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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.”
Alliance Group and the Southland Stags rugby team have joined forces in a partnership that will see the the meat co-operative's farmgate brand feature on players' team kits and replica jerseys.
Alliance Group chief executive Willie Wiese is leaving the company after three years in the role.
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Alliance and Dawn Meats have completed their new strategic partnership.
After two years, Alliance Group has returned to profit.
The subdivision and sale of the Rangiora's Coldstream Estate in 1921 was advantageous for not one, but four Cantebury families - but one in particular has become synonymous with outstanding Holstein Friesian cattle.
The Beef + Lamb New Zealand (B+LNZ) annual meeting held in Timaru today saw directors' fees raised and the appointment of KPMG as an auditor for the levy body.
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