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

 


Red Meat Profit Partnership underway

Red Meat Profit Partnership underway

Beef + Lamb New Zealand has welcomed the announcement that the Red Meat Profit Partnership is underway, acknowledging the significant opportunities it will provide farmers.

Beef + Lamb New Zealand Chairman, Mike Petersen says: “The significance of this collaboration cannot be underestimated as it draws together a big part of the red meat processing industry along with farmers and two banks, with the common goal of improving the profitability of sheep and beef farms. Profitability has been too variable and insufficient in recent years, but through this collaboration there is a significant opportunity to improve it.”

Petersen said Beef + Lamb New Zealand would be driving the Red Meat Profit Partnership hard to ensure farmers get the information and tools they need to improve farm profits and efficiencies. The collaborative efforts of the partner group is a powerful force and a unique feature of the programme, with more opportunities for getting information to farmers, he said.

Beef + Lamb New Zealand Chief Executive, Dr Scott Champion says: “We’re also going to be seeing a lot more information and analysis to support business management and benchmarking, as well as new ways of working to deliver more ‘traditional’ on-farm management techniques and information.

“This work is about deeply understanding the needs of sheep and beef farmers, and working closely with them to develop the programmes that we deliver both as a group and as individual partners in the programme.”

The Red Meat Profit Partnership is supported by the Primary Growth Partnership and involves the Government and co-investors Alliance Group, ANZCO Foods, ANZ Bank, Beef + Lamb New Zealand (on behalf of farmers), Blue Sky Meats, Greenlea Premier Meats, Progressive Meats, Rabobank and Silver Fern Farms. It will see $64 million invested in the red meat sector over the next seven years.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

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:

Get More From Scoop

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