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Red meat farmers have approved a rise in the pool for directors fees.
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.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
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This is the second in a series of articles from Beef + Lamb New Zealand’s Informing New Zealand Beef programme.
Reecently Beef + Lamb New Zealand hosted a webinar giving farmers an update on findings from the Sheep Poo study, featuring Dr Cara Brosnahan and vet Ginny Dodunski. This study, which is entering its final year, is a key part of the Eliminating Facial Eczema Impacts (EFEI) programme and is helping build a clearer picture of how FE affects farms nationwide.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
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