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


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news