Thursday, 07 February 2019 11:38

Alliance distributes $3.2 million to shareholders

Written by 
David Surveyor. David Surveyor.

Alliance Group has rewarded shareholders with a $3.2 million loyalty payment distribution.

The quarterly payments have been made to the farmer-owned red meat co-op’s Platinum and Gold shareholders who supply 100% of their livestock to the company.

Farmers are paid an additional 10 cents per kilogram for each lamb, six cents/kg for a sheep, 8.5 cents/kg for cattle and 10 cents/kg for deer.  The payments cover the period October-December 2018.

By committing all their livestock to the co-operative, Platinum and Gold shareholders also receive a range of other benefits including priority processing and free store stock facilitation.

David Surveyor, Alliance chief executive, said the loyalty payments reflect the value the co-operative places on consistent and committed supply.

“The interests of our farmers are at the heart of every decision we make,” he says.

Alliance’s focus is on creating prosperity for farming families. Surveyor says profits are delivered back to farmers or re-invested into the cooperative “so we can continue to improve our performance and lift returns to our shareholders”. 

“We are investing in developing new markets and added value projects as part of our strategy to capture greater market value.”

» Connect with Rural News

More like this

Alliance pays out $15.2m

Alliance Group says it has paid farmer shareholders a further $1.67 million in loyalty payments.

Making it OK to ask for help

Meat processing company Alliance has started an employee support programme aimed at getting colleagues to look after each other and keep an eye out for possible mental health issues.

Alliance back in the black

Co-operative meat processor the Alliance Group will be returning profit back to its farmer shareholders this year.

Claims of trouble at Alliance

Big staff rumblings, safety issues and the likelihood of yet another poor result are claimed to be unfolding at the Alliance Group.

No issues for us

Alliance Group chairman Murray Taggart is somewhat perplexed by recent claims and denies the co-op has problems with staff turnover, plant safety or profitability.

» The RNG Weather Report

Featured

 

World’s worst weed on the prowl

With warmer weather bringing on forage maize crops in leaps and bounds, Waikato Regional Council is reminding farmers and growers to keep watch for velvetleaf.

» Connect with Rural News

» Connect with Rural News

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Useless

The Hound notes that one of the country’s poorest financially performing state-owned enterprises – the Government farming entity Landcorp (or…

Rural revolt

Your old mate hears that the antics of the Government – especially the NZ First component – are fuelling motivation…

» Connect with Rural News