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Speaker 1: Now Rabobank is warning farmers not to take their foot

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Speaker 1: off the gas pedal when it comes to cutting down

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Speaker 1: on their carbon emissions. The new coalition government has stopped

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Speaker 1: agriculture from going into the ets scrabbed scrapped here waker

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Speaker 1: Echonoa as well. But according to the new rubber Bank

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Speaker 1: white paper that was released today, this is just a

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Speaker 1: breather and the agricultural sector still needs to focus on

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Speaker 1: improving its emissions efficiently. Todd charteris is Rubbobank New Zealand

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Speaker 1: CEO and with us now, hey Todd, good.

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Speaker 2: Here, how are you well?

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Speaker 1: Thank you? So just to breather, because the market pressures still.

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Speaker 2: Exist, Yeah, absolutely. I mean I think some of the

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Speaker 2: changes certainly by this new government have been well received,

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Speaker 2: certainly by farmers and growers, and that's great. But I

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Speaker 2: think the voices from our customers offshore remain the same,

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Speaker 2: and so I think we need to maintain that position

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Speaker 2: and keep moving forward, you know, like our farmers have

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Speaker 2: been doing for a long time. So let's just keep

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Speaker 2: staying at the top of the queue, so to speak.

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Speaker 1: How much of the pressures that are still existing are

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Speaker 1: regulations and governments and trade agreements and politicians rather than

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Speaker 1: actual consumers.

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Speaker 2: Yeah. Look, I think that's a good question. I mean,

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Speaker 2: certainly the customers, which you know, when I talk about customers,

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Speaker 2: we're talking about our large retail companies offshore, our large

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Speaker 2: food companies, and so the pressure is coming from men.

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Speaker 2: They've all made commitments to scope through reductions, so that's

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Speaker 2: where a lot of it's coming from. But it's also

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Speaker 2: baked in, as you say, to some of our trade agreements,

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Speaker 2: and we need to be aware of that and understand

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Speaker 2: what the implications of that are if we can't meet that.

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Speaker 2: So we just need to keep the progress going. I

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Speaker 2: think the good thing as industry has the opportunity to

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Speaker 2: determine what that looks like, and I think that's encouraging.

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Speaker 1: Yeah, are the pressures, like what exactly are we talking about?

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Speaker 1: Are we talking about pressure to be the most efficient

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Speaker 1: or in the world, or are we talking about pressure

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Speaker 1: to bring down emissions from where they are now or

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Speaker 1: to meet the Powers agreement or what?

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Speaker 2: Well, I think it's accommodation. I mean, I think, you know,

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Speaker 2: the challenge global is to produce more food using less

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Speaker 2: natural resources, and so if New Zealand can maintain this position,

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Speaker 2: a sort of world renowned. Is one of them more efficient,

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Speaker 2: if not the efficient food producer, then I think if

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Speaker 2: we can continue to maintain that position, that's positive for

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Speaker 2: us in those export markets, to maintain market access and

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Speaker 2: essentially be the front of the queue when we're selling

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Speaker 2: their products to the world.

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Speaker 1: We are the front of the queue, aren't we. I

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Speaker 1: mean the only thing that risks us not being the

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Speaker 1: front of the queue at the moment is that there's

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Speaker 1: technologies like I don't know, hey, that you lay out

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Speaker 1: in a barn, which we wouldn't really use because we

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Speaker 1: don't really barn feed, and we might get bumped off

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Speaker 1: the perch by technology, right, that's the risk that we face.

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Speaker 2: Oh, look, I think there's technologies that are evoked. Well,

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Speaker 2: I know there's technologies that are available in other markets.

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Speaker 2: We can have to take complacent and we need to

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Speaker 2: continue to invest in research and development which is going on.

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Speaker 2: We need to continue to innovate and in history sharn

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Speaker 2: that their farmers and glowers are fantastic at that and

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Speaker 2: as industry we just need to support it and keep

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Speaker 2: moving it forward regardless of regulation.

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Speaker 1: Do you reckon the methane review is a good idea?

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Speaker 2: Oh, look, I think it is because it'll bring certainty

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Speaker 2: and remove some of the some of the discussion and noise.

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Speaker 2: I think so, so bring certainty to that is positive

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Speaker 2: and then we can move forward on whatever that outcome is.

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Speaker 1: Are you at the Primary Industry Awards tonight?

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Speaker 2: I am. I'm about to attend that. So it's been

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Speaker 2: a busy day here and looking forward to the awards.

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Speaker 2: Or it's great to celebrate great people out there in

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Speaker 2: the marketplace.

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Speaker 1: Deal thinks, what are you wearing? Because Jamie McKay was

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Speaker 1: just on before he's not wearing a bow tie or

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Speaker 1: a tie. He's going like open neck. Are you doing that?

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Speaker 2: I'm going with a tie, but it's not a bow tie.

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Speaker 1: Okay. Can you do me a favor and go to

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Speaker 1: Jamie mackay and tell him he's a disgrace for not

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Speaker 1: even trying.

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Speaker 2: Oh look, I'll pass some comments on here that I'm

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Speaker 2: not sure I'll call them a disgrace.

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Speaker 1: Use your own words, Todd. I mean, feel free to

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Speaker 1: make it like expletive, lad, and if you want.

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Speaker 2: To, I'll have a quiet word to him on your behavior.

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Speaker 1: I appreciate it. Good on you, Todd, Thank you very much.

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Speaker 1: Todd Chater. It's Rabobank Newsland CEO. I mean, why wouldn't

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Speaker 1: you take the opportunity to swear at Jamie Mackay when

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Speaker 1: no one's listening. I would for more from hither duplessy

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Speaker 1: Allen Drive. Listen live to news Talks it'd b from

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