Latest / Best of Business / Jamie Mackay: The Country host on demand for red meat shifting ahead of supply

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Jamie Mackay: The Country host on demand for red meat shifting ahead of supply · Best of Business

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  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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  Speaker 1: this and our Wide Ranger podcasts now on iHeartRadio The
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  Speaker 1: Rural Report with MSD Animal Health, Home of Maltine ends
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  Speaker 1: Head's leading fave in one vaccine.
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  Speaker 2: Quarter past six. On News Talk SIB Jamie McKay with
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  Speaker 2: Me tonight hosted The Country. Hi Jamie, Good evening, Ryan.
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  Speaker 2: Great to have you here as always. Now, Jim Ward,
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  Speaker 2: the manager of Molesworth Station, the biggest farm in the country,
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  Speaker 2: has resigned from his post this after twenty four years
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  Speaker 2: of service to the operation. What's going on.
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  Speaker 3: Here, Well, I don't know. I've got a call in
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  Speaker 3: to him. I'm very disappointed about this from a purely
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  Speaker 3: selfish point of view, Ryan, Jim and I went to
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  Speaker 3: secondary school together, played a lot of footy together, and
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  Speaker 3: I caught up with them, renewed our acquaintance at the
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  Speaker 3: Primary Industry Awards just last month and he said, I'll
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  Speaker 3: take you for a tour through Molesworth Station this summer.
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  Speaker 3: And that's not going to happen because he's left or
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  Speaker 3: resigned with immediate effect. He's alleged to have resigned because
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  Speaker 3: of growing frustration with the wilding pines on the station
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  Speaker 3: and the uncertainty about the station's future. The wilding pines
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  Speaker 3: are estimated to will cover sixty percent of the station
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  Speaker 3: in the next twenty years unless something's done to halt
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  Speaker 3: their progress or lack of progress in their case. So,
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  Speaker 3: you know, as you pointed out, Ryan, it is the
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  Speaker 3: country's biggest farm. One hundred and eighty thousand hectares. What's
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  Speaker 3: that just off the top of my head, about four
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  Speaker 3: hundred and fifty thousand acres or something like that. One
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  Speaker 3: of one hundred and twelve farms that PAMU own or manage.
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  Speaker 3: This one's owned by the Crown, lest by PAMU, managed
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  Speaker 3: by Doc. There is a lot of criticism that they're
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  Speaker 3: not doing a very good job. It is a magnificent property.
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  Speaker 3: It's a real jewel. Also in the tourism. Crown running
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  Speaker 3: six thousand angus and angus hereford cross cattle. And I
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  Speaker 3: think we're going to talk about the price of meat
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  Speaker 3: very shortly. Literally, those angus cattle are black gold.
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  Speaker 1: Yeah.
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  Speaker 2: Well, Dan Bolton certainly thinks so. Silverfin's farm chief executive
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  Speaker 2: talking about demand and the fact that it's getting out
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  Speaker 2: ahead of supply and we'll.
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  Speaker 3: Stay it and it's a bit like the dairy prices
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  Speaker 3: at the moment. It's little consolation to people heading to
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  Speaker 3: the supermarket. But the dairy prices and the meat prices
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  Speaker 3: are really good, at record highs in many cases. So
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  Speaker 3: not good if you're a shopper and you've got four
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  Speaker 3: point six percent less for your dollar than you've got
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  Speaker 3: this time a year ago. But meat, fish and poultry
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  Speaker 3: drove up those food prices by six point four percent.
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  Speaker 3: Your stake's gone up by twenty two percent, your mints
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  Speaker 3: by fifteen percent. God knows what your butter and cheese
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  Speaker 3: have done. But Silverfern Farms, Yeah, Dan Bolton, they recently
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  Speaker 3: had their farmer conference, I think it was in Hamilton,
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  Speaker 3: and he's just saying, look, demand is exceeding supply, and
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  Speaker 3: that's right across the world. That the US is still
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  Speaker 3: in a drought situation. It's going to take them several
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  Speaker 3: years to rebuild their herd. Very favorable for the farmers,
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  Speaker 3: those farmers that are left with land use change. Just
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  Speaker 3: to give you an idea of the numbers, Ryan, in
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  Speaker 3: May alone, red meat ex boats were worth one point
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  Speaker 3: one five billion, up six percent. The US our biggest market.
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  Speaker 3: Despite the ten percent tariff. They're chewing through three hundred
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  Speaker 3: and twenty seven million dollars worth of meat, nearly all
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  Speaker 3: grinding beef in one month. Britain's up forty four percent
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  Speaker 3: to ninety million off the back of the free trade agreement.
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  Speaker 3: The problem is we're running out of land to raise
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  Speaker 3: these cattle and lambs land use change carbon farming. The
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  Speaker 3: lamb kills ten percent behind where it was this time
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  Speaker 3: a year ago. Beef kills down six percent to just
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  Speaker 3: over two million. Those prices though, have gone up. It's
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  Speaker 3: eye watering for lamb. Now you're getting nine dollars sixty
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  Speaker 3: this time a year ago, six dollars fifty. That's what
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  Speaker 3: the farmers are getting paid. Prime beef is about eight
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  Speaker 3: to eight dollars fifty. So when you go and look
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  Speaker 3: at your piece of steak and the supermarket and you
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  Speaker 3: know the farmer is getting eight bucks a kilo, that's
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  Speaker 3: not all their fault. Ask us the supermarkets why you're
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  Speaker 3: paying forty five bucks aquilo?
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  Speaker 2: Yeah, and that's the problem. People are just looking at
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  Speaker 2: the stacks. Some can't afford to actually go and buy them. Hey, Jamie,
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  Speaker 2: great to have you on the program. As always, Jamie mckaye,
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  Speaker 2: Host of the Country with our Rural Report.
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