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Red meat farmers have approved a rise in the pool for directors fees.
Red meat farmers have narrowly approved a 4% rise in the total pool for Beef + Lamb NZ director fees.
After rejecting a proposal for a pay rise last year, 50.6% of B+LNZ levy paying farmers backed the pay rise today at the organisation’s annual meeting in Rotorua.
This year, the Director Independent Remuneration Committee (DIRC) recommended a 6% rise in the total pool for director fees - from $401,500 to $424,000. This would have raised the chair's fees by 18% to $90,000, a 3% rise in director fee to $39,250 and no change to the discretionary spend pool. However, the B+LNZ board asked farmers to approve a 4% rise to the total pool - to $417,500. This represents a fee increase for the chair to $83,320 and for each director to $39,250.
The second resolution on the appointment of the auditor was supported, with 96.83% in favour.
The voter turnout represented 7.43% of registered sheep, beef and dairy farmers. While this is low, it is not unprecedented and it roughly aligns other industry groups’ processes, says B+LNZ.
Around 70 people attended the annual meeting, held as part of the Out the Gate farmer event in Rotorua. The Out the Gate event has attracted about 300 participants.
This is the third in a series of articles from Beef + Lamb New Zealand's Informing New Zealand Beef programme. The seven-year INZB partnership, supported by Beef+Lamb New Zealand and the Ministry for Primary Industries' Sustainable Food and Fibre Futures fund, aims to boost the sector's profits by $460m.
Farmers are welcoming the Government’s revised science-based biogenic methane targets for 2050.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Planning, feeding, a robust animal health programme and the right genetics are the critical factors in a successful heifer mating programme.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.
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