[30 April/NZ Farmer]

Loyal Alliance Group shareholders will receive a $5.9 million distribution of loyalty payments. The payments will be made to the platinum and gold shareholders who supply 100 percent of their stock to the company. This brings the total amount distributed to shareholders to $9.8 million which was a 4.7 percent increase on the same period last season. Alliance Chief Executive, David Surveyor, said they were committed to offer a range of benefits above the price on the day which included loyalty payments. He added that the loyalty payments programme was a major part of their strategy to reward loyal suppliers for consistent and committed supply. Mr Surveyor noted that every dollar Alliance made in profits was delivered back to farmers or re-invested into the business.