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Speaker 1: We're going to Dan Bolton, our silverfer and Farms chief

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Speaker 1: executive for our rural catch up. So we've had the

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Speaker 1: dairy headline numbers doing quite well, but what about the

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Speaker 1: red meat sector? What about the Trump's and Trump's tariffs

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Speaker 1: and also our disputes with Canada. It's great to have

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Speaker 1: Dan back on the program. Dan, good morning, Good morning, Ryan,

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Speaker 1: great to talk to you. Let's start with the whole

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Speaker 1: Trump tariff thing. How didn't you guys worried about that?

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Speaker 2: I mean, clearly there's some big pre election promises there

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Speaker 2: around blanket tariffs and they created some big headlines here

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Speaker 2: in New Zealand and sort of made us sit up

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Speaker 2: as a large export nation in the US market is

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Speaker 2: a really important market for our sheep, beef and venison farmers,

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Speaker 2: and that market's going extremely well for us. But when

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Speaker 2: our views, there's still a lot of water to go

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Speaker 2: under the bridge between now and the twentieth of January

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Speaker 2: and whether New Zealand will actually be affected and whether

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Speaker 2: those tariffs are going to be more targeted versus blanket

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Speaker 2: and we're sort of seeing, you know, they're definitely going

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Speaker 2: to be focusing on nations that is a trade of

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Speaker 2: balance with the US, and luckily New Zealanders in the

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Speaker 2: US is quite a balanced trade position, and I think

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Speaker 2: for US, the US is very very short on beef

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Speaker 2: at the moment, you know, and they're going to be

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Speaker 2: relying heavily on us over the next few years. So

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Speaker 2: you know, I think for US, there's a lot of

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Speaker 2: water to go under the bridge. The chances of a

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Speaker 2: blanket tariff is is probably less likely than we think,

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Speaker 2: but we are watching it very closely, and we're also

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Speaker 2: seeing you know, consumers in the US also, you know,

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Speaker 2: are very up in arms around the impact of increasing

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Speaker 2: food prices with those as well, so we're monitoring it.

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Speaker 2: You know, a lot of waters to go under the bridge.

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Speaker 2: But you know, as farms, we're really good at sort

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Speaker 2: of managing sort of geopolitical and trade changes. You know,

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Speaker 2: we export to over sefty countries.

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Speaker 1: You've got a bit you've got to be on top

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Speaker 1: of that. You've got you when you're when you're a

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Speaker 1: really exported like us, how is how how are exports

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Speaker 1: doing generally in the sixth at the moment? How are

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Speaker 1: exportstone how are we.

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Speaker 2: Preparing We've just come off our farmer roadshows and we've

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Speaker 2: shared a lot of optimism as we move into twenty

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Speaker 2: twenty five. You know, we're seeing some big global supply

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Speaker 2: dynamics swimming back into our favor, which is going to

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Speaker 2: be good for our farmers. And then what we're also

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Speaker 2: seeing on the back of climate change and some you know,

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Speaker 2: other large producer nations, food security is becoming a real

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Speaker 2: concern for some of our high value customers offshore. So

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Speaker 2: that's another positive sign for New Island. And so you know,

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Speaker 2: we start to see that see both of those play out,

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Speaker 2: and you know, already in the Q the last quarter

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Speaker 2: of this year, we're seeing land pricing recover well, you know,

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Speaker 2: back up over the eight dollar mark, and that's favorable,

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Speaker 2: and we're seeing that continue into into twenty twenty five.

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Speaker 2: The UK is going to be short, and we're seeing

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Speaker 2: some good year on the year price and on beef,

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Speaker 2: you know, some record pricing out the farm gate at

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Speaker 2: this point in time, particularly off the back of the

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Speaker 2: US being very short, and we're seeing that going to

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Speaker 2: be continuing for some time as well. So lots of

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Speaker 2: tailwinds which our farmers desperately need. So we're looking forward

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Speaker 2: to a pretty exciting twenty twenty five.

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Speaker 1: This Canada's dispute that we've gotten. We've had Todd McLay

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Speaker 1: over in Canada meeting with them to talk about it

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Speaker 1: in the last couple of days. Anything to do with

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Speaker 1: red Meter or is this all a dairy thing.

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Speaker 2: Yeah, it's all a dairy thing, so I think we're

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Speaker 2: pretty safe there.

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Speaker 1: Nice all right, Dan, thank you very much for being

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Speaker 1: with us. Really appreciate it. Dan Bolton, SilverFin Farms, Chief Executive.

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