Thursday, 02 May 2019 10:12

$5.7m loyalty payments to top shareholders

Written by 
Alliance chief executive David Surveyor. Alliance chief executive David Surveyor.

Meat co-op Alliance Group has distributed $5.7 million in loyalty payments to key shareholders.

The quarterly payments have been made to the co-op’s Platinum and Gold shareholders who supply 100% per cent 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 January-March 2019.

David Surveyor, Alliance chief executive says its loyal shareholders are, and always have been, the backbone of the cooperative.

“Our co-operative principles state our farmer shareholders are at the heart of every decision we make and we reward them for their committed and consistent livestock supply.

“Alliance is focused on creating prosperity for farming families. That’s why every dollar we make is either delivered back to farmers or re-invested into the cooperative so we can continue to improve our performance and lift returns to shareholders.

“We are working  to create a stronger cooperative as we continue our transition to become a world-class food and solutions business.”

Alliance Platinum and Gold shareholders are being encouraged to apply to attend Alliance’s inaugural Know your co-operative seminar in July.

The seminar will include presentations on a range of areas from members of Alliance’s executive leadership team and the board.

“This is an opportunity for some shareholders to gain a more in-depth understanding of Alliance,” says Surveyor.

“We hope those who attend will feel better informed about the cooperative and be able to share their knowledge with other farmers.”

The seminar from 3rd-5th July in Christchurch will be limited to a maximum of 10 people.

Applications must be emailed to Alliance Company Secretary Danny Hailes at This email address is being protected from spambots. You need JavaScript enabled to view it. by 12 noon, 15 May .

More like this

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.

Co-op boosts chilled exports to China

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

Alliance Group re-set delivering results

Alliance Group has turned a corner on a challenging two years following a comprehensive re-set over the past 18 months and is forecasting a return to profitability, farmer-shareholders were told at the company’s annual meeting in Gore today.

Featured

Miraka CEO quits

Māori-owned milk processor Miraka is looking for a new chief executive following the resignation of Karl Gradon last week.

Red meat rebound

The red meat sector is poised for a strong rebound this season, with export receipts forecast to top $10 billion and farm profitability to almost double.

National

Bremworth board upheaval

Listed carpet maker Bremworth has been rocked by a call from some shareholders for a board revamp.

Let the games begin!

New Zealand's largest celebration of rural sports athletes and enthusiasts – New Zealand Rural Games - is back for its…

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…

Machinery & Products

AGCO and SDF join hands

Tractor and machinery manufacturer AGCO has signed a supply agreement with the European-based SDF Group, best known for its SAME,…

» Latest Print Issues Online

The Hound

Chicken Little

OPINION: If you're one of the few still reading the NZ Herald, you'd have seen Chicken Little academics screaming that…

Sacrificed?

OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter