Boost for Alliance farmers

Farmer shareholders in meat company Alliance Group have been rewarded with a $3.2 million loyalty payment distribution.

The quarterly payments have been made to the co-operative's Platinum and Gold shareholders who supply 100 percent of their livestock to the company.

Farmers are paid an additional 10 cents per kilogram for each lamb, six cents/kg for a sheep, 8.5 cents/kg for cattle and 10 cents/kg for deer.  

The payments cover the period October-December 2018.

Alliance chief executive David Surveyor said the loyalty payments reflect the value the co-operative places on consistent and committed supply.

"The interests of our farmers are at the heart of every decision we make and our focus is on creating prosperity for farming families," he said.

"Our profits are delivered back to farmers or re-invested into the co-operative so we can continue to improve our performance and lift returns to our shareholders," said Mr Surveyor.

He said the co-op is investing in developing new markets and added value projects as part of a strategy to capture greater market value.