Ensuring high quality British product through innovative costing model
- Lidl to invest £500m into British pork
- New standard includes open-book producer costing model
- Guarantees minimum producer volumes
- Includes fixed margin for farmers
Lidl GB has committed to investing £500m into the British pork sector to secure the production of high-quality British products. As part of this investment, Lidl has introduced a new standard that includes an open-book producer costing model. This model takes into account the on-farm cost of production and guarantees minimum producer volumes. Additionally, it includes a fixed margin for farmers, ensuring their profitability. Lidl’s investment aims to support the British pork industry and maintain the production of top-notch British pork products.
Factuality Level: 9
Factuality Justification: The article provides a straightforward and factual statement about Lidl GB’s investment in the British pork sector without any digressions, misleading information, sensationalism, redundancy, or opinion. It is a clear and concise report of the company’s investment plans.
Noise Level: 3
Noise Justification: The article provides a clear and relevant piece of information about Lidl GB’s investment in the British pork sector. It stays on topic and supports its claim with the investment amount. However, it lacks in-depth analysis, antifragility considerations, and accountability aspects.
Financial Relevance: Yes
Financial Markets Impacted: The investment by Lidl GB into the British pork sector may impact the financial performance of pork producers and suppliers in the UK.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses Lidl GB’s investment in the British pork sector. However, there is no mention of an extreme event or its impact rating in the article.
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