Helping heifers grow
Dairy farmers can easily track the performance of their replacement heifers and ensure they reach their genetic potential.
Wayne McNee says LIC is well-placed to play a leading role in helping farmers meet sustainability goals.
He told Dairy News that the focus on sustainability provides a massive opportunity to add value to dairying.
McNee, who served on the Sustainability Business Council (SBC) board, was instrumental in the release of LIC's first sustainability report.
LIC is part of the Climate Leaders Coalition, The Aotearoa Council and the SBC.
When joining SBC, members are required to introduce annual three reporting practices, which outline progress on environmental, social, governance and economic issues.
McNee says the report meets those requirements from a business perspective, but it's also an opportunity to demonstrate how LIC is responding to sustainability challenges facing farmers and the New Zealand dairy industry.
"As a farmer-owned co-operative and world leader in pasture based dairy genetics and herd management, we have a critical role to play in helping New Zealand's dairy farmers meet their sustainability goals," he says.
McNee says LIC exists to deliver superior genetics and technological innovation to help shareholders sustainably farm a profitable animal.
"So sustainability is baked into our purpose.
"While many industries only recently began responding to climate challenges, LIC and its farmer shareholders began work over 30 years ago to improve genetic gain within the herd using genomics."
The LIC Sustainability Report has information about its environmental, social and economic performance for the year ended 31 May 2021. McNee says LIC has made great progress on its sustainability journey, especially over the last four years.
Some of these are:
Measuring LIC performance from a social perspectiive is a new feature of the reporting.
Organisational Health Index (OHI) is a McKinsey tool which measures the impact of organisation practices and culture on performance against international benchmarks.
LIC is in the upper end of the second quartile of all tested companies by McKinsey worldwide.
The economic section of the Sustainability Report explains LIC is delivering value to farmer shareholders by investing in initiatives to help them breed the most profitable and sustainable animal.
McNee says LIC is committed to open and transparent reporting on sustainability.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.