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Cow Fees Adjustment
Dear Members,

Live exports have been a fantastic revenue source for NZ Herefords over the past couple of years and acknowledging this unprecedented revenue is shortly coming to an end, NZ Herefords board wanted to give back a portion of the unforeseen revenue to breeders. As a result, NZ Herefords board decided the fairest way for all breeders was to discount cow fees by 12% for this financial year, only. You will see this clearly in your October 2022 invoice.

However, it will come as no surprise, that NZ Herefords, like all other New Zealand businesses is experiencing increased costs across all facets of the business. This has led the NZ Herefords board to review cow fees. As previously discussed, NZ Herefords determined it would be advisable to increase cow fees yearly, in line with the current consumer price index (CPI). Since an increase reflecting the CPI, did not occur over the last couple of years, to avoid large increases in the future, it’s prudent that the CPI increase of 7% is introduced in October 2022. The CPI for the last two years has been around 1% each year which NZ Herefords chose not to pass on. The CPI this year is over 7% which is too big not to pass on to avoid an even larger increase in the future.

The female fees billed in October 2022 will be as follows:

FEMALE FEES for 2022: (GST exclusive)

Cows
Female fees are charged on all cow numbers (three years and over) taken from the 1st June, listed initially including the CPI increase of  7%, then recalculated with the discount of 12% (resulting in a lower fee than the previous year):

$24.24 per cow for 1-50 cows in each herd - including 2022 12% discount = $21.33
$23.70 per cow for 51-100 cows in each herd - including 2022 12% discount = $20.86
$23.11 per cow for 101-150 cows in each herd - including 2022 12% discount = $20.34
$22.58 per cow for 151-200 cows in each herd - including 2022 12% discount = $19.87
$16.59 per cow for 201 plus - including 2022 12% discount = $14.60

Heifers
Female fees are charged for two-year-olds taken from the 1st June, listed initially including the CPI increase of  7%, then recalculated with the discount of 12% (resulting in a lower fee than the previous year):

$15.46 per two year old for 1-50 2yr old in each herd - including 2022 12% discount = $13.60
$14.93 per two year old for 51-100 2yr old in each herd - including 2022 12% discount = $13.14
$14.39 per two year old for 101-150 2yr old in each herd - including 2022 12% discount = $12.66
$13.86 per two year old for 151-200 2yr old in each herd - including 2022 12% discount = $12.20
$13.27 per two year old for 201 plus - including 2022 12% discount = $11.68
 
Manual entry fees were increased to $2 per entry, to encourage members to use the available software which improves accuracy and office efficiency. This will continue to increase annually to bring it in line with other breeds.
 
Regards
Posy Moody
NZ Herefords GM

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