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

 


Rabobank welcomes signing of Red Meat Profit Partnership

Rabobank welcomes signing of Red Meat Profit Partnership

Agricultural banking specialist Rabobank has welcomed the recent signing and successful contracting of the Red Meat Profit Partnership (RMPP).

The finalisation of the $64 million dollar partnership has been announced with the Crown officially contracting its support of the initiative.

Rabobank New Zealand CEO Ben Russell said the bank was pleased to confirm its
support as a partner of the RMPP alongside the other co-investors.

“Rabobank is very pleased to play its part in this very important initiative for New Zealand agriculture,” Mr Russell said.

“In order for the meat sector to maximise its potential growth over the long term, farmers must be profitable, competitive and sustainable in the tough environment of the global animal protein sector.”

While good seasons and high prices are obviously important, Mr Russell said that so too is the adoption of new technology and the continued development of skills and capability across the industry.

Mr Russell said the imperative for change and innovation in the red meat industry was at an all time high, with the industry along the entire value chain facing many challenges.

“In recent years, many farmers have voted with their feet by leaving the industry, due to low and inconsistent profitability,” he said.

“If this trend is to be stopped, we need to see more consistent on-farm returns for farmers – that is the goal of the RMPP.”

The RMPP will begin a seven-year program of investment to transform the transfer and adoption of best practice on-farm. It aims to develop stronger relationships from the farm gate, processors and trusted advisors.

Co-investors of the RMPP include Alliance Group, ANZCO Foods, ANZ Bank, Beef +
Lamb New Zealand (on behalf of sheep and beef farmers), Blue Sky Meats, Greenlea Premier Meats, Progressive Meats and Silver Fern Farms.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

ALSO:

Get More From Scoop

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