Alliance Group going to farmer-owners for more capital

(Image: Getty)

Fri, 26 Apr 2024

Alliance Group, the country’s only fully farmer-owned meat co-operative, is going to its farmer-shareholders for more capital.The move comes after the co-op reported a $70 million loss in its most recent financial year, which saw red meat prices under significant pressure.Newly minted chair Mark Wynne said on Friday that the increase in shareholder capital was required for Alliance to remain a 100% farmer-owned co-op and to continue its drive towards the goal of being New Zealand’s most efficient processor.While it didn’t say...

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