WAMMCO AGM confirms $1.8M profit figure
At last weeks WAMMCO Annual General Meeting, Chairman Dawson Bradford confirmed a $1.8 million profit for the Cooperative, and pledged further plant upgrades and increasing market promotion, particularly in the US to ensure stability as WA lamb production increased.
He pointed to average producer returns of $73.96 per head despite a hike in the Australian dollar to nearly 80c/US, stating that this performance had been achieved through increased efficiency and more value adding of product to win more market share in the US.
Another $15 million would be spent at Katanning over the next five years continuing on from the $2.3 million freezer complex currently under construction.
Dawson said the WAMMCO board had a key role to play in working to prevent a return to the boom/bust lamb cycles and the days of the $20 lamb.
He said the minimum price contracts introduced by WAMMCO had been a positive influence in encouraging producers to meet higher production standards and the board hoped to maintain this facility, with future profits possibly also returned to members via a rebate for performance.
The appointments of new director Rod Madden was approved at the meeting, along with the reappointment of directors, Mick Quinlivan and Kim Hutchinson.
QUINTARRA CONTINUES TO SCORE
A return to the WAMMCO ‘winners’ circle’ as Producer of the Month for June 2019 has confirmed the success of ‘fine tuning to optimise performance’ still ...
Read moreAustralia’s new definition of lamb — what you need to know
The definition of lamb is changing in Australia – from 1 July 2019. The old definition of lamb was ‘A female, castrate or entire male that has 0 permanent incisor teeth’. ...
Read moreOverseas Investors Ban Sheep on WA Farmland
WA Meat Marketing Co-operative Chairman Craig Heggaton has urged state and federal authorities to investigate reports that overseas investment trusts and companies are banning livestock production on the WA farmland ...
Read moreDowerin's Hudson Family Scores Again
There has been no loss of interest in prime lambs since Darrel and Diane Hudson of Yleena Farm Dowerin became the first Producers of the Month winners for their area ...
Read moreWAMMCO Title to Newdegate Pioneers
The Land Board members who granted young Narrogin farmer Barry Rick one of eight virgin land titles south of Newdegate in 1980 would have been impressed at the time by his ...
Read more
