B+LNZ give support to MIE business plan

The Beef + Lamb New Zealand (B+LNZ) Board has approved funding for the Meat Industry Excellence (MIE) group’s Business Plan to support red meat sector initiatives.

The decision to approve the funding application comes following farmers voting in support of an MIE remit at the B+LNZ Annual Meeting in March of this year, seeking funding support for MIE initiatives.

The $219,000 project includes MIE contracting independent consulting firms to research improved procurement models, flow on effects on industry profitability and communicating these findings to the sector.

Beef + Lamb New Zealand Chairman, James Parsons said the B+LNZ Board had worked with MIE since their successful farmer remit vote and are satisfied a well thought out business plan has been developed.

Mr Parsons acknowledged that farmer and broader industry support would be important to enable successful completion of the project. "MIE will need strong engagement from both farmers and the broader industry to ensure quality and informed analysis is undertaken. B+LNZ looks forward to the outcomes of the completed analysis that MIE has requested funding to undertake, and its contribution to informing progress in achieving Red Meat Sector Strategy aims."