Latest / Best of Business / Rowena Duncum: The Country host ahead of the first GDT auction since the tariffs were announced

Transcript

Rowena Duncum: The Country host ahead of the first GDT auction since the tariffs were announced · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News talks'd be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: With me, I was Rowena Duncan of the Country a
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  Speaker 2: ro Hey. Ever, now, what's brought these dairy greenhouse gas
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  Speaker 2: emissions down?
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  Speaker 3: Yeah, it's an interesting one. So we had the report
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  Speaker 3: released this afternoon from the New Zealand Greenhouse Gas Inventory
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  Speaker 3: showing that methane emissions from agriculture now three point seven
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  Speaker 3: percent below twenty seventeen levels, and it's really down to
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  Speaker 3: a drop in cowl numbers. For dairy in particular, it's
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  Speaker 3: downs three point seven percent. On the plus side, though
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  Speaker 3: average milk production per cow rose by one point eight percent,
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  Speaker 3: but beef and land New Zealand have obviously been pretty
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  Speaker 3: badly hit in the red meat sector and they're saying,
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  Speaker 3: you know, this is going to continue to reduce in
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  Speaker 3: the next few years due to land change. Cheer Kate
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  Speaker 3: Ackland says the report should be a good news story
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  Speaker 3: that our emissions are down, but actually when you look
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  Speaker 3: into it further, the primary driver has obviously been the
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  Speaker 3: conversion of productive sheep and beef farms into forestry for
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  Speaker 3: carbon offsetting, and she says like, while the industry might
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  Speaker 3: be heading towards the current twenty thirty target, it's for
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  Speaker 3: the wrong reasons. And the reductions are being achieved by
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  Speaker 3: reduction in stock numbers, and that's just allowing fossil fuel
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  Speaker 3: limitters to continue emitting by kind of saying that it's
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  Speaker 3: okay to offset your carbon emissions. So if you look
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  Speaker 3: at some of the facts here, we're losing a lot
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  Speaker 3: of heat. Dares to when whole sheep and bee farms
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  Speaker 3: were sold for conversion into forestry, particularly for carbon farming.
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  Speaker 3: And I'm going to be chatting to the Prime Minister
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  Speaker 3: on the country tomorrow and Jamie's absence and actually just saying,
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  Speaker 3: you know, Todd McLay came out on the fourth of
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  Speaker 3: December last year saying that was something the government were
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  Speaker 3: going to look into. But when is this legislation going
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  Speaker 3: to come into effect that prohibits wholesale conversions from farmland
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  Speaker 3: into forestry because farmers are still getting pretty upset, yep.
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  Speaker 2: And there's a fair amount of it's still going on.
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  Speaker 2: We've got the Global Dairy Trade auction since the tariffs
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  Speaker 2: announcements the first one, what do we expecting?
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  Speaker 3: Yes, yeah, So the market's calling for about a three
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  Speaker 3: percent increase in whole milk powder, maybe flat for skim
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  Speaker 3: milk powder, and hopefully increase and hydrous milk fat. We're
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  Speaker 3: at the back end of the season, you know, there's
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  Speaker 3: very little new Zealand product available. People are looking at
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  Speaker 3: starting to dry their cowls off. Their lactation curve is decreasing,
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  Speaker 3: so that should kind of support the pricing. So if
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  Speaker 3: that plays out, good result and it'll set us up
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  Speaker 3: nicely for the new season on June first, brilliant.
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  Speaker 2: Stuff Row thanks very much, look after your somefing goodluck
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  Speaker 2: with it tomorrow it's Roe Duncan of the Country.
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