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Farmers who used new genomic technology from their cooperative, LIC, in 2008 and 2009 will shortly receive a credit for the premium they paid for the product in those two years.
LIC general manager genetics, Peter Gatley, says the credit is a gesture to the farmers "who came with us as early adopters of a technology poised to advance genetic gain more than any other in the history of dairying".
"Data collected from our Sire Proving herds indicates that the Breeding Worth averages of the 'DNA Proven' sire teams used in 2008 and 2009 were lower than originally estimated. This observation is very much in line with international experience, and we now have appropriate adjustments in place, but we can't turn back the clock on the estimates we provided for the 2008 and 2009 teams.
"The average of all DNA Proven inseminations has delivered a modest advantage over the traditional alternative, so the rate of genetic gain has been maintained, but the result is well short of our original prediction. The credit is a gesture of appreciation for the support of our early adopters who paid a premium for the service."
The value of the credit is estimated to total $4.7 million and will be processed in March 2012.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
The first calves of a new crossbred dairy-beef offering are now on the ground at a Pamu (Landcorp) farm near Taupo.
Academic and former Fonterra director Nicola Shadbolt has been elected as LIC director.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
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