Latest / The SME Stream / Dan Boulton: Silver Ferns Farms chief executive says he's still unsure if meat sector will be affected by Trump tariffs

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Dan Boulton: Silver Ferns Farms chief executive says he's still unsure if meat sector will be affected by Trump tariffs · The SME Stream

• 0:00
  Speaker 1: We're going to Dan Bolton, our silverfer and Farms chief
• 0:02
  Speaker 1: executive for our rural catch up. So we've had the
• 0:05
  Speaker 1: dairy headline numbers doing quite well, but what about the
• 0:09
  Speaker 1: red meat sector? What about the Trump's and Trump's tariffs
• 0:14
  Speaker 1: and also our disputes with Canada. It's great to have
• 0:17
  Speaker 1: Dan back on the program. Dame, good morning, Good morning, Ryan,
• 0:21
  Speaker 1: great to talk to you. Let's start with the whole
• 0:24
  Speaker 1: Trump tariff thing. How didn't you guys worried about that?
• 0:29
  Speaker 2: I mean, clearly there's some big pre election promises there
• 0:31
  Speaker 2: around blanket tariffs and they created some big headlines here
• 0:34
  Speaker 2: in New Zealand and sort of made us sit up
• 0:37
  Speaker 2: as a large export nation in the US market is
• 0:41
  Speaker 2: a really important market for our sheep, beef and venison farmers,
• 0:44
  Speaker 2: and that market's going extremely well for us. But when
• 0:47
  Speaker 2: our views, there's still a lot of water to go
• 0:49
  Speaker 2: under the bridge between now and the twentieth of January
• 0:51
  Speaker 2: and whether New Zealand will actually be affected and whether
• 0:55
  Speaker 2: those tariffs are going to be more targeted versus blanket
• 0:58
  Speaker 2: and we're sort of seeing, you know, they're definitely going
• 1:01
  Speaker 2: to be focusing on nations that is a trade of
• 1:04
  Speaker 2: balance with the US, and luckily New Zealand in the
• 1:07
  Speaker 2: US is quite a balanced trade position, and I think
• 1:10
  Speaker 2: for US, the US is very very short on beef
• 1:13
  Speaker 2: at the moment, you know, and they're going to be
• 1:15
  Speaker 2: relying heavily on us over the next few years. So
• 1:18
  Speaker 2: you know, I think for US, there's a lot of
• 1:19
  Speaker 2: water to go under the bridge. The chances of a
• 1:22
  Speaker 2: blanket tariff is is probably less likely than we think,
• 1:26
  Speaker 2: but we are watching it very closely, and we're also
• 1:29
  Speaker 2: seeing you know, consumers in the US also, you know,
• 1:32
  Speaker 2: are very up in arms around the impact of increasing
• 1:35
  Speaker 2: food prices with those as well, so we're monitoring it.
• 1:39
  Speaker 2: You know, a lot of waters to go under the bridge.
• 1:41
  Speaker 2: But you know, from farms, we're really good at sort
• 1:44
  Speaker 2: of managing sort of geopolitical and trade changes. You know,
• 1:48
  Speaker 2: we export to over sexty countries.
• 1:50
  Speaker 1: You've got a bit you've got to be on top
• 1:51
  Speaker 1: of that. You've got to be you go on when
• 1:55
  Speaker 1: you're when you're a really exported like us, how is
• 1:58
  Speaker 1: how how are exports doing generally in the sixth through
• 2:00
  Speaker 1: at the moment, how are exports stone? How are we preparing?
• 2:03
  Speaker 2: Well, we've just come off our farmer roadshows and we've
• 2:05
  Speaker 2: shared a lot of optimism as we move into twenty
• 2:08
  Speaker 2: twenty five. You know, we're seeing some big global supply
• 2:11
  Speaker 2: dynamics swimming back into our favor, which is going to
• 2:13
  Speaker 2: be good for our farmers. And then what we're also
• 2:16
  Speaker 2: seeing on the back of climate change and some you know,
• 2:18
  Speaker 2: other large producer nations, food security is becoming a real
• 2:22
  Speaker 2: concern for some of our high value customers offshore. So
• 2:24
  Speaker 2: that's another positive sign for New Island. And so you know,
• 2:27
  Speaker 2: we start to see that see both of those play out,
• 2:30
  Speaker 2: and you know, already in the Q the last quarter
• 2:32
  Speaker 2: of this year, we're seeing land pricing recover well, you know,
• 2:35
  Speaker 2: back up over the eight dollar mark, and that's favorable,
• 2:38
  Speaker 2: and we're seeing that continue into into twenty twenty five.
• 2:42
  Speaker 2: The UK is going to be short, and we're seeing
• 2:44
  Speaker 2: some good year on the year price and on beef,
• 2:47
  Speaker 2: you know, some record pricing out the farm gate at
• 2:50
  Speaker 2: this point in time, particularly off the back of the
• 2:52
  Speaker 2: US being very short, so and we're seeing that going
• 2:54
  Speaker 2: to be continuing for some time as well. So lots
• 2:57
  Speaker 2: of tailwinds which our farmers desperately need. So we're looking
• 3:02
  Speaker 2: forward to a pretty exciting twenty twenty five.
• 3:04
  Speaker 1: Yeah, this Canada's dispute that we've gotten. We've had Todd
• 3:07
  Speaker 1: McLay over in Canada meeting with them to talk about
• 3:10
  Speaker 1: it in the last couple of days. Anything to do
• 3:12
  Speaker 1: with red meat or is this all a dairy thing?
• 3:15
  Speaker 2: Yeah, it's all a dairy thing, so I think we're
• 3:17
  Speaker 2: pretty safe there.
• 3:19
  Speaker 1: Nice, all right, Dan, thank you very much for being
• 3:20
  Speaker 1: with us. Really appreciate it. Dan Bolton, silver Fin Farms,
• 3:23
  Speaker 1: Chief executive,