increase font size
LIC chairman Murray King.
LIC chairman Murray King has defended the $20 million bill for its transformation process.
King told a special general meeting in Hamilton today that the cost was “absolutely worthwhile”.
“It is a big number but it’s not just a fee to consultants: it has to be earned,’ he told the meeting.
The transformation cost is a one-off, he says.
The process looked at the business and recommended changes to make it more efficient.
The process was preceded by the cooperative being split into two parts: herd improvement and agri-tech.
The cooperative also ditched its $1 billion revenue target. “It was a poor choice on reflection,” King says.
A hypothesis in a major dairy research programme that bulls genetically proven to be low methane producers could pass this trait onto their lactating daughters has been proven to be incorrect.
Herd improvement company LIC has entered the Indonesian market.
Livestock Improvement Corporation (LIC) and the Ag Emissions Centre have completed the latest phase of a mult-year methane research project, providing important insight into the role genetics may play in reducing gross emissions.
Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across the season and turning routine data capture into actionable farm intelligence.
Herd improvement company LIC has posted a 5.2% lift in half-year revenue, thanks to increasing demand for genetics.
Horticulture New Zealand says proposed changes to the Plant Variety Rights Act 2022 will drive innovation, investment and long-term productivity.
More than 1200 exhibitors will showcase their products and services at next month’s National Fieldays, with sites nearly sold out.
Despite difficult trading conditions for European machinery manufacturers brought about conflicts in Ukraine and Iran, alongside the United States imposing punitive tariffs, Italian manufacturer Maschio Gaspardo, has seen turnover increase 12% in 2025 to €390 million (NZ$775m) with a net profit of €11.2 million (NZ$22.3).
New Zealand innovation company Techion, best known for its animal diagnostics platform, FECPAK has signed an exclusive strategic partnership with Farmlands to bring independent animal health disease intelligence to its customers.
Zespri says it welcomes the recently signed Western Bay of Plenty Regional Deal, describing it as an important step towards supporting growth in the region and for New Zealand's kiwifruit industry.
Troubled milk processor Synlait has lost its third chief executive in five years.
OPINION: When Donald Trump returned to the White House, many people with half a brain could see the results for…
OPINION: Media trust has tanked because of what media's more woke members do and say.
