1 00:00:00,120 --> 00:00:02,400 Speaker 1: Jamie mckaye, hosts of the Countries of the Inner Jamie 2 00:00:02,920 --> 00:00:07,240 Speaker 1: God the Heather. Did none of the labor MPs turn up? No, 3 00:00:07,440 --> 00:00:12,280 Speaker 1: after you naming and shaming them and embarrassing me, Heather, No, 4 00:00:12,280 --> 00:00:14,000 Speaker 1: none of them turned up. Apparently there was a bit 5 00:00:14,040 --> 00:00:16,200 Speaker 1: of sickness in the caucus. This is of course, to 6 00:00:16,280 --> 00:00:19,720 Speaker 1: the Federated Farmer's High Country Field Day last Friday, and 7 00:00:19,800 --> 00:00:22,920 Speaker 1: what a cracking day it was too. At Glenary Station 8 00:00:23,120 --> 00:00:26,000 Speaker 1: two hundred and eighty people. There a lot of high 9 00:00:26,079 --> 00:00:30,400 Speaker 1: country farmers, six or nearly a seventy thousand hectare farm 10 00:00:31,160 --> 00:00:34,200 Speaker 1: just up from Waikaia and northern Southland spans over into 11 00:00:34,280 --> 00:00:37,200 Speaker 1: Central Otago as well, and they've even got a thirty 12 00:00:37,240 --> 00:00:41,160 Speaker 1: one thousand hectare paddock out the back, although they don't 13 00:00:41,159 --> 00:00:45,040 Speaker 1: actually graze that at the moment, and so the FEDS 14 00:00:45,040 --> 00:00:47,040 Speaker 1: are not the Feds. Let me try that again. The 15 00:00:47,120 --> 00:00:51,040 Speaker 1: labor politicians never turned up. Andrew Hogart did, Mark Patterson 16 00:00:51,040 --> 00:00:54,680 Speaker 1: did act In New Zealand. First, both Associate Ministers of 17 00:00:54,800 --> 00:00:58,560 Speaker 1: Agriculture Mike Butterick was there, Penny Simmons and Joseph Mooney, 18 00:00:58,600 --> 00:01:01,080 Speaker 1: the two local MPs were there. But the idea of 19 00:01:01,120 --> 00:01:03,880 Speaker 1: the field day was to get the opposition, the MP's 20 00:01:03,920 --> 00:01:07,080 Speaker 1: along so they could try and plead their case, especially 21 00:01:07,120 --> 00:01:10,200 Speaker 1: when it comes to things like wilding pines, and this 22 00:01:10,240 --> 00:01:12,840 Speaker 1: is a real issue on Glenary Station and a lot 23 00:01:12,840 --> 00:01:16,280 Speaker 1: of high country stations around the country. The seed source 24 00:01:16,319 --> 00:01:20,039 Speaker 1: of these these are blowing like twenty kilometers the seeds 25 00:01:20,400 --> 00:01:23,840 Speaker 1: over two or three mountain or not mountain hill ranges 26 00:01:24,200 --> 00:01:29,520 Speaker 1: and are landing on these properties and are growing wilding 27 00:01:29,600 --> 00:01:32,120 Speaker 1: pines or conifers. Now, I would have thought if you 28 00:01:32,120 --> 00:01:35,080 Speaker 1: could get cattle on, you could better knock them over 29 00:01:35,120 --> 00:01:37,399 Speaker 1: when they're I don't know, knee height or something like that, 30 00:01:37,560 --> 00:01:39,920 Speaker 1: but apparently the only way to get them is when 31 00:01:39,920 --> 00:01:43,399 Speaker 1: they're young and just seedlings. You know, I'm talking ten 32 00:01:43,440 --> 00:01:46,600 Speaker 1: to twenty centimeters, and if cattle and sheep are hungry enough, 33 00:01:47,120 --> 00:01:49,400 Speaker 1: they'll nip them off. When the tree gets to knee height, 34 00:01:49,480 --> 00:01:52,000 Speaker 1: it's too late, so they reckon. If they could let 35 00:01:52,040 --> 00:01:54,920 Speaker 1: the marino weather's loose on some of this land that's 36 00:01:54,960 --> 00:01:57,400 Speaker 1: not being grazed at the moment, or use the whole 37 00:01:57,440 --> 00:01:59,640 Speaker 1: to colors, because at Glenara they're using the whole to 38 00:01:59,720 --> 00:02:03,480 Speaker 1: color for intensive beef operations. They could push the cattle 39 00:02:03,600 --> 00:02:06,720 Speaker 1: basically into a condensed area and make them eat the 40 00:02:06,760 --> 00:02:10,359 Speaker 1: wilding pines. Now, the owner of Glenary Station, David Pinckney, 41 00:02:10,880 --> 00:02:14,840 Speaker 1: he's made a very sensible comment. He said politicians needed 42 00:02:14,880 --> 00:02:19,520 Speaker 1: to consider whether the Conservation Act sufficiently allows for grazing 43 00:02:19,600 --> 00:02:22,360 Speaker 1: on conservation the States. We've got an issue in this country. 44 00:02:22,560 --> 00:02:26,600 Speaker 1: We're underfuneling wilding pines and they are taking over either 45 00:02:27,400 --> 00:02:29,839 Speaker 1: what a simple solution. Isn't it nutty that we don't 46 00:02:29,840 --> 00:02:31,440 Speaker 1: try and do this. I'd like to see it happen 47 00:02:31,720 --> 00:02:34,520 Speaker 1: all right now silverfer and Farms, I was very happy 48 00:02:34,520 --> 00:02:38,440 Speaker 1: to see this return to profitability. You yeah, yeah, and 49 00:02:39,120 --> 00:02:41,720 Speaker 1: it's a good turnaround. I'm using the after tax numbers. 50 00:02:41,760 --> 00:02:44,840 Speaker 1: I was talking to Dan Bolton, the chief executive. He 51 00:02:44,880 --> 00:02:47,040 Speaker 1: wanted to use the pre tax numbers, but I figure 52 00:02:47,040 --> 00:02:49,600 Speaker 1: you're the best. One is the after tax number. So 53 00:02:49,760 --> 00:02:52,960 Speaker 1: net profit of twenty nine million, it's a fifty million 54 00:02:53,200 --> 00:02:56,480 Speaker 1: dollar turnaround from the twenty one million dollar loss they 55 00:02:56,480 --> 00:02:59,000 Speaker 1: made in twenty twenty four. Remembering this result is for 56 00:02:59,040 --> 00:03:03,560 Speaker 1: the twenty five calor, the year their revenue. Listen to 57 00:03:03,600 --> 00:03:07,040 Speaker 1: this one. Their revenue has lifted fifteen percent to just 58 00:03:07,280 --> 00:03:12,160 Speaker 1: over three billion dollars. They are New Zealand's biggest meat company. 59 00:03:12,480 --> 00:03:14,960 Speaker 1: But when you look at that profit, heather twenty nine 60 00:03:15,040 --> 00:03:17,840 Speaker 1: million on a three billion dollar turnover, that's like a 61 00:03:17,919 --> 00:03:20,480 Speaker 1: one percent profit on turnover. So it just goes to 62 00:03:20,520 --> 00:03:24,680 Speaker 1: show you what a slim margin business the red meat 63 00:03:24,760 --> 00:03:28,480 Speaker 1: industry is. So they operate silver Fern Farms fourteen processing 64 00:03:28,520 --> 00:03:33,239 Speaker 1: plants killing sheep, beef and venison. Red meat prices were 65 00:03:33,240 --> 00:03:35,720 Speaker 1: depressed in twenty three and twenty four, they came right 66 00:03:35,840 --> 00:03:39,640 Speaker 1: last year. New Zealand's red meat exports nineteen percent higher 67 00:03:39,640 --> 00:03:42,320 Speaker 1: in the calendar year twenty twenty five, up to nearly 68 00:03:42,400 --> 00:03:46,280 Speaker 1: twelve billion. Look this tightest supply and higher procurement costs, 69 00:03:46,280 --> 00:03:49,720 Speaker 1: and this pressure to run these plants on a thin margin. 70 00:03:49,800 --> 00:03:53,520 Speaker 1: But despite these challenges, Dan Bolton, the chief executive of 71 00:03:53,640 --> 00:03:58,520 Speaker 1: silver Fern Farms, was very well, not very quietly confident 72 00:03:58,600 --> 00:04:01,400 Speaker 1: might be a better description of the prospects for the 73 00:04:01,440 --> 00:04:05,640 Speaker 1: red meat industry into the twenty six twenty seven season, 74 00:04:05,680 --> 00:04:08,200 Speaker 1: which is the coming season. So despite all the woes 75 00:04:08,200 --> 00:04:11,200 Speaker 1: in the world, at least we've got that to look 76 00:04:11,240 --> 00:04:14,240 Speaker 1: forward to inter national Party cabinet reshuffle, oh lord, and 77 00:04:14,360 --> 00:04:16,680 Speaker 1: that too, Jamie Messi, you're a political nerd. Thank you 78 00:04:16,800 --> 00:04:20,920 Speaker 1: very much. Jamie McKay holost to the Country for more 79 00:04:21,000 --> 00:04:24,320 Speaker 1: from Heather Duplessy Allen Drive. Listen live to news talks 80 00:04:24,320 --> 00:04:27,520 Speaker 1: it'd be from four pm weekdays, or follow the podcast 81 00:04:27,600 --> 00:04:28,640 Speaker 1: on iHeartRadio.