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Speaker 1: I argued it at the time because well several times

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Speaker 1: over actually argue because I thought it was the right

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Speaker 1: thing to do. But Winston Peter's enter the Fontira brand

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Speaker 1: sale debate yesterday, I suspect because he thinks there are

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Speaker 1: points to be scored, not because he's wrong, of course,

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Speaker 1: because he isn't. But if you really cared about the

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Speaker 1: sale that Vonterira has been involved with for some period

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Speaker 1: of time, you might have stomped up a little bit earlier.

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Speaker 1: In a way, it's none of our business, neither mind

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Speaker 1: nor Peter's. We aren't farmers, we don't vote. The people

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Speaker 1: who do vote are having a vote at the moment.

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Speaker 1: They're in the process as we speak. My guess is

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Speaker 1: it will romp home and each farmer on average will

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Speaker 1: be several hundred thousand dollars better off. But there is

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Speaker 1: also always has been the Fontira's social license. Although the

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Speaker 1: average punter doesn't own them or have a say, they

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Speaker 1: are so big that their role in the New Zealand

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Speaker 1: economy is outsized to the point that what they do

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Speaker 1: has national implications. I've always argued that their argument for

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Speaker 1: sale is wrong. It's a rather convenient way to exit

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Speaker 1: a business they can see some fiscal upside from. There's

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Speaker 1: nothing it never has been any reason they can't and

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Speaker 1: don't run their brand successfully. They say it's not their

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Speaker 1: core business. Milk turns into cheese and ice cream. Cheese

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Speaker 1: and ice cream are the brands they're selling. The French company,

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Speaker 1: also in the same business, says Fonterra doesn't seem to

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Speaker 1: see it that way either, otherwise they wouldn't be stumping

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Speaker 1: up over four billion dollars for it. There is an agreement,

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Speaker 1: and this is Peter's main point, that the new owner

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Speaker 1: uses Fontira products, but says Peters, how long for and

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Speaker 1: when the clock stops? Which will our milk will be

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Speaker 1: just another in a long line of milk jukes. We'd

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Speaker 1: found out, of course yesterday the dealer's ten years. Peter's

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Speaker 1: tosses in a bit of conspiracy about Fonterra executives and bonuses.

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Speaker 1: But that's the politics of it all, really, But then

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Speaker 1: that's always been the Peter's way, hasn't At its core,

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Speaker 1: he makes sense. He values New Zealand, he values New

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Speaker 1: Zealand products, so as viewers consistent. But then there's always

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Speaker 1: a little conspiratorial spice in the headlines, and as we

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Speaker 1: found out, there is no bonus. If this sale was

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Speaker 1: to be debated properly, far less halted. He needed to

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Speaker 1: be front and center ages ago, So the Peter's foray

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Speaker 1: good point, just too late. For more from the Mic

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Speaker 1: Asking Breakfast, listen live to News Talks at B from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio