Reserves

As at 30 September 2024 the New Zealand Meat Board managed $88.6 million of reserves.

This includes the $67.7 million contingency fund set aside for re-establishing New Zealand’s reputation in the wake of an international industry crisis, and $3.2 million for quota jeopardy – a situation where New Zealand’s quota arrangements are threatened by the actions of a quota market authority or quota holder. These funds are inflation adjusted.

The investment fluctuation reserve had a value of -$2.1 million, representing unrealised losses from the investment fund compared to book value and inflation adjustments to the contingency and quota jeopardy reserves.

The remaining $19.8 million is held in reserve as retained earnings.  

Income (interest and dividends) after reserve management expenses are available for industry good projects by application from Beef + Lamb New Zealand Limited (B+LNZ).

Industry good projects funded in 2024 were:

• Beef + Lamb New Zealand Genetics $0.7 million (2023: $1.4 million)

• Facial Eczema $0.55 million (2023: nil)

Current: 18 March 2025