TAFCO - Local Farmer co-operatives work together in Myrtleford
On behalf of the TAFCO Board and Murray Goulburn Co-operative Co Ltd, I am pleased to inform you of recent events which will strengthen our future and secure your shareholding in the Tobacco & Associated Farmers Co-operative Ltd.
TAFCO has entered into an agreement with Murray Goulburn (MG) Trading Myrtleford to provide goods and services to their members and customers upon closure of their store on the 31March this year.
As you are all acutely aware, the farming sector continues to face increasing input costs and has not recovered from the loss of tobacco production locally. Dairy is a key regional growth sector – it is a progressive industry and is welcomed to the TAFCO family.
On behalf of the Board of Directors I would like to thank members for your continued loyalty in trading with TAFCO during these difficult times of economic downturn in the rural sector.
I would like to ensure members that the Board together with management are continually looking at how we can improve efficiencies in the business and ensure long term ongoing viability. Co-operative principals are strong with distribution of our profits weighted towards rewarding loyalty to members through rebate on trade rather than paying higher dividends.