Tuesday, 19 March 2024 20:13

B+LNZ board fees hike rejected by farmers

Written by  Sudesh Kissun
Beef + Lamb New Zealand chair Kate Acland. Beef + Lamb New Zealand chair Kate Acland.

Red meat farmers have dealt a major blow to their umbrella farmer body, Beef + Lamb New Zealand - rejecting an increase in directors’ fees.

Results from B+LNZ’s annual meeting in Nelson today shows that almost 66% of farmers who voted, opposed the fee increase. Voter turnout was around 12%.

The board had asked farmers to boost the fee of chair Kate Acland to $90,000 from $76,220. Each director would have received $45,000 from this year (currently $38,110). The pool available for additional director duties was to increase to $25,000 from $20,000. The pool is currently used to recognise additional duties as a chair of board committees and is intended for those directors who sit on our representative organisations’ advisory groups on behalf of B+LNZ and who are not remunerated in these roles.

Farmer support was required for the proposal to proceed, so the fees will not be increased this year.

Acland says the board respects the result.

 “We recognise it’s extremely tough on farm at the moment and believe this has been reflected in the voting outcome,” Acland says.

“However, the fact remains that B+LNZ’s director fees are well below industry benchmarks. While the result shows there are some farmers who would be comfortable with this being addressed now, that’s not the case for the majority so we’ll pick this up again when the time is right.”

A second resolution put forward by the on the appointment of the auditor was supported by farmers.

More like this

McIvor moving to OSPRI

Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.

Funding boost for red meat

Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).

RMA amendments 'will be a relief to farmers'

The Government’s announcement that a Bill to amend the Resource Management Act (RMA) could be introduced in Parliament next month will be a relief to farmers, says Beef + Lamb New Zealand (B+LNZ).

Not so bad!

OPINION: Your old mate is still somewhat gobsmacked by sheer stupidity and lack of understanding by Beef+Lamb NZ’s board in asking for a pay rise at this year’s annual meeting.



UAE FTA welcome news

The dairy and red meat sectors have welcomed news that New Zealand will begin formal negotiations for a free trade…

Flock House and its secrets

Plans are in place to celebrate the 100th anniversary of the legendary Flock House opening its doors for the first…

$160 billion cargo shipment deal

New Zealand’s major primary industry exporters have secured shipping capability to export $160 billion worth of products over the next…

Machinery & Products

More horsepower for Puma

Case IH's introduction of AFS Connect, an option for its high horsepower tractor ranges, has now been rolled out across…

EU tractor sales hit the brakes

According to numbers sourced from national authorities, 151,800 tractors were registered across Europe in 2023, of which 26,200 tractors (17%)…

GPS in control

In a move that will make harvesting operations easier, particularly in odd-shaped paddocks, Kuhn has announced that GPS section control…

» Latest Print Issues Online

The Hound

True colours

OPINION: The watermelon party (AKA the Greens) try to portray themselves as an upright, self-righteous, caring bunch of woke, bicycle-riding…

Peace at last?

OPINION: Good news for hunters as Forest & Bird have "paused" legal action against the Fiordland Wapiti Foundation and agreed…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter