Farm Debt Mediation Bill - First Reading - Video 8

and aim sure that the select
committee

and aim sure that the select

and aim sure that the select

committee will give it thorough
examination.

committee will give it thorough
examination. Thank

committee will give it thorough
examination. Thank you.

committee will give it thorough
examination. Thank you.

committee will give it thorough
examination. Thank you. Stuart

examination. Thank you. Stuart
Smith. Kia

examination. Thank you. Stuart
Smith. Kia

examination. Thank you. Stuart
Smith. Kia ora

examination. Thank you. Stuart
Smith. Kia ora to

examination. Thank you. Stuart
Smith. Kia ora to

examination. Thank you. Stuart
Smith. Kia ora to the last speaker,

examination. Thank you. Stuart
Smith. Kia ora to the last speaker,

Smith. Kia ora to the last speaker,
who

Smith. Kia ora to the last speaker,
who made excellent points in

Smith. Kia ora to the last speaker,
who made excellent points in

who made excellent points in his
very good

who made excellent points in his
very good

who made excellent points in his
very good speech. I

who made excellent points in his
very good speech. I

very good speech. I think he's quite
right. I

very good speech. I think he's quite
right. I

very good speech. I think he's quite
right. I think the scope of

very good speech. I think he's quite
right. I think the scope of

very good speech. I think he's quite
right. I think the scope of the bill

very good speech. I think he's quite
right. I think the scope of the bill

right. I think the scope of the bill
as it stands at the

right. I think the scope of the bill
as it stands at the

right. I think the scope of the bill
as it stands at the moment

right. I think the scope of the bill
as it stands at the moment does

as it stands at the moment does
cover other industries, like

as it stands at the moment does
cover other industries, like

cover other industries, like
forestry. I

cover other industries, like
forestry. I

cover other industries, like
forestry. I thought he

cover other industries, like
forestry. I thought he

cover other industries, like
forestry. I thought he did say aqua

cover other industries, like
forestry. I thought he did say aqua

forestry. I thought he did say aqua
culture

forestry. I thought he did say aqua
culture but

forestry. I thought he did say aqua
culture but I stand to be

forestry. I thought he did say aqua
culture but I stand to be corrected.

culture but I stand to be corrected.
It

culture but I stand to be corrected.
It

culture but I stand to be corrected.
It was covering fishing.

culture but I stand to be corrected.
It was covering fishing.

culture but I stand to be corrected.
It was covering fishing. We

It was covering fishing. We are
supporting the

It was covering fishing. We are
supporting the

supporting the bill to this select
committee.

supporting the bill to this select
committee.

supporting the bill to this select
committee. I think

supporting the bill to this select
committee. I think that's

committee. I think that's a great
place. A

committee. I think that's a great
place. A

committee. I think that's a great
place. A point's been made,

committee. I think that's a great
place. A point's been made,

committee. I think that's a great
place. A point's been made, not only

committee. I think that's a great
place. A point's been made, not only

place. A point's been made, not only
by

place. A point's been made, not only
by the previous speaker, but

place. A point's been made, not only
by the previous speaker, but

place. A point's been made, not only
by the previous speaker, but also

by the previous speaker, but also
the Hon

by the previous speaker, but also
the Hon

by the previous speaker, but also
the Hon Gerry Brownlee earlier

by the previous speaker, but also
the Hon Gerry Brownlee earlier

by the previous speaker, but also
the Hon Gerry Brownlee earlier on

the Hon Gerry Brownlee earlier on in
this debate.

the Hon Gerry Brownlee earlier on in
this debate. I

the Hon Gerry Brownlee earlier on in
this debate. I do

the Hon Gerry Brownlee earlier on in
this debate. I do

the Hon Gerry Brownlee earlier on in
this debate. I do question why it's

the Hon Gerry Brownlee earlier on in
this debate. I do question why it's

this debate. I do question why it's
been

this debate. I do question why it's
been sent to

this debate. I do question why it's
been sent to the

been sent to the economic
development and science and

been sent to the economic
development and science and

development and science and
innovation select committee, when

development and science and
innovation select committee, when

development and science and
innovation select committee, when in

innovation select committee, when in
my own

innovation select committee, when in
my own

innovation select committee, when in
my own personal view it

innovation select committee, when in
my own personal view it would

my own personal view it would have
been better suited

my own personal view it would have
been better suited

been better suited in the Primary
Production

been better suited in the Primary
Production

been better suited in the Primary
Production select

been better suited in the Primary
Production select committee,

Production select committee, or
perhaps the Finance

Production select committee, or
perhaps the Finance and

perhaps the Finance and Expenditure
select committee, but, however,

perhaps the Finance and Expenditure
select committee, but, however,

select committee, but, however,
that's

select committee, but, however,
that's probably

select committee, but, however,
that's probably

select committee, but, however,
that's probably a minor

select committee, but, however,
that's probably a minor

select committee, but, however,
that's probably a minor issue. The

that's probably a minor issue. The
point's

that's probably a minor issue. The
point's been

that's probably a minor issue. The
point's been

that's probably a minor issue. The
point's been made a

that's probably a minor issue. The
point's been made a

that's probably a minor issue. The
point's been made a lot about the

point's been made a lot about the
size

point's been made a lot about the
size of act cultural

point's been made a lot about the
size of act cultural

point's been made a lot about the
size of act cultural debt or

point's been made a lot about the
size of act cultural debt or

size of act cultural debt or the
quantum offing a

size of act cultural debt or the
quantum offing a

size of act cultural debt or the
quantum offing a cull material debt.

quantum offing a cull material debt.
Mark

quantum offing a cull material debt.
Mark Patterson

quantum offing a cull material debt.
Mark Patterson made

quantum offing a cull material debt.
Mark Patterson made the point that

quantum offing a cull material debt.
Mark Patterson made the point that

Mark Patterson made the point that
debt has

Mark Patterson made the point that
debt has

Mark Patterson made the point that

Mark Patterson made the point that

number. I think it is very difficult
for

number. I think it is very difficult
for anyone to imagine how

number. I think it is very difficult
for anyone to imagine how

for anyone to imagine how much money
that is.

for anyone to imagine how much money
that is. My

for anyone to imagine how much money

for anyone to imagine how much money

the largest part of the debt is held
by

the largest part of the debt is held
by a

the largest part of the debt is held
by a

the largest part of the debt is held
by a few rather than

the largest part of the debt is held
by a few rather than

by a few rather than it being evenly
spread

by a few rather than it being evenly
spread

by a few rather than it being evenly
spread across the industry.

by a few rather than it being evenly
spread across the industry. That

spread across the industry. That
speaks to the

spread across the industry. That
speaks to the

spread across the industry. That
speaks to the fact that

spread across the industry. That
speaks to the fact that

spread across the industry. That
speaks to the fact that some of

spread across the industry. That
speaks to the fact that some of

speaks to the fact that some of the
dairy

speaks to the fact that some of the
dairy

speaks to the fact that some of the
dairy industry

speaks to the fact that some of the
dairy industry have gone in

speaks to the fact that some of the
dairy industry have gone in

speaks to the fact that some of the
dairy industry have gone in quite a

speaks to the fact that some of the
dairy industry have gone in quite a

dairy industry have gone in quite a
sort of corporate

dairy industry have gone in quite a
sort of corporate

sort of corporate approach to
dairying and

sort of corporate approach to
dairying and gone

sort of corporate approach to
dairying and gone large. I think

sort of corporate approach to
dairying and gone large. I think

dairying and gone large. I think one
of

dairying and gone large. I think one
of

dairying and gone large. I think one
of the things we

dairying and gone large. I think one
of the things we also

of the things we also have to
remember

of the things we also have to
remember

of the things we also have to
remember is that it's not

of the things we also have to
remember is that it's not

of the things we also have to
remember is that it's not just

remember is that it's not just
people

remember is that it's not just
people

remember is that it's not just
people that fuel

remember is that it's not just
people that fuel growth

remember is that it's not just
people that fuel growth and

remember is that it's not just
people that fuel growth and

people that fuel growth and drive
innovation in

people that fuel growth and drive
innovation in

people that fuel growth and drive
innovation in any sector,

people that fuel growth and drive
innovation in any sector,

innovation in any sector, in
particular the

innovation in any sector, in
particular the

innovation in any sector, in
particular the agriculture sent

innovation in any sector, in
particular the agriculture sent

particular the agriculture sent tore

particular the agriculture sent tore

particular the agriculture sent tore

particular the agriculture sent tore

particular the agriculture sent tore

risking their capital. In order to
maximise

risking their capital. In order to
maximise their benefit,

risking their capital. In order to
maximise their benefit, they

risking their capital. In order to
maximise their benefit, they borrow

risking their capital. In order to
maximise their benefit, they borrow

maximise their benefit, they borrow
money against it, thereby

maximise their benefit, they borrow
money against it, thereby

maximise their benefit, they borrow
money against it, thereby leveraging

money against it, thereby leveraging
their own equity. I think

money against it, thereby leveraging
their own equity. I think

has driven, as the Hon Gerry
Brownlee

has driven, as the Hon Gerry
Brownlee said on any patch,

has driven, as the Hon Gerry
Brownlee said on any patch,

Brownlee said on any patch, a
change,

Brownlee said on any patch, a
change,

Brownlee said on any patch, a
change, a massive

Brownlee said on any patch, a
change, a massive

Brownlee said on any patch, a
change, a massive change from what

Brownlee said on any patch, a
change, a massive change from what

change, a massive change from what
was dry land,

change, a massive change from what
was dry land,

change, a massive change from what
was dry land, cheap

change, a massive change from what
was dry land, cheap farming,

change, a massive change from what
was dry land, cheap farming, to

change, a massive change from what
was dry land, cheap farming, to

change, a massive change from what
was dry land, cheap farming, to very

was dry land, cheap farming, to very
highly

was dry land, cheap farming, to very
highly

was dry land, cheap farming, to very
highly profitable

highly profitable vineyard
operation,

highly profitable vineyard
operation,

highly profitable vineyard
operation, which has created

highly profitable vineyard
operation, which has created a

operation, which has created a huge
boon to

operation, which has created a huge
boon to

operation, which has created a huge
boon to the economy,

operation, which has created a huge
boon to the economy,

operation, which has created a huge
boon to the economy, not just

operation, which has created a huge
boon to the economy, not just

operation, which has created a huge
boon to the economy, not just to

boon to the economy, not just to the
farmers

boon to the economy, not just to the
farmers

boon to the economy, not just to the
farmers who became grape

boon to the economy, not just to the
farmers who became grape

farmers who became grape growers,
but also

farmers who became grape growers,
but also to

farmers who became grape growers,
but also to the

farmers who became grape growers,
but also to the

farmers who became grape growers,
but also to the people living

farmers who became grape growers,
but also to the people living

farmers who became grape growers,
but also to the people living in

but also to the people living in

but also to the people living in

but also to the people living in

surrounding areas. The population
has

surrounding areas. The population
has

surrounding areas. The population
has grown

surrounding areas. The population
has grown to supply the

surrounding areas. The population
has grown to supply the

has grown to supply the people to
work

has grown to supply the people to
work

has grown to supply the people to
work in that

has grown to supply the people to
work in that

has grown to supply the people to

working in the vineyards. We have
people

working in the vineyards. We have
people

people working in laboratories,
winemakers,

people working in laboratories,
winemakers, all

winemakers, all of those associated
industries that

winemakers, all of those associated
industries that

winemakers, all of those associated
industries that go around that.

winemakers, all of those associated
industries that go around that. And

industries that go around that. And
it's not unique

industries that go around that. And
it's not unique

industries that go around that. And
it's not unique to the wine

industries that go around that. And
it's not unique to the wine

it's not unique to the wine
industry. We've

it's not unique to the wine
industry. We've

it's not unique to the wine
industry. We've seen that

it's not unique to the wine
industry. We've seen that

industry. We've seen that replicated
with kiwifruit,

industry. We've seen that replicated
with kiwifruit,

industry. We've seen that replicated
with kiwifruit, with

with kiwifruit, with the apple
industry, and also

with kiwifruit, with the apple
industry, and also

with kiwifruit, with the apple
industry, and also the hop industry,

with kiwifruit, with the apple
industry, and also the hop industry,

industry, and also the hop industry,
which all of those

industry, and also the hop industry,
which all of those

industry, and also the hop industry,
which all of those industries

which all of those industries are
growing

which all of those industries are
growing

which all of those industries are
growing and

which all of those industries are
growing and that

which all of those industries are
growing and that is

which all of those industries are
growing and that is

growing and that is fuelled by debt.
Mycoplasma

growing and that is fuelled by debt.
Mycoplasma

growing and that is fuelled by debt.
Mycoplasma bovis is

growing and that is fuelled by debt.
Mycoplasma bovis is

growing and that is fuelled by debt.
Mycoplasma bovis is top of mind at

growing and that is fuelled by debt.
Mycoplasma bovis is top of mind at

Mycoplasma bovis is top of mind at
the moment for most

Mycoplasma bovis is top of mind at
the moment for most

Mycoplasma bovis is top of mind at
the moment for most of us. We do

Mycoplasma bovis is top of mind at
the moment for most of us. We do

the moment for most of us. We do
fell for the

the moment for most of us. We do
fell for the farmers

the moment for most of us. We do

the moment for most of us. We do

the moment for most of us. We do

for the farmers affected by that.
This

for the farmers affected by that.
This bill will send a

for the farmers affected by that.
This bill will send a

for the farmers affected by that.
This bill will send a bit of a

for the farmers affected by that.
This bill will send a bit of a

This bill will send a bit of a
message to those in the

This bill will send a bit of a
message to those in the

message to those in the banking
sector that

message to those in the banking
sector that

message to those in the banking
sector that we are

message to those in the banking
sector that we are

message to those in the banking
sector that we are watching them,

message to those in the banking
sector that we are watching them,

sector that we are watching them,
and that they need

sector that we are watching them,
and that they need

sector that we are watching them,
and that they need to back up

sector that we are watching them,
and that they need to back up

and that they need to back up their
clients. I

and that they need to back up their
clients. I

and that they need to back up their
clients. I do share

and that they need to back up their
clients. I do share the

and that they need to back up their
clients. I do share the concerns

and that they need to back up their
clients. I do share the concerns

and that they need to back up their
clients. I do share the concerns of

clients. I do share the concerns of
the Hon Gerry

clients. I do share the concerns of
the Hon Gerry

clients. I do share the concerns of
the Hon Gerry Brownlee and Rino

clients. I do share the concerns of
the Hon Gerry Brownlee and Rino

the Hon Gerry Brownlee and Rino
Tirikatene around when

the Hon Gerry Brownlee and Rino
Tirikatene around when

Tirikatene around when the timing of
this.

Tirikatene around when the timing of
this.

Tirikatene around when the timing of
this. Obviously, these

Tirikatene around when the timing of
this. Obviously, these

Tirikatene around when the timing of
this. Obviously, these things

this. Obviously, these things can be
sorted

this. Obviously, these things can be
sorted

this. Obviously, these things can be
sorted out in the

this. Obviously, these things can be
sorted out in the

sorted out in the select committee,
but in

sorted out in the select committee,
but in

sorted out in the select committee,
but in my own

sorted out in the select committee,
but in my own

sorted out in the select committee,
but in my own experience of

sorted out in the select committee,
but in my own experience of

sorted out in the select committee,
but in my own experience of dealing

but in my own experience of dealing
with the downturn in the

but in my own experience of dealing
with the downturn in the

with the downturn in the wine
industry

with the downturn in the wine
industry and

with the downturn in the wine
industry and with people in

with the downturn in the wine
industry and with people in

industry and with people in trouble
but

industry and with people in trouble
with the banks,

industry and with people in trouble
with the banks, that

industry and with people in trouble
with the banks, that if

industry and with people in trouble
with the banks, that if you wait

industry and with people in trouble
with the banks, that if you wait

with the banks, that if you wait
until this

with the banks, that if you wait
until this

with the banks, that if you wait
until this stage

with the banks, that if you wait
until this stage where

with the banks, that if you wait
until this stage where

until this stage where the banks
rarely get

until this stage where the banks
rarely get

until this stage where the banks
rarely get anxious and bring

until this stage where the banks
rarely get anxious and bring

rarely get anxious and bring in a
mediator at that

rarely get anxious and bring in a
mediator at that

rarely get anxious and bring in a
mediator at that stage,

rarely get anxious and bring in a
mediator at that stage, you're

mediator at that stage, you're only
delaying

mediator at that stage, you're only
delaying the

mediator at that stage, you're only
delaying the day when they are

mediator at that stage, you're only
delaying the day when they are

delaying the day when they are going
to have to

delaying the day when they are going
to have to probably

delaying the day when they are going
to have to probably leave anyway. It

delaying the day when they are going
to have to probably leave anyway. It

to have to probably leave anyway. It
is better

to have to probably leave anyway. It
is better

to have to probably leave anyway. It
is better to get in earlier.

to have to probably leave anyway. It
is better to get in earlier.

is better to get in earlier. How you
structure that

is better to get in earlier. How you
structure that

is better to get in earlier. How you
structure that in a bill,

is better to get in earlier. How you
structure that in a bill,

is better to get in earlier. How you
structure that in a bill, I don't

is better to get in earlier. How you
structure that in a bill, I don't

structure that in a bill, I don't
have

structure that in a bill, I don't
have the answer to

structure that in a bill, I don't
have the answer to

structure that in a bill, I don't
have the answer to that. But I would

structure that in a bill, I don't
have the answer to that. But I would

have the answer to that. But I would
hope that the select

have the answer to that. But I would
hope that the select committee

hope that the select committee are
structure

hope that the select committee are
able to tease

able to tease that out.

able to tease that out.

Because getting that cooling off
period,

Because getting that cooling off
period,

Because getting that cooling off
period, which is

Because getting that cooling off
period, which is

Because getting that cooling off
period, which is in the bill,

Because getting that cooling off
period, which is in the bill,

period, which is in the bill, which
is great, and

period, which is in the bill, which
is great, and

period, which is in the bill, which
is great, and to have that

period, which is in the bill, which
is great, and to have that

is great, and to have that mediation
where people can get

is great, and to have that mediation
where people can get

where people can get around the
table and sort out

where people can get around the
table and sort out

where people can get around the
table and sort out a plan to

where people can get around the
table and sort out a plan to

table and sort out a plan to move
forward really needs to

table and sort out a plan to move
forward really needs to

forward really needs to happen
before we're sorting out

forward really needs to happen
before we're sorting out

forward really needs to happen
before we're sorting out how to get

forward really needs to happen
before we're sorting out how to get

before we're sorting out how to get
in the life boat,

before we're sorting out how to get
in the life boat,

before we're sorting out how to get
in the life boat, because by then a

before we're sorting out how to get
in the life boat, because by then a

in the life boat, because by then a
cooling off

in the life boat, because by then a
cooling off

cooling off period is only
increasing

cooling off period is only
increasing

cooling off period is only
increasing or decreasing

cooling off period is only
increasing or decreasing

increasing or decreasing their
equity with every

increasing or decreasing their
equity with every hour

increasing or decreasing their
equity with every hour that goes

increasing or decreasing their
equity with every hour that goes

equity with every hour that goes on,
because

equity with every hour that goes on,
because of

equity with every hour that goes on,
because of the increase in

equity with every hour that goes on,
because of the increase in

because of the increase in interest
rates

because of the increase in interest
rates

because of the increase in interest
rates and the

because of the increase in interest
rates and the

rates and the interest bill that's
building

rates and the interest bill that's
building

rates and the interest bill that's
building up. The intent of the

rates and the interest bill that's
building up. The intent of the

building up. The intent of the bill
is

building up. The intent of the bill
is great.

building up. The intent of the bill
is great. I support it.

building up. The intent of the bill
is great. I support it. I

building up. The intent of the bill
is great. I support it. I think it's

building up. The intent of the bill
is great. I support it. I think it's

is great. I support it. I think it's
fantastic. I do

is great. I support it. I think it's
fantastic. I do

fantastic. I do question the select
committee that

fantastic. I do question the select
committee that

fantastic. I do question the select
committee that it's being sent

fantastic. I do question the select
committee that it's being sent

committee that it's being sent to.
However,

committee that it's being sent to.
However,

committee that it's being sent to.
However, I'm sure

committee that it's being sent to.
However, I'm sure

committee that it's being sent to.
However, I'm sure that the bill's

committee that it's being sent to.
However, I'm sure that the bill's

However, I'm sure that the bill's
promoter will

However, I'm sure that the bill's
promoter will

However, I'm sure that the bill's
promoter will ensure that there

However, I'm sure that the bill's
promoter will ensure that there

promoter will ensure that there is
really good

promoter will ensure that there is
really good support

promoter will ensure that there is
really good support round that

promoter will ensure that there is
really good support round that

really good support round that and
the

really good support round that and
the right

really good support round that and
the right questions get asked.

really good support round that and
the right questions get asked.

really good support round that and
the right questions get asked. I

the right questions get asked. I
really urge all the

the right questions get asked. I
really urge all the

really urge all the rest of the

really urge all the rest of the

really urge all the rest of the

really urge all the rest of the

ensure they get good submitters in
to

ensure they get good submitters in
to

ensure they get good submitters in
to highlight the areas that really

to highlight the areas that really
do

to highlight the areas that really
do need to be sorted

to highlight the areas that really
do need to be sorted

do need to be sorted out in the
bill.

do need to be sorted out in the
bill. So

do need to be sorted out in the
bill. So with that, I

do need to be sorted out in the
bill. So with that, I

do need to be sorted out in the
bill. So with that, I command it to

do need to be sorted out in the
bill. So with that, I command it to

bill. So with that, I command it to
the

bill. So with that, I command it to

bill. So with that, I command it to

House. Kieran McAnulty. Thank you
very

House. Kieran McAnulty. Thank you
very much. Great

House. Kieran McAnulty. Thank you
very much. Great

House. Kieran McAnulty. Thank you
very much. Great to see all parties

very much. Great to see all parties
in

very much. Great to see all parties
in this House

very much. Great to see all parties
in this House

very much. Great to see all parties
in this House have stood up

very much. Great to see all parties
in this House have stood up

in this House have stood up to speak
in favour

in this House have stood up to speak
in favour

in this House have stood up to speak
in favour of

in this House have stood up to speak
in favour of what is

in this House have stood up to speak
in favour of what is

in this House have stood up to speak
in favour of what is a

in this House have stood up to speak
in favour of what is a very

in this House have stood up to speak
in favour of what is a very

in favour of what is a very
important issue.

in favour of what is a very
important issue. The

in favour of what is a very
important issue. The issue of debt

in favour of what is a very
important issue. The issue of debt

important issue. The issue of debt
mediation when

important issue. The issue of debt
mediation when

important issue. The issue of debt
mediation when the

important issue. The issue of debt
mediation when the threat

important issue. The issue of debt
mediation when the threat of farms

important issue. The issue of debt
mediation when the threat of farms

mediation when the threat of farms
and

mediation when the threat of farms
and livelihoods and

mediation when the threat of farms
and livelihoods and

and livelihoods and families'
connections

and livelihoods and families'
connections

and livelihoods and families'
connections to