The New Zealand Meat Board manages $77m of reserves. This includes a $57.5m contingency fund set aside for re-establishing New Zealand’s reputation in the wake of an international industry crisis, and $2.5m for quota jeopardy – a situation where New Zealand’s quota arrangements are threatened by the actions of a quota market authority or quota holder.
The remaining $19.5m is held in reserves and available for industry good projects. Industry good projects being funded currently are:
- Beef + Lamb New Zealand Genetics (2017: $1.9m from interest income)
- Red Meat Profit Partnership (2017: $3.3m from capital reserves).