Alliance Group faces crucial vote on Dawn Meats deal
The future of the Alliance Group is “pretty dark” if the proposed Dawn Meats deal does not go through, says board chair Mark Wynne.
Alliance Group chair Murray Taggart is encouraging shareholders to vote in the co-op's upcoming directorship election.
Alliance Group is holding an election to fill two directorships next week.
Shareholders have been sent voting packs and votes must be received by postal or internet voting by 10.30am on Tuesday 15 December.
Four candidates have been nominated to fill the directorships.
The candidates are Stuart Campbell, Feilding, Russell Drummond, Winton, Pat McEvedy, Southbridge, and Dawn Sangster, Ranfurly.
“We know farmers are very busy at this time of the year, but the directors election is an opportunity for our shareholders to have input into who sits on our board,” said Murray Taggart, chairman of Alliance Group.
“We encourage all of our shareholders to take a few minutes to vote for the candidates they want to be their Alliance supplier representatives,” he said.
The election is being conducted using a ‘first past the post’ voting method.
The election result will be announced at Alliance’s annual meeting on 17 December 2020.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

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