1 00:00:00,160 --> 00:00:02,400 Speaker 1: Jamie McKay, hosts of the Countries of That's Hello, Jamie, 2 00:00:03,320 --> 00:00:04,280 Speaker 1: ok he and I. 3 00:00:04,200 --> 00:00:06,640 Speaker 2: Can tell you it'll be some farmers in Canterbury who 4 00:00:06,720 --> 00:00:09,680 Speaker 2: might be doing some assaults at the moment. It means 5 00:00:09,720 --> 00:00:12,600 Speaker 2: the demise of ECAM. They haven't exactly been farmer friendly. 6 00:00:12,640 --> 00:00:15,880 Speaker 2: And I must say, as someone who's domiciled in Dunedin, 7 00:00:16,239 --> 00:00:19,760 Speaker 2: what the hell the Otago Regional Council is doing running 8 00:00:19,760 --> 00:00:23,400 Speaker 2: the buses that chug around Dunedin mostly empty? I might add, 9 00:00:24,480 --> 00:00:27,960 Speaker 2: instead of the needon city counts or bod you know, 10 00:00:28,480 --> 00:00:32,440 Speaker 2: it begs It begs the question who should actually be 11 00:00:32,479 --> 00:00:34,640 Speaker 2: running them? And I think I just hope they don't 12 00:00:35,080 --> 00:00:39,800 Speaker 2: replace this bureaucracy with a worse one. But anyhow, a 13 00:00:39,840 --> 00:00:42,479 Speaker 2: farewell to the regional council. Shane Jones said he'd do 14 00:00:42,520 --> 00:00:43,680 Speaker 2: it and he has. 15 00:00:44,080 --> 00:00:45,880 Speaker 1: Don't let the door hit you on the way out, 16 00:00:45,960 --> 00:00:50,080 Speaker 1: we say to them, Yeah, okay, Fonterra. So this was expected, 17 00:00:50,159 --> 00:00:50,600 Speaker 1: wasn't it. 18 00:00:51,400 --> 00:00:53,800 Speaker 2: Yep, Farming's worst kept secret is out. It's out a 19 00:00:53,800 --> 00:00:55,600 Speaker 2: week early. They were going to come out with their 20 00:00:56,000 --> 00:00:58,720 Speaker 2: quarterly update early next week. But I spoke to Myles 21 00:00:58,800 --> 00:01:01,240 Speaker 2: Hurrel on my show today. He said, look, we did 22 00:01:01,280 --> 00:01:03,639 Speaker 2: the numbers over the weekend. If you've got the information, 23 00:01:03,840 --> 00:01:05,480 Speaker 2: we don't know you're sitting on it. We Mars will 24 00:01:05,480 --> 00:01:08,040 Speaker 2: get out there and tell the farmers. So that midpoint 25 00:01:08,120 --> 00:01:11,240 Speaker 2: is now nine dollars fifty. The range is nine to ten. 26 00:01:12,240 --> 00:01:16,440 Speaker 2: It still begs the question why they started And I 27 00:01:16,520 --> 00:01:18,839 Speaker 2: threw this at Miles and he duck for cover a weebit. 28 00:01:18,880 --> 00:01:21,520 Speaker 2: But they started the season at eight dollars to eleven, 29 00:01:21,720 --> 00:01:24,520 Speaker 2: and logic would suggest the midpoint there is nine to fifty, 30 00:01:24,520 --> 00:01:27,600 Speaker 2: but they chose a mid point of ten, remembering they 31 00:01:27,640 --> 00:01:33,320 Speaker 2: paid ten dollars sixteen last season. Also, interestingly, today's cut 32 00:01:33,600 --> 00:01:36,880 Speaker 2: is the first mid season cut Fonterra has made to 33 00:01:37,040 --> 00:01:40,640 Speaker 2: its forecasts since twenty three and that's because we've had 34 00:01:40,680 --> 00:01:44,920 Speaker 2: a rising plane of prices whole milk powder. As we 35 00:01:44,959 --> 00:01:47,000 Speaker 2: all know, we've had seven drops in a row. It's 36 00:01:47,040 --> 00:01:50,040 Speaker 2: twenty percent off its peak back in May. The other 37 00:01:50,120 --> 00:01:53,080 Speaker 2: problem is when the prices go up, the taps get 38 00:01:53,120 --> 00:01:56,240 Speaker 2: turned around turned on. Not only here in New Zealand. 39 00:01:56,920 --> 00:01:59,880 Speaker 2: New Zealand farmers are about four percent up on production, 40 00:02:00,280 --> 00:02:03,520 Speaker 2: but also right around the world where they divert. For instance, 41 00:02:03,560 --> 00:02:07,680 Speaker 2: in America, cheap grain into milk production. Look as we said, 42 00:02:07,720 --> 00:02:09,880 Speaker 2: we knew this was coming. A and Z cut its 43 00:02:09,919 --> 00:02:12,959 Speaker 2: forecast to nine sixty five. Recently the B and Z 44 00:02:13,200 --> 00:02:16,639 Speaker 2: went to nine to fifty. No surprise at all. It 45 00:02:16,680 --> 00:02:20,520 Speaker 2: does affect other farmers supplying other dairy companies as well, Heather, 46 00:02:20,560 --> 00:02:23,320 Speaker 2: because the likes of sin Lay milk and Westland milk 47 00:02:23,360 --> 00:02:26,680 Speaker 2: products basically peg what they paid the farmers to the 48 00:02:26,720 --> 00:02:29,120 Speaker 2: Fonterra milk price. So if I can stay at nine 49 00:02:29,160 --> 00:02:32,600 Speaker 2: to fifty, well, I think we'll still do, Okay, the Warriors, 50 00:02:32,919 --> 00:02:34,200 Speaker 2: it might sneak below. 51 00:02:33,960 --> 00:02:37,000 Speaker 1: That, Yeah, yeah, fair enough. What's going with McDonald's and 52 00:02:37,040 --> 00:02:38,000 Speaker 1: the price of beef. 53 00:02:38,560 --> 00:02:40,280 Speaker 2: Well, I just came across some numbers and I think 54 00:02:40,320 --> 00:02:42,680 Speaker 2: I've got a credit are n Z for this story 55 00:02:43,480 --> 00:02:47,000 Speaker 2: about McDonald's and how effectively important it is for New 56 00:02:47,080 --> 00:02:52,800 Speaker 2: Zealand and especially the beef industry. Ninety percent of their 57 00:02:52,880 --> 00:02:55,960 Speaker 2: menu and the one hundred and seventy restaurants around the 58 00:02:56,000 --> 00:02:59,440 Speaker 2: country is sourced from local farms. That's good. It's spending 59 00:03:00,080 --> 00:03:02,560 Speaker 2: two hundred and thirty five million here in New Zealand 60 00:03:02,560 --> 00:03:08,560 Speaker 2: on local produce beef, cheese buns. But it also exports them. 61 00:03:08,960 --> 00:03:14,679 Speaker 2: So last year, the American owned franchise or subsidiary used 62 00:03:14,720 --> 00:03:18,919 Speaker 2: six thousand tons of locally sauced beef for sale here domestically, 63 00:03:18,960 --> 00:03:22,520 Speaker 2: but it exported thirty thousand tons of it, making up 64 00:03:22,560 --> 00:03:25,600 Speaker 2: wait for this, ten percent of New Zealand's total beef 65 00:03:25,639 --> 00:03:30,240 Speaker 2: exports are responsible for what McDonald's are doing. They serve. 66 00:03:30,360 --> 00:03:33,320 Speaker 2: Here's an interesting stat for your heather, seventy million people 67 00:03:33,320 --> 00:03:36,080 Speaker 2: a day plus Donald Trump, and they use two percent 68 00:03:36,120 --> 00:03:40,000 Speaker 2: of the world's beef. And the burgers or the beef's 69 00:03:40,000 --> 00:03:42,360 Speaker 2: twenty percent more expensive than it was at the start 70 00:03:42,400 --> 00:03:44,280 Speaker 2: of the year. If you want to know what that 71 00:03:44,320 --> 00:03:48,360 Speaker 2: means for your cheeseburger, the patty that goes inside your 72 00:03:48,440 --> 00:03:52,280 Speaker 2: cheeseburger is now ten cents more expensive than it was 73 00:03:52,320 --> 00:03:53,320 Speaker 2: at the start of the year. 74 00:03:53,720 --> 00:03:55,720 Speaker 1: Now it all adds up. I suppose, Hey, how rich 75 00:03:55,720 --> 00:03:57,360 Speaker 1: is Sue's redmain. What do you think about that? 76 00:03:58,800 --> 00:04:01,839 Speaker 2: Oh right, just about to go and grab dinner? He hither. 77 00:04:01,920 --> 00:04:04,920 Speaker 2: I thought we were over, but Sue's redmate up mostly 78 00:04:05,320 --> 00:04:06,200 Speaker 2: was Sue's Redmain. 79 00:04:06,640 --> 00:04:09,320 Speaker 1: I'm sorry, four million dollars worth of property. That's not 80 00:04:09,360 --> 00:04:11,280 Speaker 1: doing too bad. It's a life goal, isn't it. 81 00:04:12,440 --> 00:04:14,800 Speaker 2: Yeah, but we've got to were bit careful with this one. 82 00:04:14,840 --> 00:04:17,160 Speaker 2: The Herald did a report on this one over the 83 00:04:17,200 --> 00:04:20,680 Speaker 2: weekend or something like that. So Sus is topping the 84 00:04:20,800 --> 00:04:26,000 Speaker 2: rich list. Christopher Luckson's second, Barbara Kurruger, another farmer, is 85 00:04:26,040 --> 00:04:28,080 Speaker 2: in third place, and I beg I threw the question 86 00:04:28,160 --> 00:04:30,960 Speaker 2: out there as Parliament returning to the sixties, the domain 87 00:04:31,000 --> 00:04:33,240 Speaker 2: for rich farmers. Well, I don't think it really is, 88 00:04:33,240 --> 00:04:36,160 Speaker 2: because Andrew Hoggard was also up on the rich list, 89 00:04:36,200 --> 00:04:38,599 Speaker 2: but he said when they worked out the value of 90 00:04:38,640 --> 00:04:40,800 Speaker 2: his farm, they forgot to take off the helf that 91 00:04:40,880 --> 00:04:43,359 Speaker 2: his mum and dad owed, and they also forgot to 92 00:04:43,360 --> 00:04:45,320 Speaker 2: take off all the money he owed to the bank. 93 00:04:45,640 --> 00:04:50,640 Speaker 2: I don't know SUS's personal farming operation, and it's a 94 00:04:50,720 --> 00:04:53,279 Speaker 2: very good one. They do some great work where they're farming. 95 00:04:53,279 --> 00:04:56,440 Speaker 2: They're a very good farming operation. How they may well 96 00:04:56,480 --> 00:04:59,359 Speaker 2: be debt free and have a farm worth eighteen million, 97 00:04:59,400 --> 00:05:03,360 Speaker 2: but I suspect that may not be the case. All 98 00:05:03,400 --> 00:05:05,840 Speaker 2: we can say is that Hogart is richer than Winston. 99 00:05:05,880 --> 00:05:09,520 Speaker 2: Winston's eleventh are on the list, Willie Jackson's the top 100 00:05:09,600 --> 00:05:13,080 Speaker 2: labor guy at seventeenth, and surprise, surprise, no green or 101 00:05:13,120 --> 00:05:16,320 Speaker 2: to party. Mari MPs make the Top twenty. 102 00:05:16,080 --> 00:05:18,640 Speaker 1: Doesn't surprise anyone. Jamie, thanks very much, really appreciate it. 103 00:05:18,720 --> 00:05:19,920 Speaker 1: Jamie mckaie, host of the Country. 104 00:05:21,440 --> 00:05:24,600 Speaker 2: For more from Heather Duplessy Allen Drive, listen live to 105 00:05:24,680 --> 00:05:27,719 Speaker 2: news Talks it'd b from four pm weekdays, or follow 106 00:05:27,760 --> 00:05:29,560 Speaker 2: the podcast on iHeartRadio.