The Red Meat Profit Partnership (RMPP), a consortium of red meat sector participants completing a Primary Growth Partnership agreement with the Crown, has appointed Malcolm Bailey as its independent chairman.
Bailey, well known in New Zealand agribusiness, is a former National President of Federated Farmers, a former Special Agricultural Trade Envoy for the Crown and a current director of Fonterra. He is also a Westpac NZ Ltd director, chairman of the Dairy Companies Association of New Zealand and a member of the Food & Agriculture International Trade Policy Council (IPC), based in Washington DC.
The role will see Bailey chair the RMPP that involves meat companies Alliance Group, ANZCO, Silver Fern Farms, Greenlea, Blue Sky Meats and Progressive Meats, two banks – ANZ and Rabobank , business services firm Deloitte, and industry-good organisation Beef + Lamb New Zealand. Half of the RMPP activities will be funded by this private sector consortium, with the other half funded by the Crown.
The RMPP, which is in the final stages of contract negotiations with the Crown, will invest across a portfolio of projects intended to build capability and make the red meat sector more profitable, confident and productive.
Based on themes outlined in the Red Meat Sector Strategy, the programme will be supported by an investment of $64 million over seven years ($19.3 million from sheep and beef farmers through B+LNZ, $13 million from industry and $32 million from the Crown).
Bailey said: “The RMPP provides an opportunity to achieve a step change in farm productivity and sector performance. We have a strong consortium of private sector interests co-investing with the Crown and the challenge of helping steer this group is exciting.”