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

 

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news