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

 


Beef + Lamb New Zealand agree on remit actions

Beef + Lamb New Zealand agree on remit actions


The Board of Beef + Lamb New Zealand has supported in principle the farmer remits put to its Annual Meeting in Feilding last month.

The board had its first meeting since the Annual Meeting in Christchurch yesterday and Beef + Lamb New Zealand Chairman, James Parsons said Directors supported the request from the Wool Levy Review Group to use remaining Meat & Wool New Zealand wool levies - from pre 2010 - to prepare a referendum proposal for a wool levy under the Commodity Levies Act.

Parsons said this independent wool group had been formed after a remit to Beef + Lamb New Zealand’s 2011 Annual Meeting directed an investigation into the effects of the discontinued wool levy. The remit also sought to understand if there was support for returning to a collective grower investment and that a value proposition be brought to the 2014 Beef + Lamb New Zealand Annual Meeting.

“Beef + Lamb New Zealand has provided support along the way as views were canvassed and this work culminated in the business case that farmers voted to support in March. The business case is for a wool levy to be raised and to focus on increasing a demand for wool and wool products, information, policy and advocacy, research, development and extension.

“Given the funding support of the Beef + Lamb New Zealand Board, the independent Wool Levy Review Group will be able take the proposal to a referendum for wool growers, to be held before the end of this year.”

This would not be a Beef + Lamb New Zealand referendum. It would be conducted by the independent wool group.

Parsons said Directors also recognised the support farmers had given to the Meat Industry Excellence (MIE) Group remit requesting financial support for its efforts to reform the red meat sector. The remit was supported by farmers in the March vote.

“We have taken on board the majority view of farmers who voted. It will be important now for MIE to shape up a funding application and business plan that levy funds can support.

Parsons said it should be noted that these two remit actions – from the Wool Levy Review Group and MIE - were at very different stages of development.

“The wool levy action is well down the track and it was quite clear what farmers were asking Beef + Lamb New Zealand to fund. By comparison MIE’s remit was very high level and Beef + Lamb New Zealand will now work with MIE as they develop a more detailed project plan, and importantly one that Beef + Lamb New Zealand can fund.

“To be clear, the board recognises the farmer support for MIE through the recent vote. What we must understand and agree on now is how levies would be invested.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news