More profit appears to be on the horizon for dairy farmers, with conditions faring better than expected.

Dairy NZ's lifted its revenue forecast to $8.84 per kilogram of milk solids, with a break even of $8.09.

Head of Economics Mark Storey says the combination of improved farmgate milk prices and declining interest rates show a healthier situation for the sector.

But he says the costs of electricity, feed, and maintenance have kept driving farm working expenses up.

He says overall expenses are staying stubbornly high, so the inflation hasn't come out of the system just yet.

LISTEN ABOVE

More profit appears to be on the horizon for dairy farmers, with conditions faring better than expected.
Dairy NZ's lifted its revenue forecast to $8.84 per kilogram of milk solids, with a break even of $8.09.
Head of Economics Mark Storey says the combination of improved farmgate milk prices and declining interest rates show a healthier situation for the sector.
But he says the costs of electricity, feed, and maintenance have kept driving farm working expenses up.
He says overall expenses are staying stubbornly high, so the inflation hasn't come out of the system just yet.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Mark Storey: Dairy NZ Head of Economics on the improving conditions for the sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2cfe1770-1766-4238-9bee-b1ed01582643/transcript

Labour's questioning the Government's decision to bring forward the introduction of the Treaty Principles Bill. 

The bill was introduced to the House yesterday ahead of its first reading next week. 

If adopted, it would set treaty principles into law to be used when interpreting legislation. 

Labour's Justice Spokesperson, Duncan Webb, told Ryan Bridge that introducing the bill 11 days earlier than expected appears to have been a strategic move. 

Webb says introducing it during US election week has helped keep it on the "low down". 

LISTEN ABOVE 

Labour's questioning the Government's decision to bring forward the introduction of the Treaty Principles Bill.&nbsp;
The bill was introduced to the House yesterday ahead of its first reading next week.&nbsp;
If adopted, it would set treaty principles into law to be used when interpreting legislation.&nbsp;
Labour's Justice Spokesperson, Duncan Webb, told Ryan Bridge that introducing the bill 11 days earlier than expected appears to have been a strategic move.&nbsp;
Webb says introducing it during US election week has helped keep it on the "low down".&nbsp;
LISTEN ABOVE&nbsp;

Duncan Webb: Labour's Justice Spokesperson on the Treaty Principles Bill being introduced earlier than planned

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/37bcbc48-ec8f-48e3-8a2b-b221014eed15/transcript

The meat sector is bracing for the impact of a Donald Trump presidency. 

The President-Elect has campaigned on tariffs of up to 20% on all imports, with higher tariffs for imports from China. 

The US is our largest market for red meat. 

Meat Industry Association Chair Nathan Guy told Ryan Bridge the tariff plan will hit the sector pretty hard. 

He says it will hit US consumers even harder as they'll have to pay more for the red meat and burger patties we produce. 

LISTEN ABOVE 

The meat sector is bracing for the impact of a Donald Trump presidency.&nbsp;
The President-Elect has campaigned on tariffs of up to 20% on all imports, with higher tariffs for imports from China.&nbsp;
The US is our largest market for red meat.&nbsp;
Meat Industry Association Chair Nathan Guy told Ryan Bridge the tariff plan will hit the sector pretty hard.&nbsp;
He says it will hit US consumers even harder as they'll have to pay more for the red meat and burger patties we produce.&nbsp;
LISTEN ABOVE&nbsp;

Nathan Guy: Meat Industry Association Chair on the impact of Donald Trump's import tariffs on the NZ meat sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/879cfc4c-5826-478e-8e79-b221014b374d/transcript

Rosemary Banks – remember that name.

She now has one of the most important jobs for New Zealand – a potentially $2 billion job.

She's woman in Washington DC, our ambassador to the United States.

Her mission: get us an exemption from Trump's tariffs.

The scale of the problem: massive.

Early estimates show that at 20% it could cost us $1.7 billion every year. Total exports currently $8.8 billion.

It can be done: the Aussies got an exemption on steel and aluminium in 2018 under Trump.

Is she up to the job? I'm told yes. If anyone can do it, Rosemary Banks is the person you want up there.

I'm told she has excellent contacts in the Republican Party and is working the phones hard.

She was asked to stay on by Winston Peters back in May, in anticipation Trump might get in.

She's the same ambassador who was in charge when we nearly got an FTA during Trump's first term.

Of course, it's not all on her. Winston and Todd McClay and Luxon will play their parts too. But the ground game is on Rosemary.

We may have some advantage here in that we export food, and food is something Trump probably doesn't want to make more expensive.

Then there's the uncertainty of whether Trump will actually make good on his campaign big talk.

Rosemary's not waiting round for that certainty, they have a plan and by God it better be a good one.

We like to hate on diplomats - oh they just go to nice dinners, drink wine and shmooze. Well, it's time to crack out our best pinot, use the contacts and make the deals happen.

The weight of our export nation is on your shoulders.

Best of luck.

Rosemary Banks – remember that name.
She now has one of the most important jobs for New Zealand – a potentially $2 billion job.
She's woman in Washington DC, our ambassador to the United States.
Her mission: get us an exemption from Trump's tariffs.
The scale of the problem: massive.
Early estimates show that at 20% it could cost us $1.7 billion every year. Total exports currently $8.8 billion.
It can be done: the Aussies got an exemption on steel and aluminium in 2018 under Trump.
Is she up to the job? I'm told yes. If anyone can do it, Rosemary Banks is the person you want up there.
I'm told she has excellent contacts in the Republican Party and is working the phones hard.
She was asked to stay on by Winston Peters back in May, in anticipation Trump might get in.
She's the same ambassador who was in charge when we nearly got an FTA during Trump's first term.
Of course, it's not all on her. Winston and Todd McClay and Luxon will play their parts too. But the ground game is on Rosemary.
We may have some advantage here in that we export food, and food is something Trump probably doesn't want to make more expensive.
Then there's the uncertainty of whether Trump will actually make good on his campaign big talk.
Rosemary's not waiting round for that certainty, they have a plan and by God it better be a good one.
We like to hate on diplomats - oh they just go to nice dinners, drink wine and shmooze. Well, it's time to crack out our best pinot, use the contacts and make the deals happen.
The weight of our export nation is on your shoulders.
Best of luck.

Ryan Bridge: The Kiwi trying to stop the Trump tariffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e1cb867c-1b7e-423d-880a-b221013420d5/transcript

Mark Storey: Dairy NZ Head of Economics on the improving conditions for the sector

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