Wednesday, 11 August 2021 09:45

Another increase!

Written by  The Hound

OPINION: A mate of the Hound's was unimpressed when he recently received his voting papers for the annual meeting of rural insurer FMG.

He tells yours truly that he was flabbergasted by the gall of the FMG board who, tucked away in the papers, are asking for a huge pay increase for directors.

It is asking for a 17% increase in the chair's annual stipend, up from $100k a year to $117,000 and an extra 26% for each director, jumping from $50,000 to $63,000 a year!

It reminds your old mate of the failed attempt by Beef+Lamb NZ earlier this year to increase director fees, which went down like a cup of cold sick with levypayers.

What is it with these people and always having their hands out for more director fees?

Read the room for pity's sake!

More like this

Flag it!

OPINION: Agriculture and Trade Minister Damien O'Connor tried to keep his latest overseas jaunt secret squirrel.

Oh dear!

OPINION: This old mutt suggests that farmers' growing discontent with Beef+Lamb NZ's performance is going to reach fever peak after its latest stunt.

Woke and broke?

OPINION: Speaking of woke, Government-owned entities that love wasting public money and producing fluffy PR pieces, the Hound sees that Landcorp - known as Pāmu - has just released its 2021 annual report.

20 pieces of silver?

OPINION: Your old mate notes that MPI is now trying to buy favour with agricultural journalists for its 'Fit for a Better World' (FFBW) programme.

Birds causing carnage in rural NZ

Nesting birds are wreaking havoc when it comes to rural insurance, causing more than $4 million in claims over the last three years, says FMG.

National

Industry reacts to UK FTA

Primary industries stakeholders  are welcoming the new Free Trade Agreement (FTA) with the United Kingdom announced today.

Historic FTA deal struck

Comprehensive, inclusive and high quality and providing fantastic opportunities for our exporters.

Tatua smashes $10 barrier

Waikato milk processor Tatua says keeping products moving to overseas customers during the pandemic was one of the highlights of…

Machinery & Products

Robo planter on the way

German farm machinery manufacturer Horsch says it is at an advanced stage of developing its aptly named Robo autonomous planter.

Keeping everyone safe

As tractors get larger and front linkage kits become more common, many have started fitting underrun or collision protection systems.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Flag it!

OPINION: Agriculture and Trade Minister Damien O'Connor tried to keep his latest overseas jaunt secret squirrel.

Oh dear!

OPINION: This old mutt suggests that farmers' growing discontent with Beef+Lamb NZ's performance is going to reach fever peak after…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter