fbpx
Print this page
Wednesday, 14 March 2018 11:53

$20 million LIC bill 'worthwhile'

Written by 
LIC chairman Murray King. 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.

More like this

Trev Integrates with LIC MINDA

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.

Featured

National

Machinery & Products

Chinese Tractors Eye Western Europe

Having caused quite a stir at last year’s Agritechnica, Chinese manufacturer Zoomlion is reported to be conducting large-scale field trials…

Franz Grimme Turns 80

Franz Grimme recently celebrated his 80th birthday earlier March and continues to be an entrepreneur with passion and pioneering spirit,…