 3 (08:00):
Okay, so you're not supporting Seymour's call to get us
out of the Paris Agreement, but you are thankfully supporting
the Prince of the Province of Shane Jones and his
attack on woke banks.
Speaker 5 (08:12):
Yeah.
Speaker 4 (08:12):
Well, look imman, it's utterly unacceptable. It's totally outrageous. I mean,
our banks need to finance the enterprises that ki Wes
actually need and when you've got banks not funding service
stations in rural New Zealand, that is utterly unacceptable. So
you know, we're up for anything and everything, but the
banks need to hear me in as I said yesterday,
the CEOs in particular monitoring the media need to be
(08:34):
saying hearing me. Clates say very strongly, we're losing patients
very quickly. We expect you as banks to finance the
enterprises that Kiwis need, like service stations, like mining operations.
We don't want the political posture and we want you
giving Kiwi's a better deal. So we've got this ongoing
CEO should be reached from what we're saying. Frankly, I'm
giving them lots of good warning. There's ongoing Select Committee
(08:56):
inquiry into the banking and Frankly will call the bank.
Speaker 3 (09:00):
How do you have over the Gaussie banks?
Speaker 4 (09:03):
I just think if you want to serve New Zealanders
and they are your customers, they want to fair deal
on banking. They don't want political posturing. And when you
go knock off a service station in provincial a Roral,
New Zealand, that is unacceptable, utterly unacceptable.
Speaker 3 (09:18):
Okay, Trump and tariffs a couple to quickly finish on.
This is bark worse than his bite.
Speaker 4 (09:24):
Well look, I mean, you know he's talked about tariffs.
You've seen what's happened this week. You know, proposed twenty
five percent of Mexico and Canada and then withdrawal. His
focus has been on the border and obviously around immigration concerns,
but also fentanyl coming in and out of that border.
He's been elected to act in his national interests. As
the American people's national interests, we're elected to act in
(09:46):
New Zealand's national interest. That for me is why we're
pushing so hard on trade and doing trade with as
many countries as we possibly can, and that's why we
did the UAE Free Trade Deal. Whateveryone's still on holiday.
That's why we're going to India very shortly, that's all.
We'll be in China in the second quarter, and that's
why I'm going to Indonesia and Vietnam frankly at the
end of this month. So we've got a lot of
(10:08):
work to do. Our job is to get the show
growing at growth, growth, growth.
Speaker 3 (10:11):
Christoph Luxon, good luck tomorrow. Thanks for your time today
on the country.
Speaker 5 (10:15):
Sure, Danie had a great day.
Speaker 3 (10:18):
Yeah, there you go. The Prime Minister caught up with
them a wee bit earlier this morning. Summer your feedback
coming in. Who is Ray Smith? The Prime Minister spoke of.
Is he with Greenpeace or Forest and Bird says don no,
he's not. He's the Director General of MPI. Sounds like
(10:39):
BS to me. Where are as balls? I think that's
in reference to the Prime Minister, Jamie, I like Raiser,
but he should have balls is a common theory here.
We're repeating theme here this afternoonshef Jamie, I like Razor,
but he should have grown some balls and dropped TJ.
That's from Muzz. Muzz is mostly wrong when he texts
(10:59):
into the country, but he's bang on there. Can you
imagine Can you imagine that nonsense happening with Richie McCaw
as the all Black captain. No, it probably wouldn't have
a definitely wouldn't.
Speaker 6 (11:14):
But do you wonder Okay, so I'm just going to
chuck this idea out there, Jamie, But do you wonder
if the NZRU had a part in that? It was
a bit of a political stunt for them?
Speaker 3 (11:25):
Oh, they're so weak. They are so weak. It wouldn't
surprise me. So it wouldn't happen under Richie's watch. And
I'll tell you what if the late Great Sir Brian
Lahore or Pine Tree Needs are about, I know who
would have got kicked to touch. It would have been TJ.
Speaker 6 (11:43):
Is that your ant for today?
Speaker 3 (11:46):
I've still gotill. I've got work banks to deal with
yet time I'll save some time for work banks. I'm
going to talk to Todd Charter as the chief executive
of Rabobank about a big event happening next week. We've
got the Lamb Day barbecue at Parliament next Tuesday, and
then of course Saturday is National Lamb Day. Also, Lindy
(12:07):
Nelson tells me she's going to walk all the way
to the top of her hill on Arekadhuna farm just
to chat to us today a bit later in the hour.
But up next, it's the good news story of the day,
the global dairy trade auction overnight cracking result. We're going
to talk to Fonterra's president of Global market Ingredients. Up next,
(12:27):
Richard Allen. It is today's good news story on the country.
(12:49):
Global dairy trade auction results overnight three point seven across
the board, but the really good numbers whole milk powder
up four point one percent after five percent at the
last auction, skim milk powder four point seven percent, and
we're going to come back to lactose. I don't know
what's going on there seventeen point seven percent. But to
(13:10):
tell us more, the very americanized Richard Allen, who's the
president of Global Markets Ingredients for Fonterra and Richard, you've
just come back from being based in Chicago. You're back
in en Z. In fact, last time I chatted to
you was early October when you were doing a farming
tour down in the Deep South. You've been everywhere, man,
Good afternoon by the way.
Speaker 7 (13:31):
Afternoon, Jamie, it's great to chat. Yes, we moved from
a very chilly Chicago a couple of weeks back back
to Auckland, so my wife and three kids were now
settled back in Auckland. And yes, it's good to be home.
Speaker 2 (13:45):
But yeah, we.
Speaker 7 (13:46):
Chadded our first week October when we were out doing
our annual results update for our farmers.
Speaker 3 (13:50):
Yeah, well just before we get onto the Global Dairy
Trade auction, because we've been talking about it a week.
But just life in America? Are you glad to get
out of there?
Speaker 7 (14:00):
Look, we love the States, to be honest, and you know,
there's you know, we have really fond memories of our
time up there that the kids had a great time,
and it's a wonderful country, right, you know, it's just
full of opportunity and it's you know, for ends at exporters,
it's a great place to be operating and you know,
great market for Kiwi products.
Speaker 5 (14:20):
You know.
Speaker 7 (14:20):
That being said, you know, there's definitely going to be
some challenges, but you know, the general feeling in the
US when we left was, you know, I think, an
overwhelming feeling of positivity. And yeah, it's it's great to
be home, but you know, some very fond memories of
being up there in Chicago.
Speaker 3 (14:35):
The Windy City is a great city, no doubt about that.
Speaker 5 (14:38):
Right.
Speaker 3 (14:38):
Let's have a look at this global every trade auction.
The futures market was picking it. I spoke to Mike
McIntyre at Jarden. You'll know Mike yesterday he said four
to five percent. He was bang on the money. But
what he did say in his commentary this morning, and
I'm going to throw this at you for comment, he
said the auction last night was a seminal moment in
determining the success of not only this season, but seasons
(15:02):
to come. And he's saying one hundred dollars a US
paton for whole milk powder and a fifty six CeNSE
exchange rate is always going to deliver ten dollars plus.
Now I've been banging on to your boss, Miles Hurle
about a ten dollar payment. I'm going to raise the stakes, awe,
But what about eleven dollars Richard.
Speaker 7 (15:23):
Look, you know our range at the minute is your
nine to fifty to ten to fifty. And it's exactly
why we put a range out there, because you know,
we can see these, you know, pretty significant into in
a month's movements eleven dollars. Look, I'd never rule anything
out in future seasons to come, but you know, for
this season right now, we we're at nine to fifty
to ten to fifty with a mid point of ten.
Speaker 3 (15:43):
Let's have a look at them. So whole milk powder
four point one percent off the back of five percent
last time. This is very good. You know, at the
beginning of the season, we were sitting around three thousand
US dollars Paton, We're over four thousand now.
Speaker 7 (15:57):
Yeah, this is this is a real good use story
across the season. And I think it's off the back
of you know, we've seen generally fairly type supply conditions
around the world, probably with the exception of New Zealand,
we've had a pretty good, pretty good milk season here
with the exception of Southland to start the season, and
then we've seen just good strong demand right around the world.
(16:18):
So we've seen China come back into the market, We've
seen good demand across our other regions. So hombre powder
is a really good indicator for you know, where global
dairy demands at, particularly for New Zealand dairy products and US.
To get over four thousand and to stay there, I
think is a really strong sign of kind of you know,
how the markets are seeing our product right now.
Speaker 3 (16:38):
And as I mentioned, the exchange rates not doing us
any harm either. Now, look it's Chinese New Year. Where
did the buyers come from from this oction? Were the
Chinese quiet or a bit quieter?
Speaker 7 (16:49):
We saw good suspension right across the board, to be honest,
and again, you know, given that we're through the Chinese
New Year period and a lot of the Chinese New
Year buying actually happens sort of the other side of
Christmas because obviously they've got aing it in and get
it ready for Chinese New Year. So to continue to
see good participation I think is a really good sign
in terms of, you know, the resilience of the demand
out there.
Speaker 3 (17:09):
You talked about production, the dry weather around the country,
is this season going to have a short tail We
don't know yet because the weather gods, no one can
know what they're doing. But at the moment, you know,
some of the key dairying provinces Wi Kato, Taranaki are
getting pretty dry.
Speaker 7 (17:27):
Yeah that's right, Jamie. And yeah again you know there's
there's a lot of varians that can happens, as you know,
from from now on into the to the.
Speaker 5 (17:34):
End of the season.
Speaker 7 (17:36):
You know, farmers are pretty well prepared these days in
terms of you know, managing to dry conditions. You know,
there's not many years where it doesn't get dry from.
Speaker 4 (17:44):
From this time onwards.
Speaker 7 (17:45):
But we're still seeing you know, pretty strong milk across
you know, nationally, you know South Island Canterbury particular is
always you know, fairly strong and so at this stage
things are definitely looking up on last year and it's
a pretty strong look forcast I've got got one.
Speaker 3 (18:00):
More question for you. We've talked about a whole milk powder,
skim milk powder. What the hell happened to lactose an
increase of a whopping seventeen point seven percent.
Speaker 7 (18:10):
Yeah, it's not product we sell on GEDT. So this
is this is the Europeans and you know we've seen
some pretty strong pricing for for way and lactose out
of Europe. I don't actually have the bias that's on
kind of what what happened there, but maybe someone got
caught short. But you know, the lactose and partecially just
the milk market in Europe has been firm now for
(18:32):
for well over twelve months, and we're starting to see
production creep up there and so that that might might
start to.
Speaker 5 (18:38):
Eat things a little bit.
Speaker 7 (18:39):
But yeah, overall, Europe's been in a pretty good position
for farmers up there in terms of the milk price
over the last twelve months.
Speaker 3 (18:46):
Is there anyone else some Fonterra that has a title president?
Speaker 7 (18:53):
Luckily for anyone else there ain't.
Speaker 5 (18:55):
No.
Speaker 7 (18:55):
It's American title, Yes, America.
Speaker 3 (18:58):
And I know you've come from a mere but I
thought Miles might call himself the president and you the
vice president.
Speaker 7 (19:05):
Ah, he's welcome to do that.
Speaker 4 (19:06):
He's device.
Speaker 3 (19:08):
Hey, Richard Allen, thanks for being a good sport. It's
been a great day for New Zealand dairy farmers and
for agriculture and more importantly for the New Zealand economy. Fonterra,
the dairy industry's driving it. Well done, keep up the
good work.
Speaker 7 (19:20):
Thanks Jamie, have a gret date.
Speaker 3 (19:22):
Thanks Richard. Twenty nine after twelve sum year feedback. It's
coming in thick and fast. The Prime Minister now sounds
like Chris Hipkins talking about omissions. Hi, Jamie, I think
Luxon is wrong about that, as we can keep our positive,
clean ideas without being tied to the Paris Agreement. The
USA is pulling out of the agreement and as our
(19:44):
second biggest trading partner, plus food production isn't included anyway,
writes John, Here's another one. Why has it taken so
long to criticize Peranara for the stunt? Well, I don't
think it has a lot of people criticize them. At
the time. It was his last game against Italy, and
(20:05):
that was just weak leadership by the All Blacks. When
they knew he was up to this, and some of
them did, they should have pulled him in the differences, Michelle,
you and I were discussing this one this morning. I
remember back to a great All Black, Josh Cromfould, and
he had his head gear on and he had to
ban the bomb thing. But that was different. That's like
a personal protest that he made or a statement that
(20:28):
he made. Perinara was leading the harker on behalf of
all the all Blacks and on behalf of our nation.
Speaker 6 (20:36):
Yeah, Josh Cronfeld's actually one of my favorite all blacks.
Speaker 3 (20:38):
Well that's got nothing to do, you know.
Speaker 6 (20:40):
I just wanted to spend it in a positive direction.
Speaker 3 (20:42):
Well, TJ is one of my least favorite all blacks,
has been for a long time. But this sort of stunt.
I look, we talk about woke banks, and we're going
to talk about woke banks with Todd Charters and a tick.
But n z Are they're week. They are absolutely weak.
If they knew about that, they should have knocked it
on the head. Never mind trying. Thank god, we're dealing
(21:04):
in rural radio and we can ring up the Prime
Minister every Wednesday morning at seven point thirty and you
get them. You try ringing up an all black in
this country. And it's not that the All Blacks don't
want to speak to the media, it's just controlled by
n z Are. They're useless. If I didn't love the
all Blacks so much, I wouldn't watch them. But I'll
(21:25):
make an exception. Okay, up next, the latest in rural
News and sports news. Todd charteris National Lambday coming up,
Folk Banks, a great Future for agriculture and Lyndy Nelson
if we can find her on the top of a
hill somewhere near Ekedahuna.
Speaker 2 (21:44):
Seema Legend and the snow.
Speaker 3 (21:54):
Welcome back to the country. It's brought to you by Brandt.
I'm Jamie McKay. Very shortly the Latest and the Rural
News with Michelle Watt and the other member of our
team are Rowena Duncan has over the past few weeks
teamed up with Beef and Lamb New Zealand for a
special four past four part Get It Right podcast series
looking at the key aspects of the Eliminating Facial XMA
(22:17):
Impacts program. The final episode is now live on the
country's podcast feed. We all know facial XMA is a nasty,
costly disease that's affected New Zealand livestock farmers for over
one hundred years. So to wrap the series, Rose once
again joined by doctor Kara Brosnahan, principal scientist at Beef
(22:37):
and Lamb New Zealand, they look at different ways of
managing facial XMA and why we need better tools to
tackle it, everything from breeding strategies to pasture management and
innovative solutions. They cover the lot the podcasts called Eliminating
Facial Xmas Impacts and as I mentioned, you'll find it
(22:58):
on the Country's Podcast or wherever you get your podcasts.
Plus the link is up on our Facebook page. So
there you go. Here's the latest and rural news with Michelle.
Speaker 1 (23:09):
To the Country's World News with Cob Cadet, New Zealand's
leading right on lawnlower bread. Visit steel Ford dot Cot
dot Z for your local stockist.
Speaker 6 (23:18):
More than three million trays of Zespre ruby read Keiwi
fruit will be available this season, some of which will
be arriving for the first time in the Philippines, Indonesia,
Thailand and the Pacific Islands. Harvest for the berry colored
variety that is the latest to come through Zesbrey's world
leading Kiwi fruit breeding program gets underway in New Zealand
in the coming weeks, with a large increase in volume
(23:40):
to mainland China and Japan and New Zealand. Young Farmer's
Chief Executive Linda Coppersmith will step down from her role
after the FMG Young Farmer of the Year Grand Final
in July. Coppersmith has held the role for six years
and has led many successful implementations, including expanding sponsorship based
despite the challenging market condition, and achieving record breaking participation
(24:02):
and competitions. The n zed wafboard will begin recruiting for
their next chief executive this month. And that's Rural News Sport.
Speaker 1 (24:11):
We're the nth go Kiwi to the bone since nineteen
oh four.
Speaker 3 (24:15):
Thanks sure, I haven't even got round to finding the sports,
so we'll just continue on with the TJ. Perinara and
nz Are theme because lots of feedback coming in on
this one. Steve from tekawet He said, I stopped watching
the All Blacks when they went pro. Geez, Steve, that's
a bit tough. That was nineteen ninety six or ninety
five ninety six really, and of course that I think
(24:38):
that was the year that Josh Cronfild wore the and
the bomb on his head gear. We like Josh. He's
a text and from a Penny Mackay, she says, stop ranting.
Speaker 6 (24:51):
I feel like you don't get listened to a home.
Do you get listened to it outlet?
Speaker 3 (24:56):
This is my outlet because I go home and I
get thrashed. So I do, and I have my we
turn on the radio. Here I can get my say here.
Also here here Jamie, this week, I should say pee
week leadership by n z R. Alright, per and are
customizing the Harker. Why not change the cords of the
(25:16):
national anthem while you're at it. Richie would have cranked
out wagon Well just because he rates it. Apparently it's
a great song.
Speaker 6 (25:25):
I I love.
Speaker 3 (25:26):
That song Wagon Well. Yeah, and no more colored boots
and the word colored boots under Richie either. He made
them all wear black boots.
Speaker 6 (25:34):
They did.
Speaker 3 (25:34):
The uniform is the uniform? Pee off if you don't
like the dress code, says Hayden. So he's not putting
up with any of TJ's nonsense either. I'm sorry if
I've offended anyone with the rant, but I've been stewing
and bubbling away on this one for about how long
since that last game? Three or four months? No, no, no, no,
I'd have to be October Novatalie. Look, he was a
(25:57):
good rugby player, I'm not denying that. And when Aaron
Smith went in, some ways he was the best choice
and we didn't have Cam royguard and I get all that,
but he's he stepped out of line in my humble
opinion as an all black fan the way he politicized
the Harker end of TJ Piranara from woke rugby players
to woke banks. Todd Charter us up next, La, here's
(26:23):
a bloke we'll be running into in Wellington on Tuesday
for the National Lamb Day barbecue on Parliament Grounds on
the lawn. The Speaker's lorn in fact, really looking forward
to that one. Todd charteris chief executive of Rabobank along
with FMG, they are supporting this wonderful initiative and Todd,
we need to encourage all New Zealanders to have a
(26:44):
crack at LAMB on National Lamb Day February the fifteenth,
and I hope, like how the supermarkets come to the party.
Speaker 8 (26:50):
Good afternoon, Yeah, Jamie, Yeah, Look, I think it's going
to be a great, a great event next week.
Speaker 5 (26:56):
And as you say, I think you know, anything we.
Speaker 8 (26:59):
Can do to charried to the consumption of Lamb across
New Zealanders is great and I think it's a great
initiative obviously lead by Beef and Lamb New Zealand Ravivanks
delighted to be a principal partner this year and get
them behind it. Super excited by it and something that's
dear to my heart. Having grown up in Setland, we're
(27:20):
lots of sheep back there in most days and as
I say, it's deed in my heart, so really keen
to support it.
Speaker 3 (27:26):
We're celebrating the anniversary of the first frozen lamb shipman
to leave New Zealand on February fifteenth, eighteen eighty two.
Even though Todd there was a lot more mutton four
three hundred and thirty one without sounding boring carcasses on board,
there was only just under six hundred lamb carcasses. There
was also pigs here, pheasant, turkey and chicken. Someone had
(27:47):
counted twenty two hundred and twenty six sheep tongues plus
and I think this is not a well known fact,
two hundred and forty six kegs of butter. So you
could argue Todd that not only was the good ship
to need in carrying our first frozen meat shipment from
New Zealand, it was the beginning of our export dairy
industry as well.
Speaker 8 (28:07):
Oh absolutely, And I think it's a wonderful thing to
celebrate and having grown up and Toneden, I knew the
story quite well about the actually, mister Eden, and in
the history that goes with it in years you say
it was the start of a wonderful trading experience for
New Zealand and reputation that we've continued to build on globally.
Speaker 5 (28:26):
And I think it's state to celebrate.
Speaker 3 (28:28):
Okay, I've been busy patting you on the back at
Rabobank there, Todd. We're getting in behind National Lamb Day. Now,
you don't fall into the bracket of a woke bank.
Please tell me you're not. Are you? And Shane Jones's sites.
Speaker 8 (28:40):
Well, we're definitely not a wake bank. Not when it
comes to food negro in this country. We're hugely admitted
that there's lots of comments going around the place all
the this that you having. But I think over the
past number of years we've demonstrated.
Speaker 5 (28:54):
Their commitment to the New Zealand food and negar sector
and we.
Speaker 8 (28:58):
Continue to demonstrate that huge important to us and hugely
important for us that we can help our farmers and
growers be really really successful and continue to thrive in
the next foot market. So I don't I don't bet
kindly to bes London to that category.
Speaker 2 (29:17):
And I didn't.
Speaker 3 (29:18):
I didn't think you would. I can I quote paraphrase
Christopher Luxon. Let me be clear about this, Todd. So
you're telling me this is like dumb and dumber. So
you're telling me you're not debanking anyone. Let's just tick
that box and move on.
Speaker 5 (29:32):
If they're not de banking anyone, Jamie.
Speaker 3 (29:34):
Trump and tariffs. Now Ben picked in your economists based
out of Sydney.
Speaker 2 (29:39):
There.
Speaker 3 (29:39):
I'm going to have a yarn to him, I think
next week about this. He's just released a paper on
this one. You're not fully across it because you've just
got back, I think from a flight back from Australia.
So I don't want to touch on it. But what
I will say and ask you for a comment on this,
this is like a moving feast. It just changes daily.
We really don't know what we're up against.
Speaker 8 (30:00):
Look, I think that's right, and I think I am
looking forward to reading the Reporter. I haven't read it yet,
but as you say, I mean, it's just the volatility
in the marketplaces, and we've seen you have the threat
of Paris in Mexico and in Canada, and I've been
pushed out.
Speaker 5 (30:14):
Thirty days, you know.
Speaker 8 (30:16):
And President Trump is certainly using trade as a weapon,
if you like, to get what he wants.
Speaker 5 (30:23):
And today he's sense of making.
Speaker 8 (30:25):
Programs, but that's the uncertainty of that to create the
cross that whole global trade space, and I think that's
going to be fascinating. And look, you know, I think
our companies are exporters, have always done a great job
in our markets and they'll continue to do so, but
it won't be easy, and they'll up and bound some
challenges along the way.
Speaker 3 (30:46):
I want to finish on a really positive note, a
great global dairy trade auction result overnight ten Bucks, Oh,
we're we're gonna lock it in, Eddie. I might have
to start talking eleven Bucks now to anyhow, And your
all Ices and egg report that was released last week,
and I talked to Emma Higgins about this one. But
I will say, as like a summary comment, it's been
(31:08):
a long time, Todd Charter, since I've seen such a
positive outlook for almost every sector in the primary sector.
Speaker 8 (31:18):
Yeah, no, Look, I think it's outstanding, and I think
and we saw that coming through late last year and
Confidence Survey had a lot more confidence from farmers and
growers in these commodity prices are really driving that. As
you say, it's not often, if at all, we've seen
such positivity across the whole spectrum and great to see
(31:39):
commodities like cheap meat have been really.
Speaker 5 (31:42):
Really tough.
Speaker 8 (31:42):
But to see what it is now at this time
of year can be the last year's positive and well
above and above that five year average looking forward. So yeah, look,
I think it's great and long mat continue, notwithstanding that
volatility that we've just.
Speaker 5 (31:56):
Spoken about in terms of trade.
Speaker 8 (31:59):
And also there is some and it's called out in
the report, you know, some some potential and cost pressures
from from the loud bar, and I.
Speaker 5 (32:07):
Thought it was really good.
Speaker 8 (32:08):
I had to call the other day quoting Calvin working
from CEO of Balance, just around some of our certainty's
on fun put side of fertilized prices and sourcing and
things like that. So I think there are some things
to be mindful of, but gee, over the whole thing,
it's it's talking great.
Speaker 3 (32:24):
Todd charteris chief executive of Rabobank. Thanks for your time.
Is always on the country, and I'm glad you're not
work because Parnell Edgar wouldn't let you back into Tapanui
if you were mad.
Speaker 5 (32:33):
That's right. Look forward to seeing your next week at Parliament. Dammy,
look forward to it. Thanks good.
Speaker 3 (32:37):
It's hard looking forward to that one as well. Now
Hayden has sent the text and about Richie is his
correction here? I read it wrong or he wrote it wrong.
He says Richie wouldn't have cranked out wagon wheel just
because it's better than the national anthem. That was Hayden's point.
You're getting stuck into t J Pieranara. I would love
to read out your texts, but I've been told to
stop ranting. And if I do continue ranting, I'll get
(32:59):
thrashed when I get home. Up next Lyndy Nelson, some
of our guests on the Country make a real effort
to be on the show. I certainly can say that
about Lyndy Nelson, who is the chair of Say for Farms.
(33:20):
Not good mobile reception on the Eketahuna farm. So she's
climbed to at the top of a hill on the
farm somewhere just so she can talk to us about
this new initiative with acc You know what, Lindy, before
we talk about your new initiative. I think the one
thing the government could do for New Zealand, for rural
New Zealand, is get better connectivity. It should be something
(33:42):
we all have as of right.
Speaker 2 (33:45):
Yeah, absolutely, Jamie, and look Ion, we've had old starlinks
for a couple of years and it's done done us proud.
But the last few weeks it just keeps dropping off.
So good hike to the top of the hill to
talk to you. Jamie's worthwhile, isn't it.
Speaker 3 (33:59):
Well? I think Lindian and Elon's got bigger fish to
fry rather than starlink at the moment he's sorting out
all the tariffs for Trump. Okay, look at these numbers.
Agriculture remains one of the most dangerous places for New
Zealanders to work. In twenty twenty four, ACC accepted over
seventeen thousand new farming related injury claims and spent over
(34:23):
one hundred and twenty four million to help people recover it.
And thus you've got this new joint initiative between Safer Farms,
which huge chair and ACC tell us about it.
Speaker 2 (34:35):
Well, it's hugely exciting for us and it's been a
four year pipeline to get here. It means we can
gear up our organization. We've had a lot of part
time and a lot of inkind people working. We can
get the organization up, we can get ourland communities, we
can work with farmers to find practical solutions. So it's huge.
(35:02):
And you know, farming is one of the dangerous places
to work. It's not good enough, you know, Jamie, if
you had an adult child who said I want to
go farming, I'm going to work someone else but potentially
either seriously injuring themselves or killing themselves to go no way.
And so we've got it. We've got to address the
(35:22):
harm that is occurring on farm and I know.
Speaker 3 (35:25):
You have real anged as to a lot of people.
In fact, everyone does about for instance, the quad bite deaths.
They're tragic.
Speaker 2 (35:34):
They're tragic. And you know the statement in that media
releases if most are preventable, what are we doing about it?
We've got to be curious, Jamie. You know we believe
that experience will keep us safe. Or if we just
pay attention and we do all these things, well, it
doesn't till it doesn't. No one goes to work thinking
(35:55):
we're going to kill myself today, and so we have
got to put some systems in place that protect us
when we make mistakes, because we're human and we know
through the work that our members have been doing there
are some solutions out there. But we also know we
don't have some solutions, and that's where we need to
come together with farmers and work those out. Farmers love
(36:17):
being involved in finding their own solutions, so this is
a perfect movement.
Speaker 3 (36:23):
ICC is going to invest eleven million over the next
five years. What are you going to spend it on?
Speaker 2 (36:29):
A gearing the organization up? So we've been very part
time and very little hands on the deck. So that
is one thing. Then there are four high harm areas
that we've got to address, one being vehicles, two being
the stuff that's caused around livestock handling, livestock psychosocial harm,
which has simply put the stuff that is causing us
(36:52):
mental harm at work. And the last one called the
hidden harms. So that's the things like sprays, even dust
in our yards. If we really find solutions for those four,
we'll nail it. I don't know we're going to do
it in five years. The first thing we have to
do is probably work with farmers and others in the
(37:16):
industry and come up with some solutions, but get farmers
curious about what they may be.
Speaker 3 (37:22):
Hey, before I let you go, you're standing on top
of the farm and Akadahuna. They're just outside Akadhona. How's
your season going. I understand you've had good rains in
the last month or so, so why a rapper will
be looking a picture.
Speaker 2 (37:33):
We had a boomer season all the way through, so
it's not often you actually can't see the sense for
the grass, but it's kind of one of those reasons.
Speaker 3 (37:42):
Jennie Blunday, Nelson's chair of Safer Farms, good luck and
your joint venture with ACC. We've got to stop these
farm related debts, too many of them. Keep up the
good work.
Speaker 2 (37:52):
Thanks Jenny.
Speaker 3 (37:57):
Wrapping the country, I've been too busy talking about tea
to tell you about the Golden Shares promo. Yesterday's winner
was Bruce Williams from Danavik. If you would like to
pass a double pass to the day and evening sessions
on the big final days Saturday, the first of March.
All you need to do is text Golden and your
name and where you're listening from to five double O
nine and b in two win, We'll have a break tomorrow.
(38:21):
Catch you back on Friday.
Speaker 1 (38:26):
Catch you're the latest from the land. It's the Country
Podcast with Jamie mcgae. Thanks to Brent, your specialist in
John Deere machinery
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