Alliance distributes $11.4 mln to farmer shareholders, looks abroad for growth

Thu, 14 Dec 2017

By Sophie Boot Dec. 14 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, will pay $11.4 million to its farmer shareholders this week, after a year where it doubled annual earnings as sales rose 15 percent with a recovery in global meat prices. At the company's annual meeting in Te Anau today, chair Murray Taggart said Alliance will make the pool distribution payments on Dec. 15, according to an emailed statement. The distribution will be paid at $1.80 per head for lambs, $1 per head for sheep, $10 per head for cattl...

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