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Jamie Mackay: The Country host ahead of the crucial vote impacting Synlait Milk · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from news Talk zed Be
• 0:12
  Speaker 1: Follow this and our Wide Ranger podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Jamie mckaye, host of the Countries with Us Right now, Hey, Jamie.
• 0:19
  Speaker 3: Can I hear that? So?
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  Speaker 2: Why does guy this is a farmer from Wired Apple,
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  Speaker 2: Why did he row across the cook Straight?
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  Speaker 3: Well, his name's Jamie Strong. He's a wire at the farmer,
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  Speaker 3: current judge of the balanced farm environment towards He said
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  Speaker 3: he's been fit all his life. He's a keen cyclist,
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  Speaker 3: took up rowing a couple of years ago to keep
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  Speaker 3: him fit. He's seventy six, so today as you do
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  Speaker 3: here that he just decided to row across Cook straight
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  Speaker 3: to raise some money for Farmstrong And isn't there a
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  Speaker 3: deliciously rich irony in the fact that a seventy six
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  Speaker 3: year old farmer can get across Coock Straight with the
• 0:54
  Speaker 3: fairies cart.
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  Speaker 2: What was the weather? I mean like, if anybody said
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  Speaker 2: to me, I'm going to row across Crook straight, the
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  Speaker 2: first thing I would say to them is, no, you're not,
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  Speaker 2: because it's going to kill you. What was the weather like?
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  Speaker 3: It was beautiful. There's a big high plunked over New Zealand.
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  Speaker 3: Obviously this very low Swales, perfect conditions and he did
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  Speaker 3: it quite comfortably apparently in the end, and having flown
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  Speaker 3: over cook straight last week, he chose the right week
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  Speaker 3: to do it.
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  Speaker 2: I think, yeah, good on him. Okay, so listen, are
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  Speaker 2: you're going to go to the Young Farmer of the
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  Speaker 2: Year Grand Final?
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  Speaker 3: No, I'm going to lick my wounds. I've been on
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  Speaker 3: the road far too much. But it's going to be fantastic.
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  Speaker 3: It's being held gets underway in Hamilton on Thursday Claudland's
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  Speaker 3: Events Center there in the middle of town. Great venue
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  Speaker 3: culminates on Saturday night with the cloak of Knowledge being
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  Speaker 3: handed over by the twenty twenty three winner, Emma Paul,
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  Speaker 3: first woman to ever win the Young Farmer of the
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  Speaker 3: Year Final. And we've got seven first time finalists. Often
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  Speaker 3: with the Young Farmer of the Year Grand Final Heather,
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  Speaker 3: sometimes you have to be a repeat offender to win it,
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  Speaker 3: just to get that experience. It's quite a few young guys,
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  Speaker 3: all blokes this year, no women in the final and
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  Speaker 3: they're all first timers, so we will have as I say,
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  Speaker 3: first time, I'm winning the Young Farmer of the Year
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  Speaker 3: once again as a lovely synergy with fat. In nineteen five,
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  Speaker 3: Warwick Katto, Jamie Strang's fellow judged for the Balanced Farm
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  Speaker 3: Environment Awards. He won the Young Farmer of the Year contest,
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  Speaker 3: repeating the effort of from his twin brother who won
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  Speaker 3: it nineteen ninety two. And if you think twin brothers
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  Speaker 3: winning the Young Farmer of the Year in the nineties,
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  Speaker 3: it's pretty cool. Well Emma Paul's brother and Dan Jin
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  Speaker 3: won it in twenty twenty two, better husband was runner up.
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  Speaker 2: It's in the family and the family, isn't it, Jamie,
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  Speaker 2: What do you think is going to happen with sinlo
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  Speaker 2: what's the most likely outcome?
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  Speaker 3: Well, I think it's Hobson's choice, sarahwe but I think
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  Speaker 3: they're going to have to vote. So a special shareholder's
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  Speaker 3: meeting's going to be held on Thursday to approve this
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  Speaker 3: one hundred and thirty million dollar loan from the biggest shareholder.
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  Speaker 3: It seems it's the only only only porter call for them.
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  Speaker 3: Sorry to use the cook straight analogy again. So that's
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  Speaker 3: Bright Dairy out of China. So siddenly needs the money
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  Speaker 3: to repay loans due on the fifteenth feb Very Bright
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  Speaker 3: Dairy cannot actually vote, so it's up to the shareholders.
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  Speaker 3: Institutional shareholders own about forty one percent of company. Interestingly,
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  Speaker 3: the other twenty percent is owned by a too. Milcolm,
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  Speaker 3: is a question over there whether they're keen to support
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  Speaker 3: this is the throwing good money after bad, so if
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  Speaker 3: it doesn't get the vote, they're going to be left
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  Speaker 3: with limited options. One of them would obviously be voluntary administration,
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  Speaker 3: and I'm sure no one it's in they wants to
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  Speaker 3: see that. So the deadline proxy for votes I think
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  Speaker 3: finished this afternoon. That special shareholders meeting will be held
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  Speaker 3: on Thursday afternoon.
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  Speaker 2: Watch this space, Jamie, good to talk to you. Thank
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  Speaker 2: you so much, appreciate it. Jammy MacKaye hosts of the Country.
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