Wednesday, 19 August 2020 09:34

Alliance distributes $5m to shareholders

Written by  Staff Reporters
Alliance Group chief executive, David Surveyor. Alliance Group chief executive, David Surveyor.

Red meat cooperative Alliance Group will be paying $5 million to some of its farmer shareholders.

The quarterly payments have been made to Alliance’s Platinum and Gold shareholders who supply 100% of their livestock to the company.

Farmers are paid an additional 10c/kg for each lamb, 6c/kg for a sheep, 8.5c/kg for cattle and 10c/kg for deer. The payments cover the period April-June 2020.

The latest distribution brings the total amount distributed to loyal shareholders for the 2019-20 season to $13 million.

Alliance Group chief executive, David Surveyor says the loyalty programme is an important part of the co-op’s strategy.

“Platinum and Gold shareholders receive a host of other benefits including priority processing, which is particularly important during challenging times such as droughts, and prioritised access to minimum price contracts. They can also take advantage of our free store stock facilitation service.

“Success for Alliance is processing our farmers’ livestock, keeping our people safe, preserving jobs and income, supporting our local communities and maximising prices in global markets.”

Meanwhile, farmers are being encouraged to register to attend Alliance Group’s 2020 Annual Roadshows over September and October. Twenty-three meetings will be held across the country, starting out in Omihi on 22 September and finishing in Cromwell on 20 October. 

More like this

Featured

All eyes on NZ milk supply

All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.

National

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter