Next generation of DNA testing
Herd improvement co-operative LIC is combining its DNA parentage testing and genomic evaluation services into one convenient service to help farmers identify their highest genetic merit animals.
LIC shareholders will meet this week to vote on a new share structure.
And chairman Murray King wrote to shareholders last week, making it clear the co-op has no ‘plan B’ in the event of voting not supporting a single share structure. The proposal must garner 75% support to pass.
King says feedback from some farmers was that a ‘no’ vote would result in a second vote on a revised deal.
“To avoidance any doubt, this [idea] is completely wrong,” says King. LIC directors and “expert advisers” have been working on this proposal for over two years, he says.
“We have considered the issues closely and it is clear this is the fairest, balanced and most transparent way of resolving them.
“We have no plan B. If there is a ‘no’ vote we will not go away and revise the deal with an eye to coming back for a second vote in the near future.
“Although clearly disappointed we would respect the decision of our shareholders and focus on making the best out of carrying on with the existing share structure.”
King says that two classes of shares with unequal rights are not suitable for a modern, progressive co-op.
LIC’s special meeting will be held in Hamilton on March 14.
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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