Alliance Group returns to profit after two years with $93m turnaround
After two years, Alliance Group has returned to profit.
Former Ballance chief executive Mark Wynne is the new chairman for meat co-operative Alliance Group.
Wynne replaces Murray Taggart, who has been chair for the last 10 years and retires from the board next month. He resumes the chair role on April 12.
Alliance Group, New Zealand’s only 100% farmer-owned red meat co-operative, says board members unanimously voted to appoint Wynne as new chair.
“Murray Taggart has been clear this term is to be his last as a director,” says Wynne.
“The board wishes to thank Murray for his long service to the co-operative and the significant contribution he has made to ensuring that Alliance remains a strong farmer-owned co-operative. We wish him well for the future.
“Like all meat exporters, Alliance continues to face significant volatility because of geo-political tensions, inflationary pressures, high levels of inventory across all proteins in various markets, particularly lower-cost Australian sheepmeat, and weakening global markets.
“The board remains committed to the co-operative’s long-term strategy, and in particular, the changes made across the business in response to the tough trading environment. These changes have highlighted significant opportunities for improvement.
“The global markets continue to be challenging, however, the new season has started on a much more positive note. But there is more work to do.”
Taggart has had a long involvement in Alliance Group as a shareholder director and chairman.
“It’s been no secret that this was going to be my last term as Alliance chair,” says Taggart.
“The board has been working on a succession plan for a new chair and with new chief executive Willie Wiese in place, now is the appropriate time to pass the baton on.
“It’s been a privilege to lead New Zealand’s only 100% farmer-owned red meat co-operative. There is a great team at Alliance, and despite the current challenges, the co-operative has a strong future.
“The past year has been tough for farmers and the co-operative on the back of significant weakening of prices in our global markets and high costs behind the farm-gate. It’s now more important than ever that farmers back New Zealand’s only 100% farmer-owned red meat co-operative.
“I am confident the co-operative’s resilience and its ability to adapt in the face of adversity will ensure it will thrive for another 75 years.”
Wynne has extensive experience in agribusiness, including 20 years in the dairy industry. He stepped down Ballance chief executive in September 2023.
Replacing Taggart on the board is Sarah Brown, who becomes a board-appointed farmer director and will no longer be an appointed independent director.
New Zealand needs a new healthcare model to address rising rates of obesity in rural communities, with the current system leaving many patients unable to access effective treatment or long-term support, warn GPs.
Southland farmers are being urged to put safety first, following a spike in tip offs about risky handling of wind-damaged trees
Third-generation Ashburton dairy farmers TJ and Mark Stewart are no strangers to adapting and evolving.
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Thirty years ago, as a young sharemilker, former Waikato farmer Snow Chubb realised he was bucking a trend when he started planting trees to provide shade for his cows, but he knew the animals would appreciate what he was doing.

OPINION: Your old mate welcomes the proposed changes to local government but notes it drew responses that ranged from the reasonable…
OPINION: A press release from the oxygen thieves running the hot air symposium on climate change, known as COP30, grabbed your…