Alliance is already on the path to recovery – we don’t need to give away control to secure its future.
Strong Turnaround Achieved
- Profit of $20 million this year, compared with a $70 million loss last year – a $90 million swing.
- Achieved in a year with no peak livestock flows – the first time in the co-op’s history.
- A huge achievement by the team at Alliance, showing operational excellence.
Future Profit Outlook
- The official booklet forecasts a sustainable $75 million profit going forward.
- Alliance holds $191 million in tax losses, meaning future profits can be kept as cash for the co-op until those losses are fully used.
Banking Confidence
- Banks have complimented CEO Willie Wiese and Chair Mark Wynne on the remarkable turnaround in just 12 months.
- They were impressed by the courage to close Smithfield and make tough decisions.
- The management team has been operating under very tight banking covenants – and has met them all.
- Only a year ago, directors had to push hard simply to secure seasonal working capital. That position has now been stabilised.
Farmer Capital Proposal
Our alternative plan asks farmers for support:
- $5 per lamb equivalent this summer
- $2 per head (additional contributions)
This keeps ownership and profits in farmer hands, rather than sending them offshore.
What’s at Stake?
We have proven leadership in CEO Willie Wiese, Chair Mark Wynne, and the Alliance Group team. We have a profitable, bankable business – and capital always follows profits. We have $191 million in tax losses to shield profits and return cash to the co-op.
Under the Dawn Meats proposal, 65% of future profits will go offshore.
The proposed share sale to Dawn Meats is not a business decision. It is not a financial transaction. It is the dismantling of New Zealand’s last fully farmer-owned meat cooperative. Once you vote ‘yes’, there’s no going back.
Ever.
The cooperative your grandfather helped build. The processing plant that’s supported your family and your community for generations. The farmer ownership that gave you leverage in the market. All gone. We have a better path forward: a farmer-led recovery that preserves ownership, delivers better returns, and keeps Alliance in New Zealand hands. But we can only take that path if we stand together and vote NO to this deal.
The Message of a NO Vote
A NO vote sends a clear, strong signal to the banking syndicate: that shareholders are prepared to step up, back the turnaround, and retain ownership of their co-operative
Your Vote Matters
With only 2,500 active shareholders, every vote counts. Talk to your neighbours. Call other Alliance suppliers. Share this information. We are not helpless, we are not without options. We can overcome the challenges Alliance faces – but only if we stick together.