The future growth and sustainability of New Zealand’s red meat industry is the focus of a new collaboration between agribusinesses, farmers and the Ministry for Primary Industries (MPI). The red meat profit partnership is the newest programme to get underway in MPI’s primary growth partnership, following a contract being signed between MPI and co-investors.
It is a $64 mill. sector development programme of which $32.1 mill. is funded by the primary growth partnership and the remainder by industry and sheep and beef farmers. MPI director-general Martyn Dunne says the red meat profit partnership aims to boost the capability of the red meat sector by ensuring it has ready access to best practice information, tools and support.
Co-investors include Alliance Group, Anzco Foods, ANZ Bank, Beef + Lamb New Zealand (on behalf of sheep and beef farmers), Blue Sky Meats, Greenlea Premier Meats, Progressive Meats, Rabobank and Silver Fern Farms.
The programme is designed to be open, enabling others to invest and provide support throughout its duration.
The seven-year red meat profit partnership comprises four core projects:
- researching the information requirements of different farm businesses
- developing and supporting sheep and beef farmers and their advisors
- capturing and benchmarking key business data to inform business decisions
- developing technical resources
Source: Beef and Lamb New Zealand