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Jamie Mackay: The Country host on farmer confidence reaching its highest level in years · 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 2: So the Financial Markets Conduct of Institution's Amendment Bill has
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  Speaker 2: been plucked from the ballot today. That is the New
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  Speaker 2: Zealand First Amendment Bill that would try and take on
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  Speaker 2: quote woke bank lending. And Jamie McKay is some of us.
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  Speaker 2: He's from the country here on newstalk, said b Hi,
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  Speaker 2: Jamie good a Ryan, what do you make I mean
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  Speaker 2: obviously that this is going to be a huge issue
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  Speaker 2: for in concern for the rural sector. Do you what
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  Speaker 2: are you What are your thoughts on whether it'll actually
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  Speaker 2: get past the line?
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  Speaker 3: Well, I don't know if we'll get past the line,
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  Speaker 3: but I say good on Andy Foster, the former Wellington
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  Speaker 3: there for chucking it in the This is the one
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  Speaker 3: they pull out of the biscuit to is it, Ryan?
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  Speaker 3: Is that where it comes from? That's right, yep, yeah, yeah,
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  Speaker 3: So it got pulled out this afternoon. Yeah, because look,
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  Speaker 3: I've been on the case of the banks as well.
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  Speaker 3: You can call them woke or whatever, but they've been
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  Speaker 3: under huge pressure recently for some of their more unpalatable
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  Speaker 3: lending practices. Federated Farmers, to give them credit, have been
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  Speaker 3: leading the charge on this one. They've been instrumental in
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  Speaker 3: securing the seat selectivity inquiry that's currently underway, and they
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  Speaker 3: quite rightly point out that these woke banks, if you
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  Speaker 3: want to call them that, setting different targets for Australian
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  Speaker 3: farmers than New Zealand farmers. We've got all this nonsense
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  Speaker 3: about de banking petrol stations, rural based petrol stations, or
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  Speaker 3: even some farmers if they don't meet their emissions reduction targets.
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  Speaker 3: And it's worth remembering and reiterating Ryan, the net zero
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  Speaker 3: banking alliance that all the big ossie banks belong to,
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  Speaker 3: the big banks in America have all poured out of it,
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  Speaker 3: you know, the likes the Bank of America, Goldman Sachs,
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  Speaker 3: JP Morgan. So whether this is just another thing that
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  Speaker 3: will fall over under the Trump regime around the world,
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  Speaker 3: who knows. But all I know is that the banks
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  Speaker 3: have had it too good for too long. And I
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  Speaker 3: say good on Federated Farmers shoving.
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  Speaker 2: It right up fair enough, fair enough, I don't. I mean,
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  Speaker 2: there are a whole bunch of reasons I think they
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  Speaker 2: shouldn't do it, but I think regardless it's it won't
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  Speaker 2: get much supportive. I mean, Zelm first obviously Backett, but
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  Speaker 2: I can't see well obviously Act won't and I can't
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  Speaker 2: see him in the end actually National doing it either.
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  Speaker 2: But anyhow, we'll see how it goes on in Parliament.
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  Speaker 2: The confidence survey, we're looking really strong, Jamie.
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  Speaker 3: Yeah, well that one came out yesterday, so but I
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  Speaker 3: mean I could have written the confidence survey myself, to
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  Speaker 3: be honest, Rine from just my dialogue with that I
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  Speaker 3: talked to on a regular base. And while it's great,
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  Speaker 3: I'm just trying to drag the numbers. We've gone from
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  Speaker 3: a deeply negative minus sixty six and that is incredibly
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  Speaker 3: deeply negative in July twenty twenty four to a net
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  Speaker 3: positive score of two percent. So that's a mess of surge.
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  Speaker 3: But you know, you've got to remember we're only we're
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  Speaker 3: only cut a net positive score of two percent, So
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  Speaker 3: that's in terms of economic conditions. But look, to be
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  Speaker 3: fair to the current government and the regime, the markets
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  Speaker 3: have come to the party as well. Most of our
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  Speaker 3: primary sector products are receiving good or in some cases
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  Speaker 3: record prices, like the likes of the likes of beef
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  Speaker 3: fairy Kiwi fruits very very good. So you know, and
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  Speaker 3: as I said this, I think the other day on
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  Speaker 3: my show, if farmer's confidence isn't up on this, it
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  Speaker 3: never will be. The planets are aligning in twenty twenty
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  Speaker 3: five for a pretty good farming year.
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  Speaker 2: Absolutely great news and good for all of us because
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  Speaker 2: it reaches us eventually. Jamie. Thank you. Jamie mckaye, host
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  Speaker 2: of the Country Here on News Talks EDB.
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