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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news