1 00:00:00,120 --> 00:00:01,880 Speaker 1: Jamie mckaye, Host of the Countries with me right now. 2 00:00:01,960 --> 00:00:04,560 Speaker 2: Hey, Jamie, can I hear that You've got to ask 3 00:00:04,600 --> 00:00:07,360 Speaker 2: Stuart Nash the most important question? When is the announcing 4 00:00:07,400 --> 00:00:08,200 Speaker 2: his candidacy. 5 00:00:08,640 --> 00:00:12,240 Speaker 1: Well, I feel like Stuart su was doing such a 6 00:00:12,240 --> 00:00:14,840 Speaker 1: fantastic job of kind of teasing us along with this 7 00:00:14,960 --> 00:00:18,119 Speaker 1: and just really kind of, you know, sprooking New Zealand first. 8 00:00:18,160 --> 00:00:19,880 Speaker 1: I'm almost I don't really want it to come to 9 00:00:19,920 --> 00:00:20,520 Speaker 1: an end, do you. 10 00:00:22,560 --> 00:00:24,599 Speaker 2: Well, I just think him and Shane Jones would be fun, 11 00:00:24,600 --> 00:00:26,160 Speaker 2: as I said to you a couple of weeks ago, 12 00:00:26,200 --> 00:00:27,600 Speaker 2: as a one two punch combination. 13 00:00:27,720 --> 00:00:29,920 Speaker 1: I'm going to take a bet with you in all seriousness, 14 00:00:29,920 --> 00:00:30,680 Speaker 1: it's not going to happen. 15 00:00:31,960 --> 00:00:33,760 Speaker 2: Yeah, I'll take a bet with you, Heather, you think 16 00:00:33,760 --> 00:00:37,040 Speaker 2: it's going to happen. I think he'll stand for New 17 00:00:37,120 --> 00:00:37,680 Speaker 2: Zealand first. 18 00:00:37,760 --> 00:00:39,599 Speaker 1: Yeah, I think he won't stand for New Zealand first 19 00:00:39,640 --> 00:00:41,320 Speaker 1: because he's too much of a threat to Winston and 20 00:00:41,320 --> 00:00:42,640 Speaker 1: Shane because he's actually quite good. 21 00:00:43,159 --> 00:00:48,040 Speaker 2: What's your theory, Well, Winston will eventually die, although we've 22 00:00:48,080 --> 00:00:51,479 Speaker 2: been saying that for twenty years. Shane's the heir apparent. 23 00:00:51,600 --> 00:00:54,920 Speaker 2: But yeah, I don't know. Maybe he may be a 24 00:00:54,920 --> 00:00:57,080 Speaker 2: threat to Shane, he's not a threat to Winston at 25 00:00:57,080 --> 00:00:59,760 Speaker 2: the stage. So I just think he's a colorful character 26 00:01:00,440 --> 00:01:04,120 Speaker 2: for a former labor cabinet minister. He's very centrist, talks 27 00:01:04,120 --> 00:01:06,160 Speaker 2: a lot of common sense. I'd like to see him back. 28 00:01:06,400 --> 00:01:08,640 Speaker 2: And the other thing about him here that is he's 29 00:01:08,680 --> 00:01:11,800 Speaker 2: got a very good background and commercial forestrand with carbon 30 00:01:11,880 --> 00:01:14,759 Speaker 2: farming and all the debates were having about climate change 31 00:01:14,800 --> 00:01:17,720 Speaker 2: and all that sort of stuff. Having someone around a 32 00:01:17,760 --> 00:01:21,000 Speaker 2: cabinet table who knows something about that would be an advantage. 33 00:01:21,480 --> 00:01:23,560 Speaker 1: Okay, now tell me what I'd totally agree with you 34 00:01:23,600 --> 00:01:25,840 Speaker 1: on that. Tell me what you think about Alliance Group 35 00:01:25,840 --> 00:01:26,680 Speaker 1: and what's going on here. 36 00:01:27,959 --> 00:01:32,080 Speaker 2: Well, it's been Alliance Group's been in a lot of 37 00:01:32,080 --> 00:01:37,080 Speaker 2: trouble recently. Poor management's probably part of its downfall. But 38 00:01:37,160 --> 00:01:40,399 Speaker 2: the long awaited deal to recapitalize the debt laden Alliance 39 00:01:40,400 --> 00:01:42,920 Speaker 2: Group appears to be nearing. There was a story in 40 00:01:42,959 --> 00:01:46,520 Speaker 2: the Irish Times over the weekend that Dawn meets a 41 00:01:46,640 --> 00:01:49,720 Speaker 2: large Irish meat company's going to stump up two hundred 42 00:01:49,760 --> 00:01:53,000 Speaker 2: and seventy million dollars for a seventy percent I repeat 43 00:01:53,040 --> 00:01:56,800 Speaker 2: that seventy percent stake in Alliance which up till now 44 00:01:57,080 --> 00:02:00,840 Speaker 2: or is currently the country's only fully far owned red 45 00:02:00,880 --> 00:02:04,520 Speaker 2: meat cooperative. It's the equivalent I guess of Fonterra. Now 46 00:02:05,400 --> 00:02:09,359 Speaker 2: Dawn Meats a slightly larger company and turnover and volume 47 00:02:09,680 --> 00:02:12,920 Speaker 2: than the Alliance Group, but would certainly add some I 48 00:02:12,960 --> 00:02:14,919 Speaker 2: guess mph to it. But they've just got to get 49 00:02:14,960 --> 00:02:18,000 Speaker 2: this past the shareholders. And what's the use of being 50 00:02:18,000 --> 00:02:21,320 Speaker 2: a cooperative if you've only got a thirty percent stake 51 00:02:21,360 --> 00:02:25,720 Speaker 2: in the company. Remember the other big former cooperative and 52 00:02:25,880 --> 00:02:28,680 Speaker 2: it is still a cooperative, as Silverfern Farms, which has 53 00:02:28,720 --> 00:02:32,360 Speaker 2: done a fifty to fifty joint venture with Shanghai Mailing. 54 00:02:32,440 --> 00:02:36,280 Speaker 2: It's rescued it from the debtor's court in a lot 55 00:02:36,280 --> 00:02:38,800 Speaker 2: of ways. But even now we're hearing that Silver Fern 56 00:02:38,840 --> 00:02:43,840 Speaker 2: mit Silverfern Farms might have some some profitability issues as well. 57 00:02:43,919 --> 00:02:46,320 Speaker 2: So look, the red meat's a tough industry. The red 58 00:02:46,360 --> 00:02:48,640 Speaker 2: meat industry here, there's a tough industry at the moment 59 00:02:48,680 --> 00:02:52,480 Speaker 2: because while farmers are getting record prices, that doesn't follow 60 00:02:52,560 --> 00:02:55,880 Speaker 2: through for the processes. There's less and less stock due 61 00:02:55,919 --> 00:02:59,600 Speaker 2: to land use, change, carbon farming, you name it, whatever's happening. 62 00:03:00,240 --> 00:03:02,840 Speaker 2: Having to compete and their margins are being cut. So 63 00:03:03,160 --> 00:03:04,920 Speaker 2: watch the space. I think we're going to get an 64 00:03:04,919 --> 00:03:09,040 Speaker 2: announcement on Tuesday about the recapitalization of the Alliance Group. 65 00:03:09,160 --> 00:03:11,320 Speaker 1: Interesting, okay, Jamie listener, We starting to get some kind 66 00:03:11,320 --> 00:03:13,600 Speaker 1: of an idea of what the Trump tariff's the impact 67 00:03:13,680 --> 00:03:16,720 Speaker 1: it's going to have on our agriculture sectors and the 68 00:03:16,800 --> 00:03:18,720 Speaker 1: culture sector, you know, the experts that we're send into 69 00:03:18,760 --> 00:03:19,440 Speaker 1: the US. 70 00:03:20,080 --> 00:03:23,000 Speaker 2: Well, he was announced last Friday. Obviously some people have 71 00:03:23,160 --> 00:03:26,400 Speaker 2: been doing some number crunching. I better credit Neil Wallace 72 00:03:26,400 --> 00:03:29,400 Speaker 2: from New Zealand Farmers Weekly, who's done some sums on 73 00:03:29,400 --> 00:03:32,000 Speaker 2: this one. The fifteen percent tariffs going to cost the 74 00:03:32,040 --> 00:03:38,480 Speaker 2: red meat sector and estimated three hundred million dollars. Wine's 75 00:03:38,520 --> 00:03:41,480 Speaker 2: the other big loser one hundred and twelve million. We 76 00:03:41,560 --> 00:03:44,400 Speaker 2: don't know. Dairy hasn't quite figured it out yet how 77 00:03:44,440 --> 00:03:46,400 Speaker 2: much it's going to cost dairy. But dairy is not 78 00:03:46,800 --> 00:03:51,040 Speaker 2: as dependent on the US as red meat and winer. 79 00:03:51,560 --> 00:03:54,160 Speaker 2: So look, we sent a lot of stuff to the 80 00:03:54,280 --> 00:03:57,280 Speaker 2: US last year two point two billion of meat, one 81 00:03:57,320 --> 00:04:01,880 Speaker 2: point two billion a dairy, seven hundred ninety million of wine. 82 00:04:02,520 --> 00:04:06,320 Speaker 2: They took forty six percent of our beef eighteen percent 83 00:04:06,320 --> 00:04:08,920 Speaker 2: of our lamb. And the thing is, you know, we've 84 00:04:08,960 --> 00:04:14,160 Speaker 2: gone from ten to fifteen. The Aussies have stayed at ten, 85 00:04:14,520 --> 00:04:18,480 Speaker 2: as has Argentina. I think it's Argentina and that just 86 00:04:18,520 --> 00:04:22,520 Speaker 2: makes them more competitive getting their meat into the US. 87 00:04:22,560 --> 00:04:25,200 Speaker 2: But they need, they desperately need our grinding beef to 88 00:04:25,320 --> 00:04:29,039 Speaker 2: eat to produce the hamburgers. They eat three each per 89 00:04:29,080 --> 00:04:30,640 Speaker 2: week while they're fat. 90 00:04:32,880 --> 00:04:36,000 Speaker 1: Hush but true, Jamie, thank you very much, Jamie mckaye, 91 00:04:36,040 --> 00:04:42,000 Speaker 1: host of the country. Three hamburgers a week? Heck, I 92 00:04:42,080 --> 00:04:44,640 Speaker 1: reckon I'd be lucky to eat three hamburgers in the 93 00:04:44,680 --> 00:04:49,640 Speaker 1: space of three months. That wow. Anyway, Yeah, as jis 94 00:04:49,760 --> 00:04:50,480 Speaker 1: is no wonder the fat. 95 00:04:51,160 --> 00:04:54,360 Speaker 2: For more from Heather Duplessy Alan Drive, listen live to 96 00:04:54,440 --> 00:04:57,479 Speaker 2: news Talks it'd be from four pm weekdays, or follow 97 00:04:57,520 --> 00:04:59,280 Speaker 2: the podcast on iHeartRadio.