NZ red meat sector hits out at US tariff hike
New Zealand's red meat sector says the United States' decision to increase tariffs on New Zealand exports is disappointing.
Red meat farmers have narrowly approved a 4% rise in the total pool for Beef + Lamb NZ director fees.
After rejecting a proposal for a pay rise last year, 50.6% of B+LNZ levy paying farmers backed the pay rise today at the organisation’s annual meeting in Rotorua.
This year, the Director Independent Remuneration Committee (DIRC) recommended a 6% rise in the total pool for director fees - from $401,500 to $424,000. This would have raised the chair's fees by 18% to $90,000, a 3% rise in director fee to $39,250 and no change to the discretionary spend pool. However, the B+LNZ board asked farmers to approve a 4% rise to the total pool - to $417,500. This represents a fee increase for the chair to $83,320 and for each director to $39,250.
The second resolution on the appointment of the auditor was supported, with 96.83% in favour.
The voter turnout represented 7.43% of registered sheep, beef and dairy farmers. While this is low, it is not unprecedented and it roughly aligns other industry groups’ processes, says B+LNZ.
Around 70 people attended the annual meeting, held as part of the Out the Gate farmer event in Rotorua. The Out the Gate event has attracted about 300 participants.
Fresh produce grower and exporter T&G Global has overturned last year’s dismal performance by reporting a half year net profit of $1.7 million.
One of New Zealand’s largest fertiliser plants could be forced to shut down for four months as uncertainty looms over gas supply.
Federated Farmers North Canterbury president Bex Green says two public meetings held this week should have made it loud and clear that rural families and businesses are concerned about proposed staffing changes at NZ Police.
The Environmental Protection Authority (EPA) is consulting on a proposal to ban weedkillers containing chlorthal-dimethyl (DCPA).
August 6 marks Farm Worker Appreciation Day, a moment to recognise the dedication and hard mahi of dairy farm workers across Aotearoa - and DairyNZ is taking the opportunity to celebrate the skilled teams working on its two research farms.
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