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Speaker 1: So the Financial Markets Conduct of Institution's Amendment Bill has

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Speaker 1: been plucked from the ballot today. That is the New

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Speaker 1: Zealand First Amendment Bill that would try and take on

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Speaker 1: quote woke bank lending. And Jamie McKay is with us.

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Speaker 1: He's from the country here on newstalksa'd be hi, Jamie,

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Speaker 1: gooda Ryan, what do you make I mean obviously that

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Speaker 1: this is going to be a huge issue for in

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Speaker 1: concern for the rural sector. Do you what are you?

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Speaker 1: What are your thoughts on whether it'll actually get past

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Speaker 1: the line?

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Speaker 2: Well, I don't know if it'll get past the line,

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Speaker 2: but I say good on Andy Foster, the former Wellington

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Speaker 2: there for chucking it in the This is the one

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Speaker 2: they pull out of the biscuits And is it, Ryan?

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Speaker 2: Is that where it comes from?

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Speaker 1: That's right?

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Speaker 2: Yep, yeah, yeah, so it got pulled out this afternoon. Yeah,

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Speaker 2: because look, I've been on the case of the banks

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Speaker 2: as well. You can call them woke banks or whatever,

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Speaker 2: but they've been under huge pressure recently for some of

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Speaker 2: their more unpalatable lending practices. Federated Farmers, to give them credit,

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Speaker 2: have been leading the charge on this one. They've been

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Speaker 2: instrumental in securing the set slectivity inquiry that's currently underway,

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Speaker 2: and they quite rightly point out that these woke banks,

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Speaker 2: if you want to call them that, setting different targets

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Speaker 2: for Australian farmers, the New Zealand farmers. We've got all

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Speaker 2: this nonsense about dbanking petrol stations, rural based petrol stations

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Speaker 2: or even some farmers if they don't meet their emissions

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Speaker 2: reduction targets. And it's worth remembering and reiterating Ryan, the

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Speaker 2: net zero banking alliance that all the big ossie banks

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Speaker 2: belong to, the big banks in America have all poured

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Speaker 2: out of it, you know, the likes the Bank of America, Goldman, Sachs, JP, Morgan,

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Speaker 2: so Weather. This is just another thing that will fall

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Speaker 2: over under the Trump regime around the world. Who knows.

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Speaker 2: But all I know is that the banks have had

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Speaker 2: it too good for too long. And I say, good

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Speaker 2: on federated shoving it right.

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Speaker 1: Up fair enough, fair enough, I don't. I mean, there

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Speaker 1: are a whole bunch of reasons I think they shouldn't

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Speaker 1: do it, but I think regardless it's it won't get

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Speaker 1: much supportive. I mean Zealand first obviously back but I

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Speaker 1: can't see well obviously act won't and I can't see

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Speaker 1: him in the end actually national doing it either. But anyhow,

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Speaker 1: we'll see how it goes on in Parliament. The confidence survey,

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Speaker 1: we're looking really strong, Jamie.

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Speaker 2: Yeah, well that one came out yesterday, so but I

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Speaker 2: mean I could have written the confidence surveying myself, to

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Speaker 2: be honest, ran from just my dialogue with that I

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Speaker 2: talked to on a regular base. And while it's great,

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Speaker 2: I'm just trying to drag the numbers. We've gone from

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Speaker 2: a deeply negative minus sixty six and that is incredibly

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Speaker 2: deeply negative in July twenty twenty four to a net

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Speaker 2: positive score of two percent. So that's a massive surge.

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Speaker 2: But you know, you've got to remember we're only we've

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Speaker 2: only got a net positive score of two percent, so

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Speaker 2: that's in terms of economic conditions. But look, to be

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Speaker 2: fair to the current government and the regime, the markets

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Speaker 2: have come to the party as well. Most of our

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Speaker 2: primary sector products are receiving good or in some cases

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Speaker 2: record prices, like the likes of the likes of beef,

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Speaker 2: dairy Kiwi fruits very very good. So you know, and

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Speaker 2: as I said this, I think the other day on

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Speaker 2: my show. If farmer's confidence isn't up on this, it

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Speaker 2: never will be. The planets are aligning in twenty twenty

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Speaker 2: five for a pretty good farming year.

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Speaker 1: Absolutely great news and good for all of us because

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Speaker 1: it reaches us eventually, Jamie, Thank you. Jamie McKay hosted

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Speaker 1: the Country Here on News Talks EDB. For more from

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Speaker 1: Heather Duplessy Allen Drave, listen live to News Talks EDB

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Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio