1 00:00:00,280 --> 00:00:04,040 Speaker 1: Jamie McKay, host of the Countries with US. Hello Jamie, Hello, 2 00:00:04,640 --> 00:00:06,480 Speaker 1: how good was that milk auction? 3 00:00:07,560 --> 00:00:10,640 Speaker 2: Bloody good? In a word or in two words? Yeah, Look, 4 00:00:10,640 --> 00:00:14,000 Speaker 2: it was the best GDT auction for two years. I 5 00:00:14,000 --> 00:00:16,880 Speaker 2: know you talked about it yesterday, Whole milk powder posting 6 00:00:16,920 --> 00:00:21,560 Speaker 2: its best single event gain since twenty twenty one. Interestingly, 7 00:00:21,600 --> 00:00:23,400 Speaker 2: Fonterra is still so that they're going to have to 8 00:00:23,440 --> 00:00:25,800 Speaker 2: move Obviously, they're sitting at eight dollars at the moment 9 00:00:26,079 --> 00:00:28,960 Speaker 2: for their forecast milk price for this season, that the 10 00:00:29,040 --> 00:00:31,720 Speaker 2: futures market is at eight dollars eighty. In this afternoon 11 00:00:31,760 --> 00:00:34,040 Speaker 2: or later on this afternoon, I found out that the 12 00:00:34,159 --> 00:00:39,159 Speaker 2: NZX milk price forecast has now lifted to a range 13 00:00:39,400 --> 00:00:41,720 Speaker 2: of well, I won't tell you the range, but the 14 00:00:41,760 --> 00:00:46,000 Speaker 2: mid point of the range is nine dollars thirty three Heather. So, 15 00:00:46,360 --> 00:00:49,360 Speaker 2: at those sort of numbers, dairy farmers are quite literally 16 00:00:49,680 --> 00:00:52,239 Speaker 2: starting to cook with gas. They are good numbers if 17 00:00:52,280 --> 00:00:54,880 Speaker 2: they know if they come to pass. 18 00:00:54,680 --> 00:00:57,080 Speaker 1: Yeah, brilliant. I'm very very pleased with them. Why are 19 00:00:57,160 --> 00:00:59,840 Speaker 1: farmers so freaked out about this report into planting trees? 20 00:01:01,440 --> 00:01:06,120 Speaker 2: Well, let me quote Toby Williams Federated Farmers, Meat and 21 00:01:06,160 --> 00:01:09,440 Speaker 2: Wael chair and he's probably the biggest critic I know, Toby. 22 00:01:09,880 --> 00:01:12,120 Speaker 2: He's based up there in Gisbon on the east coast 23 00:01:12,319 --> 00:01:17,880 Speaker 2: of carbon farming and forestry taking over good crazible land. 24 00:01:17,959 --> 00:01:23,240 Speaker 2: He's saying this report out called why Pines, it's a 25 00:01:23,880 --> 00:01:26,679 Speaker 2: white paper that was released today by our Land and 26 00:01:26,720 --> 00:01:30,319 Speaker 2: Water National Science Challenge, and he says it may have 27 00:01:30,360 --> 00:01:32,520 Speaker 2: been published as a report, but it reads more like 28 00:01:32,520 --> 00:01:36,160 Speaker 2: a horror story for his Zealand farmers and rural communities. 29 00:01:36,400 --> 00:01:38,319 Speaker 2: You know. The study, he says, makes it clear that 30 00:01:38,440 --> 00:01:41,800 Speaker 2: under the current policy settings will continue to see millions 31 00:01:41,800 --> 00:01:46,400 Speaker 2: of hectares of productive farmland plastered in pine plantations. And 32 00:01:46,400 --> 00:01:49,120 Speaker 2: he's saying planting pines as far as the eye can 33 00:01:49,160 --> 00:01:52,320 Speaker 2: see may well help reduce missions or improve water quality, 34 00:01:52,320 --> 00:01:55,240 Speaker 2: which is the idea of this report. But somebody has 35 00:01:55,320 --> 00:01:58,000 Speaker 2: to ask the question at what cost? And listen for 36 00:01:58,040 --> 00:02:00,400 Speaker 2: this one ether, here's my final shot. One of the 37 00:02:00,400 --> 00:02:04,080 Speaker 2: studies even found out that if there was no carbon price, 38 00:02:04,120 --> 00:02:06,559 Speaker 2: if carbon was worth nothing, it's currently trading at about 39 00:02:06,600 --> 00:02:10,040 Speaker 2: sixty bucks a ton, one fifth of sheep and sheep 40 00:02:10,040 --> 00:02:13,160 Speaker 2: and beef country would still need to be converted to 41 00:02:13,240 --> 00:02:17,240 Speaker 2: pine forest to meet our current freshwater goals. So you know, 42 00:02:17,520 --> 00:02:20,280 Speaker 2: sticky times ahead for sheep and beef up against the trees. 43 00:02:20,600 --> 00:02:23,760 Speaker 1: I was under the impression that somehow the NATS were 44 00:02:23,760 --> 00:02:26,120 Speaker 1: going to crack down on this stuff and stop all 45 00:02:26,120 --> 00:02:28,440 Speaker 1: of the planting just getting out of control. Was I wrong? 46 00:02:29,520 --> 00:02:31,600 Speaker 2: Well, I think they have cut down and I think 47 00:02:31,600 --> 00:02:35,320 Speaker 2: eating fair to the previous government and Damian O'Connor of 48 00:02:35,440 --> 00:02:38,200 Speaker 2: they kind of cut down on carbon farming, so we're 49 00:02:38,240 --> 00:02:40,880 Speaker 2: not actually I think the days of spray and walk 50 00:02:40,919 --> 00:02:44,640 Speaker 2: away people just buying some land, planting some pine trees 51 00:02:45,800 --> 00:02:48,800 Speaker 2: were basically walking away after thirty years, but collecting all 52 00:02:48,800 --> 00:02:52,200 Speaker 2: the carbon credits along the way are gone. But forestry 53 00:02:52,280 --> 00:02:54,520 Speaker 2: log prices are down at the moment, but by you 54 00:02:54,600 --> 00:02:56,639 Speaker 2: need to get two bites at the sherry. So if 55 00:02:56,639 --> 00:02:59,360 Speaker 2: you plant now, you're going to get hopefully a meaningful 56 00:02:59,360 --> 00:03:02,359 Speaker 2: return for your logs and twenty five or thirty years time, 57 00:03:02,400 --> 00:03:04,360 Speaker 2: but you're going to clip the ticket on carbon credits 58 00:03:04,400 --> 00:03:06,720 Speaker 2: on the way through. So it's a bit like sheep 59 00:03:06,760 --> 00:03:08,800 Speaker 2: farming used to be. Sheep farming here they used to 60 00:03:08,840 --> 00:03:11,120 Speaker 2: have two bites at the cherry as well. Meat and 61 00:03:11,160 --> 00:03:14,919 Speaker 2: wool Wallsworth next to nothing now, so the forestry has 62 00:03:15,000 --> 00:03:16,440 Speaker 2: taken over that mantle I. 63 00:03:16,400 --> 00:03:18,000 Speaker 1: See, Jamie, thank you so much. We have chat to 64 00:03:18,000 --> 00:03:19,919 Speaker 1: you again next week. Jamie McKay host to the Country 65 00:03:20,639 --> 00:03:22,840 Speaker 1: for more from Heather Duplessy Allen Drive. 66 00:03:23,000 --> 00:03:24,440 Speaker 2: Listen live to news talks. 67 00:03:24,440 --> 00:03:27,640 Speaker 1: It'd be from four pm weekdays, or follow the podcast 68 00:03:27,720 --> 00:03:28,679 Speaker 1: on iHeartRadio.