Alliance announces capital raise roadshow
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
Farmer-owned cooperative Alliance Group says it has already returned $17 million of the $34.3 million it claimed from the Covid-19 wage subsidy.
Read: Alliance faces court over subsidy.
In a statement to Rural News, Alliance chairman Murray Taggart said the co-op had been “open and upfront” about the wage subsidy.
“We have been in ongoing discussions with the Ministry of Social Development about the application of the subsidy and stated from the outset that we would return any funds not used to pay people. In line with that commitment, we have returned $17 million of the subsidy.”
Taggart said the company’s application for the wage subsidy was supported and endorsed by the New Zealand Meat Workers Union.
“From the beginning, we have applied the subsidy to the right people in the right way,” he added.
Taggart said Alliance predominantly processes sheep and the nature of its processing means it was more severely affected by the Covid-19 operating restrictions than other companies.
“The support from the Government has meant we were able to maintain the employment of our people and ensure their earnings were not impacted during the Covid-19 lockdown,” he added.
“We were also able to continue paying those people with underlying health conditions or aged over 70 who were unable to work during the lockdown and those on stand-by to cover absenteeism.”
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
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