Faint praise from industry body for Fonterra for meat report

Tue, 17 Mar 2015

By Pattrick Smellie March 18 (BusinessDesk) - The industry body that helped fund a major study to reform the red meat sector has damned with faint praise the resulting report from the Meat Industry Excellence initiative, saying it overstates the problems in the industry and that current structures are producing returns for top-performing farmers equivalent to top-performing dairy farmers. James Parsons, the chairman of Beef & Lamb New Zealand, which helped fund the MIE report after farmers voted to assist the initiative, described the rep...

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