Alliance Group Pays Out $5.9M In Loyalty Payments To Farmer/Shareholders

Apr 30, 2018
587 Views

Leading food company Alliance Group will reward its committed shareholders with a distribution of $5.9 million in loyalty payments today.

The quarterly payments have been made to the co-operative’s Platinum and Gold shareholders who supply 100 per cent of their stock to the company.

Today’s loyalty payments are for the period January-March 2018 and brings the total amount distributed to loyal shareholders for the season to date to $9.8m, an increase of 4.7% compared to the same period of the 2016/17 season.

Farmers supplying 100 per cent of their lambs are paid an additional 10 cents per kilogram for each lamb, 6 cents/kg for sheep, 8.5 cents/kg for cattle and 10 cents/kg for deer.

David Surveyor, Alliance Group Chief Executive, said: “Alliance Group is 100 per cent owned by our farmer shareholders and we’re committed to offering a range of benefits above the price on the day including loyalty payments and yield contracts. We also provide other benefits such as priority processing and store stock facilitation.

“Our Loyalty Payments programme is a major part of our strategy to reward our loyal suppliers for their consistent and committed supply.

 “Every cent Alliance Group makes in profits is delivered back to farmers or re-invested into the business to continue to improve our operational efficiency and ultimately lift returns to our farmer shareholders.”

Alliance Group distributed more than $15 million in loyalty payments over the 2016/17 season.

Alliance Group is a co-operative owned by approximately 5000 farmer shareholders and is the world’s largest processor and exporter of sheepmeat.

You may be interested

Foreign Drivers No Worse Than Kiwi Drivers On NZ Roads – Ministry Data
News, Southland
200 views
News, Southland
200 views

Foreign Drivers No Worse Than Kiwi Drivers On NZ Roads – Ministry Data

News Desk - Jan 24, 2019

New Zealand drivers are crashing at higher rates than drivers visiting this country, Ministry of Transport data shows. While exact…

Cattle Rescued As Fire Engulfs Dairy Sheds Near Balclutha
News, Rural
508 views
News, Rural
508 views

Cattle Rescued As Fire Engulfs Dairy Sheds Near Balclutha

News Desk - Jan 24, 2019

A large fire in Otago, which trapped cattle in burning dairy sheds, has been contained. no caption Emergency services were…

Funeral Notices – Thursday 24th January
Funeral Notices
1219 views
Funeral Notices
1219 views

Funeral Notices – Thursday 24th January

Notices - Jan 24, 2019

If you would like your recently lost loved ones death / funeral notice or memoriam listed here, contact your Funeral…