It currently oversees $2.6 billion of red meat exports to the quota markets of the European Union, United Kingdom and United States, representing tariff savings of $934 million a year for the sector.
The board also administers significant farmer reserves, currently standing at $79m, held as a contingency fund to help New Zealand re-enter export markets in the event of a biosecurity incursion or disruption in quota markets.
It allocates interest and dividends, after reserve expenses from this fund, in consultation with farmers, for industry good projects such as the Eliminating Facial Eczema Impacts (EFEI) programme.
NZMB chairwoman Kate Acland said the board was “very pleased” to appoint Beeby.
“He is highly experienced and respected in the red meat sector and already has significant knowledge about the NZMB and its work in our global markets.”
Beeby said the board continued to play a vital role in helping the industry navigate uncertain times and volatility.
“Global trading conditions remain challenging, but our sector’s resilience is strengthened by the critical role our quota system plays in securing tariff-free access to key markets like the European Union, the United Kingdom and the United States.
“In these challenging times, the board’s role in supporting preferential access into quota markets, managing contingency reserves and supporting industry innovation through funding critical research is more important than ever.”
