Alliance announces capital raise roadshow
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
Meat co-op Alliance Group has distributed $1.73 million to shareholders in loyalty payments.
Alliance’s platinum and gold shareholders, who supply 100% of their stock to the cooperative, have received the quarterly payments, which cover the period July-September 2018.
It brings the total amount distributed to loyal shareholders for the 2017-18 season to $16.77 million, an increase of 9.3% compared to the 2016-17 season.
Farmers supplying 100% of their lambs are paid an additional 10c/kg for each lamb, 6c/kg for sheep, 8.5c/kg for cattle and 10c/kg for deer.
Alliance chief executive David Surveyor says the loyalty payments reflect how serious the co-op is about rewarding consistent and committed supply.
“As New Zealand’s only 100% farmer-owned major red meat cooperative, farmers are at the heart of every decision we make. We’re committed to delivering our profits back to farmers or re-investing them into the business so we can deliver greater returns.
“Our farmers receive a range of other benefits above the price on the day including through our yield mechanism, priority processing and free store stock facilitation.”
The $1.73m was distributed in shareholders’ bank accounts on Wednesday.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
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Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
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.
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