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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news