Monday, 30 April 2018 10:57

Loyal farmers get $5.9 million

Written by Rural News Group

font size decrease font size increase font size
Print
Email

David Surveyor.

Meat processor Alliance Group is rewarding committed shareholders with $5.9 million in loyalty payments.

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

The company says today’s loyalty payments are for the period January-March 2018 and brings the total amount distributed to loyal shareholders for the season to date to $9.8m, an increase of 4.7% compared to the same period of the 2016/17 season.

Farmers supplying 100% of their lambs are paid an additional 10c/kg for each lamb, 6 cents/kg for sheep, 8.5 cents/kg for cattle and 10 cents/kg for deer.

David Surveyor, Alliance Group chief executive says the company is 100% owned by farmer shareholders.

“We’re committed to offering a range of benefits above the price on the day including loyalty payments and yield contracts. We also provide other benefits such as priority processing and store stock facilitation.

“Our Loyalty Payments programme is a major part of our strategy to reward our loyal suppliers for their consistent and committed supply.

“Every cent Alliance Group makes in profits is delivered back to farmers or re-invested into the business to continue to improve our operational efficiency and ultimately lift returns to our farmer shareholders.”

Alliance Group distributed more than $15 million in loyalty payments over the 2016-17 season.

More like this

Alliance announces capital raise roadshow

Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.

RaboResearch sees positives in Alliance–Dawn Meats deal

RaboResearch, the research arm of specialist agriculture industry banker Rabobank, sees positives for the Alliance Group in its proposed majority-stake sale to Ireland's Dawn Meats.

'Grand Alliance' growing grass-fed beef exports to China

Alliance Group and Grand Farm have signed a strategic co-operation agreement with a focus on delivering more premium New Zealand grass-fed beef to Chinese consumers.

Chilled cow cuts enter China

Alliance Group has secured greater access for chilled beef exports into China following approval of its Levin and Mataura plants to supply that market. With its first load of beef from Levin clearing Chinese customs in early January and a shipment from Mataura recently arriving in China, journalist Leo Argent talked to Alliance general manager safety and processing Wayne Shaw.

Alliance secures chilled beef boost in China

Alliance Group says it has secured greater access for chilled beef exports to China, following the approval for two of its processing plants to supply the market.

Featured

NZ household food waste falls again

Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.

Editorial: No joking matter

OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.

DairyNZ plantain trials cut nitrate leaching by 26%

DairyNZ says its plantain programme continues to deliver promising results, with new data confirming that modest levels of plantain in pastures reduce nitrogen leaching, offering farmers a practical, science-backed tool to meet environmental goals.