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.
NEW POSTS FOR WAMMCO BRAND
West Australian Creative Director and brand development specialist, Mr Mark Lucas has joined the board of Katanning-based, producer-owned lamb and sheepmeats processing cooperative WAMMCO International. WAMMCO Chairman Craig Heggaton said ...
Read moreWINNING WITH MERINO MOTHERS
A realization that they had to simplify and increase their sheep production – in response to low viability in the wool, lamb and mutton markets back in the late 1990’...
Read moreWAMMCO ANNUAL SHUTDOWN
WA’s producer-owned sheepmeats processing cooperative WAMMCO International, will close its Katanning plant for three weeks of annual repairs and maintenance from July 3. Katanning Manager Tony Bessell said receivals ...
Read morePERFECT SCORE PLUS EXTRA $100
PER HEAD FOR WINNING LAMBSWhen Woodanilling farmer Damian Shackley and his family won their first WAMMCO Producer of the Month title for February 2013, their draft of 109 Merino/Suffolk prime lambs ...
Read moreWAMMCO TITLE RETURNS TO DAYBRON
When David Millsteed of Daybron Farms, Wongan Hills became the first prime lamb producer to win WAMMCO’s upgraded Producer of the Month title in July 2016, his winning line ...
Read more
