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Speaker 1: Absolutely.

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Speaker 2: Now.

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Speaker 1: Of course, Donald Trump is in power, and I see

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Speaker 1: at the beginning of the program, and that editorial is

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Speaker 1: on our website, News Talks, Big Dot Co. Door insid

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Speaker 1: I'm worried about only one thing, and that is tariff's.

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Speaker 1: So here is what Donald Trump said about tariffs today.

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Speaker 3: I may, yeah, but we're not ready for that yet.

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Speaker 3: We may, we may put it rapid because essentially, all

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Speaker 3: countries take advantage of the US. We don't make any

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Speaker 3: good deals in the US. It's amazing in a way

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Speaker 3: that we exist. We don't make good deals, we don't

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Speaker 3: have any good deals.

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Speaker 1: All countries take advantage of the United States. That means

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Speaker 1: New Zealand. So what does it mean for New Zealand farmers?

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Speaker 1: And Jamie McKay joins me right now from the country. Hello, Jamie.

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Speaker 2: Yeah, good Andrew and the new Year. Yeah, what does

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Speaker 2: it mean for New Zealand farmers. Well, I had Todd

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Speaker 2: McClay Trade Minister on the show today, and you know

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Speaker 2: he's still hoping that we can do some deal, maybe

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Speaker 2: a sweetheart deal with the US. We know he's going

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Speaker 2: to get stuck into China. We know is going to

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Speaker 2: get stuck into Mexico. And Canada or threatening to do so.

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Speaker 2: But maybe because they really want what we've got. I

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Speaker 2: are manufacturing beef for the burgers. We might be able

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Speaker 2: to do something else. So what does a Trump presidency

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Speaker 2: mean for New Zealand farmers? Well, lower dollars good tariffs

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Speaker 2: are obviously bad. A cold war with China wouldn't play

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Speaker 2: out well for US. As I said, the US is

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Speaker 2: rapidly becoming our biggest red meat market, especially with beef,

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Speaker 2: so a stronger US economy Minister Economy under Trump could

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Speaker 2: be good for US. And finally, Andrew, if he drills

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Speaker 2: baby drills, that could lower world oil prices. So we're

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Speaker 2: all holding our breath and waiting and seeing.

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Speaker 1: Really yeah, but you know, how do we really affect

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Speaker 1: the great global economy that is America, the huge economy.

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Speaker 1: I mean, we're just a drop in the ocean. So please,

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Speaker 1: as friends, do us a favor. Open Country Dairy has

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Speaker 1: paid ten ten dollars four milk peculiar two farmers for

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Speaker 1: P two. What's up with that? What do you make

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Speaker 1: of it?

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Speaker 2: Well, it's good news, I guess, well it is good news.

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Speaker 2: Remembering that Fonterra is set it was four cast milk

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Speaker 2: prices at ten dollars, so Open Country Dairy does it

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Speaker 2: a wee bit different Differently. It pays out in milk

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Speaker 2: and four periods during the year, so P two is

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Speaker 2: for October November milk, which is sort of peak period milk.

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Speaker 2: There's a lot in that period. P one incidentally was

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Speaker 2: Dune through to September. The beginning of the season, it

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Speaker 2: was only eight eighty so on a weighted basis up

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Speaker 2: till now, we've still got two periods to go. Open

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Speaker 2: countries sitting in the in the mid nine so it's

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Speaker 2: a wee bit behind Fonterra, so we'll have a look

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Speaker 2: at that one. There is another, by the way Andrew

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Speaker 2: Global Dairy Trade Action overnight whole milk powder and skim

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Speaker 2: milk powder are typtarized by maybe two percent off the

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Speaker 2: back of Fonterra, removing a bit of value from the platform.

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Speaker 2: Of course we're passed those seasonal peaks, but a good

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Speaker 2: pulse auction last week, that's the auction we run between

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Speaker 2: the GDT auctions. Strying out on the North Island might

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Speaker 2: have an effect on production. And of course the sphares

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Speaker 2: around foot and mouth disease in Germany after it was

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Speaker 2: found in some water buffalo near Berlin. So fingers crossed,

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Speaker 2: we get a good GDT auction tonight, Andrew, and that

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Speaker 2: ten dollars holds for the dairy farmers of this country.

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Speaker 1: They always are made. And finally, Federated Farmers want New

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Speaker 1: Zealand banks to withdraw from a UN backed banking alliance.

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Speaker 1: So tell me about that.

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Speaker 2: Yeah, well talking about America. Yeah, Federated Farmers is saying

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Speaker 2: our banks need to follow the lead of the six

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Speaker 2: biggest banks in America JP, Morgan City Group, Bank of America,

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Speaker 2: Morgan Stanley, Wells Fargo, and Goldman Sachs. They've all exited

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Speaker 2: the UN backed banking alliance and they're leaving because of

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Speaker 2: the lawsuits potential lawsuits for end he competitive behavior within

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Speaker 2: the banking sector, and obviously growing political pressure under a

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Speaker 2: Trump regime. Now, this net zero banking alliance has been

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Speaker 2: set up to align with lending policies with everyone being

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Speaker 2: carbon zero by twenty fifty. B and Zena is a

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Speaker 2: direct member the others in New Zealand, the other five

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Speaker 2: big banks West Paca and ZASB and Ravo Bank are

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Speaker 2: affiliated with their alliance through their offshore parent companies look.

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Speaker 2: Richard McIntire, the Banking Guy banking spokesperson from Federated Farmers,

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Speaker 2: said he's increasingly concerned that I'm with them on this

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Speaker 2: one about what will happen to farmers if they're not

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Speaker 2: able to meet the bank's missions reduction targets by twenty thirty.

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Speaker 2: He's asking this question, Andrew, will we be effectively de

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Speaker 2: banked and able to unable to access capital we need

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Speaker 2: to run our business? Is a bit like we're starting

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Speaker 2: to see with some of the petrol stations or maybe Andrew,

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Speaker 2: under Trump, the world is changing and it's the end

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Speaker 2: of woke as we know it.

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Speaker 1: Jamie mackay from the Country, and I thank you for

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Speaker 1: your time today.

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