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

 

Red meat, Malcolm Bailey and positive farming news

26 August 2013

Red meat, Malcolm Bailey and positive farming news

A ‘bloody marvellous opportunity’ is how Federated Farmers is describing the Red Meat Profit Partnership (RMPP), which will be independently chaired by former President, Malcolm Bailey. The RMPP is a Primary Growth Partnership (PGP) announced in January.

“We are thrilled to have our old comrade on board. Malcolm is of the highest calibre and we know he’ll do a great job,” says Jeanette Maxwell, Federated Farmers Meat & Fibre Chairperson.

“Federated Farmers has a vested interest in the success of the RMPP because it provides a model of cooperation in an industry where that’s been in short supply. For those who say nothing positive is happening we say, ‘look at this.’

“In January, Federated Farmers said we hoped this PGP could arrest a race to the bottom and those words have never been truer, or for that matter, more relevant.

“Frankly, we’ve never had anything like the RMPP before, which is through the line and multi-faceted. It involves Beef + Lamb New Zealand along with the processors, Alliance Group, ANZCO, Silver Fern Farms, Greenlea, Blue Sky Meats and Progressive Meats. ANZ Bank and Rabobank are involved as is Deloitte.

“With the RMPP in the final stages of contract negotiations with the Crown, it will invest across a portfolio of projects to build capability and make the red meat sector more profitable, confident and productive. We are at a stage where the need to get this right is crucial.

“That makes Malcolm Bailey’s role pivotal. Not only is Malcolm a past President of Federated Farmers, he has been a former Special Agricultural Trade Envoy and is currently a Director of Fonterra Cooperative Group. If that is not enough, he is a Director of Westpac NZ, Chairman of the Dairy Companies Association of New Zealand and a member of the Food & Agriculture International Trade Policy Council.

“We are as excited by this as Malcolm Bailey is. He will chair the RMPP to achieve a step change in farm productivity and red meat sector performance,” Mrs Maxwell concluded.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>


Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>