1 00:00:00,160 --> 00:00:03,200 Speaker 1: Interesting developments in the wine industry. Taiwanga restate this in 2 00:00:03,240 --> 00:00:05,400 Speaker 1: hawks By it's on the market because the owner wants 3 00:00:05,400 --> 00:00:07,360 Speaker 1: to concentrate on exporting to the US. So if you 4 00:00:07,400 --> 00:00:09,399 Speaker 1: fancy a restaurant, vineyard and cellar door, this could be 5 00:00:09,480 --> 00:00:12,880 Speaker 1: for you. The owner Rod McDonald's with us, Rod, morning, morning, 6 00:00:12,880 --> 00:00:14,560 Speaker 1: How are you well? Thank you? How much of this 7 00:00:14,600 --> 00:00:17,000 Speaker 1: is about the domestic hospo market being a bit hard 8 00:00:17,040 --> 00:00:19,600 Speaker 1: work versus you wanting to be in the US. 9 00:00:21,200 --> 00:00:23,560 Speaker 2: Look, you know, it's always going to be a combination 10 00:00:23,640 --> 00:00:26,600 Speaker 2: of both. We've got a really exciting opportunity in the US, 11 00:00:26,640 --> 00:00:31,040 Speaker 2: but it's capital hungary. So weighing up the opportunities between 12 00:00:32,320 --> 00:00:36,280 Speaker 2: operating the continuing to operate the vineyard, particularly in cellar door, 13 00:00:36,880 --> 00:00:40,160 Speaker 2: compared to what lies the head potentially in the US, 14 00:00:40,840 --> 00:00:41,360 Speaker 2: is what. 15 00:00:41,240 --> 00:00:43,640 Speaker 1: Lies ahead potentially in the US super exciting. 16 00:00:44,800 --> 00:00:48,479 Speaker 2: Yeah, it is. Look where we've recently got some listenings 17 00:00:48,520 --> 00:00:50,160 Speaker 2: in Costco. We're going to be in about one hundred 18 00:00:50,159 --> 00:00:56,640 Speaker 2: and sixteen stores come the next quarter of trading, and 19 00:00:57,800 --> 00:01:01,400 Speaker 2: we've got national distribution. But it's really early days for us, 20 00:01:01,440 --> 00:01:03,760 Speaker 2: so it just takes a lot of money to continue 21 00:01:03,800 --> 00:01:05,840 Speaker 2: to build and invest in that platform. 22 00:01:05,920 --> 00:01:08,200 Speaker 1: Yes, it does having it. So you are you one 23 00:01:08,200 --> 00:01:10,080 Speaker 1: of those people who started out with you know, you 24 00:01:10,080 --> 00:01:12,120 Speaker 1: could look at your grapes out your window and you 25 00:01:12,160 --> 00:01:14,520 Speaker 1: could crush them yourself and think that's fantastic. You've moved 26 00:01:14,560 --> 00:01:16,720 Speaker 1: into be a sort of a mega entrepreneur. Are you 27 00:01:16,760 --> 00:01:17,640 Speaker 1: one of those sort of people? 28 00:01:19,120 --> 00:01:21,800 Speaker 2: Yeah? I wouldn't say mega entrepreneur, but certainly labeling at 29 00:01:21,800 --> 00:01:25,040 Speaker 2: the kitchen table and getting out with a weed wacker 30 00:01:25,360 --> 00:01:28,480 Speaker 2: and dealing with you know, dealing with a vignyard on 31 00:01:28,520 --> 00:01:31,080 Speaker 2: a daily basis. That's where it all started for sure, exactly. 32 00:01:31,120 --> 00:01:33,280 Speaker 1: So you want to lease back, though, don't you, because 33 00:01:33,319 --> 00:01:35,200 Speaker 1: you can't get into the US and expand if you 34 00:01:35,200 --> 00:01:36,880 Speaker 1: don't have any grapes, and if you sell your grapes, 35 00:01:36,920 --> 00:01:40,240 Speaker 1: you're sort of out of wine making, aren't you. Yeah. 36 00:01:40,280 --> 00:01:42,120 Speaker 2: So there's a few different parts of the business. We 37 00:01:42,200 --> 00:01:44,240 Speaker 2: leased a couple of vineyards, and we work with growers 38 00:01:44,240 --> 00:01:46,479 Speaker 2: and they've all been incredibly supportive and a big part 39 00:01:46,520 --> 00:01:48,680 Speaker 2: of the journey to get to this point. So we'll 40 00:01:48,720 --> 00:01:52,080 Speaker 2: continue to do that. You know, a vinyard at Tiawonga 41 00:01:52,120 --> 00:01:57,440 Speaker 2: we planted with Merlow's son, Blanc Chadet and Sarah. It's 42 00:01:58,360 --> 00:02:00,240 Speaker 2: you know, most of what we're selling overseas as a 43 00:02:00,280 --> 00:02:03,840 Speaker 2: sauvinyon blanc and and not at the sort of super 44 00:02:03,880 --> 00:02:06,640 Speaker 2: premium price point that we grow out a tiawa. So 45 00:02:07,120 --> 00:02:09,760 Speaker 2: we're fully certified organic out there. That's a big part 46 00:02:09,800 --> 00:02:13,720 Speaker 2: of the story for us as well. But to get 47 00:02:13,800 --> 00:02:16,840 Speaker 2: some scale and build momentum in the US, you know, 48 00:02:16,960 --> 00:02:20,960 Speaker 2: sustainability is part of the story. And and Hawk's Bay 49 00:02:21,000 --> 00:02:24,000 Speaker 2: sauvignon blanc, believe it or not. So I think it's 50 00:02:24,360 --> 00:02:27,359 Speaker 2: it's a really exciting thing for hawks Bay and US. 51 00:02:27,680 --> 00:02:29,959 Speaker 2: But you've got to cut your cloth. You've got to 52 00:02:30,080 --> 00:02:32,000 Speaker 2: you've got to allocate your resources where you think they're 53 00:02:32,040 --> 00:02:33,079 Speaker 2: going to get your best return. 54 00:02:33,320 --> 00:02:35,000 Speaker 1: Exactly. Well, I wish you all the very best with it, 55 00:02:35,080 --> 00:02:38,240 Speaker 1: Rod Rod McDonald, who is the owner currently of Taiwanga 56 00:02:38,440 --> 00:02:40,400 Speaker 1: es state they make some very good wines. So for 57 00:02:40,600 --> 00:02:42,800 Speaker 1: range of ones, actually you get some of the sabs 58 00:02:42,800 --> 00:02:45,000 Speaker 1: and the high teens, and they make a very good 59 00:02:45,080 --> 00:02:48,320 Speaker 1: top end Surah. So best Sarah in the country comes 60 00:02:48,320 --> 00:02:49,760 Speaker 1: out of Hawks Bay. Of course. I think that I 61 00:02:49,840 --> 00:02:53,520 Speaker 1: can say that without any real dispute, can't 62 00:02:53,560 --> 00:02:57,040 Speaker 2: I for more from the mic asking Breakfast, listen live 63 00:02:57,200 --> 00:03:00,120 Speaker 2: to news talks that'd be from six am weekdays, or 64 00:03:00,160 --> 00:03:02,000 Speaker 2: follow the podcast on iHeartRadio