If New Zealand's red meat industry was a schoolchild, it
would be the C+ pupil, Federated Farmers meat and fibre
chairwoman Jeanette Maxwell reckons.
While it had massive potential, it also had issues with
concentration and did ''not play well with others'', she
A call for greater co-operation was a central message of
Federated Farmers' discussion paper which has outlined
options for reform of the industry.
The paper was released last month to members for feedback
which closed yesterday and has now been publicly released.
''While we fight each other, we're missing the point that
global protein competition comes from white meat,'' Mrs
The OECD-FAO expected world meat exports to increase by 19%
by 2022 so the need for reform had never been clearer, she
Last year, the OECD-FAO said meat prices would remain high in
real terms over the next decade. That was due to changing
market market fundamentals of slower production growth and
stronger demand and it represented the opportunity that New
Federated Farmers had given the industry plenty of time to
reform itself but, with falling stock numbers and more
attractive land-use options, ''we have to get off the
sidelines'', she said.
''This is what our paper is about. It has generated
discussion internally among our members but now is the time
to take that discussion wider into the media, academia, as
well as with the analysts.''
Federated Farmers was not yet plumping for a preferred
option. It wanted to be informed by feedback from its members
and from the wider industry, she said.
Southland-based co-operative Alliance Group has issued a new
share prospectus and investment statement.
Yesterday, company secretary Danny Hailes said the company
had reviewed its prospectus last year and the new document
was registered with the Companies Office last month.
As a result, a new investment statement had been issued,
which was available to any prospective shareholder and
existing shareholders who wanted to take on more shares. The
offer, for ordinary nominal value shares of $1 each, was
Alliance Group stopped issuing shares while the prospectus
was being reviewed. It had fielded inquiries over the last
''year or so'' from people wanting shares in the company.
Its yield quality contract was an example where suppliers
needed to be shareholders to participate in it, Mr Hailes
The company would this week be making contact with those
people who had expressed an interest in shares. Application
forms could be obtained from the company's corporate office