The New Zealand Meat Board continues to manage around $77 million of reserves, with $57.5 million of this sum set aside for use in an industry crisis. The remaining monies held in reserves are available for industry good projects.
The Reserves Policy was recently reviewed and a copy of the current Policy can be read here.
Future review periods of the Reserve Policy are scheduled as follows:
- This Reserves Policy will be reviewed three-yearly following this review or earlier at the Board’s discretion.
- The specific reserve for quota jeopardy will be reviewed three-yearly, the next being due in 2020, and
- The Contingency Fund Policy will be reviewed five-yearly the next review being due in 2019.
Livestock farmers will be consulted before any changes are approved.