Thursday, 07 February 2019 11:38

Alliance distributes $3.2 million to shareholders

Written by 
David Surveyor. David Surveyor.

Alliance Group has rewarded shareholders with a $3.2 million loyalty payment distribution.

The quarterly payments have been made to the farmer-owned red meat co-op’s Platinum and Gold shareholders who supply 100% of their livestock to the company.

Farmers are paid an additional 10 cents per kilogram for each lamb, six cents/kg for a sheep, 8.5 cents/kg for cattle and 10 cents/kg for deer.  The payments cover the period October-December 2018.

By committing all their livestock to the co-operative, Platinum and Gold shareholders also receive a range of other benefits including priority processing and free store stock facilitation.

David Surveyor, Alliance chief executive, said the loyalty payments reflect the value the co-operative places on consistent and committed supply.

“The interests of our farmers are at the heart of every decision we make,” he says.

Alliance’s focus is on creating prosperity for farming families. Surveyor says profits are delivered back to farmers or re-invested into the cooperative “so we can continue to improve our performance and lift returns to our shareholders”. 

“We are investing in developing new markets and added value projects as part of our strategy to capture greater market value.”

 

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Meat company creates 35 regional jobs

Meat processor, Alliance Group is investing another $1.4 million in improvements to its Dannevirke plant as it seeks greater efficiencies in processing.

Value of co-op highlighted in challenging year

Extreme dry conditions and the resulting erratic stock flows over the past year underline the value of a cooperative, Alliance farmer shareholders heard at their annual meeting this month.

 
 

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