1 00:00:00,000 --> 00:00:01,760 Speaker 1: Good news over the weekend for a bunch of farmers. 2 00:00:01,960 --> 00:00:04,080 Speaker 1: Are some teachers as well are with changes to this 3 00:00:04,160 --> 00:00:06,080 Speaker 1: Kiwi Saver, it'll be able to be used for a 4 00:00:06,080 --> 00:00:08,960 Speaker 1: first home or farm. Previously you had to live on 5 00:00:09,000 --> 00:00:11,520 Speaker 1: the property to qualify a lot of people get property 6 00:00:11,640 --> 00:00:14,000 Speaker 1: through their employer. Of course. Karl Deene is the Federated 7 00:00:14,000 --> 00:00:16,279 Speaker 1: Farmer's Dairy Chair and as with us, car morning to 8 00:00:16,360 --> 00:00:19,600 Speaker 1: you morning might has this been a major. 9 00:00:21,040 --> 00:00:23,520 Speaker 2: Yeah, this has been a major We've been working on 10 00:00:23,560 --> 00:00:26,240 Speaker 2: this for the Royal Communities for us five years. 11 00:00:26,640 --> 00:00:28,120 Speaker 1: So this will be a win. You see, this is 12 00:00:28,160 --> 00:00:28,440 Speaker 1: a win. 13 00:00:29,440 --> 00:00:31,240 Speaker 2: We do see. This is the win once it is 14 00:00:31,280 --> 00:00:34,480 Speaker 2: all through Parliament, but that could take another probably eight 15 00:00:34,520 --> 00:00:36,000 Speaker 2: to ten months, maybe a year. 16 00:00:36,320 --> 00:00:39,519 Speaker 1: Who is out there that will be taking advantage of this. 17 00:00:39,640 --> 00:00:42,440 Speaker 1: There are young people obviously in key we saver and 18 00:00:42,479 --> 00:00:44,440 Speaker 1: they're doing what they're sheer milk is on a farm. 19 00:00:44,440 --> 00:00:45,040 Speaker 1: Who are they? 20 00:00:46,720 --> 00:00:49,519 Speaker 2: Well, when you think of there's about fifty thousand farms 21 00:00:49,520 --> 00:00:52,040 Speaker 2: in New Hilt and the average one might have one 22 00:00:52,120 --> 00:00:56,200 Speaker 2: or two employees who there's one wages, So there's potentially 23 00:00:56,200 --> 00:00:59,040 Speaker 2: one hundred thousand people. Maybe ten or twenty percent of 24 00:00:59,080 --> 00:01:00,800 Speaker 2: those might take this option up. 25 00:01:00,960 --> 00:01:03,680 Speaker 1: Okay, So having said that they're in accommodation on the farm, 26 00:01:03,760 --> 00:01:05,600 Speaker 1: that's not theirs that comes as part of the job. 27 00:01:05,640 --> 00:01:07,360 Speaker 1: You haven't been able to access your key saver to 28 00:01:07,400 --> 00:01:10,600 Speaker 1: by your own house. That seems weird, doesn't it. I mean, 29 00:01:10,640 --> 00:01:13,120 Speaker 1: there are individual circumstances and everything in life, and this 30 00:01:13,200 --> 00:01:14,560 Speaker 1: is a very good example of one of those. 31 00:01:16,400 --> 00:01:19,160 Speaker 2: Yes. And the big key is that these people want 32 00:01:19,240 --> 00:01:21,600 Speaker 2: to Some of them will want to own a farm 33 00:01:21,640 --> 00:01:25,520 Speaker 2: one day, and there's quite a big gap in that. Yeah, 34 00:01:25,800 --> 00:01:29,360 Speaker 2: and ke We saver is a small portion, very small, 35 00:01:30,080 --> 00:01:32,800 Speaker 2: but for the rural communities, for your teachers and nurses, 36 00:01:33,080 --> 00:01:36,680 Speaker 2: your police officers, this could be quite a stepping stone 37 00:01:36,720 --> 00:01:39,480 Speaker 2: for them to get into their own home while they're 38 00:01:39,520 --> 00:01:43,440 Speaker 2: still living in the service tendancy provided by the government. 39 00:01:43,640 --> 00:01:45,760 Speaker 1: I'm glad you raised that because I couldn't work out 40 00:01:45,800 --> 00:01:47,960 Speaker 1: for so if you're a young farmer, forget that, I 41 00:01:48,040 --> 00:01:50,960 Speaker 1: get the teachers, etc. If you're a farmer, are you 42 00:01:51,120 --> 00:01:53,320 Speaker 1: into the Kei saver for a house or a farm? 43 00:01:53,520 --> 00:01:54,000 Speaker 1: Do you think? 44 00:01:55,480 --> 00:01:57,720 Speaker 2: I think the majority of them will be into it 45 00:01:57,800 --> 00:02:02,240 Speaker 2: for a house, because to buy a farming a hank 46 00:02:02,280 --> 00:02:04,880 Speaker 2: of a lot more than anyone's keV saver will ever. 47 00:02:04,720 --> 00:02:08,440 Speaker 1: Provide, which was my next week. Yeah, but that was 48 00:02:08,480 --> 00:02:12,040 Speaker 1: my next question. Given that, then most of these people 49 00:02:12,120 --> 00:02:14,120 Speaker 1: in kV saber anyway or are they looking to try 50 00:02:14,120 --> 00:02:16,320 Speaker 1: and say full land in the future of some other way. 51 00:02:17,880 --> 00:02:20,600 Speaker 2: Oh well, they'll be looking to build their equity to 52 00:02:20,639 --> 00:02:24,160 Speaker 2: get into a farm in some way or form. I 53 00:02:24,160 --> 00:02:26,800 Speaker 2: think the other big, big change that is coming is 54 00:02:26,840 --> 00:02:32,480 Speaker 2: the fact that in the past most farming entities are 55 00:02:32,480 --> 00:02:38,280 Speaker 2: businesses or trusts. Unless you personally were buying the farm, 56 00:02:38,600 --> 00:02:41,560 Speaker 2: you could not use your kvsaver. So if your company 57 00:02:41,639 --> 00:02:43,720 Speaker 2: was buying the farm, which is what happens a lot, 58 00:02:43,800 --> 00:02:45,440 Speaker 2: of course, you couldn't use KVSA. 59 00:02:45,919 --> 00:02:49,160 Speaker 1: That's stupid as well, and that's a big rule that's 60 00:02:49,240 --> 00:02:52,200 Speaker 1: changing as well. Good I'm glad while I've got you this. 61 00:02:53,080 --> 00:02:55,120 Speaker 1: I assume you're reading this morning like I am. This 62 00:02:55,160 --> 00:02:57,560 Speaker 1: protein boom, So all your dairy auctions so far this 63 00:02:57,639 --> 00:02:59,840 Speaker 1: year have gone through the roof? Is there a pro 64 00:03:00,000 --> 00:03:03,639 Speaker 1: tem boom globally? And therefore the seasonality we see where 65 00:03:03,680 --> 00:03:05,399 Speaker 1: you have a great season then a not so great 66 00:03:05,440 --> 00:03:07,359 Speaker 1: season that could be coming to an end. In other words, 67 00:03:07,440 --> 00:03:08,520 Speaker 1: the world wants what we've gotten. 68 00:03:08,560 --> 00:03:13,359 Speaker 2: We're laughing. I think it was for coming quite a 69 00:03:13,360 --> 00:03:16,160 Speaker 2: few years. We've had a protein shortage luming in the 70 00:03:16,160 --> 00:03:19,120 Speaker 2: red meat sector and obviously that'll flow through into the 71 00:03:19,880 --> 00:03:24,120 Speaker 2: milk sector as well. The milk sector can react really quick. 72 00:03:24,840 --> 00:03:27,880 Speaker 2: We can increase production worldwide. They can do that over 73 00:03:28,600 --> 00:03:33,240 Speaker 2: six months. The meat sector cannot recover that quickly. So 74 00:03:33,280 --> 00:03:36,400 Speaker 2: the price is my presumpt presumption will be that they'll 75 00:03:36,440 --> 00:03:39,119 Speaker 2: start for a little bit longer, and that red meat 76 00:03:39,120 --> 00:03:42,480 Speaker 2: sector and the milk sector, it could drop back quickly. 77 00:03:43,160 --> 00:03:44,720 Speaker 2: A lot we thought was going to happen this year. 78 00:03:45,000 --> 00:03:46,680 Speaker 1: What do you reckon Wednesday? We've got another good one 79 00:03:46,720 --> 00:03:47,360 Speaker 1: coming Wednesday. 80 00:03:48,640 --> 00:03:51,200 Speaker 2: Oh even if we have one that's just flat, is 81 00:03:51,240 --> 00:03:52,040 Speaker 2: still a positive. 82 00:03:52,280 --> 00:03:53,840 Speaker 1: That's the truth. Nice to talk to you, mate, Go 83 00:03:53,920 --> 00:03:56,360 Speaker 1: well Carldeen who is the Federator Farmer's Dairy Chair. The 84 00:03:56,360 --> 00:03:59,440 Speaker 1: reference to Wednesday being another dairy auction for from force. 85 00:03:59,720 --> 00:04:02,960 Speaker 1: Get obsessed by these things? Four from four? You want 86 00:04:02,960 --> 00:04:05,880 Speaker 1: five from five? Don't you? You never want it to end? 87 00:04:06,480 --> 00:04:09,360 Speaker 1: For more from the Mic Asking Breakfast, listen live to 88 00:04:09,480 --> 00:04:12,560 Speaker 1: news Talks at b from six am weekdays, or follow 89 00:04:12,600 --> 00:04:14,160 Speaker 1: the podcast on iHeartRadio.