increase font size
Alliance chief executive David Surveyor.
Meat co-op Alliance Group has distributed $1.73 million to shareholders in loyalty payments.
Alliance’s platinum and gold shareholders, who supply 100% of their stock to the cooperative, have received the quarterly payments, which cover the period July-September 2018.
It brings the total amount distributed to loyal shareholders for the 2017-18 season to $16.77 million, an increase of 9.3% compared to the 2016-17 season.
Farmers supplying 100% of their lambs are paid an additional 10c/kg for each lamb, 6c/kg for sheep, 8.5c/kg for cattle and 10c/kg for deer.
Alliance chief executive David Surveyor says the loyalty payments reflect how serious the co-op is about rewarding consistent and committed supply.
“As New Zealand’s only 100% farmer-owned major red meat cooperative, farmers are at the heart of every decision we make. We’re committed to delivering our profits back to farmers or re-investing them into the business so we can deliver greater returns.
“Our farmers receive a range of other benefits above the price on the day including through our yield mechanism, priority processing and free store stock facilitation.”
The $1.73m was distributed in shareholders’ bank accounts on Wednesday.
Alliance Group chair Murray Taggart is looking forward to spending more time on farm as he steps down after a total of about 18 years on the meat co-operative's board, including the last 10 years as chairman. Nigel Malthus reports...
Meat processor and exporter Silver Fern Farms Ltd has joined fellow South Island-based meat company Alliance Group in reporting a big loss for the past year.
Meat co-operative Alliance Group has bagged four gold medals at the Outstanding NZ Food Producer Awards, achieving top honours for every cut entered.
Alliance Group says following delayed livestock flows - due to ideal growing conditions in both the North Island and the southern South Island - sheep and beef processing numbers are starting to crank up in the move to autumn.
Former Ballance chief executive Mark Wynne is the new chairman for meat co-operative Alliance Group.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
