Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Rabobank supports red meat sector collaboration program

Media Release February 1, 2013


1


Rabobank supports red meat sector collaboration program for greater farmer profitability

Agricultural banking specialist Rabobank has welcomed the newly-announced red meat sector collaboration between industry and government to enhance the long-term profitability of New Zealand’s beef and lamb industries.

Rabobank New Zealand CEO Ben Russell said the bank was pleased to confirm its support as a participant in the proposed program. Rabobank notes the program is reliant on the forthcoming vote by farmers on Beef and Lamb New Zealand’s contribution.

The New Zealand Red Meat Sector Primary Growth Partnership (PGP) Collaboration for Sustainable Growth Program for the beef and lamb industries is a commitment by government, Beef and Lamb New Zealand and a range of industry participants in the long-term enhancement of sector profitability and sustainability.

The $65 million sector development program, which is being co-funded by the New Zealand government, will run for seven years.

“Rabobank is very pleased to play its part in this very important initiative for New Zealand agriculture,” Mr Russell said. “The meat sector will only grow in the long term if farmers are profitable and competitive in the tough environment of the global animal protein sector. While good seasons and high prices are obviously important, so too is the adoption of new technology and the continued development of skills and capability across the industry.”

Mr Russell said Rabobank’s support of the planned Red Meat PGP Collaboration aligned well with the bank’s food and agribusiness focus and its cooperative and sustainable values.

“The program will complement other Rabobank initiatives designed to develop and promote excellence in the agricultural sector. These include our Food & Agribusiness Research and Advisory unit, as well as the bank’s Executive Development Program and Farm Management Program educational courses for farmers and our succession planning services,” he said.

Mr Russell said it was pleasing to see collaboration between government, industry bodies and individual commercial enterprises in the long-term competitiveness of New Zealand’s red meat sector.

“Farmer involvement throughout the development and implementation of the program will be important to its long-term success,” he said.

Media Release February 1, 2013

2


Rabobank New Zealand is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 110 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 47 countries, servicing the needs of approximately 10 million clients worldwide through a network of more than 1600 offices and branches. Rabobank New Zealand is one of the country's leading rural lenders and a significant provider of business and corporate banking and financial services to the New Zealand food and agribusiness sector. The bank has 32 branches throughout New Zealand.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news