Lower profits for AQM

16 May 1997

Lower profits for AQM

EAST Anglian livestock marketing co-op, Anglia Quality Meat, has reported a year of higher turnover but reduced profit as BSE hit the cattle side of the business.

Cattle numbers dropped 4.5% to 6540. But finished pigs – the mainstay of the business – increased 13% to 291,000, and lambs were up 14% to 19,600, helping lift turnover to over £34m. Most of these animals were farm assured, a trend which AQM chairman, Eustace Bullman, says is essential to counter the effects of a diminishing number of buyers.

But the financial surplus dropped 5% to £127,800. Of this, £87,000 will be returned to the groups 280 members to cover all marketing levies made during 1996, with the balance retained to cover relocation costs. Members will also receive a share of £95,200 being paid out of the co-ops bad debt fund after a year in which no claims were made. &#42


Farmers Weekly Awards Show

Join us for a week-long extravaganza to celebrate the farming heroes and achievements of 2020 and announce the winners of the Farmers Weekly Awards. Countryfile presenter Adam Henson will host five nights of entertainment in 20-minute programmes filmed all over the country. He'll be joined by a host of farming celebrities and feature a special appearance by HRH Prince Charles.
Find out more
See more