A $151 million project to reinject life into New Zealand’s red meat industry was announced in Wellington this morning with a goal to provide a net economic benefit of more than $500 million.
Dunedin-based meat processor Silver Fern Farms, state owned corporate farmer Landcorp and rural services and supplies company PGG Wrightson alongside the Ministry of Agriculture and Forestry (MAF) have presented a seven-year programme focusing on red meat consumers first and developing the products they require.