Minister Creed: Beef producers will benefit after new bonuses
Topics: CREED BEEF
The Agreeement involves a number of interventions which will provide immediate benefit for beef producers, as well as a range of strategic measures which seek to to address structural imbalances in the sector.
Confirming details of the Agreement the Minister said “beef producers will benefit from an increase in a range of bonuses, including
- an increase of 66% in the current in-spec bonus for steers and heifers from 12c/kg to 20c/kg;
- the introduction of a new bonus of 8c/kg for steers and heifers aged between 30 to 36 months, which meet all non-age related existing in-spec criteria, and which up to now have not received any bonus;
- as well as the introduction of a number of new bonuses and reforms." ■