1 00:00:00,000 --> 00:00:02,360 Speaker 1: Evan with me right now. Is Jamie mckaye, Host of 2 00:00:02,360 --> 00:00:05,440 Speaker 1: the Country. Hey, Jamie good head, Hey, are you going 3 00:00:05,480 --> 00:00:06,920 Speaker 1: to the christ JMP show? 4 00:00:06,960 --> 00:00:09,920 Speaker 2: Are you? Yes? I am. I'm about to board a 5 00:00:09,920 --> 00:00:12,520 Speaker 2: plane from Dunedin and if I get the call, I'll 6 00:00:12,520 --> 00:00:14,079 Speaker 2: have to hang up on you quickly. But I'm not 7 00:00:14,160 --> 00:00:16,639 Speaker 2: due to board till six thirty, so I should be safe. 8 00:00:16,680 --> 00:00:19,200 Speaker 1: Ye mate, You're not boarding at six thirty, don't worry 9 00:00:19,239 --> 00:00:19,560 Speaker 1: about it. 10 00:00:20,239 --> 00:00:25,120 Speaker 2: Yeah. Hey, well I could be joining sixty thousand others 11 00:00:25,239 --> 00:00:27,800 Speaker 2: at the christ Church amp Show this year. They're calling 12 00:00:27,800 --> 00:00:29,720 Speaker 2: it that it used to be called. It was the 13 00:00:29,840 --> 00:00:32,800 Speaker 2: Artist formerly known as the New Zealand Agricultural Show, which 14 00:00:32,840 --> 00:00:35,080 Speaker 2: is a week down on the one hundred thousand they 15 00:00:35,120 --> 00:00:38,199 Speaker 2: normally get. It is the biggest amp show in the country, 16 00:00:38,280 --> 00:00:43,320 Speaker 2: or it was until it was canceled at the beginning 17 00:00:43,320 --> 00:00:45,440 Speaker 2: of this year, and to be fair, a local event 18 00:00:45,520 --> 00:00:48,720 Speaker 2: hire company and Sir David Carter got together and they 19 00:00:50,080 --> 00:00:52,519 Speaker 2: revived it. So good on them. A bit of a 20 00:00:52,680 --> 00:00:55,640 Speaker 2: cold and damp start to the show today, only hired 21 00:00:55,640 --> 00:00:58,560 Speaker 2: at sixteen tomorrow they're expecting eighteen which will be better 22 00:00:58,880 --> 00:01:01,720 Speaker 2: and the last day of the show for the public 23 00:01:01,760 --> 00:01:04,520 Speaker 2: on Saturday, only twelve decrees and of course a big 24 00:01:04,560 --> 00:01:07,400 Speaker 2: day at Rickerdon on Saturday as well free for all 25 00:01:07,400 --> 00:01:11,039 Speaker 2: at Addington tomorrow, so it's all on. Really looking forward 26 00:01:11,040 --> 00:01:13,880 Speaker 2: to it. The sharing, the wood shopping and the equestrian 27 00:01:13,959 --> 00:01:16,880 Speaker 2: get under way tomorrow. It's a public holiday in at 28 00:01:16,959 --> 00:01:19,959 Speaker 2: christ Church, so looking forward to it. 29 00:01:20,080 --> 00:01:22,680 Speaker 1: The Fonterra AGM today. How did the farmers in the 30 00:01:22,680 --> 00:01:25,440 Speaker 1: shareholder and so on feel about the consumer brands being 31 00:01:25,440 --> 00:01:25,920 Speaker 1: sold off? 32 00:01:27,000 --> 00:01:30,200 Speaker 2: Well? I think there was some grumblings, but not too many. 33 00:01:30,319 --> 00:01:34,280 Speaker 2: Peter McBride, who's a very smart man, Myles Hurrell, gets 34 00:01:34,680 --> 00:01:37,440 Speaker 2: a lot of the credit quite rightly. So as chief 35 00:01:37,480 --> 00:01:41,120 Speaker 2: executive he's the front face if you want to Fontira. 36 00:01:41,280 --> 00:01:44,520 Speaker 2: Peter McBride's a kind of a reserved sort of guy, 37 00:01:44,600 --> 00:01:47,040 Speaker 2: but he's got a very good track record at Zespri 38 00:01:47,760 --> 00:01:50,640 Speaker 2: before Fonterra and between the two of them they've really 39 00:01:50,680 --> 00:01:53,720 Speaker 2: turned the good ship Fonterra around. And he has fronted 40 00:01:53,800 --> 00:01:56,400 Speaker 2: up to the shareholders there and said, look, you can 41 00:01:56,440 --> 00:01:58,880 Speaker 2: spend this money better than we can, and look I 42 00:01:58,880 --> 00:02:02,400 Speaker 2: don't think there'll be too many rumbles from the Farmers shareholders. Heather, 43 00:02:02,440 --> 00:02:05,280 Speaker 2: it's worth about two bucks two Bucks and counting a 44 00:02:05,400 --> 00:02:07,760 Speaker 2: share for them. And just remember this, at the beginning 45 00:02:07,840 --> 00:02:10,280 Speaker 2: of the year, they're farmer's shares that they've got a 46 00:02:10,320 --> 00:02:13,239 Speaker 2: buy to supply the co op. We're trading at two 47 00:02:13,280 --> 00:02:15,040 Speaker 2: dollars fifty. I think they were at a low of 48 00:02:15,120 --> 00:02:19,400 Speaker 2: two dollars twelve last year. They're up to four dollars 49 00:02:19,600 --> 00:02:23,359 Speaker 2: eighty eight today, so they've seen a considerable improvement on 50 00:02:23,680 --> 00:02:25,920 Speaker 2: their balance sheet. And if they get another couple of 51 00:02:25,960 --> 00:02:29,440 Speaker 2: bucks a share, you know they're starting to cook with gas. 52 00:02:29,480 --> 00:02:34,839 Speaker 2: They're in the high sixes. Interestingly, also, Fonterra came out 53 00:02:34,880 --> 00:02:38,280 Speaker 2: recently and on Monday I think it was, and obviously 54 00:02:38,320 --> 00:02:41,160 Speaker 2: went to nine dollars fifty for a midpolymp at the 55 00:02:41,240 --> 00:02:44,960 Speaker 2: futures market, and that only is the future is sitting 56 00:02:45,000 --> 00:02:48,040 Speaker 2: now at nine dollars ninety. I see ben Z lifted 57 00:02:48,040 --> 00:02:51,320 Speaker 2: theirs up to nine seventy five. Look, Heather, I think 58 00:02:51,360 --> 00:02:53,600 Speaker 2: I said this to you the other day. Ten dollars 59 00:02:53,960 --> 00:02:57,480 Speaker 2: is on the cards. Now. You talked about Trump trump 60 00:02:57,560 --> 00:03:03,160 Speaker 2: and American me up, supposedly New Zealand dollar down, so 61 00:03:03,320 --> 00:03:07,080 Speaker 2: all those things are playing in the favor of New 62 00:03:07,160 --> 00:03:10,880 Speaker 2: Zealand exporters. Just on that Fonterra AGM today. The only 63 00:03:10,960 --> 00:03:14,160 Speaker 2: hiccup I think they were greeted by some Greenpeace protesters 64 00:03:14,200 --> 00:03:16,880 Speaker 2: calling for a band on palm Colonel. But when it 65 00:03:16,919 --> 00:03:20,839 Speaker 2: comes to protesting, let's face it. Today Heather Greenpeace, which 66 00:03:21,000 --> 00:03:21,480 Speaker 2: just bored. 67 00:03:21,800 --> 00:03:24,680 Speaker 1: Hey, you've got one minute before you board. Best of luck, Jamie, 68 00:03:24,720 --> 00:03:26,960 Speaker 1: Thank you, Jamie McKay, host to the Country. 69 00:03:27,520 --> 00:03:30,679 Speaker 2: For more from Heather Duplassy, Allen Drive, listen live to 70 00:03:30,800 --> 00:03:33,800 Speaker 2: news talks it'd be from four pm weekdays, or follow 71 00:03:33,840 --> 00:03:35,640 Speaker 2: the podcast on iHeartRadio.